Global Cell Analysis Market 2016-2020

Overview of the global cell analysis market

Market research analysts at Technavio have predicted that the global cell analysis market will grow steadily at a CAGR of around 7% by 2020. The increased need for accuracy and low cost will lead to the growth in demand for automated equipment in the market, which will be one of the major growth drivers for this industry. Automated cell counters normally use optical light scattering and changes in the electrical current. Continuous technological advancements employed in automated hematology instruments have enabled the enumeration and evaluation of blood cells with greater precisions. Since automated cell counters eliminate the need for reagents or dyes, the process also becomes more cost-effective. Manufacturers are also focusing on developing user-friendly cell analyzers that do not require manual calibration or maintenance. For instance, one of the prominent vendors EKF Diagnostics has already introduced the next-generation Hemo Control POC hemoglobin analyzer, which upgrades data management functionalities and can also store the results of almost 4,000 patients.

Due to the focus on reducing their manufacturing and distribution costs, several pharmaceutical and biotechnology companies have started outsourcing their drug discovery and research activities to (contract research organizations) CROs and research institutes, as these organizations use the latest technologies and high-end instruments for product development and clinical trials. This enables the source companies to focus more on the development of pricing and marketing strategies. This change in the vendor’s focus towards pricing market marketing strategies will subsequently increase the number of organizations collaborating with CROs and will be one of the major trends gaining traction in the market in the coming years.

Competitive landscape and key vendors