The global cell sorting market size is projected to reach USD 247.4 Million by 2021, mainly due to the technological advancements in the field of cell sorting technologies, increasing adoption of cell sorters by various end users across the research and clinical field, increasing incidence and prevalence of target diseases (such as HIV/AIDS and cancer), and launch of application-specific cell sorters.
Furthermore, fast growing emerging markets (including Asia Pacific and LATAM countries, among others), emergence of microfluidics technology for cell sorting, and continuous growth in stem cell research are expected to offer new growth opportunities for companies operating in the cell sorting market during the forecast period.
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Product manufacturer involved in cell sorting market are focusing on new product development as their key growth strategy, to maintain their position in the market and strengthen their revenue base. Companies also aim to differentiate themselves in the highly competitive cell sorting market by expanding their product portfolios in accordance with industry trends and client needs. Currently, leading market players are focusing on entering new markets by launching technologically advanced and innovative products in both developed as well as emerging markets.
Market Drivers
- Technological advancements in cell sorters
- Increasing research activities focused on cell sorting technologies
- Increasing funding and investments for development of technologically advanced cell sorters
- Growing prevalence of HIV and Cancer patients
- Expanding pharmaceutical and biotechnology industry
- Launch of novel reagents for specific applications
Market Restraints
- High cost of cell sorting instruments
- Lack of awareness and technical knowledge regarding the use of cell sorters
Market Opportunities
- Emerging markets
- Emergence of microfluidics technology for cell sorting
Technological advancements in cell sorters, increasing cell sorter-based research, and development of application specific cell sorter reagents are expected to drive the global cell sorting market close to USD 247.4 Million by 2021.
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