The growing incidence of diseases and disorders, development of enhanced solutions and improved image analysis, and growing use of high-throughput flow cytometry and automated hematology analyzers. 

Market Size 
The global Cell Counting market size is projected to reach USD 700.8 million by 2027 from USD 377.2 million in 2018, at a CAGR of 8.4%. 

Danaher Corporation (US), Thermo Fisher Scientific (US), Becton, Dickinson and Company (US), Merck (Germany), Bio-Rad Laboratories (US), GE Healthcare (US), PerkinElmer (US), Agilent Technologies (US), BioTek Instruments (US), Tecan Group (Switzerland), Roche Diagnostics (Switzerland), Sysmex Corporation (Japan), HORIBA, Ltd. (Japan), Abbott Laboratories (US), and Siemens Healthineers (Germany) are some key players in this market. These companies are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies such as product launches, acquisitions, and expansions. 

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“Danaher Corporation was the leading player in the cell counting market and accounted for the largest share in 2017” 
The company has a diversified product portfolio, which comprises of a wide range of instruments and consumables. Danaher offers a number of cell counters, flow cytometers, and hematology analyzers along with a wide range of consumables. In 2018, the company launched the DxH 900 hematology analyzer, and in 2017, the company launched two new flow cytometry systems. With a strong portfolio of cell analysis instruments and incessant efforts to develop innovative products, the company is likely to maintain its strong position in this market in the coming years. 

“Thermo Fisher was the second-largest market player in the cell counting market in 2017” 
The company offers various innovative flow cytometers, cell counters, microplate readers, and spectrophotometers, along with all consumables ranging from reagents, beads & microspheres, to stains and buffers. The company’s FDA and CE Mark-approved products have helped it to further enhance its presence in this market. Furthermore, Thermo Fisher expanded its presence in the US and South Korea in 2016 by opening new GMP facilities. Moreover, the company aims to strengthen its presence in selected geographies in the Asia Pacific region, undertaking various organic and inorganic growth strategies. 

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Growth in this market is largely driven by the rising global prevalence of cancer, growing awareness regarding cell-based therapies, and increasing government funding cell-based studies. On the other hand, the ethical concerns regarding research in cell biology is the major factor that is expected to restrain the growth of this market during the forecast period.

Market Size

The global Cell Expansion Market is projected to reach USD 26.0 billion by 2024 from USD 12.7 billion in 2019, at a CAGR of 15.4% during the forecast period.

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“The consumables segment accounted for the largest share of the cell expansion market in 2018”

On the basis of type, the market is segmented into consumables and instruments. In 2018, the consumables segment accounted for the largest share of the market. This is mainly due to its high demand during the production of regenerative medicine and rising research activities on stem cells in the biopharmaceutical companies.

“Human cells segment is expected to grow at the highest growth rate during the forecast period”

Based on cell type, the market is segmented into human cells and animal cells. The human cells segment includes stem cells and differentiated cells. These cells are used for therapeutic and research purposes. In 2018, the human cells segment accounted for the larger share of the market majorly due to the increasing investments by public and private organizations for research on human cells such as stem cells, growing application areas of human stem cells, and the growing awareness regarding stem cell therapies.

Recent Developments

• In 2018, Merck KGaA (Germany) entered an agreement with Incheon Free Economic Zone (IFEZ) to build an integrated Cell Culture facility in Songdo, South Korea.
• In 2018, Miltenyi Biotec (Germany) had received the European Medicines Agency (EMA) approval for the use of CliniMACS Prodigy instrument in MolMed S.p.A.’s GMP facility.

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