Cell Counting Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)
Cell Counting Market Analysis:
1. The cell counting market is projected to achieve a compound annual growth rate (CAGR) of 7.2% in the coming years. The COVID-19 pandemic played a significant role in the increased adoption of cell-counting products and consumables. This was due to the identification of potential indicators of COVID-19, such as osteopenia and lymphopenia, which led to a higher demand for cell counting devices. A study published in BMC Infectious Diseases in June 2021 revealed that a high white blood cell (WBC) count upon admission was strongly associated with mortality in COVID-19 patients. Consequently, a greater emphasis was placed on monitoring WBC count in the treatment of COVID-19. While the pandemic had a notable impact on market growth, the current stabilization of the situation is expected to result in steady growth over the study’s forecast period.
2. The growth of the cell counting market can be attributed to several key factors. Firstly, there is an increasing incidence of target diseases such as HIV, measles, diphtheria, as well as chronic diseases like cancer and other blood disorders. Additionally, the utilization of high-throughput flow cytometry and automated hematology analyzers is on the rise. According to data from UNAIDS, it is estimated that in 2022, approximately 38.4 million individuals worldwide were living with HIV, with 1.5 million new infections reported in 2021. The report also highlighted that by 2021, around 28.7 million people would have access to antiretroviral therapy. Consequently, the growing prevalence of infectious diseases is expected to drive the demand for cell counting products and consumables.
3. Moreover, advancements in technology have played a crucial role in the growth of the cell counting market. These advancements have led to the introduction of new and improved cell counting products and consumables, resulting in increased adoption. For example, Logos Biosystems, a division of Aligned Genetics, Inc., launched the CountWire System in February 2021. This demonstrates the continuous efforts made by industry leaders to develop cutting-edge life science solutions. With the introduction of innovative products, the market is expected to witness further expansion. Overall, the combination of technological advancements and the rising demand for cell counting products and consumables is driving the growth of the market.
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