Global Market For Cell And Tissue Analysis Products To Be Worth $4.5 Billion In 2014
September 18, 2009
Wellesley, Mass. – According to a new technical market research report, CELL AND TISSUE ANALYSIS PRODUCTS: THE GLOBAL MARKET (BIO068A) from BCC Research (www.bccresearch.com), the global market for cell and tissue analysis products was worth $2.6 billion in 2008 and an estimated $2.8 billion in 2009. This will increase to nearly $4.5 billion in 2014, for a compound annual growth rate (CAGR) of 10.1%.
The market is broken down into segments of cell and tissue characterization products, biospecimens, cell separation products. The cell and tissue characterization products segment is the largest of the three, generating $1.2 billion in 2008 and an estimated $1.3 billion in 2009. This should reach $2.2 billion in 2014, for a CAGR of 10.8%.
The cell separation products segment is a close second in value, with $1.2 billion in sales in 2008 and an estimated $1.3 billion in 2009. That is expected to grow to $2.1 billion in 2014, for a CAGR of 9.8%. The biospecimens segment is expected to generate $132 million in 2014.
GLOBAL MARKET FOR CELL AND TISSUE ANALYSIS PRODUCTS, BY SEGMENT, 2008-2014
Source: BCC Research
The recent surge in NIH and NSF funding, $10.4 billion and $3 billion, respectively, stemming from President Obama’s stimulus package, will serve to drive novel and existing domestic research programs. As innovative projects get underway and new proposals are developed, the acute demand for products associated with life-science research will increase accordingly. As a corollary, due to the central role of cell and tissue analysis products in the life-science research flow, this market report will be particularly timely.
The study scope of this report includes commercialized products used in the isolation, purification and analysis of cells, as well as novel products that may be commercially viable by 2014.
This report will be of general interest to business professionals in the field of biotechnology. Both life-science reagent suppliers and research scientists will benefit from the comprehensive summary of relevant technologies and industrial profiles contained in the study.
Cell and Tissue Analysis Products: The Global Market( BIO068A )
Publish Date: Sep 2009
Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC, 49 Walnut Park, Building 2, Wellesley, MA 02481, Telephone: 866-285-7215; Email: email@example.com as the source and publisher. Thank you.