Cell Counting Market Analysis, Size, Growth, Share, Outlook & Forecast to 2025 | Grand View Research Inc.
The global cell counting market size is expected to reach USD 10,679.7 million by 2025, at a CAGR of 7.8% according to a new report by Grand View Research, Inc. Government initiatives working to promote the development of cell therapeutics, wherein cell counting plays an imperative role, is expanding growth prospects for the market. As a result of extensive R&D activities, the number of diseases treated with the help of stem cells increased to 82 in 2016 from 27 in 2005. Also, the California Institute for Regenerative Medicine’s funding of USD 271 million for stem cell therapy created 12 R&D facilities in California, and these facilities brought approximately USD 543 million in funding. In addition, it is also funded by the National Institutes of Health (NIH), which approximately invested USD 1,429 million in 2015. An increase in the number of collaborations of research institutes with various public and private entities to promote R&D has provided a significant boost to the cell counting market. A growing number of proposed guidelines and recommendations for public and private laboratories to ensure high-quality standards and facilitate the generation of accurate results are likely to improve the adoption of instruments over the coming years. For instance, in May 2016, the International Society for Stem Cell Research updated guidelines for the development of cell-based therapy and research. The proposed guidelines focus on all stages of R&D and improve the quality of preclinical studies. Further Key Findings From the Report Suggest: