Growth in this market is
driven by the rising global incidence of chronic diseases, increasing vaccine
development to address the challenge of antimicrobial resistance, and
technological advancements in Cell Surface Markers kits and analyzers.
The cell
surface markers market is valued at an estimated USD 520 million in 2018 and is projected to
reach USD 769 million by 2023, at a CAGR of 8.1%
+ Market Dynamics
+ Drivers
+ Increasing Funding for
Life Science Research
+ High Global Prevalence of Cancer
+ Growth in Stem Cell and Neurobiology Research
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The cell surface markers market is segmented into research applications and clinical applications. The clinical applications segment is expected to witness higher growth during the forecast period primarily due to the rising prevalence of cancer and the increasing adoption of cell surface markers in cancer treatment.
The cell surface markers
market is segmented into academic & research institutes, hospitals &
clinical testing laboratories, and pharmaceutical & biotechnology
companies. The hospitals & clinical testing laboratories segment is
expected to register the highest CAGR during the forecast period. The
increasing incidence of chronic diseases such as cancer and HIV is expected to
boost the demand for cell surface markers in hospitals & clinical testing laboratories
in the coming years.
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