By region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North America Live Cell Imaging market accounted for USD 2.15 billion in 2022 with a share of around 45.80% and is expected to exhibit a significant CAGR growth during the study period. The presence of a bigger patient pool and an expanding senior population is said to account for the majority of the share. The main forces in this area are the significant funding and investment available for live-cell imaging research.
Due to factors including an increase in chronic illnesses and the amount of research and development (R&D) programs in the nation, the United States now owns the greatest market share in the North American area. In the United States, around 34,800 new HIV infections were reported in 2020, according to the most recent estimates from the Centers for Disease Control and Prevention. According to the same source, 13% of Americans with HIV are unaware of their condition and urgently want a diagnosis.
Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: LIVE CELL IMAGING MARKET SHARE BY REGION 2023 (%)
Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review
The second-largest share in the world is held by Europe Live Cell Imaging market, which may be attributed to several factors, including a rising patient population in need of novel therapies like stem cell therapy and gene therapy, an increase in the number of drugs approved for precision medicine, government financing for research-based activities, quick developments in live cell imaging, and several others. Moreover, the U.K. Live Cell Imaging market held the largest market share, and the Germany Live Cell Imaging market was the fastest-growing market in the region.
The Asia Pacific Live Cell Imaging market region has the significant anticipated growth rate. The government-sponsored research on stem cell therapy, the growing importance of regenerative medicine research, the expansion of preclinical and clinical research in China, the favorable changes in foreign direct investment (FDI) regulations in the pharmaceutical industry in India, and the expansion of the pharmaceutical and biopharmaceutical sectors in South Korea are the main causes of this region's high growth rate. Further, the China Live Cell Imaging market held the largest market share, and the India Live Cell Imaging market was the fastest-growing market in the region.
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