Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
IN THE NEWSIntroduction to Automated Cell Block System
The traditional cell block technique is defined as the processing of cells, blood clots, or tissues from cytological samples into paraffin blocks that can be cut and tarnished by the same methods. This technique helps to bring additional information regarding the architectural structure of the cell. An automated cell block technology is built on the Thinprep system. It uses a vacuum-assisted filtration solution to capture and concentrate the available cells within the block, after which a methanol-based solution is used to collect available specimens. An automated cell block system concentrates, processes, and embeds loose cells into a paraffin block ready for segmenting. Cells are concentrated into a well in the cartridge by creating a vacuum. Subsequently, cells are washed with xylene fix and alcohol. The cell button is then permeated with paraffin in the same cartridge. An automated cell block system is more efficient and accurate and provides greater consistency, clarity, and cellularity for each processing of the specimen.
Market Size and Forecast
The global automated cell block system market is anticipated to register a significant CAGR over the forecast period, i.e., 2020-2028. Numerous technological advancements have been witnessed in the medical research field, along with the rise in several approvals regarding automated medical products in order to bring new opportunities to an industry that had previously lacked innovation, which is anticipated to boost the market growth. The market is segmented by product, by component, by end user and by region. The segment for end user is further segmented into rеѕеаrсh & асаdеmіс іnѕtіtutеѕ, lаbоrаtоrіеѕ, and others, out of which, the segment for research & academic institutes is anticipated to grow at the highest rate in the next few years on account of increasing research and development in the medical sector. The technologically enhanced automated cell block system is used to overcome the limitations of traditional cell block methods. To fulfill the demand, device manufacturers have completely adopted automated techniques, developing new and improved technological systems. Eminent advantages of an automated cell block system over traditional cell block system include factors such as availability of block with more sections and less time-consuming process of segmentation of specimens. Further, this new system ensures that the storage of cell blocks is easier than unstained slides, recognition of tumor pattern and architectural design is possible, and biopsy is not required. Technology assessment is present in the automated cell block systems with improved automated operations, minimal errors coupled with faster processes, and government initiatives to aid the market, which is estimated to gain traction during the forecast period on the basis of these factors. CLICK TO DOWNLOAD SAMPLE REPORT
Growth Drivers
Technological advancements in cell block techniques
Technological advancements in the medical research industry have provided better and effective solutions. The traditional method of segmentation and testing of the specimen could take days before producing any result along with inconsistent results, insufficient cellularity, and risk of contamination. However, the automated cell block systems are anticipated to maintain crisp and clear cellular architecture, minimizes operator error, and maximizing cellularity even from small samples. Subsequently, this method has the advantage of standardized produces and consistent preparations in less than an hour, and limited contamination risk. These are some key factors that are projected to raise the demand for automated cell block system in the coming years.
Increase in the production capacity for automation systems
With the growing global demand for the automated systems, key market players are adopting new and improved technologies to increase the production rate for the automated cell block systems. This resolution of key market players will further aid in the production of more accurate automated systems with a limited cross-contamination risk. The rising production capacity of market key players is estimated to further assist in the growth of the automated cell block system market in the coming years.
Restraints
The high cost of automated cell block systems
Sustainable advanced technologies come at a cost. Owing to the high price of both installation and the product itself, the market growth is estimated to be restricted tremendously, thereby affecting the demand for an automated cell block system in the coming years.
Complex regulatory framework
Specimens processed in automated cell block system are collected in a methanol-based solution, which therefore requires long and fixed standardized procedures, preparations, along with authentication laboratories to ensure accurate results of cell segmentation processes. The complexity of this procedure is predicted to be another factor hindering the growth of the automated cell block system market during the forecast period.
Market Segmentation
In-depth analysis of the global automated cell block system market includes the following segments:
By Product
By Component
By End-User
By Region
On the basis of regional analysis, the global automated cell block system market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Based on the region, the market in North America is anticipated to hold the largest share in the automated cell block systems market owing to the early adoption of technology in the medical research field. Additionally, the market in Asia-Pacific region is expected to grow with the largest CAGR over the forecast period owing to the constant focus of the major market player towards developing the market in Asian countries such as India and China. This, along with the support of the government in this region, is estimated to lead to the development of the automated cell block systems market in the coming years.
The global automated cell block system market is further classified on the basis of region as follows:
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