Rapid Digitalization Of Healthcare Sectors Driving Growth Of The Global Automated Patch Clamp System Market

 
Automated Patch Clamp System Market

The global Automated Patch Clamp System Market is estimated to be valued at US$ 503.32 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Automated patch clamp systems are instruments used for studying electrophysiological properties of cells and ion channels. These systems enable measurement of ionic current flowing through single ion channels present on cell membranes. Automated patch clamping has advantages over traditional patch clamping as it minimizes operator variabilities and errors. It allows screening of larger number of cells within shorter time which is important for drug discovery research. Automated patch clamp systems have applications in neurology, cardiology and oncology research for developing effective drugs and treatment therapies.

Market key trends:
Rising prevalence of chronic diseases and increasing R&D spending on drug discovery research are major factors fueling demand for automated patch clamp systems. Growing geriatric population susceptible to various diseases is also propelling the market growth. Rapid digitalization of healthcare industry is advancing medical research through use of advanced technologies like automated patch clamping. Paradigm shift from traditional to automated patch clamping owing to its reproducibility, repeatability and throughput advantages is another key trend in the market. Industry players are constantly innovating their products to offer customized solutions for diverse applications in pharmaceutical and biotechnology companies.


Porter’s Analysis

Threat of new entrants: Low capital requirements and availability of established brands with brand recognition pose threat of new entrants entering the market.

Bargaining power of buyers: Buyers have high bargaining power owing to availability of substitutes and competitive pricing from key players.

Bargaining power of suppliers: Suppliers have moderate bargaining power due presence of established suppliers and differentiated products.

Threat of new substitutes: Threat of new substitutes is moderate as the current automated patch clamp systems are technologically advanced.

Competitive rivalry: High competitive rivalry among key players leads to competitive pricing.

Key Takeaways

The Global Automated Patch Clamp System Market Demand is expected to witness high growth, exhibiting CAGR of 11% over the forecast period, due to increasing research activities in neuroscience and drug discovery.

The North America region dominated the market with highest revenue share in 2023 owing to presence of key players, rising R&D investments and large-scale adoption of advanced systems in neuroscience research. Asia Pacific is projected to witness fastest growth during the forecast period majorly driven by increasing healthcare spending, government initiatives to promote life science research and growing pharmaceutical industry in China and India.

Key players operating in the Automated Patch Clamp System market are Sophion Bioscience A/S, Nanion Technologies GmbH, NeoBiosystems, Inc., Multi Channel Systems MCS GmbH, Fluxion Biosciences, Molecular Devices, LLC, Scitech Korea Inc., and HEKA Elektronik GmbH. Sophion Bioscience A/S and Nanion Technologies GmbH captured significant market share in 2023 owing to their diversified product portfolio of high throughput and extra-cellular recording patch clamp systems.

Read More:

https://www.marketwebjournal.com/automated-patch-clamp-system-market-analysis-size-and-growth/

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