Automated Patch Clamp System Market is Estimated to Witness High Growth Owing to Rising Prevalence of Neurological Disorders

 
Automated Patch Clamp System Market

The automated patch clamp system market has been gaining significant traction over the past few years owing to the rising prevalence of various neurological disorders such as epilepsy, Alzheimer’s disease and Parkinson’s disease. Automated patch clamp systems are used to study ion channels and receptors functions in excitable and non-excitable cells from various tissues like neurons, cardiomyocytes and others. These systems provide high-quality data at a much faster speed as compared to manual patch clamp instruments. The automated technology also mitigates variability associated with manual experiments and reduces experiment time significantly. The need for advanced diagnostic techniques and drug discovery processes have also propelled the demand for automated patch clamp systems across research institutes and pharmaceutical companies.

The Global automated patch clamp system market is estimated to be valued at US$ 579.83 Mn in 2024 and is expected to exhibit a CAGR of 6.0% over the forecast period from 2024 to 2030.

Key Takeaways

Key players operating in the Automated Patch Clamp System Market Size are GE Healthcare, Siemens Healthineers, Philips Healthcare, Toshiba Medical Systems Corporation, Hitachi Healthcare, Canon Medical Systems Corporation, Mindray Medical International Limited, Esaote SpA, NeuroLogica Corporation, NeuroVive Pharmaceutical AG, Brainlab AG, Akili Interactive Labs Inc., Brainomix Ltd., Imaging Science International, Mevis Medical Solutions, NeuroVista, Neusoft Medical Systems, Positron Corporation, Shimadzu Corporation, Trifoil Imaging.

The key opportunities in the market include development of advanced systems with higher throughput, miniaturized systems and those integrated with novel technologies. Growing focus on neuroscience research by pharmaceutical companies as well as research institutes represent major growth opportunities.

With presence across Americas, Europe, Asia Pacific and Rest of the world, the key players are focusing on expansion in emerging markets such as Asia Pacific and Latin America through partnerships, mergers and acquisitions.

Market drivers

The major market driver is the rising cases of neurological disorders across the globe. It has propelled the demand for timely and accurate diagnosis as well as development of novel therapeutics. According to WHO, over 50 million people suffered from epilepsy, 50 million have Alzheimer's disease and 6.2 million have Parkinson's disease worldwide in 2019. With increasing geriatric population, prevalence of such disorders is expected to grow rapidly in upcoming years, augmenting the demand. Secondly, increasing R&D investments in pharmaceutical and biotechnology sector have led to rising adoption of automated patch clamp systems for drug screening and development.


PEST Analysis

Political: Government regulations regarding medical device approvals and standards compliance. Patent protection and import-export laws impact innovation and trade.

Economic: Funding availability from research grants and venture capital for early/mid-stage companies impacts technology development. Reimbursement rates determined by public and private payers affect market adoption.

Social: Growing aging population drives demand for diagnostic technologies. Increased awareness of personalized medicine empowers patients to seek advanced care options.

Technological: Advancements in automation, miniaturization, and data integration enable high-throughput screening at single-cell resolution. Cloud-based platforms support remote experimentation and collaborative research.

North America holds the largest share of the automated patch clamp system market, by value. The region's dominance can be attributed to the presence of major players, rising emphasis on drug discovery research, growing prevalence of chronic diseases, and availability of funding for life science research.

The Asia Pacific region is projected to grow at the fastest CAGR during the forecast period. Factors such as increase in healthcare expenditure, rise in the number of CROs and pharmaceutical companies, untapped opportunities in emerging countries, and growing R&D investments from government and private bodies are driving the automated patch clamp system market in the Asia Pacific region.

Get more insights on- Automated Patch Clamp System Market

 

Comments

Post a Comment

Popular posts from this blog

Cellulose Films is the largest segment driving the growth of Cellulose Plastics Market

Image
  Cellulose Plastics Market The global Cellulose Plastics Market is estimated to be valued at US$ 819.69 Mn or Million in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Cellulose plastics are bioplastics made from cellulose, one of the most abundant organic polymer on Earth. They are produced from plant materials like wood and agricultural residues. Cellulose plastics offer advantages like biodegradability, recyclability and sustainability. They are widely used in agriculture films, food packaging and textiles. Market key trends: One of the key trend in the cellulose plastics market is growing demand for biodegradable and sustainable packaging solutions. Rising environmental concerns regarding widespread use of conventional plastics is driving the demand for eco-friendly cellulose plastics. Strict government regulations prohibiting use of single use plast
Read more

Electronic Warfare Market Poised to Witness High Growth Owing to Increasing Usage of EW Systems Across Military and Defense Sectors

Image
Electronic Warfare Market Electronic warfare (EW) systems are used for detecting, deceiving or damaging enemy’s communication and radar systems. It involves deliberate emission or suppression of electromagnetic energy to maintain information dominance. EW systems find wide applications across military, including land, sea, air and space operations for counteracting threats from armed forces of other nations. The need for situational awareness and gaining tactical advantage over opponents has catalyzed demand from armed forces globally. The global electronic warfare market is estimated to be valued at US$ 18.45 Bn in 2024 and is expected to exhibit a CAGR of 5.7% over the forecast period 2024 to 2031.  Key players operating in the electronic warfare market are BAE Systems plc, Elbit Systems Ltd., General Dynamics Corporation, Israel Aerospace Industries Ltd., L3Harris Technologies Inc., Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corpor
Read more

Eyewear Market Is Estimated To Witness High Growth Owing To the Growing Demand for Prescription Eyewear

Image
  Eyewear Market The global Eyewear Market is estimated to be valued at US$ 273.4 billion in 2018 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023-2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: The Eyewear Market includes products such as prescription glasses, contact lenses, and sunglasses. These products offer vision correction and protection from harmful ultraviolet (UV) rays. The increasing prevalence of eye disorders and the growing awareness about the importance of eye health are driving the demand for eyewear products. Furthermore, the rising use of digital devices and exposure to blue light is also contributing to the need for prescription eyewear to reduce eye strain and prevent vision problems. Market Key Trends: One key trend in the Eyewear Market is the increasing demand for fashionable and luxury eyewear. Consumers are not only seeking vision correction but also looking for eyewear that complements
Read more