Increase in prevalence of chronic diseases, surge in technological advancements, and rise in R&D activities in the healthcare sector are the major factors which drive the global market growth.
WILMINGTON, Del., Sept. 19, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Autoradiography Films Market by Product (Nuclear Emulsion, X-Ray Film and Others), by Application (Blotting, Sequencing and Others), End User (Pharmaceutical and Biotechnology Companies, Hospitals and Clinics and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the autoradiography films market was valued at $130.0 million in 2023, and is estimated to reach $174.9 million by 2033, growing at a CAGR of 3% from 2024 to 2033.
Prime determinants of growth
Increase in prevalence of chronic diseases, surge in technological advancements, and rise in R&D activities in the healthcare sector are the major factors that drive the growth of the autoradiography films market growth. However, high initial costs and maintenance expenses associated with autoradiography equipment poses a significant restraint on the growth of the autoradiography films market. Moreover, growth opportunities in emerging markets offer remunerative opportunities for the expansion of the global autoradiography films market.
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Segment Highlights
Widespread use of X-ray film in autoradiography films market
By product, the X-ray film segment is driven by its versatile applications across various fields such as medical diagnostics, industrial testing, and scientific research. In addition, advancements in imaging technologies enhance the sensitivity and resolution of X-ray films, making them indispensable in both analog and digital radiography thus driving the segment growth. Moreover, the widespread use of X-ray films in healthcare for diagnosing fractures, tumors, and other medical conditions drives segment growth.
Rise in demand for blotting in autoradiography films
By application, the blotting segment is primarily driven by its critical role in molecular biology research and diagnostics. Blotting techniques, including Southern, Northern, and Western blotting, rely on autoradiography films to detect and visualize specific nucleic acids or proteins. These techniques are essential for studying gene expression, identifying mutations, and characterizing protein interactions. In addition, rise in advancements in blotting protocols and the integration of automated imaging systems enhance workflow efficiency and reproducibility, further boosting segment growth.
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Rise in adoption of autoradiography films in pharmaceutical and biotechnology companies
By end user, the pharmaceutical and biotechnology companies segment is poised for significant growth in the autoradiography films market due to these companies heavily rely on autoradiography films for various applications in drug discovery, molecular biology research, and clinical diagnostics. Their need for accurate and sensitive imaging techniques, such as those provided by autoradiography films in blotting applications, drives consistent demand. In addition, pharmaceutical and biotechnology companies utilize autoradiography films to study drug interactions, screen potential drug candidates, and conduct molecular analyses critical to their research and development processes thereby supporting the segment growth.
Regional Outlook
North America to Dominate by 2033
North America is poised to lead the growth in the autoradiography films market owing to high healthcare infrastructure, high healthcare spending, and a strong emphasis on technological advancements. In addition, the presence of leading healthcare and pharmaceutical companies fosters innovation and adoption of advanced medical technologies which further supports the market growth.
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Players
- Thermo Fisher Scientific Inc.
- FUJIFILM Corporation
- Carestream
- LabScientific
- Danaher Corporation
- Advansta INC
- PerkinElmer
- Bio-Rad Laboratories, Inc
- Merck KGaA
- Santa Cruz Biotechnology, Inc.
The report provides a detailed analysis of these key players in the global autoradiography films market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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