Global Flow Cytometry Market to Value Over USD 6.3 Billion by 2026 End

  • 28 Aug 2019

Global flow cytometry market is estimated to value over USD 6.3 billion and register a CAGR of over 8% during the forecast period 2019 to 2026.

Flow cytometry is a tool used for detecting physicochemical properties of a cell or particles, based on the principle of light scattering. Cell counting, cell sorting, detection of microbes, protein engineering detection, etc. are some of the uses of flow cytometry.

The advancements in technology, adoption of flow cytometry method in research and academics, initiatives in oncology and immunology research, etc. are the driving factors aiding the flow cytometry market growth. The inclination towards adopting a more effective alternative for diagnosis of severe diseases has boosted market demand for flow cytometry techniques.

Being an advanced system, the flow cytometry should be operated by well trained and skilled personnel. The equipment maintenance expenses and expenditure assigned on personnel training are quite high resulting in limited purchasing by the majority of end-users. These factors are estimated to affect flow cytometry market growth.

The cell-based flow cytometry is estimated to dominate the market. In the current era, owing to the rising focus on cell culture, target enrichment, deep cell diagnosis, isolation of cytoplasmic contents and proteins, etc. the investments and expenditure on cell-based research have increased significantly. Thus, it is an integral factor responsible for the proliferation of the segment.

The research organizations are focusing on finding a better alternative for current cell analytical techniques. Flow cytometry is a major tool for in-depth study and development of cell-based assays. Research and academic institutes tend to invest more in this sector, thus driving the flow cytometry market growth.

Initiatives for adopting advanced flow cytometry techniques and products are undertaken on a larger scale in North America. The market is boosted by the funds from the private and public sectors in this region. Furthermore, Europe has a large amount of outsourcing for clinical products by flow cytometry resulting in rising flow cytometry market share.

The key market players are Agilent Technologies, Apogee Flow Systems, Beckman Coulter (A Subsidiary of Danaher), Cytonome St, Thermo Fisher Scientific, etc. Agilent Technologies and Thermo Fisher Scientific are expected to have a major market share owing to advanced equipment and methods.

FutureWise Key Takeaways:

●    Investment in cell-based oncology and immunology research

●    Collaboration with research organizations

●    Development of advanced and affordable equipment

Global Flow Cytometry Market Segmentation:

By Technology:

●     Cell-based flow cytometry

●     Bead-based flow cytometry

By Product and Service:

●    Reagents and consumables

●    Flow cytometry instruments

●    Services

●    Softwares

●    Accessories

By Application:

●    Research applications

●    Clinical applications

●    Industrial applications

By End User:

●    Academic and research institutes

●    Hospitals and clinical testing laboratories

●    Pharmaceutical and biotechnology companies

By Region:

●    North America

●    Europe

●    Asia Pacific

●    Latin America

●    Middle East and Africa

Competitive Landscape:

●    Tier 1 players- established companies in the market with a major market share

●    Tier 2 players

●    Emerging players which are growing rapidly

●    New Entrants

Objectives of the Study:

●    To provide with an exhaustive analysis on the flow cytometry market by technology, by product and service, by application, by end user and by region

●    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

●    To evaluate and forecast micro-markets and the overall market

●    To predict the market size, in key regions (along with countries)— North America, Asia Pacific, Europe, Latin America and Middle East and Africa

●    To record evaluate and competitive landscape mapping-product launches, technological advancements, mergers, and expansions

●    Profiling of companies to evaluate their market shares, strategies, financials, and core competencies

 

Get unlimited analyst support and customise this study further to your requirements, contact sales@futurewiseresearch.com