Global Flow cytometry Market Forecasted To Grow At A 7.7% CAGR

The global Flow cytometry market size was valued USD 97.21 billion in 2023 and is expected to rise to USD 189.51 billion by 2032 at a CAGR of 7.7%.

Flow cytometry is a commonly used technology for studying cell surface and intracellular chemicals, identifying and distinguishing different cell types in a heterogeneous cell population, determining the purity of isolated subpopulations, and determining cell size and volume. It enables for multi-parameter examination of single cells at the same time.

It's mostly used to assess the amount of fluorescence produced by fluorescent-labeled antibodies that identify proteins or ligands that attach to certain cell-associated compounds, like propidium iodide binding to DNA.

With the presence of a large pool of participants, the Global flow cytometry market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Thermo Fisher Scientific Incorporation, are some of the key vendors of flow cytometry across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the flow cytometry market study.

Reports cite that, in August 2018, a researcher working in Annis Water Resources Institute of Grand Valley State University was offered a grant worth US$ 96,007 by Michigan Department of Agriculture and Rural Development for testing the application of an imaging flow cytometry. For the record, the new technology can detect Escherichia coli contamination in food. 

The main products available in this flow cytometry market are reagents and consumables, instruments, and software. Among the three, the demand for instruments is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.

Growing application in medical diagnostics, pharmaceuticals & drug discovery, and biomedical research along with rapid innovations witnessed in biotechnology sector will steer the growth of flow cytometry market in the ensuing years,” says the author of this study. Apart from this, ability to deliver concise & authentic clinical outcomes is likely to upsurge the revenue of flow cytometry market in the forthcoming years.

Escalating instrument costs and low availability of technical professionals, however, is predicted to impinge the progress of flow cytometry market over the coming years. Lack of awareness about the flow cytometry process can also pose a threat to the growth of the business. Nevertheless, growing prevalence of diseases such as cancer and HIV is forecast to drive the business space in the couple of years, thereby normalizing the impact of hindrances on the flow cytometry market, reports the study.

Regionally, North America has been leading the worldwide flow cytometry market and is anticipated to continue on the dominant position in the years to come, states the flow cytometry market study. The presence of a well-established medical and healthcare infrastructure and skilled healthcare experts is the main factor behind the dominance of the North America flow cytometry market. Introduction of new technologies in flow cytometry along with the burgeoning demand for flow cytometry in the region is another significant factor that is supporting the growth of this regional flow cytometry market.

Browse the full “Flow cytometry Market By Technology (Cell-based Flow Cytometry, Bead-based Flow Cytometry) By Product and Service (Reagents and Consumables, Instruments, Services, Software, Accessories) By Application (Research Applications, Clinical Applications, Industrial Applications) By End User (Academic & Research Institutes, Hospitals & Clinical Testing Laboratories, Pharmaceutical & Biotechnology Companies), by : Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 - 2032.” Report at https://www.zionmarketresearch.com/report/flow-cytometry-market

The global flow cytometry market is segmented as follows:

Technology Segment Analysis

• Cell-based Flow Cytometry
• Bead-based Flow Cytometry

 Product and Service Segment Analysis

• Reagents and Consumables
• Instruments
  • Cell Analyzers
    • High-Range
    • Mid-Range
    • Low-Range
  • Cell Sorters
    • High-Range
    • Mid-Range
    • Low-Range
• Services
• Software
• Accessories

Application Segment Analysis

• Research Applications
  • Pharmaceuticals and Biotechnology
  • Immunology
  • Cell Sorting
  • Apoptosis
  • Cell Cycle Analysis
  • Cell Viability
  • Cell Counting
  • Other
• Clinical Applications
  • Cancer Diagnostics
  • Hematology
  • Immunodeficiency Diseases
  • Organ Transplantation
  • Other
• Industrial Applications

End User Segment Analysis

• Academic & Research Institutes
• Hospitals & Clinical Testing Laboratories
• Pharmaceutical & Biotechnology Companies

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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