The major factors
driving the growth of the flow cytometry market are the technological
advancements in flow cytometers, increasing adoption of flow cytometry techniques
in research activities & clinical trials, the growing focus on immunology
and immuno-oncology research, increasing incorporation of AI platforms in flow
cytometry workflows & advancements in flow cytometry software, high
incidence and prevalence of HIV-AIDS & cancer, and availability of novel
application-specific flow cytometry products.
What the Market Looks Like?
The global Flow cytometry market size is projected to
reach USD 6.4 billion by 2025 from USD 4.0 billion in 2019, at a CAGR of 8.3%.
On the basis of
technology, the global Flow Cytometry Reagents and Consumables Market is
segmented into cell-based and bead-based flow cytometry. The bead-based flow
cytometry segment is estimated to witness the highest growth during the
forecast period. This technology offers various procedural advantages over
other cell-based assays, such as the capacity to detect multiple analytes (also
known as multiplexing), high reproducibility, stability, and speed.
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What Drives the Market?
The growth of the global
market for Flow Cytometry is
primarily influenced by the following factors:
- Technological
Advancements
- Increasing
Incorporation of Ai Platforms in Flow Cytometry Workflows and Advancements
in Flow Cytometry Software
- Growing
Adoption of Flow Cytometry Techniques in Research and Academia
- Growing
Public-Private Initiatives in the Field of Immunology and Immuno-Oncology
Research
- Rising
Global Incidence and Prevalence of Hiv/Aids and Cancer
- Increased
Availability of Application-Specific Products
Geographically, the
market is segmented into North America, Europe, the Asia Pacific, Latin
America, and the Middle East & Africa. North America is expected to account
for the largest share of the global market in 2019. The favorable business
environment, continuously growing number of research activities, the rising
number of drug discovery initiatives by US-based pharmaceutical &
biotechnology companies, and the strong presence of key players are factors
propelling the growth of the North American flow cytometry industry.
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