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.
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Top
Key Players: -
The
major players operating in the flow cytometry market are Becton, Dickinson and
Company (US), Beckman Coulter, Inc. (US), Thermo Fisher Scientific, Inc. (US),
Merck KGaA (Germany), Sysmex Partec GmbH (Germany), Luminex Corporation (US),
Miltenyi Biotec GmbH (Germany), Bio-Rad Laboratories, Inc. (US), Sony
Biotechnology, Inc. (US), Agilent Technologies, Inc. (US), bioMérieux S.A.
(France), Enzo Life Sciences, Inc. (US), Stratedigm, Inc. (US), Cytonome/ST LLC
(US), Cytek Biosciences (US), and Apogee Flow Systems Ltd. (UK).
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