Flow Cytometry Market Exhibit Sluggish Growth at CAGR ~11.5% from 2018-2023

 

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Flow cytometry Market is used to determine the physical and chemical characteristics of a cell or a particle. Flow cytometry of a cell can determine the cell size, cell count, cell cycle and other characteristics of the cell. It helps scientists and researchers to extract specific information about the cell or particle.

The global flow cytometry market is expected to grow during the forecast period (2018-2023) at a CAGR ~11.5%.

The increasing use of flow cytometry in diagnosis, increasing applications of flow cytometry in healthcare research and growing adoption of new technology are responsible for the growth of the market. Moreover, the rising prevalence of HIV/AIDS and cancer cases are contributing to the growth of the market. According to the UNAIDS, in the year 2015 more than 36.7 million people worldwide were affected by HIV/AIDS and out of which 1.8 million were children below 15 yrs.

Some of the key players in the flow cytometry Market are Beckman Coulter, Inc., Becton, Dickinson and Company., Danaher., Thermo Fisher Scientific, Merck KGaA, Bio-Rad Laboratories, Inc., Luminex Corporation., Miltenyi Biotec, Sysmex Partec GmbH, Agilent Technologies, Inc., Sony Corporation, Biomerieux S.A., and Enzo Biochem Inc.

The high costs of flow cytometry instruments and reagents, lack of awareness about applications of flow cytometry and scarcity of technicians may hamper the growth of the market during the assessment period.

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Additionally, increasing R&D spending and aggressive strategies adopted by the top players, such as new product launches, are contributing to the growth of the market. For instance, in January 2016, Sysmex America Inc. has introduced New CyFlow monoclonal antibodies in the market, this new reagent was introduced in the American market which will be available for use in academic as well as clinical research and commercial manufacturing.

global flow cytometry market has been segmented on the basis of products & services, technology, application, and end-user.

Global Flow Cytometry Market, by Products & Services

Reagents and Consumables
Flow Cytometry Instruments
Cell Analyzers
Cell Sorters
Services
Software
Accessories
Global Flow Cytometry Market, by Technology

Cell-Based Flow Cytometry
Bead-Based Flow Cytometry
Global Flow Cytometry Market, by Application

Research Applications
Drug Discovery
Stem Cell Research
In Vitro Toxicity Testing
Cell Sorting
Apoptosis
Cell Cycle Analysis
Cell Viability
Cell Counting
Other Research Applications
Pharmaceutical and Biotechnology
Immunology
Clinical Applications
Cancer
Hematology
Immunodeficiency Diseases
Organ Transplantation
Other Clinical Applications
Industrial Application

Global Flow Cytometry Market, by End-User
Commercial
Research Institutes
Hospitals and Clinics
Academic Institutes

Americas are likely to dominate the global flow cytometry market owing to the presence of a well-established healthcare system, adoption of highly advanced technology and increase in the number of patients suffering from autoimmune diseases in the region and with that the increase in the use of flow cytometry for diagnostics purpose. According to the American Autoimmune Related Diseases Association, more than 50 million Americans are suffering from autoimmune diseases and autoimmune disease is one of the top ten causes of death in women and children.

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The European market is expected to be the second-largest flow cytometry market. The market growth in this region can be attributed to government funding and support to the research and development activities, raising awareness about healthcare diagnostics and increasing cases of cancer patients in the region. Moreover, increasing research and development activities in the pharmaceutical industry is contributing to the growth of the market in this region. For instance, according to the European Federation of Pharmaceutical Industries and Associations, in the year 2015, the European pharmaceutical sector has invested more than USD 33,557 million in research and development activities.

Asia-Pacific is expected to be the fastest-growing flow cytometry market during the forecast period owing to the increasing prevalence of autoimmune diseases, increasing awareness about healthcare and rising investments and collaborative activities in healthcare and expansions by market players in the region. For instance, in June 2017, Beckman Coulter, Inc. entered into extensive distribution agreement with Grifols S.A to expand its diagnostics portfolio.

The market in the Middle East & Africa is expected to account for the smallest share of the global flow cytometry market due to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.

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Flow cytometry is a technique used to identify the characteristics of a cell or a particle using a laser beam. Flow cytometry is used in various research and development activities and it also has applications in medical diagnostics. The growing adoption of new technology, increasing use of flow cytometry in diagnostics, and increasing applications of flow cytometry in pharmaceutical research and development are the major factors driving the growth of the global flow cytometry market.

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Flow Cytometry Market Application, Flow Cytometry Market forecast, Flow Cytometry Market Analysis

 

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