Flow Cytometry Market is anticipated to witness a lucrative growth throughout the forecast period owing to increasing adoption of basic flow-cytometry techniques in modern hematology analyzers, availability of easier to use flow cytometers for CD4 testing which can be used at the point of care enhancing market penetration of flow cytometers, and automated sample preparation which enables high throughput screening for drug discovery. Furthermore, development of deoxo-fluors reagents and new antibody development is expected to contribute towards technological advancements in molecular and cellular biology and growing demand for brighter fluorescent dyes and more sensitive assays are further expected to promote the growth of flow cytometry market during the forecast period.
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Technological advancements such as development of high speed clinical grade cell sorters for stem cell research and clinical research, development of mass cytometry techniques, combination of bead and cell-based flow cytometry, shift of flow cytometry from core to individual, standalone laboratories, adoption of multiple laser in multicolor flow cytometers which can simultaneously detect maximum number of cell parameters, and introduction of new reagents for clinical diagnosis and drug discovery are all factors expected to drive demand for flow cytometry instrument market in the next seven years.
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Geographically, flow cytometry instrument market is divided into North America, Europe, Asia-Pacific, Latin America and MEA. North America accounted for the largest market share in 2014 owing to increasing demand of flow cytometry techniques in cancer diagnosis, clinical research, and increasing quality of infrastructure for laboratory research. Asia Pacific region is expected to grow at a significant rate during the forecast period owing to the technological development of emerging economies such China and India.
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This expected growth is attributed for by increasing corporate and government investment in the R&D and life science sector, increasing production and development of vaccines, drugs, & new biologics, expanding treatment for chronic and infectious diseases, and increasing number of diagnostic laboratories in the region. The key participants in the flow cytometry market includes e Biosciences, Miltenyi Biotec, Becton, Life Technologies Corporation Inc., Dickinson and Company, Beckman Coulter Inc, Partec GmbH, Luminex Corporation and EMD Millipore Corporation.
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