Flow Cytometry Market Scenario
The global flow cytometry market 2020 is poised to mature during the forecast period (2018–2023) at a CAGR 11.5%.
Factors responsible for market development are the growing usage of flow cytometry in diagnosis, the increasing use of flow cytometry in healthcare testing, and the introduction of new technologies. Additionally, the growing prevalence of HIV / AIDS and cancer cases lead to market growth.
The high cost of flow cytometry equipment and reagents, lack of knowledge of flow cytometry applications and lack of technicians, will impede market growth during the evaluation period.
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Flow Cytometry Market Segmentation
The global flow cytometry market has been segmented based on products & services, technology, application, and end-user.
Based on products & services, the market has been classified as flow cytometry instruments, reagents and consumables, software, services, and accessories. Moreover, the flow cytometry instruments segment has been further bifurcated into cell analyzers and cell sorters.
The market, based on the technology, has been bifurcated into cell-based flow cytometry and bead-based flow cytometry.
The application segment has been divided into clinical applications, research applications, and industrial applications. The research applications segment has been bifurcated into pharmaceutical and biotechnology and immunology. The pharmaceutical and biotechnology sub-segment has been segmented into stem cell research, drug discovery, and in vitro toxicity testing. Additionally, the immunology segment has been sub-segmented into cell counting, apoptosis, cell sorting, cell cycle analysis, cell viability, and other research applications. The clinical applications segment includes organ transplantation, hematology, cancer, immunodeficiency diseases, and other clinical applications.
The market, by end-user, has been segmented into hospitals and clinics, research institutes, commercial, and academic institutes.
Flow Cytometry Market Regional Summary
The market has been segmented, based on the region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
Due to the prevalence of a well-established healthcare network, the introduction of technologically advanced technologies and the increase in the number of patients suffering from autoimmune diseases in the world, the Americas are expected to lead the global flow cytometry market and hence the growth in the usage of flow cytometry for diagnostic purposes. More than 50 million Americans suffer autoimmune disorders, and autoimmune disease is one of the top ten causes of mortality among women and infants, according to the American Autoimmune Related Disorders Association.
The European market is projected to be the second-largest demand for flow cytometry. Business growth in this region can be due to government investment and encouragement for research and development programs, raising awareness of treatment in health care, and growing the region’s cancer cases. Also, scaling up research and development activities in the pharmaceutical industry lead to market growth in this field. For example, according to the European Federation of Pharmaceutical Industries and Associations, the European pharmaceutical industry has spent more than USD 33.55 billion in R&D activities in 2015.
Asia-Pacific is projected to be the fastest-growing cytometry flow market in the forecast period due to the rising prevalence of autoimmune disorders, increased understanding of healthcare and increased investments, and joint healthcare initiatives and industry player expansions in the region. Beckman Coulter, Inc., for example, signed a comprehensive distribution agreement with Grifols S.A in June 2017 to extend its diagnostics portfolio.
Due to underdeveloped healthcare, lack of technological expertise, and inadequate medical services, the Middle East & Africa market is projected to account for the smallest share of the global flow cytometry market.
Flow Cytometry Market Competitive Dashboard
Some of the eminent players in the flow cytometry are Agilent Technologies, Beckman Coulter, Inc., Miltenyi Biotec, Dickinson and Company., Danaher., Thermo Fisher Scientific, Bio-Rad Laboratories, Inc., Merck KGaA, Luminex Corporation., Sysmex Partec GmbH, Inc., Sony Corporation, Biomérieux S.A., Becton, and Enzo Biochem Inc.
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