Flow Cytometry Market to Reflect Impressive Growth by Worldwide Top Key Players – Danaher Corporation (Beckman Coulter), Becton, Dickinson and Company, EMD Millipore, Sysmex Corporation, Affymetix Inc. and more

The Flow Cytometry Market is expected to reach $ 6.5 billion by 2020, growing at an average annual rate of 30.9% between 2020 and 2022, Clinical and diagnostic organizations must adopt innovative technologies as the need to improve precision devices and produce faster results increases and the need for smaller devices increases.

Although it has gained popularity in the life sciences industry, the cost of the instrument is hampering growth. Because of this, many researchers are still reluctant to adopt this technology in research technology. In addition, the advanced technology that brought complex instrumentation requires highly skilled individuals to use these instruments.

The flow cytometry market is in the development stage. The increased precision of results and the presence of numerous flow cytometry techniques, such as multicolor and multi-parameter flow cytometry, have provided a strong foothold to support the growth of the majority of developed countries and anticipate high potential in emerging economies Asia Pacific and Africa.

These economies are demanding better health care technology at a reasonable cost. Population growth, which requires an increase in chronic diseases and an increase in patients requiring better diagnosis and treatment, is a major factor influencing the flow cytometry market conditions, AMR analysts Debbie Shields and Rohini Patil.

North America accounted for the largest share of revenue i.e. 43.5% of the overall Global flow cytometry market at $1.2 billion in 2011. The region is further expected to attain a market size of $2.8 billion by 2020 growing at a CAGR of 10.1%.

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The company profile in this includes:
• Advanced analytical Technologies Inc.
• Merck Millipore
• Becton
• Dickinson & co
• Beckman Coulter
• eBioscience
• Partech
• Life technologies corp.
• Luminex Corp
• Amnis Corp.
• Morphosys AG.

The primary strategy employed by key players of the market is products launch, which is due to demand for newer, faster, and higher through put machines that deliver better results.

Immunotyping and signal transduction, for example, have been playing a significant role in medical diagnostics. However, conventional technologies used, have limited the accuracy and impacted the result deliverance time of the diagnosis performed. Improving therapeutic scenario is equally attracting focus on early diagnostic tools. Currently, many cancer types have various treatment options; however, this depends on the time of diagnosis and the stage of the cancer.

Flow cytometry has been one of the most prevalent technologies which offer solutions for most of the problems discussed above. Key factors restraining the market include high instrument costs and size, lack of awareness among probable users and need for trained personnel. Most of the users are not aware of the advanced development in the flow cytometry technology and believe that the instruments are space consuming, complex in use and are of high cost, thus affecting the market growth.

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The global market for flow cytometry is divided into segments such as products, technology, end users, and applications. Instruments market accounts for the largest share of revenue in the flow cytometry market at present and is expected to remain as the highest revenue generator in 2020.

Increase in modularity, accessibility, incorporation of imaging capabilities, availability of wavelengths and targets and size reduction are a few of the significant trends in the market assisting in the adoption of the instruments by the end users.

On the other hand, reagents market is expected to experience the highest growth rate of CAGR 12% during the analysis period. A Primary reason escalating this segment is availability of several types of reagents that find diverse usability depending on specific applications like diagnostics, drug discovery, etc.

Two technologies are implemented in flow cytometry based research and diagnosis, namely cell based and bead based technologies. In the present scenario as well as throughout the analysis period, cell based technique is leading the market in terms of revenue generation. However, bead based technique is expected to beat this technology in terms of adoption rate by 2020.

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