Flow Cytometry Market 2021-2028: Capital Investment, Industrial Output, Outlook and Forecast

Flow Cytometry Market Report 2021 added recently by CMI, evaluates the industry in terms of market size, market share, revenue estimation, and geographical outlook. The study also delivers a precise summary that illustrates the competitive milieu, growth opportunities and application landscape of the Flow Cytometry depending on the industry's financial and non-financial impact. The complete range of information related to the Global Flow Cytometry Market is obtained through various sources and this obtained bulk of the information is arranged, processed, and represented by a group of specialists through the application of different methodological techniques and analytical tools such as SWOT analysis to generate a whole set of trade-based study.

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Flow cytometry is a laser-based biophysical technology employed in protein engineering, biomarker detection, cell sorting, and cell counting. It is required to a conduct study related to the blood. Flow cytometry analyzes the chemical and physical characteristics of the particles present in the blood. It is used to diagnose health disorders such as HIV and cancer along with several applications in basic research, clinical trials, and clinical practice. Flow cytometry is widely used for evaluating peripheral blood, bone marrow, and other body fluids. Moreover, it provides rapid analysis of multiple characteristics of single cells. The process finds application in microbiology, immunology, hematology, cytology, and among other research fields.

The increasing prevalence of chronic diseases worldwide and the need for rapid, accurate, and sensitive prognosis techniques for disease validation are expected to propel the growth of the flow cytometry market. According to the World Health Organization (WHO), chronic diseases are the leading cause of death worldwide. Moreover, increasing technological advancements (as flow cytometry is quite an unexplored field) and the introduction of advanced methods such as improved cell sorting, higher resolution, rapid detection, and multifunctional analysis, ensuring enhanced efficiency in identifying and characterizing novel drugs are also expected to augment the market growth.

For instance, in 2017, the United States Food Drug and Administration (FDA) approved the use of a flow cytometer in the detection of lymphoma and leukemia cancer (blood cancer). In 2019, about 76,200 Americans were expected to be diagnosed with myeloma, lymphoma, or leukemia cancer, according to the Leukemia and Lymphoma Society. Moreover, in 2020, around 60,530 people are expected to be diagnosed with leukemia. Furthermore, the growing prevalence of cancer and HIV are expected to foster the flow cytometry market growth.

The rise in the development of new products is expected to create significant opportunities for the key players operating in the market. For instance, in 2019, Agilent Technologies launched the Agilent NovoCyte Advanteon flow cytometer at the International Society for Advancement of Cytometry. In terms of geography, the flow cytometry market is divided into six regions, such as North America, Europe, Asia Pacific, South America, the Middle East, and Africa. Key players are focused on launching technologically advanced products in the market. For instance, in 2019, Becton, Dickinson and Company (BD) launched BD an automated flow cytometer, FACSDuet to improve their efficiency by reducing errors. Furthermore, in April 2018, Merck launched a compact, customizable flow cytometer, CellStream Benchtop.

Competitive Analysis:

The key players are highly focusing on innovation in production technologies to improve efficiency and shelf life. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in optimal strategies. Some of the players are Becton Dickinson and Company, General Electric Company, Luminex Corporation, Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., Miltenyi Biotec GmbH, Merck & Co Inc., Sysmex Corporation, Agilent Technologies, Inc., and Danaher Corporation.

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What’s in the offering:

The research study evaluates the overall size of the Flow Cytometry Market, by making use of a bottom-up approach, wherein data for different industry verticals, and end-user industries and its applications across various product types have been recorded and predicted during the forecast period. These segments and sub-segments have been documented from the industry specialists and professionals, as well as company representatives, and are outwardly validated by analyzing previous years’ data of these segments and sub-segments for getting an accurate and complete market size.

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