Flow Cytometry Market Evolving Technology in Medical Sector and Growth Outlook 2021 to 2026 - Becton, Dickinson and Company, Bio-Rad Laboratories

Global Flow Cytometry Market Size and Forecast to 2021 – 2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide a detailed description of the value chain and its distributor analysis. This Market study provides comprehend Flow Cytometry data that enhances the understanding, scope, and application of this report.

The study includes market share analysis and profiles of players such as Becton, Dickinson and Company, Danaher (Beckman Coulter), Merck KGaA, Bio-Rad Laboratories, Luminex Corporation, Miltenyi Biotech, Sysmex Partec GmbH, Agilent Technologies, ThermoFisher Scientific, Sony Biotechnology Inc., BioMerieux S.A.

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The global flow cytometry market was valued at approximately USD 4,150 million in 2020 and it is expected to reach USD 6,682 million by 2026, registering a CAGR of nearly 8.1% during the forecast period.

Industry News and Update:

In 2019, Agilent technologies introduced its new product from recently acquired ACEA Biosciences, at the 34th Congress of the International Society for Advancement of Cytometry, CYTO 2019 Congress, being held June 2019 in Vancouver, Canada. The Agilent NovoCyte Advanteon Flow Cytometer is one of the most sensitive cell analyzers available on the market. Flow cytometers are integral to basic research, drug discovery, and clinical diagnostics. In the coming years, few other players are expected to enter the market, which may fuel the market growth

Market Trends:

Stem Cell Therapy is Expected to Hold the Largest Market Share by Application

Flow cytometry is required to identify, characterize, and isolate stem cells for research and activities due to their ability to rapidly perform quantitative measurements on single cells, within a heterogeneous cell population.

Stem cell-based therapies are being suggested to reduce or treat COVID-19. Several companies and universities are involved in research studies associated with stem cells. For instance, in August 2020, the University of Minnesota Institute used mesenchymal stem cells (MSCs) for the patients affected by COVID-19 and lung failure. Thus, the rising research activities in this field will drive the demand for flow cytometers.

The major factors responsible for the large market share include the extensive use of flow cytometry for effective diagnosis and early detection of numerous diseases that have helped the market to gain immense shares. The growing market penetration in stem cell research, adoption of recombinant DNA technology for antibody production, and evolution of tandem flow cytometry technologies are expected to offer growth opportunities for the key players operating in the flow cytometry market.

Market Segmentation:

By Types:

Cell-Based Flow Cytometry
Bead-Based Flow Cytometry

By Applications:

Academic & research institutes
Hospitals & clinical testing laboratories
Pharmaceutical & biotechnology companies

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Regional Analysis:

North America Dominates the Market and is Expected to Continue its Lead over the Forecast Period

North America is expected to dominate the flow cytometry market and is projected to continue over the forecast period. In addition, the rising focus of companies in the expansion of novel products that are anticipated to offer new growth opportunities, which may propel the market growth.

In the North American region, the united states hold the major share, this is mainly due to the factors such as the increasing burden of cancer. According to the National Cancer Institute data In 2020, an estimated 1,806,590 new cases of cancer will be diagnosed in the United States and 606,520 people will die from the disease. The common cancers in the United States are breast cancer, lung cancer, prostate cancer, colon and re-tum cancer, bladder cancer, and skin cancer

The study objectives of this report are:

To study and analyze the global Flow Cytometry size (value and volume) by the company, key regions/countries, products and application, history data from 2020 to 2025, and forecast to 2026.
To understand the structure of Flow Cytometry by identifying its various sub-segments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Flow Cytometry manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
To analyze the Flow Cytometry with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Flow Cytometry submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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