Flow Cytometry Market Growth Factors, Latest Rising Trends Forecast to 2028
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Cell-based Flow Cytometry Segment to Dominate the Flow Cytometry Market:
The cell-based flow cytometry segment is expected to account for a larger revenue share in the global flow cytometry market, with a value share worldwide. It is projected to grow at 8.6% CAGR between 2022 and 2028. Due to the ability to assess compound activity against molecular targets while surrounded by living cells, cell-based flow cytometry is employed more frequently in drug discovery. The market for cell-based flow cytometry is expanding due to the accessibility of automated technologies like high-throughput flow cytometry for cell-based screening.
Asia Pacific Flow Cytometry Market:
The Asia Pacific market is expected to increase in the global flow cytometry market over the forecast period. It is projected to grow at a CAGR of 9.1% in the coming years. The significant expansion of the pharmaceutical and biotechnology sectors in developing nations like China and India is responsible for this tremendous growth. The lucrative increase in this region has also benefited from ongoing government assistance with developing the pharmaceutical sector in developing nations. The market for flow cytometry products in the region is also predicted to increase dramatically due to ongoing R&D efforts in the fields of cancer and infectious illnesses, such as COVID-19. Additionally, throughout the forecast period, market expansion in the region is anticipated to be supported by significant research efforts by regional players to advance or develop cutting-edge flow cytometry solutions.
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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global flow cytometry market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In August 2021, Becton, Dickinson and Company launched a new benchtop cell analyzer, BD FAC Symphony A1 Cell Analyzer. The fluorescence-activated cell analyzer is expected to equip laboratories of all sizes with sophisticated flow cytometry capabilities.In June 2021, Thermo Fisher Scientific introduced Invitrogen Attune CytPix Flow Cytometer, an imaging-enhanced flow cytometer that combines acoustic focusing flow cytometry technology with a high-speed camera.
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Based on the product, the market is segmented into the following:
• Reagents & Consumables
Based on the technology, the market is segmented into the following:
Based on the application, the market is segmented into the following:
Based on the end-use, the market is segmented into the following:
• Commercial Organizations
• Academic Institutes
• Clinical Testing Labs
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