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Unveiling the Dynamics of the Global Flow Cytometry Market: Analysis of Market Size Reaching USD 10.49 Billion, Projected to Grow at a Remarkable CAGR of 7.47% During the Forecast Period from 2023 to 2032

03-18-2024 02:07 PM CET | Health & Medicine

Press release from: Market Research Future (MRFR)

/ PR Agency: Market Research Future
Flow Cytometry Market

Flow Cytometry Market

Market Overview:

Flow cytometry, a powerful technique for analyzing the characteristics of cells, The Flow Cytometry Market size was valued at USD 5.10 billion in 2022 and projected to grow from USD 5.48 billion in 2023 to USD 10.49 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.47% during the forecast period (2023 - 2032). This growth is attributed to the increasing prevalence of chronic diseases, advancements in technology, and the expanding applications of flow cytometry across various fields such as immunology, oncology, and stem cell research.

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The global flow cytometry market is poised for significant expansion, driven by the rising demand for accurate and high-throughput cell analysis solutions. With the advent of multiparameter flow cytometers and innovations in reagents and software, flow cytometry has become an indispensable tool in both research and clinical settings.

Competitive Landscape:

Key Companies in the Flow Cytometry Market includes.

Thermo Fisher Scientific, Inc. (US)
Beckman Coulter, Inc. (US)
Becton, Dickinson, and Company (US)
Agilent Technologies, Inc. (US)
Sartorius AG (Germany)
Miltenyi Biotec (Germany)
Cytek Biosciences, Inc. (US)
Sysmex Corporation (Japan)
Bio-Rad Laboratories, Inc. (US)
Luminex Corporation (US)
Market Segmentation:

The global flow cytometry market has been segmented based on component, technology, application, and end user.

On the basis of component, the global flow cytometry market is segmented into cytometry platform, accessories, reagents and consumables, software, and services. Further, the cytometry platform has been bifurcated into cell sorters and cell analyzers; accessories have been further segmented into filter, laser, detectors, and others; and reagents and consumables have been segmented into antibodies, dyes, beads, solution, buffer, and others.

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Based on technology, the global flow cytometry market is segmented into bead based flow cytometry and cell based flow cytometry. The cell based flow cytometry segment accounted for the largest market in 2022, and bead based flow cytometry is anticipated to be the fastest-growing for the forecast period of 2023-2032

Based on end user, global flow cytometry market is segmented into hospitals & clinics, commercial organizations, medical schools and clinical labs, research institutes, and others. The hospitals & clinics segment accounted for the largest share in 2022 and commercial organizations is the fastest-growing segments during the forecast period. In hospitals and clinics, flow cytometry shines its spotlight in diagnosing cancers, analyzing immune responses, and monitoring treatment effectiveness.

Market USP (Unique Selling Proposition):

The USP of the flow cytometry market lies in its ability to provide rapid, multiparameter analysis of cells at the single-cell level. This enables researchers and clinicians to unravel complex biological processes, characterize cell populations, and elucidate disease mechanisms with unprecedented precision. Additionally, the versatility of flow cytometry platforms allows for customization according to specific research objectives, facilitating innovation and discovery across various scientific disciplines.

Regional Insights:

The global flow cytometry market, based on region, has been divided into North America, Europe, Asia-Pacific, and Middle East & Africa. North America further includes US and Canada. Europe includes countries namely Germany, France, UK, Italy, Spain, and the Rest of Europe. The global flow cytometry market in Asia-Pacific has been segmented into China, India, Japan, South Korea, Australia, and the Rest of Asia-Pacific. Moreover, the Rest of the World comprises of Middle East, Africa, and Latin America.

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North America held the largest market share in terms of revenue in 2022 for its cutting-edge technology. Cutting-edge instruments and innovative reagents fueled its market lead and also, it focuses on advanced technologies like high-speed cell sorters and multispectral analysis powered market growth. Moreover, the launching of novel developments also aids the growth of the studied industry in the region. For instance, in June 2021, Thermo Fisher Scientific introduced the Invitrogen Attune CytPix Flow Cytometer. It is a flow cytomuse with imaging capabilities that uses a high-speed camera and acoustic focusing flow cytometry technology. Users may obtain high-performance fluorescent flow cytometry data from cells while also taking high-resolution brightfield photos with the Attune CytPix. This allows them to compare photos to flow cytometry data in order to better comprehend the form and quality of the cells.

Furthermore, the Asia-Pacific flow cytometry region market is the fastest growing and present lucrative growth opportunities for the global market due to booming pharma and biotech in regions like China and India. Rising chronic diseases and expanding applications for cytometry devices fuel the industry. Advancements in cancer, infectious diseases (including COVID-19), and regional research initiatives further propel the market. China, with its rising research interest in multidisciplinary cytometry, and Australia's R&D growth, are key countries driving regional expansion.

The Rest of the World region is comprised of the Middle East, Africa, and Latin America. The rest of the world's flow cytometry market is fueled by rising government support, public-private partnerships, and increased funding. In regions like Mexico, where leishmaniasis cases are spiking, flow cytometry plays a crucial role in determining a patient's prognosis due to new assays for diagnosis and therapy resistance. With the growing leishmaniasis population, as highlighted in a December 2022 Tropical Medicine and Infectious Disease article, demand for flow cytometry for prognosis is poised for significant expansion.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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