The global flow cytometry market is expected to exhibit
strong growth on account of advancements in cellular analysis technologies and
wide applications in disease diagnostics and research. Flow cytometry allows
identification, counting, and characterization of cells through their physical
and chemical properties and has gained widespread adoption across segments
ranging from clinical to research. The technology utilizes laser-based
fluorescence detection to enable multiparameter analysis of cells in suspension
at a higher throughput compared to traditional methods. Key advantages include
multiparameter analysis at a single-cell level, high-speed processing, and the
ability to identify and enumerate multiple phenotypic markers present on
individual cells or particles.
The Global flow cytometry market is
estimated to be valued at US$ 245.0 Mn in 2024 and is expected to exhibit a
CAGR of 14% over the forecast period from 2024 to 2031.
Advancements in
Flow
Cytometry Market Trends instruments, reagents, and software have
enabled wider applications in disease diagnostics, immunophenotyping, cell
sorting, and stem cell research. Growing demand for effective diagnostic
technologies and expansion of application areas in pharmaceutical and biotechnology
industries are expected to drive the adoption of flow cytometry.
Key Takeaways
Key players operating in the flow cytometry market are Google Inc., Apple Inc.,
Rethink Robotics, BAE Systems, Narrative Science Inc., Creative Virtual Ltd.,
Microsoft Corporation, Digital Reasoning Systems, Inc., and IBM Corporation.
These players are focusing on new product launches and strategic collaborations
to expand their market share.
The growing incidence and prevalence of chronic and infectious diseases is
expected to augment the demand for flow cytometry in disease diagnostics and
monitoring. Advancements in disease understanding are further extending the
application of flow cytometry in targeted disease diagnosis.
Global expansion of key players and increasing R&D investments by
pharmaceutical and biotechnology companies in immunology and stem cell research
are also expected to support the growth of the flow cytometry market during the
forecast period.
Market Key Trends
One of the key trends gaining traction in the flow cytometry market is the
development of microfluidic chip-based flow cytometers. These instruments
utilize microfluidic chip technology to enable compact size, portability, and
reduced reagent consumption compared to conventional flow cytometers.
Advancements in microfluidics and smartphone-based detection are supporting the
development of point-of-care flow cytometry systems with wider accessibility.
Growing adoption of such devices is expected to unlock new opportunities,
especially in decentralized healthcare settings.
Porter’s Analysis
Threat of new entrants: New entrants need large capital investments for R&D
and manufacturing.
Bargaining power of buyers: Many small- and medium-sized
buyers have limited bargaining power against large suppliers and producers.
Bargaining power of suppliers: Suppliers of flow cytometry
instruments have some bargaining power due to high switching costs for buyers.
Threat of new substitutes: No significant threat of new
substitutes as flow cytometry has strong applications in research, clinical
diagnosis, and medical treatment.
Competitive rivalry: Intense competition exist among major
players to expand their product portfolios and geographic reach.
Geographically, North America holds the largest market share currently. This is
due to high healthcare spending, strong funding support for research
activities, rising prevalence of chronic and infectious diseases, and growing
focus on improving quality of diagnostics. Asia Pacific is anticipated to grow
at the fastest rate during the forecast period. This is attributed to
increasing healthcare expenditure, large patient pool, growing awareness about
flow cytometry applications, and improving research infrastructure in countries
such as China and India.
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Insights on- Flow
Cytometry Market
About
Author:
Money
Singh is a seasoned
content writer with over four years of experience in the market research
sector. Her expertise spans various industries, including food and beverages,
biotechnology, chemical and materials, defense and aerospace, consumer goods,
etc. (https://www.linkedin.com/in/money-singh-590844163)
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