Flow cytometry plays a pivotal role in various applications such as cell sorting, counting, protein engineering, and screening heterogeneous cell mixtures. It enables the analysis of cell surface and intracellular molecule expression, characterization of cell types, evaluation of subpopulation purity, and measurement of cell size. With its ability to simultaneously examine multiple parameters for a single cell, flow cytometry is witnessing significant market growth due to its diverse applications and increasing demand for cellular analysis in research, diagnostics, and biotechnology industries.
According to Data Bridge Market Research, the Flow Cytometry Market accounted for a CAGR of 11.3% in the forecast period of 2023 to 2030 and is expected to reach USD 12,250.61 million by 2030 from USD 5,230.25 million in 2022.
“Rising prevalence of chronic diseases”
The rising prevalence and incidence of chronic diseases have created a significant demand for cytometry devices in the market. Companies are investing in research and development to address this growing need. The focus is on developing advanced techniques that enable quick and accurate diagnosis of diseases. As a result, the market is witnessing increased demand for cytometry devices, driving market growth and paving the way for innovative solutions in disease diagnosis and management.
What restraints the growth of the flow cytometry market?
“High cost of flow cytometry instruments”
Flow cytometers provide valuable features for scientific research, but market restraints exist. The wide variety of shapes and sizes can result in higher costs and increased complexity when selecting the right instrument for specific applications. Moreover, upgrades and additional options may incur extra expenses, further adding to the financial considerations researchers must take into account when investing in flow cytometry equipment.
Segmentation: Flow Cytometry Market
The global flow cytometry market is segmented into product, technology, application, end user, and distribution channel.
- On the basis of product, the global flow cytometry market is segmented into flow cytometry instruments, reagents and consumables, software, accessories, and services.
- On the basis of technology, the global flow cytometry market is segmented into cell-based flow cytometry and bead-based flow cytometry.
- On the basis of application, the global flow cytometry market is segmented into research applications, clinical applications, and industrial applications.
- On the basis of end user, the global flow cytometry market is segmented into academic and research institutes, hospitals, pharmaceutical and biotechnology companies, clinical testing laboratories, blood bank, and others.
- On the basis of distribution channel, the global flow cytometry market is segmented into direct tenders, and retail sales.
Regional Insights: North America dominates the Flow Cytometry Market
North America holds a significant market share and revenue in the flow cytometry market due to its technological advancements and widespread adoption of advanced diagnostic applications. The region's dominance is expected to continue during the forecast period, driven by factors such as ongoing technological developments, research and development activities, and the presence of key market players. These factors contribute to the region's leading position in the flow cytometry market.
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Recent Development in Flow Cytometry Market
- In January 2022, Sony Biotechnology, Inc. introduced the CGX10, a closed cell isolation system designed for GMP-compliant cell sorting applications. This innovative technology presented an opportunity for the company to expand its market presence. The system's advancements, including cost-effectiveness, improved accuracy, and portability, are expected to drive future growth by meeting the growing demand for efficient and reliable cell sorting solutions.
The Prominent Key Players Operating in the Flow Cytometry Market Include:
- Sysmex Corporation (Japan)
- Agilent Technologies, Inc. (U.S.)
- BD (Becton, Dickinson and Company) (U.S.)
- Bio-Rad Laboratories, Inc. (U.S.)
- Beckman Coulter, Inc. (U.S.)
- Sony Biotechnology Inc. (U.S.)
- Apogee Flow Systems Ltd. (U.K.)
- Cytek Biosciences (U.S.)
- bioMérieux SA (France)
- Merck KGaA (Germany)
- Elabscience Biotechnology Inc. (China)
- Miltenyi Biotec (Germany)
- Takara Bio Inc. (Japan)
- Thermo Fisher Scientific Inc. (U.S.)
- Q2 Solutions (a subsidiary of IQVIA) (U.S.)
- CellKraft Biotech Pvt. Ltd. (India)
- Sartorius AG (Germany)
- NeoGenomics Laboratories (U.S.)
- Bay bioscience Co., Ltd. (South Korea)
- Cell Signaling Technology, Inc. (U.S.)
- CytoBuoy b.v. (Netherlands)
- ORFLO Technologies (U.S.)
- IKEDA SCIENTIFIC Co., Ltd. (Japan)
- BioLegend, Inc. (U.S.)
- Coherent Corp. (U.S.)
- Enzo Biochem Inc. (U.S.)
- Union Biometrica, Inc. (U.S.)
- Cytonome/ST, LLC (U.S.)
- Stratedigm, Inc. (U.S.)
- NanoCellect Biomedical (U.S.)
- BennuBio Inc. (U.S.)
- Nexcelom Bioscience LLC (U.S.)
- On-chip Biotechnologies Co., Ltd. (Taiwan)
- Enzo Biochem Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of flow cytometry market companies contact, https://www.databridgemarketresearch.com/ko/contact
Research Methodology: Global Flow Cytometry Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
