Flow Cytometry Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2032
The Global Flow Cytometry Market is expected to enjoy a lucrative growth opportunity with an expanded CAGR of 7.4% from 2022 to 2032. The global market is anticipated to reach a valuation of US$ 5.6 Billion by the end of the year 2022 and reach an estimation of nearly US$ 11.4 Billion by the year 2032. According to the reports conducted by Future Market Insights on the flow cytometry market, the reagents, consumables & accessories are leading the market by product, with a share of about 44.3% in the year 2021, within the global market.
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Global flow cytometry is expected to become even more vital in medicine because of high-throughput quantitative analysis, developments in vivo flow cytometry, and assessments of minimal residual diseases.
The demand for flow cytometry is anticipated to surge strong, offsetting any industry margin compressions. The flow cytometry techniques offer impressive diagnostic opportunities in the majority of oncologic and hematologic diseases by providing multiple molecular and cellular knowledge within an individual cell. The flow cytometry market comprises some specific applications of the benchtop, specifically in hematology and oncology areas, in addition to general limitations that have proved lucrative for the said market.
The flow cytometry market share is expected to benefit from surging healthcare spending and increased public awareness. Cell sorting, immunophenotyping, intracellular calcium flux, and cell proliferation assays are a few of the numerous applications of the FASCaliber flow cytometer. This technique accounts for several benefits such as its user-friendliness, which are further projected to boost its demand during the forecasted years. For all the cytometry market participants, this method is increasingly used in clinical studies and research which has opened up a variety of new growth prospects all over the world.
Key Takeaways
A rising number of immunoassay techniques are rapidly being developed including the Accuri flow cytometer attributed to the recombinant antibody technology. Recombinant antibodies are extensively being used during the development of more sophisticated panels that come with affordable flow cytometer prices.
By combining the high specificity and affinity of monoclonal antibodies with recombinant technology, monoclonal antibodies incorporate a stronger ability to detect subtle antigenic alterations and small targets comprising epitope variants, post-translational modifications, and conformational changes.
Furthermore, nowadays it has become very common to change the flow cytometry region in order to avoid clashes with several other antibodies within a flow cytometry panel. By decreasing the high background which commonly takes place when antibodies bind to Fc receptors, recombinant antibodies have reduced the flow cytometry cost. As a result, varieties of market opportunities are now being established by the introduction of recombinant DNA technology for antibody production in flow cytometry.
The development of monoclonal antibodies, fluorescence, and laser technology has managed to diversify by adding new options for developing the best flow cytometers to investigate intracellular compartments for the determination of cellular functionality. In addition to that, the expansion of business over digital distribution channels has proven to be groundbreaking development for several small flow cytometer manufacturers with a limited and dispersed customer base.
Competitive Landscape
Several key companies in the flow cytometry production sphere are witnessing fierce competition and the overall market is highly fragmented due to the presence of local and regional players in the market. In order to expand the consumer base and meet the demands of consumers, the prominent flow cytometry market players are implementing methods such as acquisitions and mergers, collaborations and partnerships, and new product launches.
Key Players Profiled in the Flow Cytometry Market Report
Beckman Coulter, Inc. (Danaher)
Becton Dickinson & Co.
Life Technologies Corporation (Thermo Fisher Scientific Inc.)
Miltenyi Biotech
Luminex Corp.
Merck KGaA
bioMérieux SA
Agilent Technologies
Bio-Rad Laboratories
Apogee Flow Systems Ltd.
Sysmex Partec
Sony Biotechnology
Cytek® Biosciences
Sartorius AG
Hamamatsu Photonics K.K
FURUKAWA ELECTRIC CO., LTD.
Accellix.
Shenzhen Mindray Bio-Medical Electronics Co., Ltd
Key Segments
By Product Type:
Flow Cytometer System
Tradition Flow Cytometer
Cell Sorters
Imaging Flow Cytometers
Acoustic Focusing Cytometers
Next Generation Flow Cytometers
Reagents, Consumables & Accessories
Software
Services
By Application:
Immunophenotyping
Cell Sorting
Cell Cycle Analysis
Apoptosis
Cell Proliferation Assays
Intracellular Calcium Flux
Detection & Sorting of Exosomes
Others
By Usage:
Research Use
Clinical Diagnostics
By End User:
Hospitals
Diagnostic Laboratories
Academic and Research Institute
Biopharmaceutical Companies