19 November 2019 - Flow Cytometry Market size was
estimated at USD 3.27 billion in 2016 and is anticipated to grow at CAGR of
10.6% in coming years. Key drivers of this market include increasing incidence
of chronic disorders that requires toxicity testing for cancer tests and need
for quick, accurate and sensitive prognosis techniques for the validation of disease.
Increasing awareness levels amongst healthcare experts and
patients coupled with rising healthcare expenditures are major factors driving
the growth. Furthermore, related benefits of cell-based assays including
development in reagents and software employed for the study, ease-of-use and
high sensitivity and reproductively are some other elements anticipated to
boost the growth in coming years.
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This technology is used in industrial sectors, research and
clinical diagnosis. Research segment held leading position in 2016 due to
increasing R&D for cancer and other infectious diseases diagnosis and
treatment. Flow cytometry has applications even in some other industries
including plant tissue culture and food microbiology.
Clinical diagnosis is anticipated to be the fastest growing
application segment by the year 2025. This growth is boosted by elements such
as rising demand for cost-effective disease diagnostic tools and related
advantages of these assays in disease detection.
End-use Insights
The commercial organization segment dominated the industry
due to extensive applications in various verticals including plant cell
culture, food microbiology and blood banks. The entry of reagents and multiplex
probes for definite usage in diagnostics and discovery of drug is anticipated
to benefit this vertical accompanied with development opportunities by offering
the users in research and small- scale peripheral laboratories.
Hospitals are anticipated to grow at remunerative CAGR owing
to rising number of diagnostic tests required by increasing prevalence of
infectious and chronic diseases, beneficial and supportive reimbursement
policies and rising awareness among patients.
Market Segment:
Global Flow Cytometry
Application Outlook (Revenue, USD Million, 2014 - 2025)
• Cell-based
• Bead-based
Global Flow Cytometry
Product & Services Outlook (Revenue, USD Million, 2014 - 2025)
• Instruments
• Reagent
& consumables
• Software
• Accessories
• services
Global Flow Cytometry
Application Outlook (Revenue, USD Million, 2014 - 2025)
• Research
•
Pharmaceutical
• Drug
discovery
• Stem
cells
• In
vitro toxicity
•
Apoptosis
• Cell
sorting
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Regional Insights
North America held leading position in 2016 owing to the
availability of solicitous government initiatives for the growth of enhanced
technologies pertaining to molecular diagnostics. Furthermore, presence of
skilled experts and larger awareness levels are the other factors expected to
drive the growth in regional market.
Asia Pacific is speculated to demonstrate lucrative growth
over the forecast period due to rising solicitous government aid for the
biotech industry growth. The economic development, increasing patient awareness
level, persistently advancing healthcare infrastructure and presence of
untapped opportunities are the factors contributing towards the fast growth in
this region.
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