Global Flow Cytometry Market: Snapshot

Flow cytometry is an impedance or laser based biophysical technology which has applications in several fields such as protein engineering, biomarker detection, cell sorting, cell counting, cell analysis, etc. The global flow cytometry market was valued approximately US$ 3,072 Mn in 2016 and is anticipated to register CAGR of 11.0% from 2017 to 2025 to reach value of approximately US$ 8100 Mn by 2025. The reagents & consumables segment are likely to fuel expansion of the global flow cytometry market from 2017 to 2025.

Flow cytometry analyzes fluid by suspending fluid in the light beam or laser beam. Cell components in the fluid are fluorescently labeled and then they are passed through beam which later on excited by the laser to emit light at diversified wavelengths. The fluorescence lights help to determine various properties of single particles and cells from different wavelengths. Flow cytometer analyzes up to thousands of particles per second as the beam passes through the liquid stream. Flow cytometry includes several products and services such as reagents & consumables, flow cytometry instruments, software’s and services. Reagents & consumables are useful for the perfect run of the flow cytometry instruments. Several reagent kits are available in market for specified application of fluorescence tagged antibodies used in several fields in industries and researches. Reagents & consumables includes clinical diagnostic reagents, fluorescent dyes & labeling, immunochemical reagents, sourcing reagents and amongst others. Demand of flow cytometry in the diagnosis of systemic diseases has increased in past decades. Growing prevalence of chronic diseases such as cancer, immunological diseases such as HIV/AIDS, hematological diseases and amongst others driving the flow cytometry market growth. However competition from image analyzer & scanning cytometers and lack of awareness are some restraints in the market growth.

global flow cytometry market

Flow cytometry market is in the growth stage. Key market players such as, Becton, Dickinson and Company, Merck KGaA, Beckman Coulter, Inc. (Danaher Corporation) and Thermo Fisher Scientific have strong presence in the global flow cytometer market. Established players continuously focus on increasing their research and development activities to come up with new products and attract more number of customers by offering innovative and technologically advanced products. For example, in 2016, Becton, Dickinson and Company spent US$ 828 Mn on research and development (31% higher than that in 2015). The company majorly invests its research and development for the development of flow cytometry instruments. In addition, rise in usage flow cytometry instruments offer ample business opportunities for the development of cutting edge technologies that promote credibility and encourage product uptake. Thus, rigorous investment in research and development activities for new product development and enhancement of existing product portfolio would help the key players to retain and enhance their share in the global flow cytometry market

The global flow cytometry market has been segmented based on technology, product & services, application, end-user, and geography. Among technology, bead-based segment is projected to lead the market and is expected to continue its dominance during the forecast period followed by cell-based segment. Bead-based flow cytometry is advanced technique for the cell sorting, cell analysis. Market of the segment is increasing due to the preference by the researchers in the developed countries. Among product & services, flow cytometry instruments segment was the leading revenue generating segment in 2016 and it is likely to continue its dominance during the forecast period. Software segment of indication is likely to lose its market share during the forecast period. Pharmaceutical & drug discovery segment is expected to continue its dominance in application segment in 2025. Among various, end-user, hospitals & diagnostic labs was the leading distribution channel in 2016 and is likely to account for leading share during the forecast period.

Geographically, North America captured lion’s share of global flow cytometry market in 2016. Increase government initiatives in research studies for the prevalence of disease boosting the market growth in the U.S. Asia Pacific market is projected to gain market share during the forecast period and is likely to be key revenue generator in the coming years. Increased prevalence rate of cancer and HIV in country increasing use of flow cytometry in drug discovery and development driving the market growth in Brazil, South Africa Saudi Arabia, etc. is likely to boost market growth in Latin America and Middle East & Africa.

Key companies operating in the global flow cytometry market and profiled in the report include Sysmex Partec GmbH, Bio-Rad Laboratories, Inc., Becton, Dickinson and Company, Merck KGaA, Thermo Fisher Scientific, Inc. among others. These players are adopting advanced techniques in development of flow cytometry products to expand their product offerings, strengthen their geographical reach, increase customer base and garner market share. For instance, In January 2018, Cancer Genetics, Inc. announced to expand its immuno-oncology (IO) panel to new advanced IO panel as Complete::IO (include 5 new IO markers), by using most all-inclusive flow-cytometry-based biomarker panel of the industry. In another instance, In October 2017 Sysmex America Inc. introduced CyFlow Antibodies for the application in clinical flow cytometry.

Global Flow Cytometry Market: Overview

Flow cytometry analyzes fluid by suspending fluid in the light beam or laser beam. Cell components in the fluid are fluorescently labeled and then they are passed through beam which later on excited by the laser to emit light at diversified wavelengths. The fluorescence lights help to determine various properties of single particles and cells from different wavelengths. Flow cytometer analyses up to thousands of particles per second as the beam passes through the liquid stream. Continuous advancements in molecular diagnostics, monoclonal antibodies, lasers and software. Moreover growing demand for understanding of immunologic regulating systemic diseases and increase in adoption rate by healthcare facilities are some major factors driving the growth of the market.

Global Flow Cytometry Market: Key Segments

Flow Cytometry market has been segmented into technology, product & services, application, end-user, and geography. Based on technology, the flow cytometry market has been segmented into cell-based and bead-based. On the basis of product & services the market has been segmented into reagents & consumables, flow cytometry instruments, software and services. Flow cytometry instruments segment has been further classified in to cell analyzers and cell sorter. On the basis of application, the market has been segmented into pharmaceutical & drug discovery, diagnostics and others. On the basis of end-user, the market has been segmented into hospitals & diagnostic labs, academic & research institutions and others.  On the basis of geography, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

The research is a combination of primary and secondary research, conducted for understanding and arriving at trends, used to forecast the expected revenue of the flow cytometry market in the near future. Primary research formed the bulk of our research efforts with information collected from in-depth interviews and discussions with a number of key industry experts and opinion leaders. Secondary research involved study of company websites, annual reports, press releases, investor presentations, analyst presentation and various international and national databases. The report provides estimated market size in terms of US$ Mn for technology, product & services, application, end-user, and geography for the period 2015 to 2025, considering the macro and micro environmental factors. The revenue generated from each technology, product & services, application and end-user was calculated by considering the Flow Cytometry market product sales.

The market report comprises an elaborated executive summary, which includes market snapshot that provides information about various segments of the market. It also provides information and data analysis of the market with respect to market segments based on technology, product & services, application, end-user, and geography. The market overview section of the report analyzes market dynamics such as drivers, restraints and opportunities that influences flow cytometry market in the current and future scenario. The report also provides Porter’s five forces analysis, the acquisitions timeline of the Flow Cytometry market companies, SWOT analysis of the market, regulatory scenario, and comparative analysis of the Flow Cytometry market policies.

Companies Mentioned in Report

Market share analysis among the market players is analyzed to signify the contribution of these players in the market in terms of percentage share. All these factors will help the market players to decide about the business strategies and plans to strengthen their positions in the global market. Based on geography, the market has been analyzed for major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The study also covers detailed country analysis contributing majorly in the Flow Cytometry market.

The report also profiles the major players in the market and provides various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments. Companies profiled in the Flow Cytometry market report are Sysmex Partec GmbH, Bio-Rad Laboratories, Inc., Becton, Dickinson and Company, Merck KGaA, Thermo Fisher Scientific, Inc., Beckman Coulter, Inc (Danaher Corporation), Agilent Technologies, Inc., Bio-Techne., Alere, Inc., Miltenyi Biotec GmbH.

The Flow cytometry Market has been segmented as follows:

  • Flow cytometry Market, by Technology
    • Cell-based
    • Bead-based
  • Flow cytometry Market, by Product & Services
    • Reagents & Consumables
    • Flow Cytometry Instruments
      • Cell Analyzers
      • Cell Sorters
    • Software
    • Services
  • Flow cytometry Market, by Application
    • Pharmaceutical & Drug Discovery
    • Diagnostics
    • Others
  • Flow cytometry Market, by End-User
    • Hospitals & Diagnostic Labs
    • Academic & Research Institutions
    • Others
  • Flow cytometry Market Revenue, by Geography
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • Spain
      • France
      • Italy
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of LATAM
    • Middle East and Africa
      • GCC Countries
      • South Africa
      • Israel
      • Rest of MEA