Published: Jun, 2018
In the somewhat consolidated global flow cytometry market, the top three companies accounted for a substantial 50.0% in 2016. Their names are Dickinson and Company (BD), Beckman Coulter, Inc. (Danaher), and Becton, Merck & Co., Inc. The players have banked majorly on product development to establish a solid stronghold over the market.
A recently published report by Transparency Market Research on the market for flow cytometry reveals that savvy players are expending considerable sums on building superior products such as those outfitted with infrared and ultraviolet sensors. To increase their share in the market, such players are not just adding to their product portfolios but also trying to expand geographical outreach by entering into partnerships and acquisitions.
According to the report, the global market for flow cytometry will likely rise at a healthy CAGR of 11.0% over the course of the forecast period starting from 2017 and ending in 2025. Rising at this pace, the market’s estimated valuation would reach US$8100 mn by 2025.
Depending upon the type of product and service, the segment of flow cytometry instruments accounts for a leading market share and in the near future too is expected to hold on to it owing the usage of advanced models for target-based drug discovery. Coming to the geographical segments, North America holds a considerable share in the market. This is primarily because of the rising research and development initiatives by the government in the region. The U.S. is said to be mainly powering the North America market.
Ability to Detect Systemic Ailments Drives Demand for Flow Cytometry
Flow cytometry is a commonly used laser-based technology that finds application in analyzing characteristics of particles or cells. It also finds usage in protein engineering, cell sorting, biomarker detection, and cell analysis. Adds the lead analyst of our report, “On account of the speed and ability of flow cytometry to examine the single-cell level, it empowers a biologist to swiftly study and characterize a multitude of cells.” It finds usage in detecting and measuring protein expression, protein post translational modification, RNA, cell health status, cell cycle status, and others. Mainly serving to drive demand for flow cytometry is its usage in detecting systemic ailments. Apart from that, rising instances of various chronic ailments such as cancer and immunological diseases such as AIDS or HIV, alongside hematological diseases has also pushed up demand in the market.
Preference for Allergenic and Autologous Stem Cell Therapies by Physicians Promotes Market
“A growing number of doctors these days prefer autologous and allergenic stem cell therapies instead of radiation and chemotherapy. This is one of the factors driving the uptake of flow cytometers.” explains our lead analyst. Rising investment in research and development is also predicted to positively impact the market for flow cytometry.
One difficulty staring at the market, on the other hand, is the emergence and soaring popularity of substitutes such as image and scanning cytometers. Limited awareness about the product is also having a negative impact.
This review is based on the findings of a TMR report, titled, “Flow Cytometry Market (Technology - Cell-based, Bead based; Products and Services - Reagents and Consumables, Flow Cytometry Instruments, Software and Services; Applications - Pharmaceutical and Drug discovery, Diagnostics; End Use - Hospitals and Diagnostic Labs, Academic and Research Institutions) - Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast 2017–2025.”
The report segments the Global Flow Cytometry Market into the following:
Global Flow Cytometry Market, by Technology
- Cell Based
- Bead Based
Global Flow Cytometry Market, by Products and Services
- Reagents and Consumables
- Flow Cytometry Instruments
- Software and Services
Global Flow Cytometry Market, by Applications
- Pharmaceutical and Drug Discovery
Global Flow Cytometry Market, by End-use
- Hospitals and Diagnostic Labs
- Academic and Research Institutions
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