Flow Cytometry Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Jan 2021 | No. of Pages : 250 Pages | Category : Healthcare

global Flow Cytometry market size is expected to be worth around US$ 9 billion by 2028, according to a new report by Vision Research Reports.

The global Flow Cytometry market size was valued at US$ 4.01 billion in 2020 and is anticipated to grow at a CAGR of 11% during forecast period 2021 to 2028.

Growth Factors

Increasing incidence of infectious diseases and cancer is expected to upsurge the demand for flow cytometers for disease diagnosis. In addition, rising usage of autologous and allogenic stem cell therapy by physicians, due to adverse effects of radiation and chemotherapy in the treatment of cancer, will also drive the market.

High demand for Point-of-Care (PoC) testing in chronic disease management is also expected to fuel the demand for cytometry techniques. Increasing R&D initiatives by key companies for the development of multicolor assays and advanced reagents for analysis are anticipated to boost the demand further. Furthermore, technological advancements, in terms of enhanced accuracy, portability, and cost-effectiveness, are expected to offer lucrative growth opportunities for the market.

Report Highlights

Cell-based technology led the overall market in 2020 and is projected to maintain its dominance during the forecast years. Increasing demand for early diagnosis and rising awareness about the benefits of cell-based assays are the factors responsible for its dominance. Moreover, technology has extensive applications in various research fields. These assays are used in drug discovery for the physiological significance of the results.

It is used in clinical studies including tumor cells in peripheral blood, endothelial cells in blood, tumor stem cells, and hematopoietic progenitor cells. Furthermore, they are used in the study of disease mechanism and target identification. Technological advancements in cell-based assays include innovation in instruments, labels, affinity reagents, software, and algorithms. For example, automated microcapillary cytometry, which was recently introduced, is a time-saving and cost-effective procedure for cell analysis study.

Furthermore, this technique combines the ability of and robotics. The aforementioned factors are expected to fuel the segment growth in the near future. Bead-based assays are developed to study infectious diseases. Demand for these assays is expected to increase owing to constant advancements in molecular engineering, monoclonal antibody production, and associated advantages, such as cost-efficiency, low sample requirement, and short turnaround time. These assays are described as indirect or sandwich immunoassay formats, which are specifically used for measuring antibody levels in biological fluids.

The instrument was the dominant segment in 2020 and is likely to retain the leading position owing to greater penetration coupled with advantages, such as accurate result and user-friendliness. However, reagents and consumables, owing to their increased usage in, are expected to register the maximum CAGR from 2019 to 2026.

Instruments used for flow cytometry include cell analyzers, cell sorters, and sample preparation devices, such as platforms for cell analysis and replaceable components like filters, lasers, and detectors. The introduction of novel technologies, such as multicolor flow cytometers, coupled with their capability to detect up to 18 cell parameters simultaneously is one of the factors contributing to the demand.

Reagents & consumables are anticipated to witness the highest CAGR over the forecast period due to extensive utilization in diagnostics applications. Reagents and consumables include antibodies and buffers for research on cell biology and immunology, dyes, beads, recombinant proteins for measuring cellular functioning, such as cell cycle, apoptosis, & proliferation, bioimaging reagents for cellular imaging & clinical research, protein expression, and in cell separation procedures.

Clinical diagnostic reagents, such as multicolor cocktails, ASR reagents, and purified antibodies, are used in disease diagnosis. The segment is anticipated to witness steady growth due to increasing demand for sensitive assays, fluorescent dyes, and antibodies for identifying new in the development of new vaccines and therapeutics.

Increasing demand for companion diagnostics and personalized medicine thrives in tandem with the growth of applications of cytometry for the life science industry. The rising number of healthcare organizations promoting the usage of high-quality diagnostics is presumed to be responsible for the share captured by this segment over the previous years. For instance, the Medical College of Wisconsin in collaboration with Jeffrey Modell Foundation issued a draft on clinical cytometry in the diagnosis of primary immunodeficiencies. This draft was launched to promote awareness amongst physicians about cytometric tests used for early diagnosis of PIDDs and methodologies as per clinical indication.

The commercial organization segment held the largest revenue share in 2020 owing to wide applications across various verticals, such as food microbiology, blood banks, and plant cell culture. The introduction of multiplex probes and reagents for specific applications in diagnostics and drug discovery is expected to offer numerous growth opportunities for the segment by catering to the users in research and small peripheral laboratories.

These factors are anticipated to boost the adoption of this technology. Increasing incidence of chronic conditions in developing countries has been driving the demand for faster diagnostic tools. According to the WHO statistics, in 2018, communicable diseases accounted for around 11% of the mortality rate in Latin America. Thus, growing cases of communicable diseases and unmet clinical needs are expected to drive the demand for cytometry.

Key Players

Beckman Coulter, Inc.; Becton, Dickinson and Company; Sysmex Corporation; Agilent Technologies; Merck & Co., Inc.; Apogee Flow Systems Ltd.; Bio-Rad Laboratories, Inc.; Thermo Fisher Scientific; Stratedigm, Inc.; Luminex Corporation; Miltenyi Biotec; and GE Healthcare.

Market Segmentation

  • Technology Outlook 

    • Cell-based

    • Bead-based

  • Product & Services Outlook

    • Instruments

    • Reagent & Consumables

    • Software

    • Accessories

    • Services

  • Application Outlook

    • Research

      • Pharmaceutical

        • Drug Discovery

        • Stem Cells

        • In Vitro Toxicity

      • Apoptosis

      • Cell Sorting

      • Cell Cycle Analysis

      • Immunology

      • Cell Viability

    • Industrial

    • Clinical

      • Cancer

      • Organ Transplantation

      • Immunodeficiency

      • Hematology

  • End-Use Outlook 

    • Commercial Organizations

    • Hospitals

    • Academic Institutes

    • Clinical Testing Labs

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

      • Russia

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

      • Singapore

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • MEA

      • South Africa

      • Saudi Arabia

      • UAE

      • Turkey

      • Iran

The Flow Cytometry market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Flow Cytometry market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Flow Cytometry market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Flow Cytometry market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Flow Cytometry market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Flow Cytometry capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Flow Cytometry by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Flow Cytometry market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Flow Cytometry market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Flow Cytometry market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Flow Cytometry industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Flow Cytometry market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Flow Cytometry market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Flow Cytometry market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Flow Cytometry market. These factors have benefited the growth of the global market for Flow Cytometry. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Flow Cytometry. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Flow Cytometry are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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