Enhanced Applicability in Cell Biology to Drive Market Growth
The usage of flow cytometry in cell biology is increasing rapidly. It is one of the approaches used to suggest biological mechanisms in pathologies such as cancer.
Additionally, flow cytometry is also used to study cell signaling, tumor characterization, fluorescent protein detection and protein-protein interaction.
Flow cytometry has emerged has a leading and application-rich technology, and has a wide application in stem-cell research. Scientists need to study different cell types so as to understand the conversion from one type of cell to another.
On the back of these aforementioned factors, the global flow cytometry market is expected to grow at a staggering CAGR of 11.4% during the forecast period (2020-2025).
It shall surpass a valuation of US$ 8.1 Bn by 2025-end. Increasing usage of image flow cytometers in clinical applications is also expected to boost the flow cytometry market in the future.
Pharmaceuticals & Drug Discovery to Remain Key Growth Segments, Diagnostics to Follow
Pharmaceuticals & drug discovery is expected to provide tremendous scope for the flow cytometry market.
This is primarily because of the application of flow cytometry in characterization of novel drugs and development of highly efficient therapeutic medication.
Projections indicate that pharmaceuticals and drug discovery will capture a market share of more than two-fifth of the total global flow cytometry market.
The diagnostics segment is anticipated to be leveraged during the forecast period. Increased demand and increased diagnostics of immunological diseases such as HIV/AIDS are expected to invigorate the market.
The anticipated CAGR for the diagnostics segment is an astounding 15% during the forecast period.
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Academic and Research Institutions to Remain Key End Users, Hospitals & Diagnostics Buckling up
Academic and Research Institutions are anticipated to exhaustively utilize flow cytometry. This is attributed to increasing research activity in various types of life sciences.
The segment is anticipated to be burgeoned at a CAGR of 12.1% during the forecast period, capturing almost half the market share of flow cytometry. In terms of revenue, the segment is anticipated to reach a value of US$ 3.8 Bn by 2025.
Trailing behind is the Hospital & Diagnostic segment, expected to grow at a CAGR of 11%. Advancements in diagnostic technologies and greater incidence of life-threatening diseases are key drivers behind the expansion of the global flow cytometry market.
In terms of revenue, the hospital & diagnostic segment shall reach a value of US$ 3.6 Bn by 2025-end.
North America Most Lucrative Market, Asia-Pacific to Follow
North America is expected to be a highly lucrative market for the global flow cytometry market.
Government initiatives to raise awareness about chronic diseases, favorable business environment and increasing research activities shall drive the growth of the global cytometry market.
Projected market share for North America during the forecast period is over one-third, surpassing a valuation of US$ 2.7 Bn.
Asia-Pacific promises a healthy growth trajectory for the forecast period. Improved healthcare infrastructure and increased focus on big market players are expected to boost the growth in Asia-Pacific. Moreover, increased rates of hematological and immunological diseases are also boosting growth. Projected CAGR for Asia-Pacific during the forecast period is a staggering 14%.
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Organic Growth, Product Development to be Forte of Leading Players
The global flow cytometry market consists of the following ten players:
- Becton Dickinson & Company.
- Merck & Co.Inc.
- Beckman Coulter Inc.
- Thermo Fisher Scientific Inc.
- SYSMEX CORPORATION
- Alere Inc.
- Miltenyi Biotec
- Agilent Technologies Inc.
- Bio-Rad Laboratories Inc.
Out of these players, Merck & Co. has captured the maximum share of the global flow cytometry market. The company invests in acquisitions that provide opportunities to supplement organic growth and strengthen product portfolios.
Another player, Benton Dickinson and Company, offers Flow Cytometry Instruments, Software, Antibodies and Instruments. These products include BD FACSVerse, BDFACSCelesta and BD LSRFortessa.
The company is a leading manufacturer and supplier of flow cytometry devices, antibodies and software.
Global Flow Cytometry Market Segmentation
Fact.MR has studied the global flow cytometry market with detailed segmentation on the basis of technology, products & services, application, end-users and key regions.
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“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”
Global Flow Cytometry Market- Scope of the Report
The recent study by Fact.MR on Global flow cytometry market offers a 5-year forecast between 2020 and 2025. The study analyzes crucial trends that are currently determining the growth of global flow cytometry market.
This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with flow cytometry.
The study also provides dynamics that are responsible for influencing the future status of the flow cytometry market over the forecast period.
A detailed assessment of global flow cytometry market value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report.
A list of prominent companies operating in the flow cytometry market along with their product portfolio enhances the reliability of this comprehensive research study.
Global Flow Cytometry market: Report Summary
The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in global flow cytometry market across the globe.
A comprehensive estimate on global flow cytometry market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of flow cytometry market during the forecast period.
Price point comparison by region with global average price is also considered in the study.
Global Flow Cytometry Market: Analysis on Market Size Evaluation
The global flow cytometry market has been analyzed for each market segment, in terms of value (US$ Mn).
Market estimates at global and regional levels for flow cytometry is available in terms of “US$ Mn” for value, along with market attractiveness evaluation in the report. A Y-o-Y growth contrast on prominent flow cytometry segments, along with market attractiveness evaluation has been incorporated in the report.
Global Flow Cytometry Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the flow cytometry market report, which have helped to deliver projection on the regional markets.
These chapters include the regional macros (economic and business environment outlook), which are expected to have a momentous influence on the growth of global flow cytometry market during the forecast period.
Country-specific valuation on demand for global flow cytometry has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. Detailed breakup in terms of value for emerging countries has also been included in the report.
Global Flow Cytometry Market: In-depth Analysis on Competitive Landscape
The report sheds light on the leading flow cytometry players along with their detailed profiles.
Essential and up-to-date data information related to the market performers, who are principally engaged in global flow cytometry technologies, has been brought with the help of a detailed dashboard view.
Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with all-inclusive SWOT analysis on each player.
Company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in global flow cytometry market.
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