Flow Cytometry Market is Expected to Reach $7.0 billion | MarketsandMarkets.

Chicago, Aug. 23, 2023 (GLOBE NEWSWIRE) -- In the near future, the flow cytometry industry is poised for transformative growth driven by rapid technological advancements. These innovations encompass expanded capabilities in multi-parameter analysis, heightened sensitivity, and integration with AI-powered data interpretation. Single-cell analysis remains a cornerstone, unraveling cellular intricacies and enabling personalized medicine breakthroughs. Automation and miniaturization are elevating throughput and portability, extending applications to point-of-care diagnostics and resource-limited environments. As flow cytometry converges with other omics techniques, it promises a holistic understanding of cellular processes. However, ensuring data reproducibility and adherence to standardized practices remains a focal point, enhancing the industry's reliability and impact across research, clinical, environmental, and industrial domains.

Flow Cytometry market in terms of revenue was estimated to be worth $4.7 billion in 2023 and is poised to reach $7.0 billion by 2028, growing at a CAGR of 8.3% from 2023 to 2028 according to a latest report published by MarketsandMarkets™. The launch of technologically advanced flow cytometry instruments is likely to increase adoption, subsequently positively impacting market growth. For instance, In May 2023, Sysmex launched Clinical Flow Cytometry System Flow Cytometer XF-1600, Sample Preparation System PS-10, antibody reagents, and other related products in Japan.

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Flow Cytometry Market Scope:

Report Coverage	Details
Market Revenue in 2023	$4.7 billion
Estimated Value by 2028	$7.0 billion
Growth Rate	Poised to grow at a CAGR of 8.3%
Market Size Available for	2021–2028
Forecast Period	2023–2028
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Technology, Product & Service, Application & End User
Geographies Covered	North America, Europe, Asia Pacific, Latin America (LATAM), and Middle East and Africa (MEA)
Report Highlights	Updated financial information / product portfolio of players
Key Market Opportunities	Public-private funding initiatives in stem cell research
Key Market Drivers	Technological advancements in flow cytometry instruments

Flow Cytometry market major players covered in the report, such as:

• BD (US)
• Danaher Corporation (US)
• Thermo Fisher Scientific Inc. (US)
• Agilent Technologies Inc. (US)
• Sony Corporation (Japan)
• Bio-Rad Laboratories Inc. (US)
• Miltenyi Biotec (Germany)
• Enzo Biochem Inc. (US)
• Sysmex Corporation (Japan)
• bioMérieux (France)
• Cytonome/ST LLC (US)
• Sartorius AG (Germany)
• Cytek Biosciences (US)
• Union Biometrica Inc. (US)
• Luminex Corporation (Italy)
• Apogee Flow Systems Ltd. (UK)
• Stratedigm Inc. (US)
• NanoCellect Biomedical Inc. (US)
• On-chip Biotechnologies Co. Ltd. (Japan)
• Nexcelom Biosciences LLC. (US)
• BennuBio Inc. (US)
• Orflo Technologies (US)
• Bay Biosciences Co. Ltd. (Japan)
• BioLegend Inc. (US)
• CytoBuoy B.V (Netherlands)
• and Among Others

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This report categorizes the Flow Cytometry market into the following segments and subsegments:

By Technology

• Cell-based Flow Cytometry
• Bead-based Flow Cytometry

By Product and Service

• Reagents and Consumables
• Instruments
  • Cell Analyzers
    • High-range
    • Mid-range
    • Low-range
  • Cell Sorters
    • High-range
    • Mid-range
    • Low-range
• Services
• Software
• Accessories

By Application

• Research Applications
  • Pharmaceuticals and Biotechnology
    • Drug Discovery
    • Stem Cell Research
    • In Vitro Toxicity Testing
  • Immunology
  • Cell Sorting
  • Apoptosis
  • Cell Cycle Analysis
  • Cell Viability
  • Cell Counting
  • Other Research Applications
• Clinical Applications
  • Cancer Diagnostics
  • Hematology
  • Autoimmune Diseases
  • Organ Transplantation
  • Other Clinical Applications
• Industrial Applications

By End User

• Academic & Research Institutes
• Hospitals & Clinical Testing Laboratories
• Pharmaceutical & Biotechnology Companies

By Region

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Singapore
  • Indonesia
  • Rest of Asia Pacific
• Latin America
  • Mexico
  • Brazil
  • Rest of Latin America
• Middle East & Africa

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The key stakeholders in the Flow Cytometry market include:

• Flow cytometry equipment manufacturers, vendors, and distributors
• Flow cytometry service providers
• R&D companies
• Academia, research institutes, and government organizations
• Venture capitalists and other public-private funding agencies
• Pharmaceutical, cosmeceutical, and biotechnology companies
• Healthcare service providers (including hospitals and diagnostic centers)
• Clinical research organizations (CROs)
• Clinical testing laboratories and service providers
• Market research and consulting firms
• Government and independent regulatory authorities

Recent Developments:

• In June 2023, BD launched The BD FACSDuet Premium Sample Preparation System to automate sample preparation in clinical flow cytometry diagnostics.
• In May 2023, Sysmex launched Clinical Flow Cytometry System Flow Cytometer XF-1600, Sample Preparation System PS-10, antibody reagents, and other related products in Japan.
• In June 2022, BD (US) launched BD FACSDiscover S8 Cell Sorter with high-speed imaging technology that sorts cells based on visual characteristics.
• In March 2022, Beckman Coulter, Inc. (US) launched a fully automated sample preparation system (SPS) CellMek SPS, which offers on-demand processing for many sample types to help laboratories expand their capabilities.

Frequently Asked Questions (FAQs) of Flow Cytometry Market:

Which are the key players operating in the flow cytometry market?
Answer: Key players in the flow cytometry market include BD (US), Danaher Corporation (US), Thermo      Fisher Scientific, Inc. (US), Agilent Technologies, Inc. (US), and Bio-Rad Laboratories, Inc. (US), among others.

What is the market size of the flow cytometry market?
Answer: The global flow cytometry market is projected to reach USD 7.0 billion by 2028 from an estimated USD 4.7 billion in 2023, at a CAGR of 8.3% during the forecast period.

Which product & service type segment will dominate the flow cytometry market in 2022?
Answer: The reagents & consumables accounted for the highest share of the global flow cytometry market in 2022.

Which end-user segment is expected to have the highest growth in upcoming years in the market for flow cytometry?
Answer: The academic & research institutes segment is anticipated to grow at a significant CAGR during the forecast period.

What are the major factors driving the flow cytometry market?
Answer: The Increasing incidence of HIV/AIDS and cancer, the use of flow cytometry in regenerative medicine & research, rising public-private initiatives in immunology and immuno-oncology research, and technological advancements in flow cytometry instruments are some of the factors driving the market growth.

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Report Objectives:

• To define, describe, and forecast the global flow cytometry market based on the technology, product & service, application, end-user, and region
• To provide detailed information regarding the major factors influencing the growth of the market (such as drivers, restraints, and opportunities)
• To strategically analyze micro markets with respect to individual growth trends, future prospects, and contributions to the overall cell analysis market
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To forecast the size of the market segments with respect to five main regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa
• To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies.
• To track and analyze competitive developments such as acquisitions, product launches, expansions, agreements, partnerships, and R&D activities in the flow cytometry market.

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Stem Cell Assay Market

Cell Analysis Market

Single Cell Analysis Market

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