Flow Cytometry Market Size & Share, Sector / Industry Report & Analysis, 2026
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Abstract, Snapshot, Market Analysis & Market Definition: Global Silicone in Electric Vehicles Market Size, Share & Analysis Report, Market
The global flow cytometry market size was valued at USD 3.98 billion in 2018 and is expected to register a CAGR of 10.6% over the forecast period. Increasing prevalence of chronic diseases, which require toxicity testing, and need for rapid, accurate, and sensitive prognosis techniques for disease validation are expected to boost the demand for this techniques. Introduction of advanced methods, such as high-throughput multifunctional analysis, rapid detection, higher resolution, and improved cell sorting, ensuring enhanced efficiency in characterizing and identifying novel drugs is also expected to boost the market growth.
Extensive R&D for the development of statistical platforms, which are capable of manipulating various parameters, compare all data parameters with many different combinations, customize data analysis strategy, recognize real-time changes in every parameter, and offer figures and graphs with conclusions, will contribute to the product demand further.
In addition, growing awareness and increased healthcare expenditure are likely to have a positive impact on the flow cytometry market. Some of the most common applications of flow cytometry include immunophenotyping, cell sorting, cell proliferation assays, and intracellular calcium flux. The advantages of the technology, such as user-friendliness, are also expected to boost its demand further.
The biotechnology industry is expected to showcase significant growth in coming years due to increasing healthcare expenditure and improvisation in healthcare facilities. Growing external funding to conduct clinical studies pertaining to the field of in vitro molecular diagnosis is also expected to augment market, as such initiatives play a vital role in the process of new product development.
Market Segmentation, Outlook & Viewpoint: Global Silicone in Electric Vehicles Market Size, Share & Analysis Report, Market
This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2026. For the purpose of this study, Grand View Research has segmented the global flow cytometry market report on the basis of technology, product & services, application, end use, and region:
Technology Outlook Â (Revenue, USD Million, 2014 – 2026)
Product & Services Outlook Â (Revenue, USD Million, 2014 – 2026)
Reagent & Consumables
Application Outlook Â (Revenue, USD Million, 2014 – 2026)
In Vitro Toxicity
Cell Cycle Analysis
End Use Outlook Â (Revenue, USD Million, 2014 – 2026)
Clinical Testing Labs
Key Players, Recent Developments & Regional Insights: Global Silicone in Electric Vehicles Market Size, Share & Analysis Report, Market
Growth in the biotechnology sector is expected to boost the cytometry market. Furthermore, it is also expected to witness growth due to its wide applications in different fields including cell culture, drug discovery, and stem cell therapy. Research application held the largest revenue share in the past owing to increased R&D activities pertaining to cancer and other infectious diseases. This technology is widely used in the pharmaceutical research segment and also has applications in various industries, such as food microbiology and plant tissue culture.
Increasing demand for faster and accurate cancer prognostic tools and rising prevalence of the disease are the key factors attributing for its large share. Research pertaining to drug development, stem cell therapy, and in vitro toxicity testing are also expected to fuel the demand for this technology. Clinical diagnosis is expected to be the fastest-growing application segment from 2019 to 2026 due to the factors, such as increasing demand for cost-effective disease diagnostic tools and benefits of these assays in disease detection.
Increasing demand for companion diagnostics and personalized medicine thrives in tandem with growth of applications of cytometry for life science industry. 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, 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.
End Use Insights
The commercial organization segment held the largest revenue share in 2018 owing to wide applications across various verticals, such as food microbiology, blood banks, and plant cell culture. 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.
Hospitals segment is expected to register the maximum CAGR from 2019 to 2026 due to supportive reimbursement policies, growing awareness, and increasing need for diagnostic tests as a result of rising prevalence of chronic and infectious diseases. In April 2015, London Cancer Alliance launched clinical guidelines for haemato-oncology, such as plasma cell disorders. These guidelines also focus on the usage of flow cytometers as diagnostics, thus promoting awareness amongst clinicians and pathologists.
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.
North America led the overall cytometry market in 2018 owing to the presence of supportive government reforms for the development of advanced technologies for molecular diagnostics. It projected to maintain the dominance over the forecast years on account of availability of skilled professionals and higher awareness level. U.S. is the largest market in North America owing to high incidence of cancer and other chronic conditions. Moreover, presence of a large number of clinical research labs and major pharmaceuticals in U.S. is likely to contribute to the countryâ€™s growth.
Asia Pacific region is presumed to witness the fastest CAGR in the coming years owing to supportive government funding for the biotech industry development. In addition, presence of untapped opportunities, constantly improving healthcare infrastructure, rapid economic development, and rising patient awareness levels are further estimated to drive the regional market. Continuous R&D activities for cancer treatment in the region, facilitating the demand of cytometry, is also boosting the regionâ€™s growth. Moreover, rising adoption of new techniques for molecular-based cytogenetics, increasing outsourcing activities, and growing demand for early diagnosis and detection of diseases will spur the market.
Flow Cytometry Market Share Insights
Some of the key companies in the market are 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. The market is highly competitive as key companies are involved in continuous product development and partnership alliances to aid market penetration. Furthermore, increasing number of outsourcing service providers is expected to intensify the competition. Companies are also focusing on setting up manufacturing plants in emerging regions to gain profits.
For instance, in September 2015, BD Life Sciences entered into a collaborative agreement with Seegene Inc. for the development of multiplex real-time PCR reagents for the BD max system in a probe to gain competitive advantage. Increasing R&D investments in biotechnology sector and strategic collaborations coupled with introduction of upgraded systems are anticipated to propel the market. For instance, in March 2017, Beckman Coulter Life Sciences launched its latest model CytoFLEX LX with six lasers and 21 fluorescent channels as an upgradation to its existing portfolio.
Key Insights Covered: Global Global Silicone in Electric Vehicles Market Size, Share & Analysis Report, Market
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4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Global Silicone in Electric Vehicles Market Size, Share & Analysis Report, industry.
Research Methodology: Global Silicone in Electric Vehicles Market Size, Share & Analysis Report, Market
- Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
- Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
- Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.
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