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Global Flow Cytometry Market Will Reach USD 5,650.9 Million by 2023: Zion Market Research

According to the report, global flow cytometry market was valued at approximately USD 3,332.6 million in 2017 and is expected to generate revenue of around USD 5,650.9 million by end of 2023, growing at a CAGR of around 9.20% between 2017 and 2023.

New York, NY, April 04, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Flow Cytometry Market by Technology (Cell-based and Bead-based), by, Product (Reagents and Consumables, Instruments, Software), by Application (Pharmaceutical and Drug Discovery, Diagnostics, Others) and by End User for Hospitals & Diagnostic Labs, Academic and Research Institutions and Others: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023”. According to the report, global flow cytometry market was valued at approximately USD 3,332.6 million in 2017 and is expected to generate revenue of around USD 5,650.9 million by end of 2023, growing at a CAGR of around 9.20% between 2017 and 2023.

Flow cytometry is a technique which is used in cell biology to count, sort and profile cells in the heterogeneous fluid mixture, through the use of laser-based technology. It is a well-established technology in clinical diagnostics and biomedical research field. When the fluid mixture, which is fluorescently labeled, is passed through the laser, the particles emit light signals which are collected and then correlated to entities such as protein expression, gene expression, cellular physiology and cell morphology. The laser wavelength used varies as different entities are excited by different wavelengths. These particles can be separated and homogeneous fractions can be obtained, using cell sorting technique, for its various uses in research and development sector. 

Browse through 71 Tables & 25 Figures spread over 110 Pages and in-depth TOC on "Global Flow Cytometry Market Size, Share, Trends, Segments Analysis Report and Forecast 2017 – 2023”.

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The flow cytometry market is segmented on the basis of technology, segmented into cell-based and bead-based. The demand for cell-based flow cytometry is expected to increase in the forecast period due to its application in various research fields and use in drug discovery for physiological significance of the result.  

On the basis of product, the market is segmented into reagents and consumables, instruments, and software. Instrument segment is expected to dominate the market due to its advantages like accurate result, cost-effective nature and its user-friendly feature. Reagents and consumables are expected to show increased demand due to its use in the diagnosis of cancer. 

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On the basis of application the flow cytometry market is segmented into pharmaceutical and drug discovery, diagnostics and others category. Diagnostics is expected to dominate the market due to increase in a disease like cancer and HIV which can be diagnosed by flow cytometry method.

Based on end users the market is segmented into hospitals & diagnostic labs, academic and research institutions and others category. Hospitals and diagnostic labs are anticipated to dominate the market because of the increase in chronic and infectious diseases. 

Browse the full "Flow Cytometry Market by Technology (Cell-based and Bead-based), by, Product (Reagents and Consumables, Instruments, Software), by application (Pharmaceutical and Drug Discovery, Diagnostics, Others) and by End User for Hospitals & Diagnostic Labs, Academic and Research Institutions and Others: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023"report at  https://www.zionmarketresearch.com/report/flow-cytometry-market

North America currently serves most of the demand for flow cytometry market, owing to the rapid technological advancements, high investment in research and development and use of flow cytometry in various applications.

Europe is the second largest regional market and is expected to show significant growth in the years to come. Factors such as stem cell research, use of new technologies in flow cytometry, and increasing application of flow cytometry in clinical research are expected to drive the growth of market in Europe region.

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The Asia-Pacific market is projected to have the highest CAGR during the forecast period due to the increase in diseases like cancer and HIV. Due to this flow cytometry is used in diagnostic centers and hospitals for the detection of the diseases. Increase in funding of government in the biotech sector also helps in growth of the flow cytometry market in this region.

Latin America and Middle East and Africa are anticipated to exhibit high growth rates as there is increase in the adoption of flow cytometry in various research and diagnostics applications.

Some of the key players in flow cytometry market include Becton, Dickinson and Company, Merck & Co., Inc., Beckman Coulter, Inc., Thermo Fisher Scientific, Inc., Sysmex Corporation, Alere, Inc., Miltenyi Biotec, Agilent Technologies, Inc., Bio-Techne, Bio-Rad Laboratories, Inc., and Others. Most of these key players are indulged in providing sterilization processes for healthcare products and services to maintain their position in the market. 

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This report segments the global flow cytometry market as follows:

Global Flow Cytometry Market: Technology Segment Analysis

  • Cell-based
  • Bead-based

Global Flow Cytometry Market: Product Segment Analysis

  • Reagents and Consumables
  • Instruments
  • Software

Global Flow Cytometry Market: Application Segment Analysis

  • Pharmaceutical and Drug Discovery
  • Diagnostics
  • Others

Global Flow Cytometry Market: End User Method Analysis

  • Hospitals & Diagnostic Labs
  • Academic and Research Institutions
  • Others

Global Flow Cytometry Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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