Global Flow Cytometry Market

Flow Cytometry Market Size, Share, Growth Analysis, By Technology (Cell-Based, Bead-Based), Product & Service (Instruments, Software), Application (Research, Immunology), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35H2031 | Region: Global | Published Date: August, 2024
Pages: 157 | Tables: 130 | Figures: 77

Flow Cytometry Market Regional Insights

North America led the market with a 41.20% revenue share in 2023, driven by a robust healthcare system and pharmaceutical sector in the U.S., generating high demand for flow cytometry in clinical and research applications. Extensive R&D in therapeutics and increased public-private investments in cancer research have further boosted the need for these instruments. For instance, in December 2023, AlleSense was commissioned to advance cancer diagnostics using cutting-edge technologies, with an initial investment of around USD 2.5 million, significantly contributing to market growth.

The Asia-Pacific flow cytometry market is expected to grow significantly from 2024 to 2030 due to the expanding pharmaceutical and biotechnology sectors in emerging economies like China and India. Market growth is driven by the rising prevalence of chronic diseases and increased use of cytometry devices in various applications. Additionally, continuous innovations in cancer and infectious disease research are projected to significantly contribute to regional market growth. Extensive research activities by regional players aiming to develop innovative flow cytometry solutions are also expected to bolster market expansion in Asia-Pacific during the forecast period.

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FAQs

Global Flow Cytometry Market size was valued at USD 3.97 Billion in 2022 and is poised to grow from USD 4.25 Billion in 2023 to USD 6.99 Billion by 2031, growing at a CAGR of 7.17% in the forecast period (2024-2031). 

The flow cytometry market is considered highly consolidated due to the presence of very few players in the market. These players are holding a huge share of the market and are likely to remain in a similar competitive environment for the next few years. Key market players in the market are Becton, Dickinson and Company, Danaher Corporation Sysmex Corporation, Bio-Rad Laboratories Inc, Luminex Corporation, etc. 'Becton, Dickinson, and Company (US) ', 'Danaher Corporation (US) ', 'Thermo Fisher Scientific, Inc. (US) ', 'Agilent Technologies, Inc. (US) ', 'Sony Group Corporation (Japan) ', 'Bio-Rad Laboratories, Inc. (US) ', 'Miltenyi Biotec GmbH (Germany) ', 'Enzo Biochem, Inc. (US) ', 'Sysmex Corporation (Japan) ', 'bioMérieux S.A. (France) ', 'Cytonome/ ST, LLC (US) ', 'Sartorius AG (Germany) ', 'Cytek Biosciences, Inc. (US) ', 'Union Biometrica, Inc. (US) ', 'Fluxion Biosciences, Inc. (US) ', 'Apogee Flow Systems Ltd. (UK) ', 'Merck KGaA (Germany) ', 'Beckman Coulter, Inc. (US) ', 'Stratedigm, Inc. (US) ', 'Nanocellect Biomedical (US)'

Flow cytometry faces a market restraint due to limited accessibility in resource-poor settings. Developing regions often lack the infrastructure and trained personnel required to operate and maintain these sophisticated instruments. This gap restricts the widespread adoption and utilization of flow cytometry, impeding its potential market growth and the ability to deliver advanced diagnostic and research capabilities in underfunded healthcare systems.

Flow cytometry is considered as an excellent tool for characterizing, identifying, and isolating stem cells for research and potential clinical applications. Recent advances in flow cytometric hardware, reagents, and software have enabled stem cell biologists to more fully identify and isolate rare cells. With such widespread use of flow cytometry for disease diagnosis and early detection, adoption in stem cell research is propelling the growth of the flow cytometry market. 

North America led the market with a 41.20% revenue share in 2023, driven by a robust healthcare system and pharmaceutical sector in the U.S., generating high demand for flow cytometry in clinical and research applications. Extensive R&D in therapeutics and increased public-private investments in cancer research have further boosted the need for these instruments. For instance, in December 2023, AlleSense was commissioned to advance cancer diagnostics using cutting-edge technologies, with an initial investment of around USD 2.5 million, significantly contributing to market growth.

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Global Flow Cytometry Market

Report ID: SQMIG35H2031

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