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

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). 

Growth in the industry is attributed to increasing cancer instances, immune system disorders, and infections. High demand for flow cytometry instruments is also due to increased spending on R&D in the biotechnology, life science, and biopharmaceutical industries. Microfluidic flow cytometry for Point-of-Care (POC) testing is an example of the new and enhanced analytical tools that have emerged due to advancement in the technique.

Consequently, the COVID-19 epidemic has led to the growth of flow cytometry. Because of the enhanced accuracy and the number of specimens analyzed per time, the approach offers an opportunity to replace COVID-19 testing because it can avoid the limitations of the current PCR- or antibody-based testing solutions. Therefore, the sector has grown due to the use of flow cytometry approaches in diagnosing COVID-19 and monitoring the disease. The appearance of new products in this area also proves that, despite the pandemic, there are innovations in the field of flow cytometry.

The test uses flow cytometry to reveal important characteristics of a patient’s response to COVID-19 antigens and to make sound management decisions. What is more, it is expected that the adoption of such innovations would promote industry development in the future. The other factor that has influenced the adoption of flow cytometry techniques is the rising incidence of infectious diseases around the world. It is therefore necessary to look for viable substitute methods of immunophenotyping & cell isolation so as to combat these diseases, which annually claim more than 4. 5 million fatalities. This approach can be used to detect pathogenic microorganisms from environmental samples and may serve as a viable immunophenotyping method.

US Flow Cytometry Market is poised to grow at a sustainable CAGR for the next forecast year.