Transparency Market Research (TMR) in its latest research report on
the global flow cytometry market states that leading players within
this market are offering advanced products such as products with
ultraviolet and infrared lasers or even avalanche photodiode sensors.
The report further states that players within the market are
attempting to expand their product portfolio as well as their
geographical reach with other companies. This step is becoming
increasingly essential so as to improve their biological product and
drug analysis. The leading players within the market namely
Dickinson and Company (BD), Becton, Merck & Co., Inc., and
Beckman Coulter, Inc. (Danaher) accounted for a whopping 50% of the
total market in 2016.
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According to TMR, the global flow cytometry market is anticipated to
expand it 11% CAGR between 2017 and 2025 and be worth US$8100 mn by
2025. On the basis of geography, key markets within the flow
cytometry market are North America and Europe due to the efforts
taken by players within these regions to develop Advanced flow
cytometry instruments. Players Within the market in these two regions
are also entering into distribution agreements which are resulting in
strengthening their positions in the market. Asia-pacific is also
anticipated to be a lucrative regional market in the years to come
and expanded a healthy 13% CAGR during the forecast period.
Use of Flow
Cytometry Instruments to Increase on Account of Extensive Use in
Target Based and Novel Drug Discovery
On the basis of product and service, the flow cytometry instruments
segment has been leading in the market and is expected to continue to
do so on account of the rising use of advanced flow cytometry
instruments for target based drug discovery as well as novel drug
discovery. The highest growth rate within the product and service
segments is anticipated to be witnessed by the reagents and
consumable segment. Fast growth is expected to be witnessed in the
years to come by the reagents and consumable segments on account of
the consistent efforts taken by market players in order to achieve
innovation in the product technologies.
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In terms of application, the pharmaceutical and Drug Discovery
segment is leading and will continue to do so, expanding at the 10%
CAGR between 2017 and 2025 on account of growing innovation in flow
cytometry instruments as well as an increase in the product portfolio
thanks to the efforts by manufacturers.
Growing Demand for Point-Of-Care Testing Driving Growth of Flow
Cytometry Market
According to the lead author of this report, there has been a
tremendous rise in the demand for flow cytometry on account of the
rise in the diagnosis of systemic diseases. The growth of the flow
cytometry market is also linked with the rise in the prevalence of
cancer, HIV, AIDS, immunological diseases and similar other chronic
diseases. An increasing number of doctors are showing inclination
towards the use of allergenic and autologous stem cell therapies
instead of using radiation and chemotherapy and this is the resulting
in an upsurge in the demand for flow cytometers. The demand for flow
cytometry is also anticipated to increase on account of the growing
demand for point-of-care testing for disease management of patients
suffering from chronic diseases. Moreover, increasing investments of
time and money towards research and development, by leading players
will work in the favour of the growth of the global flow cytometry
market as the efforts in this direction is leading to the development
of advanced reagents as well as multicolor assays.
Image and Scanning Cytometers Threatening Demand for Flow
Cytometry
Enhanced accuracy, cost-effectiveness, and portability are other
positive results of R&D by players within the market, which is
expected to drive the growth prospects of this market. On the other
hand, the growth of this market is threatened by substitute such as
image and scanning cytometers. A lack of awareness will also impact
the markets negatively to a certain extent.
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