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Flow Cytometry Market Share By Top Trends & Key Futuristic | Forecast To 2025

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Rahul Sharma
Flow Cytometry Market Share By Top Trends & Key Futuristic | Forecast To 2025

19 November 2019 - Flow Cytometry Market size was estimated at USD 3.27 billion in 2016 and is anticipated to grow at CAGR of 10.6% in coming years. Key drivers of this market include increasing incidence of chronic disorders that requires toxicity testing for cancer tests and need for quick, accurate and sensitive prognosis techniques for the validation of disease.

Increasing awareness levels amongst healthcare experts and patients coupled with rising healthcare expenditures are major factors driving the growth. Furthermore, related benefits of cell-based assays including development in reagents and software employed for the study, ease-of-use and high sensitivity and reproductively are some other elements anticipated to boost the growth in coming years.

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This technology is used in industrial sectors, research and clinical diagnosis. Research segment held leading position in 2016 due to increasing R&D for cancer and other infectious diseases diagnosis and treatment. Flow cytometry has applications even in some other industries including plant tissue culture and food microbiology.

Clinical diagnosis is anticipated to be the fastest growing application segment by the year 2025. This growth is boosted by elements such as rising demand for cost-effective disease diagnostic tools and related advantages of these assays in disease detection.

End-use Insights

The commercial organization segment dominated the industry due to extensive applications in various verticals including plant cell culture, food microbiology and blood banks. The entry of reagents and multiplex probes for definite usage in diagnostics and discovery of drug is anticipated to benefit this vertical accompanied with development opportunities by offering the users in research and small- scale peripheral laboratories.

Hospitals are anticipated to grow at remunerative CAGR owing to rising number of diagnostic tests required by increasing prevalence of infectious and chronic diseases, beneficial and supportive reimbursement policies and rising awareness among patients.

Market Segment:

Global Flow Cytometry Application Outlook (Revenue, USD Million, 2014 - 2025)

  • Cell-based
  • Bead-based

Global Flow Cytometry Product & Services Outlook (Revenue, USD Million, 2014 - 2025)

  • Instruments
  • Reagent & consumables
  • Software
  • Accessories
  • services

Global Flow Cytometry Application Outlook (Revenue, USD Million, 2014 - 2025)

  • Research
  • Pharmaceutical
  • Drug discovery
  • Stem cells
  • In vitro toxicity
  • Apoptosis
  • Cell sorting

For More Technical Insights, Download Brochure @ https://www.millioninsights.com/industry-reports/flow-cytometry-market

 

Regional Insights

North America held leading position in 2016 owing to the availability of solicitous government initiatives for the growth of enhanced technologies pertaining to molecular diagnostics. Furthermore, presence of skilled experts and larger awareness levels are the other factors expected to drive the growth in regional market.

Asia Pacific is speculated to demonstrate lucrative growth over the forecast period due to rising solicitous government aid for the biotech industry growth. The economic development, increasing patient awareness level, persistently advancing healthcare infrastructure and presence of untapped opportunities are the factors contributing towards the fast growth in this region.

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Rahul Sharma
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