Flow Cytometry In Oncology And Immunology Market Growth Trajectory Through 2024-2033

The major factors driving the growth of the flow cytometry market are the technological advancements in flow cytometers, increasing adoption of flow cytometry techniques in research activities and clinical trials, the growing focus on immunology and immuno-oncology research, high incidence and prevalence of HIV-AIDS and cancer, and availability of novel application-specific flow cytometry products.The global Flow Cytometry Market is projected to reach USD 5.4 billion by 2023 from USD 3.7 billion in 2018, at a CAGR of 8.1%Recent Developments :-In 2018, Becton, Dickinson and Company (US) launched BD FACSymphony S6 High Parameter Cell Sorter.In 2018, Agilent Technologies, Inc. (US) entered into an agreement to acquire ACEA Biosciences Inc. (US) to expand its global revenue base, product portfolio, and strengthen its market share.In 2018, Merck KGaA (Germany) launched the CellStream benchtop flow cytometer system.Download PDF Brochure :- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=65374584The growing market penetration in emerging countries, growth in stem cell research, adoption of recombinant DNA technology for antibody production, and evolution of tandem flow cytometry technologies are expected to present a wide range of growth opportunities for market players.The flow cytometry market is segmented on the basis of products and services into reagents and consumables, instruments, services, software, and accessories.

The reagents and consumables segment is expected to command the largest share of the global flow cytometry market in 2018.

Factors such as the development and commercialization of high-quality application-specific reagents and assays and the continuous requirement of flow cytometry reagents by end users (due to the increasing number of flow cytometry-based research activities) are expected to drive the growth of the reagents and consumables market in the coming years.Geographical Analysis:- The market is segmented into North America (the US and Canada), Europe (Germany, the UK, France, and the Rest of Europe), Asia Pacific (Japan, China, India, and the Rest of APAC), Latin America (Brazil, Mexico, and the Rest of LATAM), and the Middle East and Africa.

North America is expected to account for the largest share of the global flow cytometry market in 2018.Read more ( Flow cytometry market ): https://www.marketsandmarkets.com/PressReleases/flow-cytometry.aspMajor Key players :-The major players operating in the flow cytometry market are Becton, Dickinson and Company (US), Beckman Coulter, Inc. (US), Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), Sysmex Partec GmbH (Germany), Luminex Corporation (US), Miltenyi Biotec GmbH (Germany), Bio-Rad Laboratories, Inc. (US), Sony Biotechnology, Inc. (US), Agilent Technologies, Inc. (US), bioMérieux S.A. (France), Enzo Life Sciences, Inc. (US), Stratedigm, Inc. (US), Cytonome/ST LLC (US) and Apogee Flow Systems Ltd. (UK).

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According to IMARC Group latest report titled” Flow Cytometry Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the market grew at a CAGR of around 8% during 2014-2019.

The global flow cytometry market to exhibit moderate growth during the next five years.Market Trends & Driver:Flow cytometry stands for a biophysical, laser-based technology that processes and analyzes various physical traits of cell or particles suspended in a fluid when passed through a laser beam.

This technique is prominently used for cell counting, cell sorting, determining cell characteristics and function.

Flow cytometry is also adopted for detecting the presence of microorganisms, biomarkers, protein engineering, and disease-causing pathogens.Get a sample copy of this Report: https://www.imarcgroup.com/flow-cytometry-market/requestsampleThe high prevalence of chronic blood-related diseases, such as cancer and HIV-AIDS, which require toxicity testing of the blood, is primarily driving the demand for flow cytometry.

Furthermore, the increasing need for accurate, rapid, and sensitive prognosis techniques for disease diagnosis is also augmenting the market growth.

Moreover, the growing focus on stem cell-based research activities, along with the increasing adaptation of recombinant DNA technology for antibody production, is further propelling the adoption of flow cytometry.

The global 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.

This analysis is applied in the discovery of drug for physiological importance of results.

The development of new innovative technologies including the multi-color flow cytometers combined with the ability to detect up to eighteen cell parameters concurrently is amongst the causes leading towards growth.

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.