New York City, NY, 20 January, 2020/ 24 Market Reports: The global flow cytometry market is estimated to grow from USD 4.4 billion in 2019 and reach that of USD 6.1 billion by 2025 witnessing the growth at a CAGR of 8.2% during the forecast period of 2019 to 2025. Technological advancements in flow cytometers, the increasing adoption of flow cytometry techniques in research activities and clinical trials, growing focus on immunology and immuno-oncology research, increasing incorporation of AI platforms in flow cytometry workflows and advancements in flow cytometry software, high incidence and prevalence of HIV-AIDS and cancer, and the increasing availability of novel application-specific flow cytometry products are the factors that are driving the growth of the market during the forecast period.
The growing market penetration in emerging countries, growth in stem cell research and adoption of recombinant DNA technology for antibody production and evolution of tandem flow cytometry technologies are also the factors that are estimated to drive the growth of the market during the forecast period.
The bead-based flow cytometry segment to grow with the highest CAGR in the market
Cell-based and bead-based flow cytometry is the segmentation for the global flow cytometry market based on technology. During the forecast period, it is estimated for the bead-based flow cytometry segment to witness the growth at the highest CAGR. Including the capacity of the bead-based flow cytometry segment to detect multiple analytes, high reproducibility, stability and speed the procedural advantages offered by this technology over other cell-based technology is driving the growth of the segment during the forecast period.
The reagents and consumables category to lead the product and service segment in the market
Reagents and consumables, instruments, services, software and accessories are the segmentation for the market during the forecast period based on product and service. The reagents and consumables category is estimated to lead the segment during the forecast period. The development and commercialization of high-quality application-specific reagents and assays and the continuous requirement of flow cytometry reagents by end-users are the factors that are estimated to drive the growth of the segment during the forecast period.
The Asia Pacific to grow at the fastest rate in the global market throughout the forecast period
North America, Europe, the Asia Pacific, Latin America and the Middle East and Africa are the segmentation for the global flow cytometry market based on geography. Followed by Europe, during the forecast period it is estimated for North America to dominate the market. However, the Asia Pacific region is estimated to witness the fastest growth in the market. The participation of the countries of the region such as China, India, Japan, Australia, and South Korea in flow cytometry-based research; expansion of research infrastructure; and increasing public-private initiative aimed towards boosting advance research practices in the region is boosting the growth of the market.
The following are the major objectives of the study:
- To define, describe, and forecast the global flow cytometry market on the basis of product, application and region.
- To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, and opportunities).
- To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market.
- To analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for leading market players.
- To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
- To strategically profile the key market players and comprehensively analyze their market shares and core competencies.
- To track and analyze competitive developments such as acquisitions, expansions, new product launches, agreements, and collaborations in the global flow cytometry market.
Critical Questions which the report answers:
- What are the major vendor/manufacturers in the market? What is their growth potential during next decade?
- What are the key revenue generating pockets for global flow cytometry market and their future potential during next decade?
- How competitive landscape is evolving in global flow cytometry market?
