Global Flow Cytometry Market to Grow at 7.2% During 2024-2032, Impelled by Growth in Immuno-Oncology Research

March 22, 2021 | Healthcare

According to the recent report by IMARC Group, titled “Flow Cytometry Market Report by Product and Service (Instruments, Reagents and Consumables, Accessories, Software, Services), Technology (Cell-Based Flow Cytometry, Bead-Based Flow Cytometry), Application (Oncology, Drug Discovery, Disease Diagnosis, Stem Cell Therapy, Organ Transplantation, Hematology, and Others), End-User (Hospitals and Clinics, Academic and Research Institutes, Pharmaceutical and Biotechnology Companies, and Others), and Region 2024-2032,” the global flow cytometry market reached a value of US$ 5.8 Billion in 2023. Flow cytometry is a laser-based technology that analyses the physical and chemical characteristics of cells or particles. This technology enables researchers to simultaneously conduct a multi-paramedic analysis of a group of cells. Flow cytometry subclassifies cell types and detects the residual levels of disease, which aids in developing an appropriate treatment plan for a patient. On account of these functionalities, this technology is applied for chromosome analysis, cancer diagnosis, cell sorting, and protein expression in clinical practices, trials, and research.


Global Flow Cytometry Market Trends:

One of the key factors driving the market growth is the increasing prevalence of various chronic diseases, such as cancer and HIV-AIDS. Flow cytometry provides toxicity testing and a rapid prognosis is required in such cases, which, in turn, is supporting the market growth. The rising adoption of stem cell therapy is acting as another major growth-inducing factor. Additionally, the increasing application of flow cytometry for cell sorting, antibody production, proliferation assays, and immunophenotyping is creating a positive outlook for the market. Various technological advancements, such as the integration of artificial intelligence (AI) with flow cytometry devices, are contributing to the market growth. Other growth-inducing factors include improving healthcare infrastructure and the widespread adoption of flow cytometry in clinical trials and other research activities. On account of these factors, the market is expected to grow at a CAGR of 7.2% during 2024-2032.


Market Summary:

  • Based on the product and service, the market has been divided into instruments, reagents and consumables, accessories, software, and services.
  • On the basis of the technology, the market has been bifurcated into cell-based and bead-based flow cytometry.
  • Based on the application, the market has been classified into oncology, drug discovery, disease diagnosis, stem cell therapy, organ transplantation, hematology, and others.
  • On the basis of the end-user, the market has been divided into hospitals and clinics, academic and research institutes, pharmaceutical and biotechnology companies, and others.
  • Region-wise, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has been analyzed in the report, with some of the key players being Agilent Technologies Inc., Apogee Flow Systems Ltd., BD (Becton, Dickinson and Company), Beckman Coulter Inc. (Danaher Corporation), Bio-RAD Laboratories Inc., Enzo Life Sciences Inc., Luminex Corporation, Merck KGaA, Sony Biotechnology Inc., Sysmex Partec GmbH, and Thermo Fisher Scientific Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
 Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage  Product and Service, Technology, Application, End-User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Agilent Technologies Inc., Apogee Flow Systems Ltd., BD (Becton, Dickinson and Company), Beckman Coulter Inc. (Danaher Corporation), Bio-RAD Laboratories Inc., Enzo Life Sciences Inc., Luminex Corporation, Merck KGaA, Sony Biotechnology Inc., Sysmex Partec GmbH and Thermo Fisher Scientific Inc.
Customization Scope 10% Free Customization
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Global Flow Cytometry Market to Grow at 7.2% During 2024-2032, Impelled by Growth in Immuno-Oncology Research
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