Description

The Flow Cytometry Market size is projected to grow from an estimated USD 4.5 billion in 2020 to USD 7.6 billion by 2027, at a CAGR of 8.5% during the forecast period. Flow cytometry is used for analysing the chemical and physical characteristics of particles in a fluid by passing through lasers. Cell components are labelled fluorescently and then excited by laser to emit light at different wavelengths. Flow cytometry have various applications in healthcare such as diagnosis of health especially blood cancers, clinical trials, clinical practice. Technological advancements in flow cytometers, increasing adoption of flow cytometry techniques in research activities and clinical trials, increasing focus on immunology and immuno-oncology research, increasing incorporation of AI platforms in flow cytometry workflows, and advancements in flow cytometry software are all driving market growth. Market players may anticipate to benefit from increased market penetration in emerging nations, increased stem cell research, adoption of recombinant DNA technology for antibody manufacturing, and the evolution of tandem flow cytometry technologies.The development and commercialization of high-quality application-specific reagents and assays, as well as end users’ ongoing need for flow cytometry reagents, are projected to propel the reagents and consumables market forward in the coming years. Because of the procedural advantages offered by this technology over other cell-based technology (such as ELISA and western blot), such as its ability to detect multiple analytes, high reproducibility, stability, and speed, the bead-based flow cytometry segment is expected to grow at the fastest CAGR during the forecast period. However, market players are focusing on collaborations, acquisitions, mergers and new product developments in order strengthen their position in the flow cytometry globally. For example, in 2015, BD Life sciences and Seegene Inc. entered into a collaboration for development of multiplex real time PCR reagents for BD max system.

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