East Asia Flow Cytometry Market is projected to display growth at a lucrative CAGR of 12.3% by 2032 | FMI Analyst

The Global Flow Cytometry Market is expected to enjoy a lucrative growth opportunity with an expanded CAGR of 7.4% from 2022 to 2032. The global market is anticipated to reach a valuation of US$ 5.6 Billion by the end of the year 2022 and reach an estimation of nearly US$ 11.4 Billion by the year 2032. According to the reports conducted by Future Market Insights on the flow cytometry market, the reagents, consumables & accessories are leading the market by product, with a share of about 44.3% in the year 2021, within the global market.

Because of high-throughput quantitative analysis, advancements in vivo flow cytometry, and assessments of minimal residual diseases, global flow cytometry is expected to become even more important in medicine.

Flow cytometry demand is expected to surge, offsetting any industry margin compressions. By providing multiple molecular and cellular knowledge within a single cell, flow cytometry techniques provide impressive diagnostic opportunities in the majority of oncologic and hematologic diseases. The flow cytometry market includes some specific benchtop applications, particularly in hematology and oncology, as well as general limitations that have proven profitable for the said market.

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Increasing healthcare spending and public awareness are expected to boost the flow cytometry market share. The FASCaliber flow cytometer has many applications, including cell sorting, immunophenotyping, intracellular calcium flux, and cell proliferation assays. This technique has several advantages, such as its ease of use, which are expected to increase its demand in the coming years. This method is increasingly used in clinical studies and research for all cytometry market participants, which has opened up a variety of new growth prospects all over the world.

Key Takeaways

  • A rising number of immunoassay techniques are rapidly being developed including the Accuri flow cytometer attributed to the recombinant antibody technology. Recombinant antibodies are extensively being used during the development of more sophisticated panels that come with affordable flow cytometer prices.
  • By combining the high specificity and affinity of monoclonal antibodies with recombinant technology, monoclonal antibodies incorporate a stronger ability to detect subtle antigenic alterations and small targets comprising epitope variants, post-translational modifications, and conformational changes.
  • Furthermore, nowadays it has become very common to change the flow cytometry region in order to avoid clashes with several other antibodies within a flow cytometry panel. By decreasing the high background which commonly takes place when antibodies bind to Fc receptors, recombinant antibodies have reduced the flow cytometry cost. As a result, varieties of market opportunities are now being established by the introduction of recombinant DNA technology for antibody production in flow cytometry.
  • The development of monoclonal antibodies, fluorescence, and laser technology has managed to diversify by adding new options for developing the best flow cytometers to investigate intracellular compartments for the determination of cellular functionality. In addition to that, the expansion of business over digital distribution channels has proven to be groundbreaking development for several small flow cytometer manufacturers with a limited and dispersed customer base.

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Competitive Landscape

Several key companies in the flow cytometry production sphere are witnessing fierce competition and the overall market is highly fragmented due to the presence of local and regional players in the market. In order to expand the consumer base and meet the demands of consumers, the prominent flow cytometry market players are implementing methods such as acquisitions and mergers, collaborations and partnerships, and new product launches.

Key Players Profiled in the Flow Cytometry Market Report

  • Beckman Coulter, Inc. (Danaher)
  • Becton Dickinson & Co.
  • Life Technologies Corporation (Thermo Fisher Scientific Inc.)
  • Miltenyi Biotech
  • Luminex Corp.
  • Merck KGaA
  • bioMérieux SA
  • Agilent Technologies
  • Bio-Rad Laboratories
  • Apogee Flow Systems Ltd.
  • Sysmex Partec
  • Sony Biotechnology
  • Cytek® Biosciences
  • Sartorius AG
  • Hamamatsu Photonics K.K
  • FURUKAWA ELECTRIC CO., LTD.
  • Accellix.
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd

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Key Segments

By Product Type:

  • Flow Cytometer System
    • Tradition Flow Cytometer
      • Cell Sorters
      • Imaging Flow Cytometers
    • Acoustic Focusing Cytometers
    • Next Generation Flow Cytometers
    • Reagents, Consumables & Accessories
    • Software
    • Services

By Application:

  • Immunophenotyping
  • Cell Sorting
  • Cell Cycle Analysis
    • Apoptosis
    • Cell Proliferation Assays
    • Intracellular Calcium Flux
  • Detection & Sorting of Exosomes
  • Others

By Usage:

  • Research Use
  • Clinical Diagnostics

By End User:

  • Hospitals
  • Diagnostic Laboratories
  • Academic and Research Institute
  • Biopharmaceutical Companies

Have a Look at Related Research Reports of Healthcare Domain:

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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