Flow Cytometry Innovations Contribute to User Uptake and Market Growth

The global flow cytometry market is poised to undergo significant changes. New molecular diagnostic and monoclonal antibody tests, the introduction of small and easy-to-use laser systems and advances in IT will all contribute to market growth. The global market for flow cytometry is valued at an estimated USD 4.6 billion and is expected to reach USD 7.3 billion in 2023 at a compound annual growth rate of 9.7 percent. Major players in the industry include: Beckman Coulter (Danaher Corp., DHR), Becton Dickinson & Co. (BDX), Miltenyi Biotec, Thermo Fisher Scientific Inc. (TMO), MilliporeSigma (Merck KGaA, MKKGY), Luminex Corp. (LMNX), and others.

Research Highlights:

• North America holds the dominant market position due to innovations in instrumentation design, availability of a wide array of reagents, and the large potential for clinical research in this region.
• Europe follows, with a market that is expected to grow by 8.2 percent. Europe benefits from the presence of prominent players including IntelliCyt Corp. and MilliporeSigma.
• The increased research and clinical needs for flow cytometry in emerging countries are expected to drive growth in these markets by 12.9 percent. Better healthcare infrastructures are attracting higher investments from foreign companies.

“The global flow cytometry market is poised to remain among the fastest-growing segments of the life sciences and clinical diagnostics markets,” said BCC Research analyst and report author Honey Dave. “Flow cytometry offers some of the greatest potential for growth and innovation in these areas. Market restraints include the high cost of instruments, shortage of trained personnel and lack of awareness among end users.”

Software advances spur flow cytometry use

Developments in flow cytometry software are boosting the adoption of this technique in many research areas. New software packages allow multiparameter analysis, enhanced user controls, automation and data reporting, among other features such as cloud connectivity. These allow users to gain deeper insight into cellular features. – BCC Research