According to IMARC Group latest report titled” Flow Cytometry Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the market grew at a CAGR of around 8% during 2014-2019. The global flow cytometry market to exhibit moderate growth during the next five years.
Market Trends & Driver:
Flow cytometry stands for a biophysical, laser-based technology that processes and analyzes various physical traits of cell or particles suspended in a fluid when passed through a laser beam. This technique is prominently used for cell counting, cell sorting, determining cell characteristics and function. Flow cytometry is also adopted for detecting the presence of microorganisms, biomarkers, protein engineering, and disease-causing pathogens.
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The high prevalence of chronic blood-related diseases, such as cancer and HIV-AIDS, which require toxicity testing of the blood, is primarily driving the demand for flow cytometry. Furthermore, the increasing need for accurate, rapid, and sensitive prognosis techniques for disease diagnosis is also augmenting the market growth. Moreover, the growing focus on stem cell-based research activities, along with the increasing adaptation of recombinant DNA technology for antibody production, is further propelling the adoption of flow cytometry. Additionally, various technological advancements have led to the integration of flow cytometers with artificial intelligence. Furthermore, the increasing investments for the development of innovative cytometry devices for high-throughput multifunctional analysis are further expected to catalyze the market for flow cytometry.
Competitive Landscape Keyplayers Landscape:
The report has also analysed the competitive landscape of the market with some of the key players.
Flow Cytometry Market Segmentation:
Our report has categorized the market based on Region, Product and Service, Technology, Application and End-Use.
By Product and Service:
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