Flow Cytometry Market Report, Size Segments and Growth 2021: Research Strategies - UMI

A comprehensive overview of the Flow Cytometry Market is recently added by UnivDatos Market Insights to its humongous database. The flow cytometry market report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the flow cytometry market. The report offers a detailed analysis of the latest industry developments and trending factors that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the flow cytometry market at the global and regional levels. The Global Flow Cytometry Market is expected to grow at a significant rate by 2027.

Market Overview

Companies are launching new and advanced flow cytometry products and techniques to help the researchers in gathering fast and accurate results for the Covid-19 virus and other chronic diseases. For instance, in 2020, Miltenyi Biotech introduced the world’s first operator with its new MACS GMP Tyto cartridge, which creates fluorescence-based, GMP-cell sorting compliant opportunities. It was first used on human trials, particularly in people with Parkinson’s disease. Further, M&A activities in the industry is also expected to boost the market growth of flow cytometry. In 2019, Luminex Corporation completed the acquisition of MilliporeSigma's flow cytometry portfolio for US$ 75 million in combined stock, asset, and inventory purchases. The acquisition is expected to contribute US$ 40 million to US$ 50 million in revenue to the company.

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Furthermore, increasing incidences of chronic disease are also promoting the flow cytometry market globally. For instance, according to the World Health Organization (WHO), every year, more than 15 million people die from Noncommunicable diseases (NCD) between the ages of 30 and 69 years and 85% of these "premature" deaths occur in low- and middle-income countries.

COVID-19 Impact

The flow cytometry market witnessed lucrative growth over the Covid-19 pandemic. The growing incidences of clinical research and clinical trials for making Covid-19 vaccines across the world have influenced the use of flow cytometry techniques for faster and accurate results. For instance, in April 2020, the NIH announced the Accelerating Covid-19 Therapeutic Interventions and Vaccines (ACTIV) public-private partnership to develop a coordinated research strategy for prioritizing and speeding the development of the most promising treatments and vaccines. Furthermore,  Cytek Biosciences attained clinical use certification in China in 2019 for its DxPTM Athena and Northern Lights CLC instruments (Flow cytometers), which has enabled it to support a growing list of clinical research institutions, including a hospital in the center of the pandemic in Wuhan.

Global Flow Cytometry Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Product, the market is primarily bifurcated into

• Instruments
• Reagents and Consumables
• Replaceable components
• Accessories
• Software
• Services

The reagents & consumables segment grabbed the major market in 2020 due to their augmented implementations in diagnostic and research fields.

By Technology, the market is primarily bifurcated into

• Cell-based
• Bead-based

The bead-based segment ruled the market and accounted for X% share in 2020. The dominanc of the segment can be atrtributed to the practical advantages presented by the technology over the cell-based technology (such as ELISA, northern blot, and western blot), comprising its ability to spot multiple analytes, high reproducibility, stability, and speed.

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By Application, the market is primarily bifurcated into

• Research Applications
• Clinical Applications
• Industrial Applications

The research applications segment grabbed the major market in 2020. The highest share of this segment can be attributed to the increasing R&D activities connected to cancer and infectious diseases, including Covid-19.

By End-user, the market is primarily bifurcated into

• Academic & Research Institutes
• Hospitals & Clinical Testing Laboratories
• Pharmaceutical & Biotechnology Companies

The hospitals & clinical testing laboratories segment ruled the market and accounted for the maximum share in 2020 due to the increasing number of research for chronic diseases such as cancer, HIV, Immunological disorders including Covid-19.

Flow Cytometry Market Geographical Segmentation Includes:

• North America (the United States, Canada, and Rest of North America)
• Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)
• Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific)
• Rest of the World

Based on the estimation, North America constitutes a major market for flow cytometry and generated revenue of US$ XX million in 2020. The dominance can be attributed to the high government funding, robust personal healthcare spending, developed awareness programs, rapid acceptance of new analytical techniques, and the presence of skilled workforces.

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The major players targeting the market includes

• Thermo Fisher Scientific
• Beckman Coulter, Inc.
• Danaher Corporation
• Becton, Dickinson, and Company
• Luminex Corporation
• Agilent Technologies, Inc.
• Bio-Rad Laboratories, Inc.
• Miltenyi Biotec
• Apogee Flow Systems Ltd.
• Sony Biotechnology, Inc.

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the flow cytometry market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the flow cytometry market?
• Which factors are influencing the flow cytometry market over the forecast period?
• What are the global challenges, threats, and risks in the flow cytometry market?
• Which factors are propelling and restraining the flow cytometry market?
• What are the demanding global regions of the flow cytometry market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?

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