Flow cytometry is a biotechnological term that defines cell sorting, counting and detection of the biomarkers. This biophysical technology plays a vital role in protein engineering as it allows simultaneous multiparametric analysis of the chemical as well as physical characteristics of a wide amount of particles at one go. The large scale use and advantages of these products find them growing applications. Major applications for the flow cytometry market are found in diagnostics, biotechnology, and clinical processes. Growing applications and innovation are expected to create great demand in the industry. This rise in demand is set to help the global market grow at a steady rate during near future.
Scope of Research – segmentation
The global flow cytometry market is segmented on the basis of the types of products, technologies, applications, end-users and demand for these products across different geographic regions. Based on the types of products, the industry is divided into instruments, consumables, reagents, services, software, and accessories. The technology is segmented into bead-based and cell-based flow cytometry. The end-user segments include hospitals, commercial organizations, academic institutes, clinical testing labs, medical schools and such other users. The applications segment is divided into three basic segments, which include research fields, clinical applications and industrial applications. Following are the details of their sub-segments:
- Research Fields: Apoptosis, pharmaceutical, cell cycle, cell viability, cell collection and sorting, immunology and others
- Clinical: Cancer, organ transplantation, hematology, immunodeficiency diseases, and others
Drivers and Growth Prospects
Technological advancements in the existing practices are considered to be the most prominent driver for the global market. Growth in the use of various techniques and research activities along with rising use of cancer and HIV research and reagent specific applications of these methods are also expected to drive the growth in the flow cytometry market. Intuitive and user-friendly software programs and rising adoption of high-tech methods also play a crucial role in the global growth of the industry. However, high cost of the instruments, lack of awareness and training, and reluctance of the researchers are some of the major restraining factors for the industry. Despite all these hindrances, the global market is poised to make healthy growth.
From 2013 to 2018, the flow cytometry market is expected to grow at a CAGR of around 10%, to reach $3.7 billion by the end of the year 2018. Advancing technology and innovative applications are poised to play a vital role in the growing demand and global adoption of these technologies.