Global Flow Cytometry Market Report and Forecast 2024-2032

Global Flow Cytometry Market Size

The global flow cytometry market was valued at USD 5.29 billion in 2023, driven by the advent of artificial intelligence enabled automated systems across the globe. The market is expected to grow at a CAGR of 7.8% during the forecast period of 2024-2032, with the values likely to rise from USD 5.71 billion in 2024 to USD 10.41 billion by 2032.

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Global Flow Cytometry Market Outlook

Flow cytometry is an analytical technique used to identify cells based on molecular characteristics. It is used to isolate information on specific types from different organs of the body or bodily fluids which may be difficult to separate from each other. It is widely used by researchers in immunophenotyping, cell cycle analysis, cell sorting, apoptosis, and intracellular calcium flux.

The pharmaceutical industry, tech companies, and medical diagnostics are driving explosive expansion in the field. Toxicology studies rely heavily on it since it helps investigators understand how drugs affect different cell types and how processes like cell cycle alterations and apoptosis work. It has been widely used in pharmaceutical research because of its accuracy and efficiency in assessing cell-based tests. The flow cytometry market value is impacted by significant improvements in the flow cytometer technologies, with a vision to offer improved workflows via innovation and automation. The market is driven by increasing mergers and collaborations between companies and advancements in the existing technologies for better solutions. The advent of artificial intelligence and robotics is a major driver for enhanced market value.

Global Flow Cytometry Market Analysis

Rising desire for personalised treatment, new technologies, and increasing use in areas such as immunology, cancer, are all contributing to the worldwide expansion of flow cytometry. As the healthcare industry places a greater emphasis on precision medicine and biomarker identification, the demand for improved cellular analysis tools in research and clinical diagnostics is on the rise. Consequently, the demand for flow cytometry is expected to grow, with spectral flow cytometry becoming more popular for improved multiparametric analysis. Flow cytometry reagents market is growing at a substantial rate due to the rising requirement for reagents that are specifically designed to meet the needs of research and diagnostics. The market is witnessing development of high-throughput flow cytometry systems along with artificial intelligence and machine learning algorithm driven analytical tools to provide precise and accurate solutions.

Global Flow Cytometry Market Drivers

Increasing Prevalence of Chronic Diseases

When it comes to analysing and quantifying cells or particles within a heterogeneous mixture, flow cytometry is a strong analytical tool. It uses optics and lasers to find and quantify features, including particle or cell size, shape, and fluorescence intensity. Since chronic diseases including cancer, diabetes, cardiovascular diseases are on the rise, flow cytometers are anticipated to witness wide applications in combating the morbidities associated with such diseases. With its adaptable software, hardware, and applications, flow cytometry is becoming an indispensable tool for studying biological systems. Its practical applications cover a wide range of scientific fields, including drug development, immunology, cancer research, stem cell studies, and microbiology.

Rising Emphasis on Drug Discovery and Development

Drug discovery and development is a primary area of attention amongst flow cytometry companies and scientists to address unmet needs of patients suffering from rare diseases. The extraordinary capacity of flow cytometry to examine varied cell types has made it a crucial instrument in the field of medication research and discovery. When it comes to understanding the biology and functional properties of specific cells, flow cytometry is indispensable, especially in the pharmaceutical industry. New bioactive drug candidates can be more easily identified and evaluated thanks to recent developments in flow cytometry, which has greatly simplified the drug discovery process. Some examples of recent developments in the field of flow cytometry include faster event detection and resolution, better cell sorting capabilities, and the ability to do high-throughput multifactorial studies.

Global Flow Cytometry Market Trends

Constant Improvements in Technology

Incorporating microfluidic technology into flow cytometry devices is a new development that aims to improve their accuracy and efficiency. This development allows for more precise analysis, which in turn opens new opportunities, likely to boost the share for flow cytometry services market in the forecast period. The integration of augmented reality (AR) technology into flow cytometer data display also represents a giant step toward better user experience. Augmented reality technology makes data interpretation more engaging and intuitive by allowing real-time interaction with complex cytometry data. Innovations like these are fuelling the flow cytometry market expansion by making devices more useful.

Preference for Eco-Friendly Flow Cytometers

Eco-friendly flow cytometers are becoming a critical part of scientific research, driven by increasing emphasis on practising sustainability. Several companies are investing in research and development of green and clean technologies, along with regulatory authorities imposing strict rules to limit electronic waste and the use of hazardous materials. The production of reusable and biodegradable flow cytometry consumables is on the rise, intended to minimise wastes. Some of the prominent eco-friendly flow cytometers include BD FACSMelody™, Sony SH800 and Cytek® Aurora among others.

Adoption of Automation for Preparing Samples

There is a rising movement in the flow cytometry industry to automate sample preparation procedures and make the entire process more efficient. Companies are investing in integrated systems to automate these processes, which will boost production and decrease the need for human oversight. The demand for automated equipment in the flow cytometry market is skyrocketing as a wide range of companies look to boost efficiency and production.

Recent Developments in the Global Flow Cytometry Market

Surge in Partnerships and Acquisitions to Boost the Market Value

In January, 2024, Thermo Fisher Scientific Inc., a leading provider of analytical equipment and life sciences solutions, collaborated with C-CAMP to launch a Centre of Excellence in Bengaluru. This was done to facilitate the development of the institute. Being a centre of scientific innovation and medical research, India is witnessing an influx of foreign capital, directed towards improving the healthcare infrastructure. The partnership also offers workflow solutions for molecular biology along with research and training opportunities to upskill the medical personnel pertaining to the region. With this new collaboration, Thermo Fisher Scientific is in an excellent position to continue expanding its presence in the rapidly expanding biotechnology industry in India, which is projected to reach a value of USD 300 billion by the year 2030.

In January, 2024, Cytek Biosciences, Inc., a leading firm in the field of cell analysis solutions, signed an agreement with the Centre for Genomic Regulation (CRG) and Pompeu Fabra University (UPF) with the intention of fostering technical innovation and accelerating scientific breakthroughs in flow cytometry. As per the terms of agreement, Cytek is designated to offer new spectral cytrometry platforms along with specialised training personnel to the CRG-UPF Flow Cytometry Unit’s headquarters. Such initiatives indicate an emphasis on educating the medical professionals with latest technologies.

In January, 2024, the oncology testing services provider NeoGenomics, Inc., partnered with the artificial intelligence company ConcertAI, LLC, a frontrunner in cancer real-world evidence data analytics to develop a large scale hematological solution that utilises flow cytometry. In addition, this partnership highlights a mutual dedication of adopting sustainable alternatives and bring good to the world, both socially and environmentally. This partnership will bring about groundbreaking innovations and advancements in oncology.

New Product Launches to Offer Improved Solutions to the Patients

In June, 2023, BD launched FACSDuet TM Premium Sample Preparation System, an automated clinical flow cytometry that altered the landscape of clinical flow cytometry diagnostic sample preparation. This automated system reduces the amount of time spent manually transferring samples to the BD FACSLyricTM Clinical Flow Cytometry solution, which speeds up procedures such as washing, centrifuging, and cocktailing. The rising incidence of new product launches by key companies is likely to boost the market value of flow cytometry in the forecast period.

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Global Flow Cytometry Market Segmentation

Market Breakup by Product & Services

• Instruments
  • Cell Analyzers
  • Cell Sorters

• Reagents & Consumables

• Solutions & Software

• Services

Market Breakup by Technology

• Bead-based

• Cell-based

Market Breakup by Application
 

• Research
  • Cell Sorting
  • Immunology
  • Apotosis
  • Pharmaceutical & Biotechnology
  • Others

• Clinical
  • Hematology
  • Organ Transplantation
  • Autoimmune Diseases
  • Cancer Diagnosis

• Industrial

• Others

Market Breakup by End User

• Hospitals

• Biotechnology and Pharmaceutical Companies

• CROs

• Clinical and Diagnostic Labs

• Research and Academic Institutes

Market Breakup by Region
 

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Flow Cytometry Market Share

Reagents and Consumables to Hold a Significant Market Value

The market segmentation based on products and services is divided into instruments, reagents and consumables, solutions, and software along with services. The instruments are further divided into cell analyzers and cell sorters. In the forecast period, the market share for reagents and consumables is expected to hold a notable market share. Flow cytometry reagents are in high demand due to the increasing variety of diagnostic tests performed in hospitals and clinics around the world. These tests are used to diagnose diseases like cancer and HIV among others. Consumables, including fluorochrome conjugated antibodies, and flow cell sheath fluids play a critical role in the effectiveness and accuracy of flow cytometry. Rising adoption of eco-friendly and high-quality reagents, that help in maintaining proper instrument calibration are amongst the major factors fuelling the growth of consumables segment in the market.

Biotechnology and Pharmaceutical Companies Lead the Global Market Share Based on End Users

Based on end users, the market segmentation includes hospitals, biotechnology, and pharmaceutical companies, CROs, clinical and diagnostic labs along with research and academic institutes. Biotechnology and pharmaceutical companies are estimated to hold a notable in the forecast period. The market growth can be attributed to drug companies rapidly expanding pharmaceutical business, primarily driven by a focus on individualized therapy. Increasing application of flow cytometry in hospitals, CROs, clinical and diagnostic labs is another factor projected to fuel the market value in the forecast period. In addition, the rising demand for sophisticated analytical instruments, such as flow cytometers and consumables drives market growth.

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Global Flow Cytometry Market Regional Analysis

Based on regions, the market is segmented into North America, Europe, Asia Pacific, Latin America, along with Middle East and Africa. The flow cytometry is anticipated to be dominated by the North American region, owing to the presence of affluent universities, biotech enterprises, and research institutes. The United States is well-positioned to lead the North American region in flow cytometry innovation and development.

In Europe, the world-class research institutions and biotech firms in developed countries like United Kingdom, France, Italy, and Germany contribute to its significant market value. In the Asia Pacific region, the flow cytometry services market is expected to flourish driven by increased expenditure into the healthcare infrastructure, research and development, along with a diverse patient base. The availability of affordable resources along with skilled working professionals are major factors fuelling the market growth in the region.

Global Flow Cytometry Market: Competitive Landscape

The key features of the market report include patent analyses, funding and investment analysis, strategic initiatives by the leading key players. The major companies in the market are as follows:

Danaher Corporation

Founded in 1969 and headquartered in Washington, this company produces a variety of flow cytometry products like clinical flow cytometer, Navios EX flow cytometer, CytoFLEX nano Flow Cytometer.

Becton, Dickinson, and Company

Founded in 1897, and headquartered in New Jersey, United States, Becton, Dickinson and Company (BD) has launched a range of flow cytometry products, including BD FACSDuet, BD FACSDuet Premium, BD Horizon RealYellow and RealBlue Reagents.

SYSMEX CORPORATION

Headquartered in Japan, this company manufactures a variety of products including XF-1600, CyFlow Cube 6, CyFlow Cube 8, CyFlow Space, and PS-10.

Agilent Technologies, Inc.

California, United based Agilent Technologies was established in 1999. The company produces Agilent NovoCyte Penteon, NovoCyte Flow Cytometer. Deploying latest technologies into their equipment, the company is projected to bring advanced cytometers in the market.

Other companies in the market include Beckman Coulter, Inc., Apogee Flow Systems Ltd., Bio-Rad Laboratories, Inc., Thermo Fisher Scientific, Inc., Stratedigm, Inc., DiaSorin SpA, Miltenyi Biotec, Sony Biotechnology, Inc., Nanocellect Biomedical, Inc., and Merck KGaA.

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report

Key Questions Answered in the Global Flow Cytometry Market Report

• What is flow cytometry?
• What is the current outlook of the flow cytometry market?
• How has the market size evolved in recent years?
• What is the market share of the leading companies in the flow cytometry market?
• What are the primary market dynamics influencing the flow cytometry market?
• What factors are driving the growth of the flow cytometry market?
• How does the segmentation of the flow cytometry market look like by product type?
• How do biotechnology and pharmaceutical companies leverage flow cytometry in their operations?
• What are the prevailing trends in the flow cytometry market?
• What role does flow cytometry play in stem cell research?
• What advancements are being made in drug discovery using flow cytometry?
• What are the key drivers for the flow cytometry market?
• How significant is the role of software in the advancement of flow cytometry technologies?
• How does the competitive landscape of the flow cytometry market appear?
• How does cell sorting contribute to the utility of flow cytometry in research?
• How is flow cytometry used in immunology research?
• What role does flow cytometry play in organ transplantation diagnostics?
• What recent developments have occurred in the flow cytometry market?
• What is the role of flow cytometry consumables in the overall market?
• How is the flow cytometer reagents market performing compared to other segments?
• What is the size of the flow cytometry reagents market?
• What is the market share of flow cytometry services?
• What is the growth potential of the flow cytometry reagents market?
• What are the main applications of flow cytometry in various industries?
• How is the Latin America flow cytometry market expected to evolve?
• What trends are emerging in the flow cytometry reagents market?
• What are the key applications of flow cytometry in apoptosis research?
• How does the global flow cytometry market compare to regional markets?
• What are the key industry trends and growth rates for the flow cytometry market?
• What are the differences between bead-based and cell-based flow cytometry technologies?
• What are the major product and service segments in the flow cytometry market?
• What is the market share of reagents and consumables in the flow cytometry market?
• How are services evolving and what is their impact on overall market growth?
• What are the future growth prospects and potential challenges in the flow cytometry market?
• How are emerging markets impacting the global flow cytometry market?
• What is the market demand for flow cytometry in commercial organizations versus academic institutes?

Flow Cytometry Market Report Snapshots

Flow Cytometry Market Size

Flow Cytometry Market Trends

Flow Cytometry Market Share

Flow Cytometry Market Regional Analysis

Flow Cytometry Companies