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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.
Flow Cytometry Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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