FELTON, California, October 11, 2017 /PRNewswire/ --
The global flow cytometry market size was estimatedat USD 3.27 billion in 2016 and is anticipated to grow at CAGR of 10.6% in coming years. Key drivers of this market include increasing incidence of chronic disorders that requires toxicity testing for cancer tests and need
Increasing awareness levels amongst healthcare experts and patients coupled with rising healthcare expenditures are major factors driving the growth. Furthermore, related benefits of cell-based assays including development in reagents and software employed for the study, ease-of-use and high sensitivity and reproductively are some other elements anticipated to boost the growth in coming years.
Cell-based technology held the leading position in 2016. Rising demand for advance diagnosis and increasing awareness related to related advantages with cell-based analysis are the elements contributing to its leading position during the coming years. Cell-based flow cytometry involves substantial usage in variety of research fields. This analysis is applied in the discovery of drug for physiological importance of results.
In 2016, instrument segment was the market leader due to huge penetration combined with benefits such as user-friendliness, accurate result and cost-effective characteristic. Consumables and reagents, due to their high application in diagnosis of cancer are anticipated to account for high growth.
Browse 75 page research report with TOC on "Global Flow Cytometry Market" at: https://www.millioninsights.com/industry-reports/flow-cytometry-market This technology is used in industrial sectors, research and clinical diagnosis. Research segment held leading position in 2016 due to increasing R&D for cancer and other infectious diseases diagnosis and treatment. Flow cytometry has applications even in some other industries including plant tissue culture and food microbiology.
The commercial organization segment dominated the industry due to extensive applications in various verticals including plant cell culture, food microbiology and blood banks. The entry of reagents and multiplex probes for definite usage in diagnostics and discovery of drug is anticipated to benefit this vertical accompanied with development opportunities by offering the users in research and small- scale peripheral laboratories.
North America held leading position in 2016 owing to the availability of solicitous government initiatives for the growth of enhanced technologies pertaining to molecular diagnostics. Furthermore, presence of skilled experts and larger awareness levels are the other factors expected to drive the growth in regional market.
Some major players functioning in this industry include Agilent Technologies; Apogee Flow Systems Ltd.; Becton, Dickinson and Company; Beckman Coulter, Inc.; Bio-Rad Laboratories, Inc.; GE Healthcare; Luminex Corporation; Merck & Co., Inc., Miltenyi Biotec; Stratedigm, Inc.; Sysmex Corporation and Thermo Fisher Scientific.
The market is fierce in nature as major players are involved in persistent product development and alliances to help market penetration. Rising number of outsourcing service providers are anticipated to boost industry rivalry in the coming years.
Browse reports of similar category available with Million Insights:
Market Segmentation: Global Flow Cytometry Application Outlook (Revenue, USD Million, 2014 - 2025) Cell-based Bead-based
Global Flow Cytometry Product & Services Outlook (Revenue, USD Million, 2014 - 2025) Instruments Reagent & consumables Software Accessories services
Global Flow Cytometry Application Outlook (Revenue, USD Million, 2014 - 2025) Research Pharmaceutical Drug discovery Stem cells In vitro toxicity Apoptosis Cell sorting Cell cycle analysis Immunology Cell viability Industrial Clinical Cancer Organ transplantation Immunodeficiency Hematology
Global Flow Cytometry End-use Outlook (Revenue, USD Million, 2014 - 2025) Commercial organizations Hospitals Academic institutes Clinical testing labs
Flow Cytometry Regional Outlook (Revenue, USD Million, 2014 - 2025) North America U.S. Canada Europe UK Germany Asia Pacific Japan China India Latin America Mexico Brazil MEA South Africa
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