Flow Cytometry Market is driven by Increasing adoption in Disease Diagnosis
The flow cytometry market comprises instruments, such as cell analyzers and cell sorters, and reagents and consumables, which include antibodies & peptides, kits & assay reagents, and dyes & buffers. The flow cytometry technique helps analyze physical and chemical characteristics of cells or particles as they flow in a fluid stream through an optical read zone. Flow cytometry allows simultaneous multiparametric analysis of the physical and chemical characteristics of up to thousands of particles per second. The technique is extensively adopted in research pertaining to stem cell investigation, immunology & cancer research, and DNA analysis in cytogenetics. It aids in the identification and counting of circulating tumor cells. The growing applications of flow cytometry in disease diagnosis, drug discovery, and stem cell research are fueling the market growth.
The Global Flow Cytometry Market is estimated to be valued at US$ 245.0 Mn in 2024 and is expected to exhibit a CAGR of 14. % over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the Flow Cytometry Market Trends are Google Inc., Apple Inc., Rethink Robotics, BAE Systems, Narrative Science Inc., Creative Virtual Ltd., Microsoft Corporation, Digital Reasoning Systems, Inc., and IBM Corporation. These players are focusing on R&D activities to develop advanced flow cytometry solutions.
The growing demand for flow cytometry in disease diagnosis and drug discovery are fueling the market growth. Flow cytometry has emerged as a standard technology for cancer diagnosis and monitoring responses to therapy. It allows comprehensive immunophenotyping, enabling detection of minimal residual diseases.
Global expansion of key market players through collaborations and partnerships will further propel the market revenue. For instance, in 2021, Apogee Flow Systems partnered with Bio-Rad Laboratories to develop high-throughput screening solutions integrated with flow cytometry instruments.
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