Flow cytometry is a laser-based biotechnology used for analyzing physical and chemical characteristics of cells or particles as they flow in a fluid stream through a beam of laser light. It allows simultaneous multi-parameter analysis of the physical and chemical characteristics of thousands of particles per second. Flow cytometry is widely used in research and medical diagnostics, including detection and monitoring of diseases such as HIV/AIDS, cancer, and rare blood disorders.
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 2031.
Key Takeaways
Key players operating in the flow cytometry market are Google Inc., Apple Inc., Rethink Robotics, BAE Systems, Narrative Science Inc., Creative Virtual Ltd., Microsoft Corporation, Digital Reasoning Systems, Inc., and IBM Corporation. The increasing adoption of flow cytometry techniques in clinical diagnostics and drug discovery offers significant growth potential for players in the flow cytometry market. Advancements in artificial intelligence and machine learning have enabled development of user-friendly flow cytometry data analysis software with advanced data analysis capabilities. This is expediting the analysis of large and complex flow cytometry data.
Market drivers
The major driver for the Flow Cytometry Market Trends is the growing prevalence of chronic and infectious diseases worldwide. Flow cytometry finds wide application in disease diagnosis, monitoring disease progression, and detection of minimal residual diseases. Additionally, continuous technological advancements are simplifying workflow and improving capabilities of flow cytometers. Integration of artificial intelligence and machine learning is allowing development of intelligent systems for advanced analysis of high-dimensional flow cytometry data. This is increasing the adoption of flow cytometry techniques in research and clinical settings. Rising healthcare expenditure and increasing healthcare access in emerging markets further support the growth of the global flow cytometry market.
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