Flow Cytometry Market, By Technology (Cell-Based Flow Cytometry and Bead-Based Flow Cytometry), By Product (Analyzer, Sorter, and Reagents and Consumables), By Application (Research, Industrial, and Clinical), By End User (Hospitals, Clinical Testing Labs, Academics Institutes, and Commercial organizations), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa)- Trends, Analysis and Forecast till 2034

Report Code: PMI71319 | Publish Date: March 2024 | No. of Pages: 180

Global Flow Cytometry Market By Overview

Introduction:

Flow Cytometry Market was valued at US$ 5.4 billion in 2024 and is projected to grow at a CAGR of 9.6% to reach US$ 13.5 billion by 2034.

An in-lab procedure called Flow Cytometry is used to examine the properties of cells or other particles. A fluid-suspended sample of cells or other particles is introduced into a flow cytometer device during the procedure. The examination of infectious diseases, autoimmune diseases, or immunodeficiencies may involve the use of flow cytometry to categories and count different types of white blood cells. Leukemia and lymphoma are both classified and diagnosed using it. Flow cytometry is typically utilized as a follow-up test following a complete blood count (CBC) or white blood cell scan (WBC). This is especially true if preliminary tests revealed an elevated lymphocyte count, unusual cell counts, or the presence of immature blood cells.

Flow Cytometry Market - Introduction

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Global Flow Cytometry Market By Dynamics

Flow Cytometry Market Key Drivers:

  • Increasing need for efficient testing methods

The rising prevalence of infectious diseases globally is another factor driving the adoption of flow cytometry techniques. AIDS and tuberculosis lead to over 4.5 million deaths annually, and efficient immunophenotyping & cell isolation alternatives are essential for the mitigation of these diseases. The technique can offer a promising option for immunophenotyping, and pathogenic microbes can be easily detected from environmental samples using this technique.

As the infectious disease burden is substantially high in low- and lower-middle-income countries, a persistent rise in mortality due to emerging and re-emerging infectious diseases is anticipated to increase the demand for highly efficient testing options, such as flow cytometry.

  • Investment in R&D

Investments and funding have resulted in a robust R&D infrastructure in biotechnology, biopharmaceutical, clinical, and life sciences research. This is expected to further strengthen R&D for cell analysis in the field of new drug discovery and development activities with flow cytometry techniques. Furthermore, technological advancements in the latest flow cytometry instrumentation are resulting in enhanced accuracy, efficiency, and cost-effectiveness of these systems, which is expected to present new growth opportunities for the industry.

For instance, in January 2021, Pfizer Inc. invested USD 120 million as a part of the Pfizer Breakthrough Growth Initiative (PBGI) in biotechnology innovation.

Flow Cytometry Market Restrains:

  • Lack of Skilled Professionals & High Maintenance Costs

Despite the significant growth opportunities, the flow cytometry market faces several constraints that may hinder its full potential. One major restraint is the high cost associated with flow cytometry instruments, reagents, and maintenance, which can limit adoption, particularly in resource-constrained settings such as developing countries and smaller research laboratories. Additionally, the complexity of flow cytometry instrumentation and data analysis may pose challenges for users without specialized training, limiting widespread adoption and utilization. Regulatory hurdles and reimbursement limitations for flow cytometry-based diagnostic tests also present barriers to market growth, requiring rigorous validation and clinical utility demonstration to gain regulatory approval and reimbursement coverage.

Global Flow Cytometry Market By Segmentation

Flow Cytometry Market is segmented based on technology, product, application, end user, and region.

Technology Insight

  • Cell-Based Flow Cytometry: Cell-Based Flow Cytometry accounts for the dominant share in flow cytometry market over the forecast period. Increasing awareness about the benefits associated with cell-based assays and rising demand for early diagnosis are factors contributing to its dominance. Furthermore, technological advancements in cell-based assays, such as innovation in software, instruments, algorithms, affinity reagents, and labels, are expected to drive the adoption in the coming years.
  • Bead-Based Flow Cytometry: Bead-based flow cytometry is used to measure various intracellular soluble proteins, including growth factors, cytokines, chemokines, and phosphorylated cell signaling proteins. The need for these assays is expected to show lucrative growth in the coming years owing to advancements in monoclonal antibody production and molecular engineering and the accompanying advantages, such as cost-efficiency, short turnaround time, and micro-sampling capabilities.

Product Insights

  • Analyzer: Flow cytometry analyzers are instruments used to measure and analyze the physical and chemical characteristics of cells and particles as they flow in a fluid stream through a laser beam.
  • Sorter: Flow cytometry cell sorters are specialized instruments capable of separating individual cells or particles based on their physical and/or fluorescent properties. Sorters utilize electrostatic or mechanical mechanisms to deflect and divert cells into different collection tubes or wells, allowing for the isolation and purification of specific cell populations.
  • Reagents and Consumables: Reagents and consumables are essential components of flow cytometry assays, providing the necessary materials for sample preparation, staining, and analysis.

Application Insights

  • Research: Research segment contributes significantly to the growth of flow cytometry market over the forecast period as this technique finds applications in the pharmaceutical industry, such as drug development process including, target identification, drug characteristics & compound screening, non-clinical safety and toxicity evaluation, and clinical research.
  • Industrial: The industrial segment is expected to be the fastest-growing segment in flow cytometry market over the forecast period due to the increasing applications of flow cytometry in cell culture. The associated advantages of using flow cytometry in large-scale bioprocessing operations for drug development are expected to fuel market growth over the forecast period.
  • Clinical: Clinical segment holds the dominant position in flow cytometry market over the forecast period. This high share can be attributed to increasing research & development activities pertaining to cancer and infectious diseases, including COVID-19. Furthermore, rising R&D investments in the biotechnology and pharmaceutical industry are likely to create a conducive environment for market growth.

For instance, in March 2022, Beckman Coulter launched CellMek SPS, which is a powerful solution for data management and manual sample preparation bottlenecks in clinical flow cytometry.

End-user Insights

  • Hospitals: Hospitals segment contributes significantly in flow cytometry market as hospitals utilize flow cytometry for a wide range of diagnostic applications, including hematology, immunophenotyping, cancer diagnostics, infectious disease testing, and monitoring of transplant recipients.
  • Clinical Testing Labs: The clinical testing labs segment is anticipated to be the fastest-growing segment due to the growing need for cost-effective diagnosis of target diseases such as cancer. It is a widely used tool in the diagnosis and treatment of cancers and immunodeficiency diseases. The rising prevalence of cancer and chronic diseases has resulted in a high demand for diagnostic tests.
  • Academics Institutes: Academic institutes segment dominates the flow cytometry market over the forecast period. The technique is used in cell biology & molecular diagnostic studies to measure cell parameters such as the physical properties of cells and recognition of biomarkers through specific antibodies, cell type, cell lineage, and maturation stage. This technology has applications in several educational fields, including molecular biology, immunology, pathology, plant biology, and marine biology. With rising R&D activities, the segment is expected to exhibit significant growth during the forecast period.
  • Commercial organizations: The commercial organizations segment in the flow cytometry market comprises a diverse array of companies, including biotechnology firms, pharmaceutical companies, contract research organizations (CROs), academic research institutions, and diagnostic laboratories.

Regional Insights:

Flow Cytometry Market - Regional Insights

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Flow Cytometry Market Regional Insights

  • North America market is estimated to witness a significantly high revenue share over the forecast period due to the high implementation of scientifically advanced flow cytometry solutions, high healthcare expenditure, and well-established healthcare infrastructure in the U.S.
  • Asia Pacific market is estimated to witness fastest revenue share due to growing pharmaceutical and biotechnology industries in emerging economies, such as China and India. The industry is driven by the growing incidence of chronic diseases and the increasing use of cytometry devices in various applications in the region. Moreover, ongoing innovations in the fields of cancer & infectious illnesses, such as COVID-19, are expected to drive the regional market.
  • Europe: Europe is another major market for flow cytometry, characterized by a strong emphasis on healthcare quality, academic research, and biotechnology innovation.
  • Latin America: Latin America exhibits growing demand for flow cytometry technologies, driven by factors such as improving healthcare access, rising prevalence of chronic diseases, and increasing investment in healthcare infrastructure.
  • Middle East & Africa: The Middle East and Africa region show emerging opportunities in the flow cytometry market, driven by improving healthcare infrastructure, rising investments in life sciences research, and increasing prevalence of infectious diseases and cancer.

Report Scope:

Attribute

Details

Market Size 2024

US$ 5.4 billion

Projected Market Size 2034

US$ 13.5 billion

CAGR Growth Rate

9.6%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Technology - Cell-Based Flow Cytometry and Bead-Based Flow Cytometry

By Product - Analyzer, Sorter, and Reagents and Consumables

By Application - Research, Industrial, and Clinical

By End User -  Hospitals, Clinical Testing Labs, Academics Institutes, and Commercial organizations

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Flow Cytometry Market report based on technology, product, application, end user, and region.

Flow Cytometry Market, By Technology:

  • Cell-Based Flow Cytometry
  • Bead-Based Flow Cytometry

Flow Cytometry Market, By Product:

  • Analyzer
  • Sorter
  • Reagents and Consumables

Flow Cytometry Market, By Application:

  • Research
  • Industrial
  • Clinical

Flow Cytometry Market, By End-user:

  • Hospitals
  • Clinical Testing Labs
  • Academics Institutes
  • Commercial organizations

Flow Cytometry Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Flow Cytometry Market By Key Players

The key players operating the Flow Cytometry Market includes, Becton, Dickinson and Company, Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., Miltenyi Biotec GmbH, Sysmex Corporation, Luminex Corporation, Danaher Corporation, Agilent Technologies, Merck & Co., Inc., and General Electric Company.

Global Flow Cytometry Market By Company Profile

  • Thermo Fisher Scientific, Inc.*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Becton, Dickinson and Company
  • Bio-Rad Laboratories, Inc.
  • Miltenyi Biotec GmbH
  • Sysmex Corporation
  • Luminex Corporation
  • Danaher Corporation
  • Agilent Technologies
  • Merck & Co., Inc.
  • General Electric Company.

“*” marked represents similar segmentation in other categories in the respective section.

Global Flow Cytometry Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Flow Cytometry Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Technology
      • Market Snippet, By Product
      • Market Snippet, By Application
      • Market Snippet, By End-user
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Flow Cytometry Market, By Technology, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Cell-Based Flow Cytometry
      • Overview
      • Market Flow Cytometry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Bead-Based Flow Cytometry
      • Overview
      • Market Flow Cytometry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Flow Cytometry Market, By Product, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Analyzer
      • Overview
      • Market Flow Cytometry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Sorter
      • Overview
      • Market Flow Cytometry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Reagents and Consumables
      • Overview
      • Market Flow Cytometry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Flow Cytometry Market, By Application, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Research
      • Overview
      • Market Flow Cytometry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Industrial
      • Overview
      • Market Flow Cytometry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Clinical
      • Overview
      • Market Flow Cytometry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  8. Global Flow Cytometry Market, By End-user, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Hospitals
      • Overview
      • Market Flow Cytometry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Clinical Testing Labs
      • Overview
      • Market Flow Cytometry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Academics Institutes
      • Overview
      • Market Flow Cytometry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Commercial organizations
      • Overview
      • Market Flow Cytometry and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  9. Global Flow Cytometry Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Flow Cytometry and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By Product, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By End-user, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Flow Cytometry and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By Product, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By End-user, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By Country, 2020 – 2030
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Flow Cytometry and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By Product, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By End-user, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By Country, 2020 – 2030
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Flow Cytometry and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By Product, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By End-user, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Flow Cytometry and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By Product, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By End-user, 2020 – 2030
      • Market Flow Cytometry and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  10. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  11. Company Profiles
      • Becton, Dickinson and Company
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategies
      • Thermo Fisher Scientific, Inc.
      • Bio-Rad Laboratories, Inc.
      • Miltenyi Biotec GmbH
      • Sysmex Corporation
      • Luminex Corporation
      • Danaher Corporation
      • Agilent Technologies
      • Merck & Co., Inc.
      • General Electric Company
  12. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The flow cytometry market report segments the market on the basis of technology, product, application, end user, and region.

High Instrument Costs, Complexity of Instruments, Lack of Skilled Professionals, Reimbursement Issues, Availability of Alternative Technologies

Growing Applications in Medical Diagnostics and Research, Technological Advancements, Increasing Incidence of Chronic Diseases, Drug Discovery and Development

North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa North America, particularly the United States, has historically been a major market player due to advanced healthcare infrastructure and significant research activities. However, the market dynamics can shift over time.

Key players in the flow cytometry market includes, Becton, Dickinson and Company, Thermo Fisher Scientific, Inc., Bio-Rad Laboratories, Inc., Miltenyi Biotec GmbH, Sysmex Corporation, Luminex Corporation, Danaher Corporation, Agilent Technologies, Merck & Co., Inc., and General Electric Company.