February 12, 2019
WELLESLEY, Mass., Feb. 12, 2019 – The global flow cytometry market is poised to undergo significant changes. New molecular diagnostic and monoclonal antibody tests, the introduction of small and easy-to-use laser systems and advances in IT will all contribute to market growth, according to a new report by BCC Research.
The global market for flow cytometry is valued at an estimated $4.6 billion and is expected to reach $7.3 billion in 2023 at a compound annual growth rate of 9.7% during the forecast period, according to the report “Flow Cytometry: Products, Technologies and Global Markets.”
Major players in the industry include: Beckman Coulter (Danaher Corp., DHR), Becton Dickinson & Co. (BDX), Miltenyi Biotec, Thermo Fisher Scientific Inc. (TMO), MilliporeSigma (Merck KGaA, MKKGY), Luminex Corp. (LMNX), and others.
“The global flow cytometry market is poised to remain among the fastest-growing segments of the life sciences and clinical diagnostics markets,” said BCC Research analyst and report author Honey Dave. “Flow cytometry offers some of the greatest potential for growth and innovation in these areas. Market restraints include the high cost of instruments, shortage of trained personnel and lack of awareness among end users.”
Software Advances Spur Flow Cytometry Use
Developments in flow cytometry software are boosting the adoption of this technique in many research areas. New software packages allow multiparameter analysis, enhanced user controls, automation and data reporting, among other features such as cloud connectivity. These allow users to gain deeper insight into cellular features.
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Flow Cytometry: Products, Technologies and Global Markets( BIO085D )
Publish Date: Feb 2019
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