Authored By: Sarah
20 Feb 2023

Flow Cytometer Market Size to Grow by USD 6,038.44 Million, at a CAGR of 13.12% Between 2022 and 2027

The flow cytometer market share is expected to grow at a CAGR of 13.12% between 2022 and 2027. The increasing expenditure on R&D and the increasing level of process automation provide a promising ground for the flow cytometer market. 

Increasing expenditure on R&D is a key factor driving the growth of the global flow cytometer market. Pharmaceutical companies are continuously focusing on R&D activities for the development of new drug molecules to enhance their product pipeline for a wide range of therapeutic applications. The growing demand for advanced technologies is the major factor contributing to the growth of the market

Browse Technavio's 168-page report and in-depth TOC on "Flow Cytometer Market by product (reagents and consumables, instruments, and others), end-user (pharmaceutical industry, health and diagnostic centers, and others), and geography (North America, Europe, Asia, and Rest of World (ROW)).

View detailed Table of Contents Here: https://www.technavio.com/report/flow-cytometer-market-industry-analysis

Flow Cytometer Market Size to Grow by USD 6,038.44 Million, at a CAGR of 13.12% Between 2022 and 2027

Reagents and Consumables Segment to be the Fastest-Growing Flow Cytometer Market Segment 

The flow cytometer market is segmented by product (reagents and consumables, instruments, and others), end-user (pharmaceutical industry, health and diagnostic centers, and others), and geography (North America, Europe, Asia, and Rest of World (ROW)).

The market share growth by the reagents and consumables segment will be significant during the forecast period. The segment generates high sales revenue due to the significantly higher volume of sales and the short product replacement or replenishment cycle. The increasing investments in developing new antibody and Deoxo-Fluor reagents that will allow the in-depth study of molecular and cellular biology will drive the demand for these reagents during the forecast period.

Shortage of Skilled Professionals Poses a Significant Challenge 

A shortage of skilled professionals is indirectly polluting the environment, which poses a major challenge to the growth of the global flow cytometer market. The increasing sophistication of these devices also leads to higher maintenance costs for end-users that rely heavily on them, such as companies in the biopharmaceutical industry. This shortage of skilled labor, combined with the growing sophistication of flow cytometer instruments, will prove to be a challenge to the growth of the market during the forecast period.

Major Flow Cytometer Market Vendors 

The market structure is fragmented, and the vendors are implementing various strategies such as technological innovations to compete in the market.  

Some of the major flow cytometer market vendors are Abbott Laboratories, Agilent Technologies Inc., Amphasys AG, Apogee Flow Systems Ltd., Becton Dickinson and Co., Bio Rad Laboratories Inc., Cytek Biosciences Inc., Danaher Corp., DiaSorin SpA, Enzo Biochem Inc., Miltenyi Biotec B.V. and Co. KG, Mindray Bio medical Electronics Co. Ltd, OLS OMNI Life Science GmbH and Co. KG, Onchip Biotechnology Co. Ltd.Corp., Sartorius AG, Sony Group Corp., Stratedigm Inc., Sysmex Corp., Thermo Fisher Scientific Inc., and Union Biometrica Inc.

agilent.com - The company offers flow cytometers such as NovoCyte Advanteon, NovoCyte Penteon, and NovoCyte Quanteon.

amphasys.com- The company offers flow cytometers such as Ampha X30.

apogeeflow.com- The company offers flow cytometers such as micro, universal, and micro GxP.

Download the PDF Sample Report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.   

Key Data Covered in the Flow Cytometer Market Report  

  • Precise market size estimation during the forecast period 2023-2027. 

  • CAGR of the flow cytometer market forecast during 2023-2027.  

  • Market-level data on units, average selling prices, and values of the flow cytometer market share.  

  • Prediction of the upcoming trends, drivers, and factors that challenge the flow cytometer market.  

  • Flow cytometer market growth across North America, Europe, Asia, and Rest of World (ROW).

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