Global Flow Cytometry Market set to double by 2032, driven by technological advancements and increased demand
From GlobeNewswire: 2024-12-20 07:30:00
The global Flow Cytometry Market was valued at USD 5.34 billion in 2023 and is projected to reach USD 11.41 billion by 2032, growing at a CAGR of 8.82%. Factors driving market growth include technological advancements, increased applications in fields like immunology and oncology, and rising demand for early diagnostics and personalized medicine.
Cell-based flow cytometry dominated the market in 2023, accounting for 65% share, crucial for studying cellular characteristics. Bead-based flow cytometry is the fastest-growing segment, offering high sensitivity and multiplex assay capabilities, beneficial for biomarker discovery and infectious disease diagnostics.
Reagents and consumables held a 45% market share in 2023, essential for laboratory operations like clinical diagnostics and research applications. Software solutions for flow cytometry are rapidly growing, meeting the demand for advanced data analysis and automation features.
North America led the market in 2023, driven by strong healthcare infrastructure and technological advancements. The Asia Pacific region, particularly China, Japan, and India, is witnessing rapid growth due to increased investments in healthcare infrastructure and research and development focus.
Recent developments include BioAffinity’s CyPath Lung Cancer Test receiving support from flow cytometry guidelines and Beckman Coulter Life Sciences obtaining FDA clearance for its DxFLEX Flow Cytometer with APD detector technology. Sysmex Corporation has released its Clinical Flow Cytometry System in Japan, automating flow cytometry testing for hematological diseases like leukemia. This advancement simplifies the compensation process, enhancing flow cytometry capabilities. The system includes the Flow Cytometer XF-1600, Sample Preparation System PS-10, and monoclonal antibody reagents, improving efficiency and standardization in diagnosis and analysis.
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Read more at GlobeNewswire: Flow Cytometry Market Size Projected to Reach USD 11.41