Flow Cytometry Market

Becton, Dickinson and Company (US) and Beckman Coulter (US) are the Key Players in the Flow Cytometry Market

The global flow cytometry market size is projected to reach USD 6.4 billion by 2025 from USD 4.0 billion in 2019, at a CAGR of 8.3%. Growth in the flow cytometry industry can be attributed to factors such as technological advancements in flow cytometers, the increasing adoption of flow cytometry techniques in research activities and clinical trials, growing focus on immunology and immuno-oncology research, increasing incorporation of AI platforms in flow cytometry workflows and advancements in flow cytometry software, high incidence and prevalence of HIV-AIDS and cancer, and the increasing availability of novel flow cytometry products. On the other hand, high costs, a dearth of skilled professionals, and insufficient knowledge regarding the use of flow cytometers are expected to limit market growth to a certain extent. The inadequate infrastructure for research in emerging countries, complexities related to reagent development, and limited purchasing power of end users in emerging countries may also pose challenges to market growth in the coming years.

The major players operating in the flow cytometry market include Becton, Dickinson and Company (US), Beckman Coulter, Inc. (US), Thermo Fisher Scientific, Inc. (US), Merck KGaA (Germany), Sysmex Partec GmbH (Germany), Luminex Corporation (US), Miltenyi Biotec GmbH (Germany), Bio-Rad Laboratories, Inc. (US), Sony Biotechnology, Inc. (US), Agilent Technologies, Inc. (US), bioMérieux S.A. (France), Enzo Life Sciences, Inc. (US), Stratedigm, Inc. (US), Cytonome/ST LLC (US), Cytek Biosciences (US), and Apogee Flow Systems Ltd. (UK). The analysis of market developments between 2016 and 2019 revealed that product launches and enhancements; partnership and collaborations; and acquisitions were adopted by market players to strengthen their product portfolios and maintain a competitive position in the flow cytometry market. Product launches and approvals were the most widely adopted growth strategies by market players.

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Becton, Dickinson and Company (US) accounted for the largest share of the global flow cytometry market. The company has an extensive product portfolio. The company operates globally, with a strong distribution network across North America, Europe, the Asia Pacific, Europe, the Middle East, and Africa. To maintain its position in the market, the company has been focusing on technological advancements in all segments of flow cytometry. In the last three years, the company has launched several products, such as FlowJo software version 10.6, BD FACSymphony S6 High Parameter Cell Sorter and the BD FACSMelody System benchtop flow cytometry cell sorter. In addition, the company focuses on partnerships and collaborations for the development of advanced flow cytometry products.

Beckman Coulter (US) held the second position in the flow cytometry market. The strong position of the company in the market can be attributed to its wide product portfolio and strong client base (including biotechnology and pharmaceutical companies, universities, medical schools, and research institutions) in the field of flow cytometry. To maintain its position in the market, the company has been focusing on product launches, partnerships and collaborations, and acquisitions. The company has recently launched its fully integrated Biomek i7 Automated Liquid Handler with a CytoFLEX flow cytometer, and Kaluza C Flow Cytometry Software.

Related Reports:

Flow Cytometry Market by Technology (Cell-based, Bead-based), Product (Analyzer, Sorter, Reagents, Consumables, Software), End user (Academia, Research Labs, Hospitals, Clinical Laboratories, Pharma-Biotech Cos), Application - Global Forecasts to 2025

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Report Code
BT 6015
RI Published ON
1/10/2019
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