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Global flow cytometry market to reach $6.3 billion by 2020, moving towards compact instruments
T
he global flow cytometry market is set to undergo significant changes over the
next five years, according to new analysis by market research firm BCC Research. The market, which could reach $6.3 billion by 2020, is expected to move towards small, high-throughput systems that can be used in daily clinical laboratories. Flow cytometry is a laser-
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based, biophysical technology employed in cell counting, sorting, biomarker detection and protein engineering. Cells are suspended in a stream of fluid and passed by an electronic detection apparatus. This allows simultaneous multi-parametric analysis of the physical and/or chemical characteristics of up to thousands of particles per second.
Increasing research and commercialisation in life science fields such as proteomics, genomics, pharmacogenomics and stem cell research have created big demand for high- throughput technologies like flow cytometry, it said in the report, titled Flow Cytometry: Products, Technologies and Global Markets. The global market for flow cytometry should reach more than $6.3 billion by 2020, up from nearly $4.1 billion in 2015, reflecting a five-year compound annual growth rate (CAGR) of 9.1 per cent, according to BCC’s analysis. The instruments segment, which accounted for the largest share at almost $2.1 billion in 2015, should increase at a five-year CAGR of 7.3 per cent to reach almost $3 billion
in 2020. Reagents as a segment should grow the fastest with a five-year CAGR of 11.9 per cent. Global demand is high for small-sized, robust and high- throughput flow cytometers, with key market drivers including imminent developments in
‘ Global demand is high for small-sized, robust and high-throughput flow cytometers’
immunology, biochemistry, microbiology, cytogenetics, chemical engineering, agronomy, molecular biology and cytology applications. New molecular diagnostic and monoclonal antibody tests will
facilitate existing procedures and provide the basis for sensitive, specific and simple assays. The introduction of small and easy-to-use laser systems will further expand applications of flow cytometry to daily clinical laboratories. Finally, advances in IT will reduce the cost of instrument manufacture and service warranty and will permit the development of various advanced features. Market consolidation is one trend that should continue during the forecast period, according to the report, as players strengthen or retain their position. This development has produced stronger, vertically integrated competitors that are better able to compete as sole-source vendors to end users.
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