(MENAFN- GetNews) According to report published by Grand View Research, the increasing incidence of infectious diseases and cancer is expected to upsurge the demand for flow cytometers for use in disease diagnosis over the coming years. In addition, higher number of physicians is inclined toward the usage of autologous and allogenic stem cell therapy, due to adverse effects caused by chemotherapy & radiation therapy in the treatment of cancer, thereby affecting the growth of this market. According to a report,'Flow Cytometry Market Analysis By Technology (Cell-Based, Bead-Based), By Application (Research, Industrial, Clinical), By End-use (Commercials, Hospitals, Academics, Clinical Labs), By Product & Service, & Segment Forecasts, 2018 - 2025, published by Grand View Research, Inc., The global flow cytometry market is expected to reach USD 8.0 billion by 2025. The increasing incidence of infectious diseases and cancer is expected to upsurge the demand for flow cytometers for use in disease diagnosis over the coming years. In addition, higher number of physicians is inclined toward the usage of autologous and allogenic stem cell therapy, due to adverse effects caused by chemotherapy & radiation therapy in the treatment of cancer, thereby affecting the growth of this market.
Key Takeaways from the report:
Bead-based flow cytometry is anticipated to witness lucrative growth rate over the forecast period owing to increasing advancement in molecular engineering & monoclonal antibody production
Reagents & consumables are expected to be the fastest growing segment as of 2016 due to extensive utilization in molecular diagnostics
Clinical diagnosis market is driven by factors such as increasing demand for cost-effective disease diagnosis and associated benefits of these assays in disease detection
The largest market share of commercial organizations can be attributed to the rising large-scale production of proteins, cell line development, and other biologicals coupled with the growing demand for cell sorting and analysis techniques
Asia Pacific regional market is presumed to witness the fastest growth owing to increasing supportive government initiatives for flourishing biotech industry coupled with growing awareness about the applications of flow cytometers
Multinational players collaborating with local diagnostic companies and healthcare institutions in developing countries such as India & Brazil, target the disease population and are expected to increase market penetration
U.S. flow cytometry market, by application, 2014-2025 (USD Million)
Browse More Reports in Biotechnology:
• Immunoprotein Diagnostic Testing Market : Increase in prevalence of chronic diseases has led to growth of immunoprotein diagnostic testing market.
• Carcinoembryonic Antigen (CEA) Market : Constant technological advancements pertaining to the development of novel biomarkers which can be used in combination with other biomarkers is expected to boost usage rates over the forecast period.
Moreover, rising demand for point-of-care testing in chronic diseases management is expected to fuel the demand for cytometry techniques. Rising implementation of microfluidic miniature flow cytometry in point-of-care diagnostics is the factor augmenting the future growth. Increasing R & D initiatives by various key players for the development of multicolor assays and advanced reagents for analysis are anticipated to boost the usage rate. Advancement in technology for the purpose of enhanced accuracy, portability, and cost-effectiveness is expected to serve this market with lucrative growth opportunities.
Global flow cytometry market share, by end-use, 2016 (%)
Small-size high-throughput cytometers are expected to gain popularity over the coming years due to associated benefits such as ease in use and cost-effectiveness. Furthermore, improvement in fluorescent dyes & introduction of bench top cytometers are the other growth propellers. For instance, multicolor flow cytometry coupled with multiple lasers is the fastest growing application segment, which finds extensive applications in the field of R & D innovations in new drug development and is adopted by many contract research organizations.
Grand View Research has segmented the flow cytometry market on the basis of technology, product & services, application, end-use, and region:
Flow Cytometry Application Outlook (Revenue, USD Million, 2014 - 2025)
Cell-based
Bead-based
GlobalFlow Cytometry Product & Services Outlook (Revenue, USD Million, 2014 - 2025)
Instruments
Reagent & consumables
Software
Accessories
services
GlobalFlow Cytometry Application Outlook (Revenue, USD Million, 2014 - 2025)
Research
-
Pharmaceutical
-
Drug discovery
-
Stem cells
-
In vitro toxicity
-
Apoptosis
-
Cell sorting
-
Cell cycle analysis
-
Immunology
-
Cell viability
Industrial
Clinical
-
Cancer
-
Organ transplantation
-
Immunodeficiency
-
Hematology
GlobalFlow Cytometry End-use Outlook (Revenue, USD Million, 2014 - 2025)
Commercial organizations
Hospitals
Academic institutes
Clinical testing labs
Flow Cytometry Regional Outlook (Revenue, USD Million, 2014 - 2025)
North America
Europe
Asia Pacific
Latin America
MEA
Explore flow cytometry market research database, Navigate with Grand View Compass , by Grand View Research, Inc.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com
Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist - U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: Switzerland
Website: www.grandviewresearch.com/industry-analysis/flow-cytometry-market
MENAFN0404201900703268ID1098346312
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.