Flow Cytometry Market Variables, Trends & Scope Till 2025
“The global flow cytometry market size was estimated at USD 3.27 billion in 2016 and is anticipated to grow at CAGR of 10.6% in coming years.�
The global Flow Cytometry Market size was estimated at USD 3.27 billion in 2016 and is anticipated to grow at CAGR of 10.6% in coming years. Key drivers of this market include increasing incidence of chronic disorders that requires toxicity testing for cancer tests and need for quick, accurate and sensitive prognosis techniques for the validation of disease. Increasing awareness levels amongst healthcare experts and patients coupled with rising healthcare expenditures are major factors driving the growth. Furthermore, related benefits of cellbased assays including development in reagents and software employed for the study, ease-of-use and high sensitivity and reproductively are some other elements anticipated to boost the growth in coming years. Technology Insights Cell-based technology held the leading position in 2016. Rising demand for advance diagnosis and increasing awareness related to related advantages with cell-based analysis are the elements contributing to its leading position during the coming years. Cell-based flow cytometry involves substantial usage in variety of research fields. This analysis is applied in the discovery of drug for physiological importance of results. Furthermore, it is utilized in clinical studies involving endothelial cells in blood, hematopoietic progenitor cells, and tumor cells in peripheral blood and tumour stem cells. In addition, they are utilized in the study for target identification and disease mechanism. Product Insights In 2016, instrument segment was the market leader due to huge penetration combined with benefits such as user-friendliness, accurate result and cost-effective characteristic. Consumables and reagents, due to their high application in diagnosis of cancer are anticipated to account for high growth.
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