The global sales of flow cytometry are estimated to be worth USD 6,376.7 million in 2024 and are anticipated to reach a value of USD 12,661.7 million by 2034. Sales are projected to rise at a CAGR of 7.1% over the forecast period between 2024 and 2034. The revenue generated by flow cytometry in 2023 was USD 5,985.8 million. The industry is anticipated to exhibit a Y-o-Y growth of 7.2% in 2024.
Flow cytometry is a laboratory process used for the analysis of physical and chemical properties of cells or particles in a fluid stream by passage through a laser beam. It allows analyses of thousands of cells per second, hence it's very fast. This is a very relevant method both for research and in the clinical setting. Usually, cells are stained with fluorescent dyes against certain cellular elements, allowing for the detection of a number of cell types and states.
Since these cells pass through the laser, light scatter and fluorescence emission that is emitted is measured with this device, which creates detailed information about cell size and complexity and the expression of particular markers.
Among many other applications, flow cytometry is applied in immunology for the identification and quantification of different kinds of white blood cells and the assessment of immune responses. It is also used in diagnosis of diseases like leukemia, lymphoma, and many more blood disorders. Such features as speed, accuracy, and the possibility of examining several parameters at a time make it a widely applied tool in modern biology and medicine.
Global Flow Cytometry Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2023 | USD 5,985.8 million |
| Estimated Size, 2024 | USD 6,376.7 million |
| Projected Size, 2034 | USD 12,661.7 million |
| Value-based CAGR (2024 to 2034) | 7.1% |
The demand for flow cytometry is driven by the combination of mass spectrometry with flow cytometry. This techniques is known as mass cytometry, which has resulted in heightened resolution and multiplexing abilities.
By being able to concurrently determine numerous characteristics at the single cell level, this technical advance gives companies a competitive edge in both research and clinical applications. Sophisticated solution interesting as it improves data granularity and precision while enabling robust and nuanced cell analysis.
Based on product, the reagents, consumables & accessories segment is expected to dominate global flow cytometry industry in the year 2024, which is expected to contribute for 54.7% of the revenue share. Several factors may raise the demand for flow cytometry in the near future. These include increasing cases of chronic diseases, such as cancer, development in the domain of cell therapy and gene therapy, and rising occurrences of several infectious diseases.
The health care sector is constantly growing; as a result, the need for developing newer and more effective treatment solutions for newer diseases is also growing. The flow cytometry has a tremendous application in drug discovery. Thus, as the infection rate increases the need for more new drug candidate will increase, ultimately resulting in increased usage of flow cytometry. This can spur the demand for such instrument.
However, there are some factors which can hamper the industry growth. Factors such as high cost of flow cytometry, lack of skilled healthcare professional, limited reimbursement and recurring cost of flow cytometry consumable can act as an anchor to the industry’s growth.
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The table below compares the compound annual growth rate (CAGR) for the global flow cytometry industry from 2023 to 2024 during the first half of the year. This overview highlights key changes and trends in revenue growth, offering valuable insights into industry dynamics.
H1 covers January to June, while H2 spans July to December. In the first half (H1) of the decade from 2023 to 2033, the business is predicted to surge at a CAGR of 8.0%, followed by a slightly lower growth rate of 7.5% in the second half (H2) of the same decade.
| Particular | Value CAGR |
|---|---|
| H1 | 8.0% (2023 to 2033) |
| H2 | 7.5% (2023 to 2033) |
| H1 | 7.1% (2024 to 2034) |
| H2 | 6.6% (2024 to 2034) |
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to decrease slightly to 7.1% in the first half and remain relatively moderate at 6.6% in the second half. In the first half (H1) the industry witnessed a decrease of 90 BPS while in the second half (H2), the industry witnessed a decrease of 90 BPS.
Increasing prevalence of chronic diseases driving the market growth
As the number of people suffering from diseases such as cancer, autoimmune disorders, cardiovascular diseases, diabetes, hypertension infectious diseases including HIV, and ADIS increases, the demand for proper diagnostics method also increases and thus, driving the industry growth. This high incidence rate necessitates precise and efficient diagnostic tools.
Flow cytometry can be used in diagnosis of these diseases as it is used to determine the cell count and particle count. The differential cell count is mainly affected in almost all diseases or disorder. And thus this cell counting method can be a mean to determine any body function abnormalities.
For instance, on May 21, 2024, World Health Organization (WHO) published some data, which suggest that around 1 million curable sexually transmitted diseases are acquired every day by people across the globe. Moreover, according to the same source as above, in 2020, there were around 374 million new cases of sexually transmitted infection in people 15 to 49 years across the globe.
Out of these 374 million new cases, every 1 of 4 STIs was curable. In 2022, roughly 500 million individuals in the world had genital herpes simplex virus or herpes. Moreover, according to the same source as above, in 2020, there were around 374 million new infections sexually transmitted infections globally.
To summarize, increase in number of infectious diseases including but not limited to HIV AIDS, cardiovascular diseases, cancer amongst others will lead to increase demand for flow cytometry
Technological advancements in flow cytometry instruments creates a window of opportunity
The demand for novel and more effective therapeutics is constantly increasing. This increased demand have persuaded manufacturers for conducting extensive research and development activities so as to develop lab instrument to fulfil this ever rising need.
Technological advancement in flow cytometry such as emergence of hybrid flow cytometry instrument has also increased adoption of such instruments. In addition, other innovation in flow cytometry instrument such as improvements in optics, laser technology, and software capabilities can enhance the accuracy and speed of such instrument in detecting cells.
These advancement can increase the adoption of flow cytometry in fields such as clinical diagnostics, pharmaceutical and others. In addition, improved sensitivity, higher throughput, integration of AI and ML in these instruments, among other innovations, have been the most radical in increasing the accuracy and speed of cell analysis.
The development of multi-parametric analysis capabilities and further miniaturization in automation have seen usages across streams such as clinical diagnostics, drug discovery, and, personalized medicine. These improvements, indeed, increased research and diagnostic output but they are also factors that make flow cytometry accessible and user-friendly, thus fueling growth in the industry globally.
Growing Emphasis on Personalized Medicine as a major trend in this market
The application of flow cytometry has gone beyond the traditional use which is for research purpose. Now a days the flow cytometry is also being used into clinical diagnostics. This is due to the fact that flow cytometry offers various advantages such as rapid, precise and personalized analysis of hematologic disorders and also of cancer biomarker. Moreover, the advancement in sample preparation techniques is also contributing to this trend.
There is a drastic shift in precision medicine. People now are more focused on receiving personalized healthcare services. Personalized medicine focuses on the individuality of medical treatment to each patient by an assessment of their genetic makeup, environment, and lifestyle. In this respect, it has been driven into the mainstream by improvements in genomics, molecular biology, and data analysis, thus allowing more accurate diagnosis and targeted therapies.
For example, in oncology, it helps to identify genetic mutations in tumors, resulting in targeted drugs having less side effects and greater efficacy over traditional therapies. This trend is today being extended to such general areas as cardiovascular diseases, infectious diseases, and rare genetic disorders.
High cost of flow cytometry devices may Restrict Flow Cytometry Market Growth
The use of flow cytometry has increased in recent years. This is due to the advantages it offers in clinical diagnosis of various diseases. However, the high cost associated with its initial acquisition can limit its adoption in growing or price sensitive economies India, Brazil, South Africa and others.
Equipped with several advanced features such as multi-parametric analysis and high-throughput capability, these instruments cost a lot and are thus not easily available to smaller laboratories and institutions in developing regions.
Added to this are the maintenance costs, together with the consumables and skilled personnel, raising the overall cost, thus hindering full adoption. Therefore, it will constrain the growth potential that a market can offer, especially in a resource-limited setting where budget is a major concern.
As the adoption of such devices decreases, the opportunity for future growth also decreases. In addition, other cost such as hiring professional lab technician who can handle flow cytometry, cost of reagents and others also add ups to the total cost. For instance, Attune NxT Flow Cytometer manufactured by Thermo Fisher Scientific Inc. cost around USD 1,200 for a single piece.
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The global flow cytometry industry recorded a CAGR of 4.7% during the historical period between 2019 and 2023. The growth of flow cytometry industry was positive as it reached a value of USD 12,661.7 million in 2034 from USD 6,376.7 million in 2024.
Increasing cases of chronic diseases like cancer, diabetes, cardiovascular disorders, and infectious diseases are some of the significant factors driving the flow cytometry market. With the increasing occurrence of these diseases, the demand for diagnostic tools capable of providing accuracy and speed also increases in order to monitor the diseases at an earlier stage and in therapy.
It is in this regard that the capacity of flow cytometry to analyze several parameters simultaneously, besides high sensitivity and specificity, makes it an invaluable tool in diagnosis and management. This demand is further heightened by the shift towards personalized medicine, whereby treatments are tailored based on individual patient profiles that demand precise diagnostic data, which only flow cytometry can provide.
Continued innovations in flow cytometry technology have substantially enhanced its capabilities, thereby increasing market growth. Other recent developments in multi-parametric analysis, automation, and integration with artificial intelligence increase the speed, accuracy, and usability of flow cytometry instruments.
These developments have expanded flow cytometry's scope of application from its original setting in traditional clinical diagnostics to drug discovery services, research, and cellular therapy. Current factors promoting the growth of the global flow cytometry market include an increased adoption rate of these advanced instruments in clinical and research settings.
In addition, there are several other factors which will increase the industry growth such as increasing research & development activities by key players, increasing demand for novel disease diagnostics methods, technological advancement in flow cytometry, rising chronic diseases, and others.
Government organization are also involved in promoting research & development by providing research grant, funding, etc. to key players manufacturing flow cytometry. Going forward, key player are launching new flow cytometry products, this will also have positive impact on the industry.
For instance, in May 2023, Sysmex Corporation, a Japan-based multination medical technology company, announced that they have launch a new Flow Cytometer XF-1600, along with its consumable in Japan.
Tier 1 companies are the industry leaders as they hold a substantial 73.8% value share worldwide. These companies have generated revenue over USD 100 million. These companies have large product portfolio and a high production capacity. These industry leaders stand out for having a wide geographic reach, a strong customer base, and substantial experience in manufacturing and reconditioning in a variety of packaging formats.
They offer a variety of products and services all while adhering to legal requirements and producing work of the greatest caliber. Prominent companies within tier 1 include BD Biosciences, Danaher Corporation, Thermo Fisher Scientific Inc. and others.
Mid-size businesses with annual revenue between USD 50 and USD 100 million and which are capturing a value share of 15.3% in global market, and that are based in particular areas and have a significant impact on the local industry are considered Tier 2 companies.
These companies have global presence and in-depth industry expertise. These companies invests in newer technology and follows good manufacturing practices (GMP). Prominent companies in tier 2 include Miltenyi Biotec, Luminex Corporation, Agilent Technologies., and others
Tier 3 companies, although, smaller but are essential for the growth of the industry. The companies such as Bio-Rad Laboratories, Inc., Cytek Biosciences, Inc. and other falls under this category. They specialize in specific products and cater to niche markets, adding diversity to the industry.
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The section below covers the industry analysis for the flow cytometry market for different countries. Market demand analysis on key countries in several regions of the globe, including North America, Asia Pacific, Europe, and others, is provided. The United States is anticipated to remain at the forefront in North America, with a value share of 81.6% through 2034. In Asia Pacific, China is projected to witness a CAGR of 9.1% by 2034.
| Countries | Value CAGR (2024 to 2034) |
|---|---|
| USA | 8.9% |
| Germany | 7.3% |
| France | 6.3% |
| UK | 8.7% |
| China | 9.1% |
| India | 8.2% |
| South Korea | 6.6% |
Germany’s flow cytometry market is expected to exhibit a CAGR of 7.3% between 2024 and 2034. The Germany holds highest market share in European market.
The German flow cytometry industry is primarily driven by the extensive government funding for research projects, which is reinforced by programs like the High-Tech Strategy and the Excellence Strategy. Research initiatives that get both financial and strategic support are more likely to succeed in spreading cutting-edge technology like flow cytometry.
One special factor that boosts market expansion is the close cooperation between industry and academics, made possible by programs such as the Fraunhofer-Gesellschaft and the Max Planck Institutes. These partnerships support studies that need sophisticated analytical instruments, such as flow cytometry products, which propels their use in academic and industry contexts.
USA market is anticipated to grow at a CAGR of 8.9% throughout the forecast period. The presence of important biotech hotspots in the United States, such as the Boston-Cambridge region and the San Francisco Bay Area, greatly impacts the market growth for flow cytometry. Several biopharmaceutical and biotechnology businesses are based in these centers, which creates a strong need for flow cytometers in their R&D programs.
The United States' university research institutes have a strong demand, which gives market expansion a special consideration. Flow cytometry for various research applications becomes essential as these institutions seek cutting-edge technology to promote scientific discovery.
The China is expected to hold dominating position in East Asia market of flow cytometry and is anticipated to grow at a CAGR of 9.1% throughout the forecast period.
The biopharmaceutical industry of China is expected grow rapidly owing to government funding & investments, increasing government focus on innovation in the field of biotechnology. The need for newer instrument such as flow cytometry increases in drug discovery and development process. The biopharmaceutical sector, being one of the country's most rapidly growing sectors.
China's ambition to emerge as a world leader in biotechnology has boosted research activities and subsequently the demand for high-end analytical tools like flow cytometry to support such an enabling environment. The technique offers precise and high-throughput analysis, very important in the biopharmaceutical sector during drug development, quality control, and clinical trials.
Due to continuous investment in innovations in healthcare and biopharmaceutical manufacturing, the flow cytometry market in China is bound to grow along with expanding industry needs and strategic focusing on biotechnology in the country.
The section contains information about the leading segments in the industry. Based on product type, the reagents, consumables & accessories is expected to account for 54.7% of the global market share in 2024.
| Product Type | Reagents, Consumables & Accessories |
|---|---|
| Value Share (2024) | 54.7% |
The reagents, consumables & accessories segment is expected to dominate the market in terms of revenue, accounting for almost 54.7% of the market share in 2024. Reagent and consumable will be consumed with every cycle of flow cytometry. As the medical filed advances and more number of clinical trials are conducted the demand for flow cytometry consumables will also increases.
Flow cytometry is extensive used in filed such as immunology, cancer studies, stem cell studies, and infectious disease diagnoses. This all factor are responsible for higher vale share of reagents, consumables & accessories segment.
| Application | Immunophenotyping |
|---|---|
| Value Share (2024) | 35.7% |
By application, the immunophenotyping segment is projected to hold a major market share of 35.7% in 2024. Immunophenotyping has become a very important tool in diagnosing and monitoring a wide range of disorders, particularly in hematology and oncology. This basically represents one of the major applications of flow cytometry in detecting leukemia and lymphoma and assessing immune disorders and the progress of HIV/AIDS.
This is so because there is a rising need for accurate diagnostics, especially in personalized medicine, where an immune profile of the patient may prove very crucial to tailor the treatments.
Moreover, various advancements in flow cytometry, like multi-parametric analysis, high sensitivity, and precision, have backed immunophenotyping to remain the gold standard test methodology. On the back of this, the immunophenotyping segment is expected to continue its dominance in the coming years with continuously rising demand for advanced diagnostic tools.
The flow cytometry market is highly fragmented. There are large number flow cytometry manufacturer in the global market involved in developing innovative products so that they can meet their customer’s needs.
Prominent manufacturer of flow cytometry products are focused on growing internationally in order to increase their revenue and increase the size of their sales footprint in developing nations through the purchase of regional competitors. Manufacturers utilize various key strategies such as agreements, product launches, research sponsorship, and strategic collaborations to boost product sales and establish their market presence.
Recent Industry Developments in Flow Cytometry Market
In terms of product type, the industry is divided into flow cytometer system [tradition flow cytometer, cell sorters (imaging flow cytometers and acoustic focusing cytometers) and next-generation flow cytometers], reagents, consumables & accessories, software and services
In terms of application, the industry is divided into immunophenotyping, cell sorting, cell cycle analysis (apoptosis, cell proliferation assays and intracellular calcium flux), and detection & sorting of exosomes and others.
In terms of usage, the industry is segregated into research use and clinical diagnostics
In terms of end user, the industry is segregated into hospitals, diagnostic laboratories, academic and research institute and biopharmaceutical companies
Key countries of North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East and Africa (MEA) have been covered in the report.
The global flow cytometry industry is projected to witness CAGR of 7.1% between 2024 and 2034.
The global flow cytometry industry stood at USD 5,985.8 million in 2023.
The global flow cytometry industry is anticipated to reach USD 12,661.7 million by 2034 end.
China is expected to show a CAGR of 9.1% in the assessment period.
The key players operating in the global flow cytometry industry include BD Biosciences, Danaher Corporation, Thermo Fisher Scientific Inc., Sony Biotechnology Inc., Sysmex Partec GmbH, Miltenyi Biotec, Luminex Corporation, Agilent Technologies, Bio-Rad Laboratories, Inc., and Cytek Biosciences, Inc.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis, 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis, and Future Projections 5. Global Market Analysis, 2019 to 2023 and Forecast 2024 to 2034 5.1. By Product 5.2. By Application 5.3. By Usage 5.4. By End User 5.5. By Region 6. Global Market Analysis, 2019 to 2023 and Forecast 2024 to 2034, by Product 6.1. Flow Cytometer System 6.1.1. Traditional Flow Cytometer 6.1.1.1. Cell Sorters 6.1.1.2. Imaging Flow Cytometers 6.1.2. Acoustic Focusing Cytometers 6.1.3. Next-Generation Flow Cytometers 6.2. Reagents, Consumables & Accessories 6.3. Software 6.4. Services 7. Global Market Analysis, 2019 to 2023 and Forecast 2024 to 2034, by Application 7.1. Immunophenotyping 7.2. Cell Sorting 7.3. Cell Cycle Analysis 7.3.1. Apoptosis 7.3.2. Cell Proliferation Assays 7.3.3. Intracellular Calcium Flux 7.4. Detection & Sorting of Exosomes 7.5. Others 8. Global Market Analysis, 2019 to 2023 and Forecast 2024 to 2034, by Usage 8.1. Research Use 8.2. Clinical Diagnostics 9. Global Market Analysis, 2019 to 2023 and Forecast 2024 to 2034, by End User 9.1. Hospitals 9.2. Diagnostic Laboratories 9.3. Academic and Research Institute 9.4. Biopharmaceutical Companies 10. Global Market Analysis, 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. North America 10.2. Latin America 10.3. East Asia 10.4. South Asia and Pacific 10.5. Western Europe 10.6. Eastern Europe 10.7. Middle East and Africa 11. North America Sales Analysis, 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Latin America Sales Analysis, 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. East Asia Sales Analysis, 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. South Asia & Pacific Sales Analysis, 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. Western Europe Sales Analysis, 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Eastern Europe Sales Analysis, 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Middle East and Africa Sales Analysis, 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Sales Forecast 2024 to 2034 by Product, Application, Usage and End User for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis, by Key Players, and Competition Dashboard 20. Company Profile 20.1. BD Biosciences 20.2. Danaher Corporation 20.3. Thermo Fisher Scientific Inc. 20.4. Sony Biotechnology Inc. 20.5. Sysmex Partec GmbH 20.6. Miltenyi Biotec 20.7. Luminex Corporation 20.8. Agilent Technologies 20.9. Bio-Rad Laboratories, Inc. 20.10. Cytek Biosciences, Inc.
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Flow Cytometry Market
