Flow cytometer reagents market Size, Trends and Growth Analysis by type (calibration and validation reagents, specificity reagents, supporting reagents, secondary reagents, isotype controls, buffers, others), by applications (diagnostics, drug discovery, others) by end users (pharmaceutical and biotechnology industry, academic and research centers, diagnostic centers, others) – Global forecast till 2023
Flow Cytometer Reagents Market Insights
Market Research Future has recently published an exclusive study, covering all critical segments of the Flow Cytometry Market, including the high impact of Coronavirus. This research report provides breakthrough inputs and insights on market-related factors and forecasts to 2023. During these years, the market is said to reach revenue of USD 8.88 billion by 2023. This revenue generation shows the possibility to occur over the rate of 12.0 %.
The significant factors propelling the flow cytometry market include the augment in the use of flow cytometry in stem cell research and commercial application of new technologies in the field of flow cytometry as well as and rise in the applications of flow cytometry in clinical research. The significance of flow cytometer reagents in clinical research is fueling the demand for flow cytometer techniques in R&D in the healthcare sector at a higher rate.
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MRFR finds that the escalating incidences of HIV and cancer statistics illustrate a significant unmet opportunity in cancer and AIDS diagnostics. With this, there is also a massive void in diagnostics accessibility, particularly in the developing regions, which is augmenting the market growth. Consequently, the mounting incidences of HIV, AIDS, and cancer can be considered a significant growth opportunity for the Flow Cytometry Market.
Essentially, the COVID-19 pandemic has been posing a measurable impact on the global economy and, in turn, on the Flow Cytometry Market. Traveling constraints, quarantines, and social distancing measures on a broad-scale drive a steep decline in business and consumer spending until the end of phase 2 of Coronavirus. Thus, the changing scenario and investments by the key market players make the global Flow Cytometry Market stable such that considerable revenue collection can happen in the analysis timeframe.
Furthermore, other significant factors responsible for the broad flow cytometry market share include the extensive use of flow cytometer for effective diagnosis and early detection of numerous diseases. These have helped the market to gain immense shares in the recent months of 2020. There has been growing market access in the adoption of recombinant DNA technology for antibody production and the evolution of tandem flow cytometer technologies expected to offer growth opportunities for the players contributing to the Flow Cytometry Market in the forecast period.
Flow cytometer reagents Market Segment Review
The study of the Flow Cytometry Market is further conducted over segments of types, applications, and end-users.
- By the segment of type, the flow cytometry market included specificity reagents, calibration and validation reagents, secondary reagents, supporting reagents, buffers, isotype controls, and others.
- By the segment of applications, the market includes drug discovery, diagnostics, and others.
- By the segment of end-users, the flow cytometry market includes academic and research centers, pharmaceutical and biotechnology industries, diagnostic centers, and others.
Flow cytometer reagents Market Regional Framework
Geographically, North America grabs a significant share of the Flow Cytometry Market and is projected to prolong over the next few years. The reason for the growth is the considerable rise in the expansion of novel products are anticipated to propose innovative growth opportunities in the coming years.
The United States grabbed a significant flow cytometry market share, which is mainly due to factors such as the surge in the number of common cancers. In record, the United States witnessed breast cancer, prostate cancer, lung cancer, bladder cancer, colon and rectum cancer, and skin cancer as the most common cancers among its population. With this, the role of a flow cytometer to determine prognosis in patients with cancer has become progressively crucial with the advent of assays for the detection of minimal residual disease and assessment of multiple drug resistance. The companies, like Sysmex, in the United States, are continuously investing in R&D. Hence the market is intensifying at a faster pace in the U.S. itself.
Europe is the second-largest flow cytometry market in the world owing to a robust industrial and research base.
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In the last, the Asia Pacific region might also expand rapidly, and China and India are liable to lead this flow cytometry market owing to the prompt growing industrial sector during the forecast period.
Flow cytometer reagents Market Vendors Landscape
Some of the prime vendors profiled in the report are Bio-Rad Laboratories, Inc., Biocompare, BioLegend, Inc., Miltenyi Biotec, Dickinson and Company, Becton, Merck KGaA, Beckman Coulter, Inc., Thermo Fisher Scientific, ImmunoReagents, Inc., and others.
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