Stringent regulatory policies for product quality, rising investments for pharmaceutical research activities, and growing popularity of nanotechnology are some key factors expected to drive market growth
According to Emergen Research, the global flow imaging microscopy market size was USD 31.9 Million in 2020 and is expected to reach USD 56 Million in 2028 and register a revenue CAGR of 7.2% during the forecast period, 2021-2028.
Flow imaging particle analyzer or flow imaging microscope, is an equipment that performs three functions: uses a microscope to analyze a fluid, obtains photos of the magnified particles within the fluid, and then characterizes the particles using a range of measurements. It provides an easy way to see an image of every particle in the flow, which helps to better understand and interpret the data and ensure that data is being interpreted correctly. Analysis of parenteral drugs and biopharmaceuticals in R&D activities, research on microbial life in the world’s oceans to understand ecosystem’s fundamental processes, and monitoring the quality of food ingredients where particle shape can affect texture and taste are just a few of the applications that have benefited from flow imaging microscope technology. Increasing awareness regarding the benefits of this technology in various fields is a major factor expected to drive market revenue growth during the forecast period.
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In addition, rising government investments in biotechnology and pharmaceutical companies, technological advancements in nanaotechnology and increasing focus on nanoparticle imaging for drug production are some major factors expected to positively impact revenue growth of the market. However, high capital investments and limitations of flow imaging microscopy technology are some factors expected to restrain market growth over the forecast period. Flow imaging microscopy is limited in its ability to characterize particle sizes based on flow cell depth. Therefore, particles within a certain range can only be detected in a single magnification or in flow cell depth combination.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Large Biomolecule Segment Revenue to Expand at a Rapid CAGR:
Large biomolecule segment is expected to register a rapid revenue CAGR over the forecast period attributed to increasing focus on biologics-based formulation development and rising government regulations in biologics to examine sub-visible particles for maintaining and improving quality of drugs and safety procedures.
Wet Dispersion Segment to Register Significant Revenue Growth:
Wet dispersion segment is expected to register significant revenue growth over the forecast period due to rising focus on nanoparticles research and development activities, rapid growth of biotechnology and pharma industry, and increasing application of nanotechnology in food & beverage industry.
North America to Account for Largest Revenue Share:
North America is expected to account for largest revenue share in the global market over the forecast period owing to technological advancements in laboratory techniques and growing government and private investment in healthcare industry. In addition, presence of key players in the region and rising focus on R&D activities to develop effective drugs are some other factors expected to contribute to market growth in the region.
Major Companies in the Market Include:
- Yokogawa Electric Corporation
- Microtrac MRB
- Micromeritics Instrument Corporation
- Haver & Boecker, Spectris Plc.
- HORIBA Ltd.
- Shimadzu Corporation
- Bettersize Instruments Ltd.
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For the purpose of this report, Emergen Research has segmented the global flow imaging microscopy market based on sample type, sample dispersion, end-use, and region:
Sample Type Outlook (Revenue, USD Million; 2018–2028)
- Large Biomolecule
- Small Biomolecules
- Liquid & Viscous Samples
- Microfibers and Nano Fibers
Sample Dispersion Outlook (Revenue, USD Million; 2018–2028)
- Wet Dispersion
- Dry Dispersion
End-Use Outlook (Revenue, USD Million; 2018–2028)
- Biotechnology Companies
- Pharmaceutical Companies
- Water Testing Laboratories
- Food & Beverage Companies
- Research & Academia
- Metal Manufacturing
- Chemical & Petrochemical Industries
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Regional Outlook (Revenue, USD Million; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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