Technavio, a tech-focused market research firm, has published a new report on the global flow cytometry market, which is expected to experience a progressive growth rate with a CAGR of almost 10% during the forecast period.
This latest report by Technavio covers the market outlook and growth prospects of the global flow cytometry market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global flow cytometry market into the following key regions: The Americas, APAC, Europe, and MEA.
Geographical segmentation of the global flow cytometry market for 2015 (market share %)
|
Americas |
39.01% |
|
Europe |
27.35% |
|
APAC |
23.97% |
|
MEA |
9.67% |
Source: Technavio
The America: Largest revenue generating region for flow cytometry
The global flow cytometry market in the Americas was valued at more than $1 billion in 2015 and will grow at a CAGR of almost 9% by 2020. The presence of a large number of companies in the pharmaceutical and healthcare industries in the Americas will drive the growth of the market in the region. The American market has major vendors focusing on large investments in research and testing to promote the growth of the flow cytometry market. The US is emerging as a key revenue generator in the American market. The increasing investment opportunities in Latin American countries like Chile and Colombia to set up new laboratories will aid in the development of the market.
“The vendors are investing in the innovation of flow cytometry due to its increased application in cancer research. The demand for low-cost and compact devices is very high among the research laboratories and clinical diagnostics. The improvement in infrastructures and replacement of old products in existing laboratories will drive the market growth during the forecast period,” says Amber Chourasia, a lead analyst at Technavio, specializing in research on lab equipment.
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Flow cytometry market in Europe
The global flow cytometry market in Europe was valued at almost $1 billion in 2015 and will grow at a CAGR of around 8% by 2020. The growing investments in new emerging countries like Sweden and Austria for modernization of healthcare facilities will attribute to the growth of the European market. Countries like Germany, the UK, France, and the Netherlands are the highest revenue generator in the region and is expected to continue to grow during the forecast period as well. The growth in the consumables and reagents segment and sale or replacement equipment will help in the growth of the European market.
Flow cytometry market in APAC
The global flow cytometry market in APAC was valued at almost $1 billion in 2015 and will grow at a CAGR of about 13% by 2020. The increasing number of sales of flow cytometry instruments and reagents to new research laboratories, healthcare facilities, and academic laboratories is contributing to make APAC the fastest growing region in the market. Corporate organizations and government agencies are supporting and funding vendors to focus on the development of innovative technologies. The improving healthcare infrastructure, increasing number of healthcare facilities, and new opportunities drug discovery outsourcing market will increase the demand for advanced technologies in the APAC market.
Flow cytometry market in MEA
The global flow cytometry market in MEA was valued at more than $338 million in 2015 and will grow at a CAGR of around 11% by 2020. The increasing application of flow cytometry in the diagnosis of diseases like cancer and HIV will lead to the growth of the market in this region. The growing demand for healthcare services in South Africa and the Middle East will boost investment opportunities and encourage research and development activities in this region.
The top leading vendors operating in the global flow cytometry market are:
- Beckman Coulter
- BD
- EMD Millipore
- Luminex
- Thermo Fisher Scientific
Other prominent vendors in the market include Advanced Analytical Technologies, Apogee Flow Systems, Bio-Rad Laboratories, Cytek Biosciences, Cytonome, Miltenyi Biotec, Mindray Medical International, Sysmex Partec, Sony Biotechnology, Stratedigm, and TTP Labtech.
A more detailed analysis is available in the Technavio report titled, ‘Global Flow Cytometry Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Nanoparticles Instrumentation Market in the Life Sciences Sector 2016-2020
- Global Oxidative Stress Detection Market 2016-2020
- Global Cell Counting Market 2015-2019
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