Flow Cytometry In Oncology And Immunology Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities
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What is the Projected Growth Rate of the Flow Cytometry In Oncology And Immunology Market from 2024 to 2033?
The market size for flow cytometry in the fields of oncology and immunology has experienced significant expansion recently. It is projected to rise from $1.89 billion in 2023 to $2.1 billion in 2024, showcasing a compound annual growth rate (CAGR) of 10.9%. Factors contributing to the growth during the historic period include advancements in cancer and immunology research, diagnostic applications, an increase in autoimmune diseases, as well as drug development and clinical trials.
In the coming years, a swift upsurge is anticipated in the flow cytometry in oncology and immunology market, with projections suggesting a size of $3.07 billion by 2028, growing at a compound annual growth rate (CAGR) of 10.0%. The inflation in the market size during the projected period is credited to the amalgamation with genomics and proteomics, increase in single-cell analysis adoption, broader applications in infectious diseases, escalation in cancer rates, and point-of-care flow cytometry. Key trends for the forecast period encompass immunophenotyping for immunotherapy, flow cytometry systems miniaturisation, multiparametric analysis, transition towards spectral flow cytometry, and joint research initiatives.
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What Are the Key Drivers of Growth in the flow cytometry in oncology and immunology Market?
The escalating rates of cancer are anticipated to boost the expansion of flow cytometry in the oncology and immunology sector in the future. Cancer refers to a collection of disorders distinguished by unregulated proliferation and diffusion of abnormal cells within the body. Flow cytometry has gained prominence in the oncology and immunology fields for the investigation of cancer and immune cells. For illustration, in Macmillan Cancer Support, a healthcare charity based in the UK, as of October 2022, the number of cancer patients in 2020 was 3 million, projected to escalate to 3.5 million by 2025, 4 million by 2030, and further to 5.3 million by 2040. Hence, the growing incidence of cancer is fuelling the upsurge of flow cytometry in the oncology and immunology segments.
What Are the Notable Segments in the Flow Cytometry In Oncology And Immunology Market?
1) By Type: Immunology, Oncology
2) By Technology: Cell-Based Flow Cytometry, Bead-Based Flow Cytometry
3) By Application: Translational Research, Clinical Research
4) By End User: Hospitals, Diagnostic Laboratories, Reference Laboratories, Pharmaceutical And Biotechnology Companies, Academic Research Institutes, Contract Research Organizations, Other End Users
Which Emerging Trends Are Altering the Flow Cytometry In Oncology And Immunology Market?
Developments in technology are becoming a driving trend in the field of oncology and immunology, particularly with regards to flow cytometry. Key players within these markets are incorporating new technologies to maintain their market standing. For example, Becton Dickinson and Company, a medical technology firm based in the US, launched the BD Research Cloud – a new platform specifically for flow cytometry in oncology and immunology in September 2022. This cloud-based software system aids researchers in fields such as immunology, virology, infectious disease, and oncology surveillance, by making the flow cytometry process easier, increasing study quality and speeding up the understanding of insights. BD is utilizing cutting-edge technology such as BD Horizon RealYellow and RealBlue Reagents, along with the freshly launched BD FACSDiscover S8 Cell Sorter featuring BD CellView Image Technology. These technologies augment the efficiency of flow cytometry, thereby allowing researchers to broaden and improve their pioneering studies. Being built on a standard cloud infrastructure, BD Research Cloud is ideally suited for use alongside BD equipment and reagents.
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Which Regions Are Most Influential in Expanding the Flow Cytometry In Oncology And Immunology Market?
North America was the largest region in the flow cytometry in oncology and immunology market in 2023. The regions covered in the flow cytometry in oncology and immunology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Flow Cytometry In Oncology And Immunology Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the flow cytometry in oncology and immunology market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Flow Cytometry In Oncology And Immunology Market Include
1. Flow Cytometry In Oncology And Immunology Market Executive Summary
2. Flow Cytometry In Oncology And Immunology Market Segments
3. Flow Cytometry In Oncology And Immunology Market Size And Template Market Growth Rate
4. Key Flow Cytometry In Oncology And Immunology Market Trends
5. Major Flow Cytometry In Oncology And Immunology Market Drivers
……
25. Key Mergers And Acquisitions In The Flow Cytometry In Oncology And Immunology Market
26. Top Flow Cytometry In Oncology And Immunology Companies
27. Flow Cytometry In Oncology And Immunology Market Opportunities And Strategies
28. Flow Cytometry In Oncology And Immunology Market, Conclusions And Recommendations
29. Appendix
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