The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The flow cytometry market has exhibited robust growth in recent years, with a notable rise from $6.24 billion in 2023 to $6.84 billion in 2024, boasting a Compound Annual Growth Rate (CAGR) of 9.5%. This growth is primarily attributed to key factors such as immunophenotyping, cancer research, hematology and blood cell analysis, clinical diagnostics, and drug discovery and development.

Anticipated Surge: A Glimpse into the Future
The momentum is expected to continue, propelling the market size to $10.22 billion in 2028 at an accelerated CAGR of 10.6%. This anticipated growth is fueled by advancements in single-cell analysis, immunotherapy, car-t cell development, infectious disease research, biomarker discovery, and point-of-care testing (POCT). Noteworthy trends in the forecast period include multicolor analysis, automation and robotics, imaging flow cytometry, data analysis and informatics, as well as sample preparation innovations.

Driving Forces Behind Market Expansion
Boost In Drug Launches Drives Growth Of Flow Cytometry Market

• Rising Drug Launches: The surge in the number of drug launches significantly contributes to the flourishing flow cytometry market.
• Role of Flow Cytometry in Drug Launches: Flow cytometry plays a pivotal role in assessing cellular responses, drug efficacy, and toxicity during drug launches.
• IQVIA Report Insights: According to a report by IQVIA, approximately 300 new drugs are expected to be introduced by 2026, leading to a substantial increase in healthcare expenditures.
• Focus on Specialty Drugs: The new drug launches are projected to be primarily focused on specialty, niche, and orphan drugs.

Key Players in the Flow Cytometry Market

• Diverse Landscape: Major companies contributing to the flow cytometry market include Beckman Coulter Inc., Agilent Technologies Inc., Bio-Rad Laboratories Inc., Thermo Fisher Scientific Inc., and many others.
• Diverse Offerings: These companies provide a wide range of instruments, reagents & consumables, software, accessories, and services.

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Ensuring Safety And Accuracy In Flow Cytometry Devices
Regulatory Measures and Device Advancements

• US FDA Regulations: The US FDA’s Code of Federal Regulations (CFR) includes regulations related to flow cytometry devices, specifically the automated differential cell counter (ADCC).
• Special Controls Guidance: ADCC falls under class 2 special controls, with guidelines addressing accurate reporting, statistical linearity conditions, and specimen types.
• Vigil on Manufacturers: Flow cytometry device manufacturers must adhere to these guidelines, ensuring safety and accuracy, particularly for ADCC devices.

Strategic Acquisitions: KCAS Bioanalytical and Biomarker Services

• Acquisition of FlowMetric LLC: In February 2022, KCAS Bioanalytical and Biomarker Services acquired FlowMetric LLC, enhancing its analytical testing capabilities.
• Strategic Expansion: The acquisition strengthens KCAS’s position in the field of flow cytometry and cellular assay services.

Segmentation for In-Depth Analysis
Market Segmentation Overview

• By Type: Instruments, Reagents & Consumables, Software, Accessories, Services.
• By Technology: Cell-Based, Bead-Based.
• By Application: Oncology, Drug Discovery, Disease Diagnosis, Stem Cell Therapy, Organ Transplantation, Hematology.
• By End User: Hospitals And Clinics, Academia And Research Institutes, Pharmaceutical And Biotechnology Companies, Other End Users.

Regional Dominance: North America Leading the Way
Regional Dynamics

• North America: Leading the flow cytometry market in 2023, reflecting the region’s significant contribution to market growth.

In conclusion, the flow cytometry market is poised for remarkable expansion, driven by factors such as drug launches, regulatory measures ensuring safety and accuracy, strategic acquisitions, and comprehensive market segmentation. With an increasing focus on technological advancements and diverse applications, the flow cytometry landscape promises exciting opportunities for growth and innovation in the coming years.

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