Sarasota, FL -- (SBWIRE) -- 09/18/2018 -- With the presence of a large pool of participants, the Global flow cytometry market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). Thermo Fisher Scientific Incorporation, are some of the key vendors of flow cytometry across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the flow cytometry market study.

Reports cite that, in August 2018, a researcher working in Annis Water Resources Institute of Grand Valley State University was offered a grant worth US$ 96,007 by Michigan Department of Agriculture and Rural Development for testing the application of an imaging flow cytometry. For the record, the new technology can detect Escherichia coli contamination in food.

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As estimated in this report, the global flow cytometry market stood at US$ 3,332.6 million in 2017. Witnessing a tremendous rise during the period from 2017 to 2023, the revenue in this flow cytometry market is expected to reach US$ 5,650.9 million by the end of the forecast period. The main products available in this flow cytometry market are reagents and consumables, instruments, and software. Among the three, the demand for instruments is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.

Rampant Application Of Technology In Diagnostics To Enhance Market Value

"Growing application in medical diagnostics, pharmaceuticals & drug discovery, and biomedical research along with rapid innovations witnessed in biotechnology sector will steer the growth of flow cytometry market in the ensuing years," says the author of this study. Apart from this, ability to deliver concise & authentic clinical outcomes is likely to upsurge the revenue of flow cytometry market in the forthcoming years.

Escalating instrument costs and low availability of technical professionals, however, is predicted to impinge the progress of flow cytometry market over the coming years. Lack of awareness about the flow cytometry process can also pose a threat to the growth of the business. Nevertheless, growing prevalence of diseases such as cancer and HIV is forecast to drive the business space in the couple of years, thereby normalizing the impact of hindrances on the flow cytometry market, reports the study.

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Presence of Advanced Healthcare Infrastructure To Aid Regional Dominance

Regionally, North America has been leading the worldwide flow cytometry market and is anticipated to continue on the dominant position in the years to come, states the flow cytometry market study. The presence of a well-established medical and healthcare infrastructure and skilled healthcare experts is the main factor behind the dominance of the North America flow cytometry market. Introduction of new technologies in flow cytometry along with the burgeoning demand for flow cytometry in the region is another significant factor that is supporting the growth of this regional flow cytometry market.

By Region

North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East & Africa

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