World Flow Cytometry-Market Opportunities and Forecast, 2014-2022, the world flow cytometry market would generate a revenue of $7.0 billion by 2022, registering a CAGR of 16.0% during 2015-2022. The instruments segment held a dominant share in the world flow cytometry market in 2014, and is expected to maintain its lead during the forecast period. Within flow cytometry instruments market, replacement components segment is projected to grow at a highest CAGR of 16.3% during the forecast period.
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Top Key Players :
The key companies profiled in the report are Danaher Corporation (Beckman Coulter), Becton, Dickinson and Co., EMD Millipore (Merck Millipore), Sysmex Corporation, Affymetrix, Inc., Luminex Corporation, Thermo Fischer Scientific, Inc., Bio-Rad Laboratories, Inc., Miltenyi Biotec, Inc. and Agilent Technologies, Inc.
The world flow cytometry market is poised to grow at a significant pace, owing to rising adoption of advanced instruments, growing popularity of flow cytometry reagents in diagnosis, recurring sales from replaceable components and consumables, and rising prevalence of diseases such as cancer and HIV.
Furthermore, emerging applications across novel fields of research, such as genomics, proteomics, marine biology, molecular cytogenetics among others, would open new avenues in the world flow cytometry market. With increasing use of flow cytometry in identifying target molecules, biochemical screening, lead characterization and testing new molecular entities (NMEs), the promulgating use of flow cytometry is expected during the forecast period. However, factors such as high cost associated with the instruments, lack of awareness among potential end users and limited technical expertise would impede the market growth.
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The academic and clinical application segment would continue to dominate the market during 2014-2022. This is mainly attributed to the growing adoption of flow cytometry in pharmacodynamic studies, cellular analysis, genomic analysis and molecular analysis. Booming pharmaceutical and biotechnology industries, especially in the emerging economies, would foster the growth of the academic and clinical application segment.
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