Flow cytometry is a technique used to examine microscopic particles, with the help of fluids, by passing them through an electronic detection apparatus. This technology has a number of applications like molecular biology and immunology but has its major applications in medicine, especially in areas like genetics and chemotherapy.
Based on the applications, flow cytometry products are used for monitoring and examining patients. Advancements in the technology and the development of new analysis techniques in combination with medical diagnostics have created favorable conditions for growth. The advanced flow cytometry products market is currently small but there is tremendous potential for growth largely due to various medical advancements.
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The high growth areas include:
Stem Cell Research.
Immunology and Vaccine Development.
Geographically, flow cytometry products are divided into four major regions with North America, being technologically advanced, has the largest market share followed by Europe, Asia Pacific, and the rest of the world. Developing economies like China, India, Brazil, and Russia have tremendous potential for growth.
The flow cytometry products market is primarily driven by an increase in the number of patients across the world. Although it is costly in nature, it helps detect fatal diseases.
Major advantages of having flow cytometry products are:
They are precise in nature
Analysis of a single cell can be carried out
Availability of statistical data
These products are not only used for diagnosis of various diseases but are also used in various research projects like stem cell research to find cures for diseases like HIV/AIDS.
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With flow cytometry products being used in a variety of applications, there is constant up-gradation and new applications that are likely to benefit many other related areas by further reducing the costs. These factors along with the growing population in developing economies are expected to drive the market growth for the next six years.
Some of the major companies manufacturing flow cytometry products are BD Biosciences, Beckman Coulter, Life Technologies Corporation, Luminex Corporation, Amnis and others.