Flow cytometer detects the characteristics of population of cells or particle such as cell size, count, and cycle. The expression of surface and intracellular molecules is analyzed by this method. The flow cytometer provides specific information about the cells. Further, it uses the light to count the cells and profile it in a fluid mixture. Also, the series of sensors that are used to detect the light which is refracted from the cells. Then, the data acquired is compiled and used to build an image. The increasing usage of flow Cytometry for clinical laboratory is creating a demand for flow cytometer.
A latest study released by Advance Market Analytics on Global Flow Cytometers Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of Flow Cytometers market. The study provides historical data (i.e. Volume** & Value) from 2014 to 2018 and forecasted till 2026*. Some are the key & emerging players that are part of coverage and have being profiled are Becton Dickinson (United States), Beckman Coulter (United States), Merck KGaA (Germany), Partec GMBH (Germany), Thermo Fisher (United States), Luminex Corp (United States), Miltenyi Biotec (Germany), Intellicyt Corp (United States), Sony (Japan) and Apogee Flow Systems (United Kingdom).
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1. Steady growth, expanding margins
Some of the players have a stellar growth track record. From 2014 to 2018, the company have shown enormous sales figures, while net income more than doubled in same period with operating as well as gross margins expanding. The rise in gross margins over the year’s points to strong pricing power by the company for its products, over and above the increase in the cost of goods sold.
2. Industry growth prospects and market share
According to AMA, key business segments sales will cross the $$ mark in 2020. Unlike classified segments popular in the industry i.e. by Application (Oncology, Drug Discovery, Disease Diagnosis, Stem Cell Therapy, Organ Transplantation, Hematology), Technology (Cell-based, Bead-based), End use (Hospitals and Clinics, Academia and Research Institutes, Pharmaceutical and Biotechnology Companies), the latest 2020 version is further broken down / narrowed to highlight new emerging twist of the industry. Global Flow Cytometers market will grow from $XX million in 2018 to reach $YY million by 2026, with a compound annual growth rate (CAGR) of xx%. The strongest growth is expected in Asia-Pacific, where CAGR is expected to be ##% from 2019 to 2026. This forecast is good news for industry players, as there is good potential for them to continue growth alongside the industry’s projected growth.
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3. Ambitious growth plans & rising competition?
Industry players have ambitious plans to introduce a whole host of new products into various markets around the world. Some examples are variant to be introduced in eight EMEA markets in Q4 2019 and 2020. Considering all round activities some of the players profiles that would be worth checking are Becton Dickinson (United States), Beckman Coulter (United States), Merck KGaA (Germany), Partec GMBH (Germany), Thermo Fisher (United States), Luminex Corp (United States), Miltenyi Biotec (Germany), Intellicyt Corp (United States), Sony (Japan) and Apogee Flow Systems (United Kingdom).
4. Where the Industry is today
Although recent year might not be that encouraging as market segments have shown modest gains, things could have been better if players would have plan ambitious move earlier. Unlike past, but with a decent valuation, investment cycle continuing to progress in the U.S., many growth opportunities ahead for the companies in 2020, it looks like a good for today but stronger returns can be expected beyond.
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Market Drivers
- Rising Clinical Trials is Fueling the Market Growth
- Increasing Need of Faster and Accurate Cancer Prognostic Tools
Market Trend
- Adoption of Flow Cytometer for Research and Development
- Increasing Awareness for Cell Based Assays
Restraints
- High Costs of Equipment in Developing Economies
Opportunities
- Government Initiatives for the Research and Development for Health Care
- Rising Biotechnology Sector
Challenges
- Lack of Awareness among the End Users
Market Leaders and their expansionary development strategies
In May 2019, Merck has acquired intermolecular Inc. which has a capability in rapid material screening.
In August 2019, Sysmex has launched PS10 Sample preparation system. It provides more efficient workflows and aids in standardizing flow cytometer testing.
Key Insights that Study is going to provide:
• Revenue splits by most promising business segments.
• Gap Analysis by Region. Country Level Break-up will help you dig out Trends and opportunity lying in specific area of your business interest.
• Market Share & Sales Revenue by Key Players & Emerging Regional Players.
• A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
• Patent Analysis** No of patents / Trademark filed in recent years.
• Competitive Landscape: Company profile for listed players with SWOT Analysis, Business Overview, Product/Services Specification, Business Headquarter, Downstream Buyers and Upstream Suppliers.
** May vary depending upon availability and feasibility of data with respect to Industry targeted
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