Global Imaging Flow Cytometry Market Size By Component (Hardware, Software, and Services), By Application (Academic & Research Institutes, Hospitals & Clinical Testing Laboratories, Pharmaceutical & Biotechnology Companies), By Geographic Scope And Forecast

Imaging Flow Cytometry Market Size And Forecast

Imaging Flow Cytometry Market size was valued at USD 42.48 Billion in 2024 and is projected to reach USD 103.61 Billion by 2031, growing at a CAGR of 11.79% during the forecasted period 2024 to 2031.

The increasing focus on immunology and immuno-oncology research, rising adoption of flow cytometry techniques in research activities and clinical trials, and the growing technological advancements is the crucial driver of the growth of the global Imaging Flow Cytometry Market. The Global Imaging Flow Cytometry Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Imaging Flow Cytometry Market Definition

Imaging flow cytometry combines traditional flow cytometry and digital microscopy into a single technique. Flow cytometry imaging has been known for decades, with attempts to combine video imaging and flow cytometry dating back to 1979. IFC (imaging flow cytometry) is a technology that combines traditional flow cytometry with microscopy to examine and picture massive numbers of individual cells. In recent years, it has become increasingly popular as scientists try to take out more information from limited sample material at the single-cell level. The very first functional imaging flow cytometers were developed by Leon Wheeless at the University of Rochester in the 11970s.

Global Imaging Flow Cytometry Market Overview

The rising awareness about research and academics with increasing investment is providing a supportive backbone to the market. Currently, the United Nations has invested around USD 38 Billion as an external financing gap for basic and lower secondary education. This will help in maintaining good quality education with strategic growth that will directly impact the development of the nation. Many institutes and universities in today’s technologically advanced world are implementing novel teaching approaches. A new phase of scientific investigation of single cells is being fueled by this new genome-based information. This market continues to expand with no apparent end in sight. The pharmaceutical industry’s workhorse is emerging as a key participant in biotechnology. Microfluidic flow cytometry platforms have recently been demonstrated to be effective instruments for manipulating and analyzing single cells and micron-sized particles inflow. Major market players are concentrating their efforts on new product launches, which are projected to fuel market growth throughout the forecast period.

However, as a result, R&D is not a government priority in LICs, where investment is less than 1% of GDP. This is understandable for three reasonsTo begin with, LICs continue to struggle to provide their inhabitants with basic needs for food, clothing, and shelter. Only a few extra resources remain for the government to invest in R&D. Furthermore, unlike HICs, where most research activities are funded by the private sector, LICs typically support the majority of their research with public monies.

Global Imaging Flow Cytometry Market Segmentation Analysis

The Global Imaging Flow Cytometry Market is segmented on the basis of Component, Application, And Geography.

Imaging Flow Cytometry Market, By Component

• Hardware• Software• Services

Based on Component, the market is bifurcated into Hardware, Software, and Services. Hardware accounted for the largest market share in 2020 and is projected to grow at the highest CAGR of 11.86% during the forecast period. The hardware segment possesses a noteworthy share in the imaging flow cytometry market. Here hardware is defined as the instrument or product (cytometer) sold to the end-user. This cytometer is distinguished from conventional cytometers because of its ability to produce images. Imaging flow cytometer mainly consists of cell analysis in diverse biomedical fields such as cancer biology, microbiology, immunology, hematology, and stem cell biology. There are three components of imaging flow cytometry such as fluidics, optics, and electronics. It allows multiparametric fluorescent and morphological analysis of thousands of cellular events and has the unique capability of identifying collected events by their real images.

Imaging Flow Cytometry Market, By Application

• Academic & Research Institutes• Hospitals & Clinical Testing Laboratories• Pharmaceutical & Biotechnology Companies

Based on Application, the market is bifurcated into Academic & Research Institutes, Hospitals & Clinical Testing Laboratories, and Pharmaceutical & Biotechnology Companies. Academic & Research Institutes accounted for the largest market share in 2020 and is projected to grow at the highest CAGR of 11.91% during the forecast period. Several academic research institutions continuously develop this technique because it is a powerful technique to simultaneously analyze multiple characteristics of thousands of individual cells in a relatively short period. Furthermore, various types of industries support the mission of NIEHS by providing the latest advances in flow cytometric technology to the institute for reducing the burden of diseases and dysfunctions associated with the environment.

Imaging Flow Cytometry Market, By Geography

• North America• Europe• Asia Pacific• Latin America• Middle East & Africa

On the basis of regional analysis, the Global Imaging Flow Cytometry Market is classified into North America, Europe, Asia Pacific, Latin America, And Middle East & Africa. North America accounted for the largest market share in 2020 and is projected to grow at the highest CAGR of 11.91% during the forecast period. The rising demand for imaging flow cytometry in the treatment of several critical diagnoses, a rise in the number of patients with different types of cancers, and rare diseases across the region, rising demand from the healthcare industry, and the rest others. The increase in investments in the development of imaging flow cytometry technology, and different treatments for cancer, amongst others, is also fueling the growth of the North American imaging flow cytometry market.

Key Players

The “Global Imaging Flow Cytometry Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Luminex Corporation, Miltenyi Biotec, Danaher Corporation, Coriolis Pharma, Sysmex, Thermo Fisher, Apogee Flow Systems Ltd., Yokogawa Fluid Imaging Technologies, Inc., Nexcelom Bioscience LLC, Molecular Devices LLC. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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