The flow cytometry in oncology and immunology market size has grown rapidly in recent years. It will grow from $1.89 billion in 2023 to $2.1 billion in 2024 at a compound annual growth rate (CAGR) of 10.9%. The growth observed in the historical period can be credited to progress in cancer research, expansion in immunology research, diagnostic applications, an increase in autoimmune diseases, and the undertaking of drug development and clinical trials.
The flow cytometry in oncology and immunology market size is expected to see rapid growth in the next few years. It will grow to $3.07 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The anticipated growth in the forecast period can be ascribed to the integration with genomics and proteomics, the increasing adoption of single-cell analysis, the broadening applications in infectious diseases, the rise in cancer incidence, and the emergence of point-of-care flow cytometry. Notable trends expected in the forecast period include immunophenotyping for immunotherapy, the miniaturization of flow cytometry systems, multiparametric analysis, a shift towards spectral flow cytometry, and collaborative research initiatives.
The anticipated rise in cancer prevalence is poised to drive the growth of flow cytometry in the oncology and immunology market. Cancer, a group of disorders characterized by uncontrolled cell growth, is a significant area of focus for flow cytometry in studying cancer and immune cells. For example, Macmillan Cancer Support reported in October 2022 that approximately 3 million people had cancer in 2020, and projections estimate an increase to 3.5 million by 2025, 4 million by 2030, and 5.3 million by 2040. Hence, the increasing prevalence of cancer is a key factor propelling the growth of flow cytometry in the oncology and immunology markets.
The growing prevalence of HIV/AIDS is expected to contribute to the expansion of the flow cytometry market in oncology and immunology. HIV, a virus affecting the immune system, poses a global health challenge. Flow cytometry plays a crucial role in HIV/AIDS research and clinical applications by analyzing cells, especially immune cells, based on their physical and chemical properties. As of July 2023, the World Health Organization reported that approximately 39.0 million individuals were living with HIV in 2022, with an estimated range of 33.1 to 45.7 million. During the same period, around 630,000 people died due to HIV-related causes, with a confidence interval of 480,000 to 880,000. Moreover, approximately 1.3 million people contracted HIV in 2022, with a range of 1.0 to 1.7 million. Thus, the rising prevalence of HIV/AIDS is a significant driver for the growth of flow cytometry in the oncology and immunology market.
Technological advancements stand out as a prominent trend gaining traction in the flow cytometry market for oncology and immunology. Major players in this market are actively embracing innovative technologies to solidify their market positions. For example, in September 2022, Becton Dickinson and Company, a US-based medical technology provider, introduced the BD Research Cloud tailored for flow cytometry applications in oncology and immunology. This cloud-based software simplifies the flow cytometry process for researchers in fields such as immunology, virology, infectious disease, and oncology surveillance. Leveraging technologies such as BD Horizon RealYellow and RealBlue Reagents, along with the BD FACSDiscover S8 Cell Sorter featuring BD CellView Image Technology, BD aims to enhance flow cytometry capabilities, enabling researchers to optimize and advance their studies. BD Research Cloud, built on an industry-standard cloud infrastructure, is designed to complement BD equipment and reagents.
Companies in the flow cytometry market for oncology and immunology are also concentrating on innovative solutions such as automated sample preparation systems. An automated sample preparation system streamlines and automates various steps involved in preparing samples for analysis. For instance, in March 2022, Beckman Coulter Life Sciences, a US-based life science company, unveiled 'CellMek SPS,' a fully automated sample preparation system designed for clinical flow cytometry. This system offers on-demand processing for diverse sample types, enabling laboratories to expand their capabilities. CellMek SPS, building on a robust history of lab automation, integrates features that enhance efficiency by automating outdated manual preparation methods. This innovative system ensures a seamless workflow, delivering a continuous output of samples ready for analysis with complete traceability.
In July 2021, DiaSorin S.p.A., an Italy-based biotechnology company, completed the acquisition of Luminex Corporation for $1.8 billion. This strategic move by DiaSorin S.p.A. aims to strengthen its existing portfolio in the life science sector, fostering access to academic and scientific research, expanding collaboration with biopharma businesses, and enhancing overall market presence. Luminex Corporation, a US-based biotechnology company, specializes in providing flow cytometry solutions for oncology and immunology.
Major companies operating in the flow cytometry in oncology and immunology market report are Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, Becton Dickinson and Company, Laboratory Corporation of America Holdings, Agilent Technologies Inc., Sartorius AG, Beckman Coulter Inc., Bio-Rad Laboratories Inc., Sysmex Partec GmbH, OPKO Health Inc., Miltenyi Biotec, NeoGenomics Laboratories Inc., Luminex Corporation, Q2 Solutions LLC, Enzi Biochem Inc., DiaSorin S.p.A,BioLegend Inc., Cytek Biosciences Inc., Cell Signaling Technology Inc., Standard BioTools Inc., Sony Biotechnology Inc., NanoCellect Biomedical Inc., Nexcelom Bioscience LLC, CytoReason.
North America was the largest region in the flow cytometry in oncology and immunology market in 2023. The regions covered in the flow cytometry in oncology and immunology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the flow cytometry in oncology and immunology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The primary categories of flow cytometry in oncology and immunology encompass immunology and oncology. Immunology, a field within biomedical science, explores the immune system and its reactions to foreign substances referred to as antigens. Within the realms of oncology and immunology, flow cytometry involves diverse technologies, including cell-based flow cytometry and bead-based flow cytometry. These technologies find applications in various contexts such as translational research and clinical research. The end users of flow cytometry in this context encompass hospitals, diagnostic laboratories, reference laboratories, pharmaceutical and biotechnology companies, academic research institutes, contract research organizations, among others.
The flow cytometry in oncology and immunology research report is one of a series of new reports that provides flow cytometry in oncology and immunology market statistics, including the flow cytometry in oncology and immunology industry's global market size, regional shares, competitors with flow cytometry in oncology and immunology market share, detailed flow cytometry in oncology and immunology market segments, market trends and opportunities, and any further data you may need to thrive in the flow cytometry in oncology and immunology industry. This flow cytometry in oncology and immunology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The flow cytometry in oncology and immunology market includes revenues earned by entities by providing services such as cell-based assay services, drug development services, and minimal residual disease (MRD) monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. The flow cytometry in oncology and immunology market also consists of sales of products flow cytometers, fluorescence-activated cell sorters (FACS), monoclonal antibodies, and fluorochromes. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The flow cytometry in oncology and immunology market size is expected to see rapid growth in the next few years. It will grow to $3.07 billion in 2028 at a compound annual growth rate (CAGR) of 10.0%. The anticipated growth in the forecast period can be ascribed to the integration with genomics and proteomics, the increasing adoption of single-cell analysis, the broadening applications in infectious diseases, the rise in cancer incidence, and the emergence of point-of-care flow cytometry. Notable trends expected in the forecast period include immunophenotyping for immunotherapy, the miniaturization of flow cytometry systems, multiparametric analysis, a shift towards spectral flow cytometry, and collaborative research initiatives.
The anticipated rise in cancer prevalence is poised to drive the growth of flow cytometry in the oncology and immunology market. Cancer, a group of disorders characterized by uncontrolled cell growth, is a significant area of focus for flow cytometry in studying cancer and immune cells. For example, Macmillan Cancer Support reported in October 2022 that approximately 3 million people had cancer in 2020, and projections estimate an increase to 3.5 million by 2025, 4 million by 2030, and 5.3 million by 2040. Hence, the increasing prevalence of cancer is a key factor propelling the growth of flow cytometry in the oncology and immunology markets.
The growing prevalence of HIV/AIDS is expected to contribute to the expansion of the flow cytometry market in oncology and immunology. HIV, a virus affecting the immune system, poses a global health challenge. Flow cytometry plays a crucial role in HIV/AIDS research and clinical applications by analyzing cells, especially immune cells, based on their physical and chemical properties. As of July 2023, the World Health Organization reported that approximately 39.0 million individuals were living with HIV in 2022, with an estimated range of 33.1 to 45.7 million. During the same period, around 630,000 people died due to HIV-related causes, with a confidence interval of 480,000 to 880,000. Moreover, approximately 1.3 million people contracted HIV in 2022, with a range of 1.0 to 1.7 million. Thus, the rising prevalence of HIV/AIDS is a significant driver for the growth of flow cytometry in the oncology and immunology market.
Technological advancements stand out as a prominent trend gaining traction in the flow cytometry market for oncology and immunology. Major players in this market are actively embracing innovative technologies to solidify their market positions. For example, in September 2022, Becton Dickinson and Company, a US-based medical technology provider, introduced the BD Research Cloud tailored for flow cytometry applications in oncology and immunology. This cloud-based software simplifies the flow cytometry process for researchers in fields such as immunology, virology, infectious disease, and oncology surveillance. Leveraging technologies such as BD Horizon RealYellow and RealBlue Reagents, along with the BD FACSDiscover S8 Cell Sorter featuring BD CellView Image Technology, BD aims to enhance flow cytometry capabilities, enabling researchers to optimize and advance their studies. BD Research Cloud, built on an industry-standard cloud infrastructure, is designed to complement BD equipment and reagents.
Companies in the flow cytometry market for oncology and immunology are also concentrating on innovative solutions such as automated sample preparation systems. An automated sample preparation system streamlines and automates various steps involved in preparing samples for analysis. For instance, in March 2022, Beckman Coulter Life Sciences, a US-based life science company, unveiled 'CellMek SPS,' a fully automated sample preparation system designed for clinical flow cytometry. This system offers on-demand processing for diverse sample types, enabling laboratories to expand their capabilities. CellMek SPS, building on a robust history of lab automation, integrates features that enhance efficiency by automating outdated manual preparation methods. This innovative system ensures a seamless workflow, delivering a continuous output of samples ready for analysis with complete traceability.
In July 2021, DiaSorin S.p.A., an Italy-based biotechnology company, completed the acquisition of Luminex Corporation for $1.8 billion. This strategic move by DiaSorin S.p.A. aims to strengthen its existing portfolio in the life science sector, fostering access to academic and scientific research, expanding collaboration with biopharma businesses, and enhancing overall market presence. Luminex Corporation, a US-based biotechnology company, specializes in providing flow cytometry solutions for oncology and immunology.
Major companies operating in the flow cytometry in oncology and immunology market report are Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, Becton Dickinson and Company, Laboratory Corporation of America Holdings, Agilent Technologies Inc., Sartorius AG, Beckman Coulter Inc., Bio-Rad Laboratories Inc., Sysmex Partec GmbH, OPKO Health Inc., Miltenyi Biotec, NeoGenomics Laboratories Inc., Luminex Corporation, Q2 Solutions LLC, Enzi Biochem Inc., DiaSorin S.p.A,BioLegend Inc., Cytek Biosciences Inc., Cell Signaling Technology Inc., Standard BioTools Inc., Sony Biotechnology Inc., NanoCellect Biomedical Inc., Nexcelom Bioscience LLC, CytoReason.
North America was the largest region in the flow cytometry in oncology and immunology market in 2023. The regions covered in the flow cytometry in oncology and immunology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the flow cytometry in oncology and immunology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The primary categories of flow cytometry in oncology and immunology encompass immunology and oncology. Immunology, a field within biomedical science, explores the immune system and its reactions to foreign substances referred to as antigens. Within the realms of oncology and immunology, flow cytometry involves diverse technologies, including cell-based flow cytometry and bead-based flow cytometry. These technologies find applications in various contexts such as translational research and clinical research. The end users of flow cytometry in this context encompass hospitals, diagnostic laboratories, reference laboratories, pharmaceutical and biotechnology companies, academic research institutes, contract research organizations, among others.
The flow cytometry in oncology and immunology research report is one of a series of new reports that provides flow cytometry in oncology and immunology market statistics, including the flow cytometry in oncology and immunology industry's global market size, regional shares, competitors with flow cytometry in oncology and immunology market share, detailed flow cytometry in oncology and immunology market segments, market trends and opportunities, and any further data you may need to thrive in the flow cytometry in oncology and immunology industry. This flow cytometry in oncology and immunology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The flow cytometry in oncology and immunology market includes revenues earned by entities by providing services such as cell-based assay services, drug development services, and minimal residual disease (MRD) monitoring. The market value includes the value of related goods sold by the service provider or included within the service offering. The flow cytometry in oncology and immunology market also consists of sales of products flow cytometers, fluorescence-activated cell sorters (FACS), monoclonal antibodies, and fluorochromes. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Flow Cytometry in Oncology and Immunology Market Characteristics3. Flow Cytometry in Oncology and Immunology Market Trends and Strategies32. Global Flow Cytometry in Oncology and Immunology Market Competitive Benchmarking33. Global Flow Cytometry in Oncology and Immunology Market Competitive Dashboard34. Key Mergers and Acquisitions in the Flow Cytometry in Oncology and Immunology Market
4. Flow Cytometry in Oncology and Immunology Market - Macro Economic Scenario
5. Global Flow Cytometry in Oncology and Immunology Market Size and Growth
6. Flow Cytometry in Oncology and Immunology Market Segmentation
7. Flow Cytometry in Oncology and Immunology Market Regional and Country Analysis
8. Asia-Pacific Flow Cytometry in Oncology and Immunology Market
9. China Flow Cytometry in Oncology and Immunology Market
10. India Flow Cytometry in Oncology and Immunology Market
11. Japan Flow Cytometry in Oncology and Immunology Market
12. Australia Flow Cytometry in Oncology and Immunology Market
13. Indonesia Flow Cytometry in Oncology and Immunology Market
14. South Korea Flow Cytometry in Oncology and Immunology Market
15. Western Europe Flow Cytometry in Oncology and Immunology Market
16. UK Flow Cytometry in Oncology and Immunology Market
17. Germany Flow Cytometry in Oncology and Immunology Market
18. France Flow Cytometry in Oncology and Immunology Market
19. Italy Flow Cytometry in Oncology and Immunology Market
20. Spain Flow Cytometry in Oncology and Immunology Market
21. Eastern Europe Flow Cytometry in Oncology and Immunology Market
22. Russia Flow Cytometry in Oncology and Immunology Market
23. North America Flow Cytometry in Oncology and Immunology Market
24. USA Flow Cytometry in Oncology and Immunology Market
25. Canada Flow Cytometry in Oncology and Immunology Market
26. South America Flow Cytometry in Oncology and Immunology Market
27. Brazil Flow Cytometry in Oncology and Immunology Market
28. Middle East Flow Cytometry in Oncology and Immunology Market
29. Africa Flow Cytometry in Oncology and Immunology Market
30. Flow Cytometry in Oncology and Immunology Market Competitive Landscape and Company Profiles
31. Flow Cytometry in Oncology and Immunology Market Other Major and Innovative Companies
35. Flow Cytometry in Oncology and Immunology Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Flow Cytometry In Oncology and Immunology Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on flow cytometry in oncology and immunology market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Benchmark performance against key competitors.
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- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for flow cytometry in oncology and immunology? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Immunology; Oncology
2) By Technology: Cell-based Flow Cytometry; Bead-based Flow Cytometry
3) By Application: Translational Research; Clinical Research
4) By End-user: Hospitals; Diagnostic Laboratories; Reference Laboratories; Pharmaceutical and Biotechnology Companies; Academic Research Institutes; Contract Research Organizations; Other End-users
Key Companies Mentioned: Thermo Fisher Scientific Inc.; Danaher Corporation; Merck KGaA; Becton Dickinson and Company; Laboratory Corporation of America Holdings
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Thermo Fisher Scientific Inc.
- Danaher Corporation
- Merck KGaA
- Becton Dickinson and Company
- Laboratory Corporation of America Holdings
- Agilent Technologies Inc.
- Sartorius AG
- Beckman Coulter Inc.
- Bio-Rad Laboratories Inc.
- Sysmex Partec GmbH
- OPKO Health Inc.
- Miltenyi Biotec
- NeoGenomics Laboratories Inc.
- Luminex Corporation
- Q2 Solutions LLC
- Enzi Biochem Inc.
- DiaSorin S.p.A
- BioLegend Inc.
- Cytek Biosciences Inc.
- Cell Signaling Technology Inc.
- Standard BioTools Inc.
- Sony Biotechnology Inc.
- NanoCellect Biomedical Inc.
- Nexcelom Bioscience LLC
- CytoReason.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 2.1 Billion |
Forecasted Market Value ( USD | $ 3.07 Billion |
Compound Annual Growth Rate | 10.0% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |