Global Flow Cytometry Market Is Predicted to Augment Owing to High Government Funding: Ken Research

Flow cytometry is the technology that deliver the speedy multi-parametric of single cells in solutions. Flow cytometry use the lasers as light sources to introduce both scattered and fluorescent light signals that are read by the detectors likewise photodiodes or photomultiplier tubes. Such signals are transmuted into the electronic signals that are analysed by the computer and written to the standardized format (.fcs) data file. Cell populace can be analysed and/or sanitized rely on their fluorescent or light scattering the features. Flow cytometry is an influential tool that has applications in immunology, molecular biology, bacteriology, virology, cancer biology and infectious disease monitoring.

According to report analysis, ‘Flow Cytometry Market: Current Analysis and Forecast (2021-2027)’ states that during the COVID-19 pandemic, the flow cytometry market has observed the healthy growth. The effective growth in acceptance of research activities and clinical trials owing to the Covid-19 have functioned as a propelling factor for the utilizes of flow cytometry approaches. For instance, during late July 2020, based on auspicious results from early-stage clinical testing of the mRNA-1273 vaccine moved to the Phase 3 clinical testing. The trial is envisioned to evaluate the safety of mRNA-1273 and to govern if the vaccine can safeguard the symptomatic COVID-19 after two doses. Also, the trial focuses to study whether the vaccine can safeguard severe COVID-19 or laboratory-confirmed SARS-CoV-2 infection with or without syndrome symptoms. This trial also seeks to answer if the vaccine can safeguard the death caused by COVID-19 and whether just one dose can avert symptomatic COVID-19, amongst other aims. Thus, the research and clinical trials concerned to the Covid-19 vaccination have poured the growth of flow cytometry during the review period.

While, certain aspects that will limit the growth of this market involve the obtainability of alternate and cheaper instruments, high costs linked with flow cytometry reagents and approaches, budget limitations for research determinations, expensive installation, and maintenance costs. Further, the shortage of skilled laborers and technicians in labs and diagnostic centers will also limit the growth of the flow cytometry market in the review period.

Based on application, the market is classified into research applications, clinical applications, and industrial applications. The research applications sector grabbed the foremost market during 2020 and accounted for the maximum revenue throughout the forecast duration. The greatest share of this segment is accredited due to the growing R&D activities linked to cancer and infectious diseases, including COVID-19. Further, the growing R&D investments in the pharmaceutical and biotechnology companies are also projected to create a favorable atmosphere for this market growth.

Region wise, the North America constitutes a foremost market for flow cytometry and created maximum revenue in 2020 due to the high government funding, vigorous personal healthcare spending, developed awareness programs, speedy acceptance of new analytical approaches, and the existence of skilled workforces. Therefore, in the near years, it is predicted that the market of flow cytometry will increase around the globe more actively over the near future.

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Global Flow Cytometry Market

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