JSB Market Research: Flow Cytometry Market

the cell counts and antigen expression. This technology is very sensitive when compared with
the conventional methods. Immunophenotyping is used in the application of hematology. The
cytometric analysis is easy in hematology applications due to the hematopoietic distribution
system.
Key factors restraining the market include high instrument costs and size, lack of awareness
among probable users and need for trained personnel. The costs of the instruments vary
depending on the size, technology used and present features of the instrument. The flow
cytometry technology is becoming popular for research and clinical purposes, yet there is lack
of awareness among the users. Most of the users are not aware of the advanced development
in the flow cytometry technology and believe that the instruments are space consuming,
complex in use and are of high cost, thus affecting the market growth.
The market was analyzed as per porters five forces model and reveals that there is huge
availability of suppliers in the market due to profitability of the market as well as availability of
wide variety of products such as instrument, reagents, consumables, replaceable components,
software and services. The bargaining power of the supplier is low due to many competitors
present in the market and the wide range of products that are displayed by them. On the other
hand, the buyers in the flow cytometry market such as pharma and biotech companies, clinical
and research labs, institutes and academic areas have a higher bargaining power. Few of the
reasons are for this includes cost, regulations on using specific products, compatibility, size,
accuracy, speed etc. thus allowing them to choose buyers those who can meet their specific
needs. The market experiences high degree of competition. Though there are chances for new
entrants to come up with innovative products, high initial investment keeps small plyers out of
threshold.
North America is has the highest share in revenue generated by the current flow cytometry
market and is expected to remain the leading revenue generator till 2020. This region
accounted for $252.2 million revenue in 2011. This comes to 42% of the global revenue of this
market. Asia Pacific and RoW market is expected to be the second highest revenue generator in
2020 accounting to a revenue size of $411.3 Million in 2020. The region is expected to grow at a
pace of CAGR 11.8% during the analysis period.
The major end users of the cytometry technology are the commercial organizations, medical
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