Europe Flow Cytometry Market Size & Outlook, 2023-2030
Europe flow cytometry market, 2018-2030 (US$M)
Related Markets
Europe flow cytometry market highlights
- The Europe flow cytometry market generated a revenue of USD 1,152.6 million in 2023.
- The market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, instruments was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,152.6 million |
| Market revenue in 2030 | USD 1,818.3 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Reagents & Consumables, Software, Accessories, Services |
| Key market players worldwide | Danaher Corp, BD, Sysmex Corp, Agilent Technologies, Apogee Enterprises Inc, Bio-Rad Laboratories Inc Class A, Thermo Fisher Scientific Inc, Wipro Ltd ADR, Diasorin SpA, Miltenyi Biotec, Sony Group Corp |
Other key industry trends
- In terms of revenue, Europe region accounted for 26.7% of the global flow cytometry market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,656.6 million by 2030.
Instruments was the largest segment with a revenue share of 35.41% in 2023. Horizon Databook has segmented the Europe flow cytometry market based on instruments, reagents & consumables, software, accessories, services covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of Europe flow cytometry market can primarily be attributed to the increasing demand for flow cytometry products in countries with well-established biotechnology industries such as Germany, the UK, and Italy. Moreover, expanding biotechnology sector in countries, such as Spain and Russia, is expected to create a conducive environment for the growth of Europe flow cytometry market.
In addition, continuous research initiatives being undertaken by European manufacturers for the development of new and innovative flow cytometry solutions are anticipated to create lucrative opportunities for market growth.
Furthermore, a large number of COVID-19 cases in countries such as Italy, France, the UK, & Germany and extensive R&D initiatives by European pharmaceutical players to develop vaccines for the disease are anticipated to create high demand for flow cytometry solutions.
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Flow Cytometry Market Scope
Flow Cytometry Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe flow cytometry market size, by country, 2018-2030 (US$M)
Europe Flow Cytometry Market Outlook Share, 2023 & 2030 (US$M)
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