India Flow Cytometry Market Size & Outlook, 2023-2030
India flow cytometry market, 2018-2030 (US$M)
Related Markets
India flow cytometry market highlights
- The India flow cytometry market generated a revenue of USD 178.3 million in 2023 and is expected to reach USD 319.3 million by 2030.
- The India market is expected to grow at a CAGR of 8.7% 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.
Flow cytometry market data book summary
| Market revenue in 2023 | USD 178.3 million |
| Market revenue in 2030 | USD 319.3 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, India accounted for 4.1% of the global flow cytometry market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China flow cytometry market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 590.5 million by 2030.
Instruments was the largest segment with a revenue share of 34.38% in 2023. Horizon Databook has segmented the India flow cytometry market based on instruments, reagents & consumables, software, accessories, services covering the revenue growth of each sub-segment from 2018 to 2030.
In the last few decades, India has become a hub of pharmaceutical and biotechnology companies and has gained global attention due to the presence of skilled & knowledgeable manpower and low capital investments.
Owing to the presence of rich resources and a large pool of existing R&D institutions in the country, India has become one of the major areas for setting up research laboratories and manufacturing units by multinational companies.
In addition, public sector enterprises, such as Biotechnology Industry Research Assistance Council (BIRAC) and the Department of Biotechnology (DBT), have promoted R&D in the field of biotechnology across the country. Thus, rapidly growing pharmaceutical and biotechnology industries and frequent government initiatives to boost R&D activities in the country are expected to create lucrative opportunities for the growth of flow cytometry market.
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Flow Cytometry Market Scope
Flow Cytometry Market Companies
| Name | Profile | # Employees | HQ | Website |
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India flow cytometry market size, by product, 2018-2030 (US$M)
India Flow Cytometry Market Outlook Share, 2023 & 2030 (US$M)
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