Market revenue in 2023 | USD 1,779.2 million |
Market revenue in 2030 | USD 2,902.1 million |
Growth rate | 7.2% (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 |
Instruments was the largest segment with a revenue share of 35.12% in 2023. Horizon Databook has segmented the North America flow cytometry market based on instruments, reagents & consumables, software, accessories, services covering the revenue growth of each sub-segment from 2018 to 2030.
In 2021, North America held a substantial share of the global flow cytometry market. This large share can be attributed to the presence of well-established healthcare system and pharmaceutical industry in the U.S., which has created a significant demand for flow cytometry solutions for clinical and research purposes.
Extensive R&D initiatives being undertaken for developing vaccines & therapeutics for COVID-19 and increasing public-private investments in the field of cancer research have also fueled the need for flow cytometry solutions in the country, thus leading to high market growth.
In addition, continuous advancements in the field of flow cytometry and high affordability & adoption of innovative and advanced flow cytometry systems & solutions in the U.S. make it the most lucrative market in the world.
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