Flow Cytometry Services industry – the rising realm amongst stakeholders in pursuit of comprehensive cellular analysis and molecular profiling.
The flow cytometry services market (services) is estimated to be worth $2.76 billion in 2022 and is expected to grow at compounded annual growth rate (CAGR) of 9.73% during the forecast period.
Owing to the incessant increase in disease incidence rates and the lack of effective prognostics options, the diagnostics industry is unable to cater to the growing demands across various therapeutic areas. Interestingly, the recent developments in the diagnostics industry in the form flow cytometry have been able to drive significant advances and innovation in understanding the root causes of various diseases and their prognostics procedures. Their popularity can be attributed to various factors, such as rapid diagnosis, high result resolution and personalized nature. However, there are several complexities associated with it, such as high cost, complicated methodology and requirement of fully trained staff for operations. As a result, outsourcing has emerged as an essential aspect and option in the flow cytometry domain.
In the last few years, many contract service providers have emerged and significantly impacted the overall flow cytometry market, which as of now is characterized by the presence of only niche companies. Additionally, outsourcing of research, services and analytical activities allows the sponsor companies to focus on enhancing the flow cytometer as an instrument. Examples of services that are commonly offered by contract service providers in this domain are customized assay development, consumables such as dyes and buffers manufacturing, analysis of PBMC, whole blood cells and bone marrow aspirate, cell subsetting and characterization and rare cell detection.
Flow Cytometry Services
With the increase in the number of infections and diseases around the globe, it has become necessary for the medical practitioners to undertake analysis in a more dynamic and effective manner. And here’s where the flow cytometers come in handy. This has led to the evolution of several contract research organizations, which are currently undertaking analysis on the behalf of researchers and medical teams through flow cytometers. Though flow cytometers can be used in various domains, but specifically as of now, it is being majorly used in the healthcare and immunology domain. Like, flow cytometers are currently being used for diagnosis and detection of leukemia, lymphoma and prognosis of HIV.
Various types of flow cytometric services that are currently being offered by the stakeholders in this domain are Analytical Flow Cytometry Services, General Flow Cytometry Services and Other Types of Flow Cytometry Services.
In pursuit of a competitive edge, stakeholders are actively expanding their existing capabilities to enhance their respective offerings and comply with evolving industry benchmarks. The primary purpose of this analysis was to develop a deeper understanding of the overall strength of the service providers involved in this field. It allows companies to compare their existing capabilities within their respective peer groups and identify ways to gain a competitive edge in the industry. In addition, this analysis can be used by the companies to ascertain improvement areas by identifying the gaps between their existing capabilities and the best available practices in the industry.
In this analysis, we have analyzed all the companies and plotted a four-dimensional bubble analysis with supplier strength on the abscissa, service strength on the ordinate and facility strength as the size of the bubble. The primary purpose of this analysis is to compare the popularity and activity of different flow cytometry service providers on a relative basis. At no point, should the discussion in this analysis be construed as a firm recommendation that one service provider is better than the others. It is important to mention that this analysis has been done based on the information collated from various publicly available sources and the information disclosed by the company.
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