Flow cytometry market is expected to grow at a lucrative rate during the forecast period due to increasing technological advancements in the flow cytometry devices and instruments, increasing applications such as development of clinical grade high speed cell sorters for stem cell research, development of integrated flow cytometry with multiplex bead assays and imaging devices, and automated sample handling which enables easier drug discovery and development. Furthermore, development of compact and affordable flow cytometers with user-friendly software, thereby expanding flow cytometry from core laboratories to individual laboratories and, increasing development of fluors or new antibody reagents that will contribute to novel discoveries in cellular and molecular biology, presence of highly distinguishable sub populations among millions of cells, and introduction of multicolor flow cytometers with multiple lasers are also expected to fuel market growth throughout the forecast period.
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Technological advancements such as introduction of new reagents for specific applications such as drug discovery, diagnosis and evolution of user high throughput flow cytometry, introduction of flow-cytometry techniques in modern hematology analyzers, availability of easier to use flow cytometers for CD4 testing which can be used at point of care and allow testing in areas away from healthcare facilities, growing need for brighter fluorescent dyes and more sensitive assays, and introduction of user friendly, intuitive software are expected to drive the demand through to the 2022.
Geographically, flow cytometry market is divided into North America, Europe, Asia-Pacific, Latin America and MEA. North America accounted for the largest market share in 2014 owing to increasing ageing population and increasing number of cancer patients, increasing applications of compact and low cost flow cytometers in research laboratories and clinical diagnostics. Asia Pacific region with emerging economies such as China and India are expected to witness a lucrative growth in the next seven years.
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