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Flow Cytometer Market to Expand by USD 8.17 Billion (2024-2028), Rising R&D Investments Drive Growth, Report on AI’s Impact on Market Trends – Technavio

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NEW YORK, Nov. 26, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global flow cytometer market size is estimated to grow by USD 8.17 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 15.2% during the forecast period. Increasing expenditure on r and d is driving market growth, with a trend towards increasing level of process automation. However, high cost of instruments poses a challenge.Key market players include Abbott Laboratories, Agilent Technologies Inc., Amphasys AG, Apogee Flow Systems Ltd., Becton Dickinson and Co., Bio Rad Laboratories Inc., Cytek Biosciences Inc., Danaher Corp., DiaSorin SpA, Enzo Biochem Inc., Miltenyi Biotec B.V. And Co. KG, Shenzhen Mindray BioMedical Electronics Co. Ltd, OLS OMNI Life Science GmbH and Co. KG, On-Chip Biotechnologies Co. Ltd., Sartorius AG, Sony Group Corp., Stratedigm Inc., Sysmex Corp., Thermo Fisher Scientific Inc., and Union Biometrica Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Flow Cytometer Market Scope

Report Coverage

Details

Base year

2023

Historic period

2017 – 2021

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 15.2%

Market growth 2024-2028

USD 8170.7 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.86

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 32%

Key countries

US, China, UK, Germany, and Canada

Key companies profiled

Abbott Laboratories, Agilent Technologies Inc., Amphasys AG, Apogee Flow Systems Ltd., Becton Dickinson and Co., Bio Rad Laboratories Inc., Cytek Biosciences Inc., Danaher Corp., DiaSorin SpA, Enzo Biochem Inc., Miltenyi Biotec B.V. And Co. KG, Shenzhen Mindray BioMedical Electronics Co. Ltd, OLS OMNI Life Science GmbH and Co. KG, On-Chip Biotechnologies Co. Ltd., Sartorius AG, Sony Group Corp., Stratedigm Inc., Sysmex Corp., Thermo Fisher Scientific Inc., and Union Biometrica Inc.

Market Driver

The Flow Cytometer Market is experiencing significant growth due to the increasing demand for multiparametric data analysis in various industries. Stem cell cultures and fluorescent-labeled antibodies are key applications driving market expansion. Flow cytometry is used extensively in the research and diagnosis of diseases such as cancer, HIV, and autoimmune disorders. FlowMetric Life Sciences, innovators in flow cytometry, provide instruments, software, and flow cytometry services for drug discovery and cell line development. Flow cytometry techniques like Western blotting, immunohistochemistry, and microscopy complement the analysis. Accessories like fluorochrome combinations, liquid handling robotics, and bead-based assays expand the capabilities of flow cytometry. The market caters to biotechnology, life science, and biopharmaceutical research activities, offering point-of-care diagnostics for tuberculosis, sexually transmitted diseases, and other infectious diseases. Digital signal processing enhances data analysis solutions, while cellular diagnostics and immunodeficiency disorders are other major applications. Flow cytometry instruments include microfluidic flow cytometry and PCR, and antibody-based testing is a significant trend. 

Flow cytometry, a laboratory technique used for analyzing and sorting cells, has seen significant advancements in automation over the past few decades. Manual sample preparation and loading have been replaced with instruments that automate these processes. These devices feature digital interfaces and store processed information, reducing the need for human intervention. Integration with other devices and processes increases flexibility, enables continuous sample flow, and decreases processing time and supervision. Modern laboratory equipment can be integrated into a digital ecosystem, ensuring a seamless transition between processes. 

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Market Challenges

Flow cytometry is a crucial technology in life sciences and biotechnology industries for analyzing cells. It allows for the measurement of multiple parameters, including the use of fluorescent-labeled antibodies and compounds, on single cells. However, handling multiparametric data can be challenging. Stem cell cultures also pose unique difficulties. Flow cytometers, instruments, accessories, and software are essential tools for this technique. In cancer, HIV, and other diseases like leukemia and lymphoma, flow cytometry plays a significant role in diagnosis and drug discovery services. Flow cytometry innovators and contract service providers offer flow cytometry analysis for immune cells, cell line development, and cellular diagnostics. Parameters like digital signal processing and fluorochrome combinations enhance the technology’s capabilities. FlowMetric Life Sciences, liquid handling robotics, and microfluidic flow cytometry are recent advancements. Applications include clinical testing labs, PCR, antibody-based testing, and point-of-care diagnostics for diseases like tuberculosis and sexually transmitted diseases.The flow cytometer market is experiencing significant growth due to the increasing demand for advanced analytical tools in drug discovery and development for infectious and chronic diseases. Flow cytometers are essential instruments in this process, offering precise and accurate data. However, the high cost of these instruments poses a challenge to market expansion. Prices range from USD100,200 to USD500,200 for a single unit, with additional expenses for reagents, markers, consumables, and accessories. This investment is justified by the valuable data generated, but it remains a significant consideration for research organizations and pharmaceutical companies.

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Segment Overview

This flow cytometer market report extensively covers market segmentation by

Product1.1 Reagents and consumables1.2 Instruments1.3 OthersEnd-user2.1 Pharmaceutical industry2.2 Health and diagnostic centers2.3 OthersGeography3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Reagents and consumables- The global flow cytometer market is driven by the essential role of reagents and consumables in various applications across clinical diagnostics, research, and biopharmaceutical industries. Reagents, including fluorescently labeled antibodies, viability dyes, and calibration beads, enhance cellular property detection and quantification. Innovation in reagent composition leads to more effective products for molecular and cellular biology studies. Thermo Fisher Scientific and Bio-Rad Laboratories are key vendors offering a wide range of assays, antibodies, and reagents for flow cytometry. The market growth is fueled by the increasing prevalence of chronic diseases, advancements in personalized medicine, and research activities in immunology and cancer biology. High-quality consumables ensure sample integrity and accurate flow cytometric analyses. Investments in new antibody and Deoxo-Fluor reagents will further drive demand.

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Research Analysis

Flow cytometry is a powerful analytical technique used in various fields of life science, biotechnology, and biopharmaceutical research activities. This technique enables the analysis of multiparametric data from individual cells using fluorescent-labeled antibodies or compounds. Stem cell cultures are increasingly utilizing flow cytometry for characterization and sorting. Control parameters such as forward and side scatter are used to identify and exclude debris and aggregates. Data analysis solutions help researchers make sense of the complex data generated. Flow cytometry services offer expertise and equipment for those without access to their own instruments. Flow cytometry is used in the diagnosis and research of various diseases, including autoimmune disorders, infectious diseases like HIV/AIDS, and cancer, as well as immunodeficiency disorders. Techniques such as Western blotting, immunohistochemistry, microscopy, and PCR are often used in conjunction with flow cytometry. Microfluidic flow cytometry and antibody-based testing are emerging applications. Flow cytometer instruments continue to advance, offering increased sensitivity, speed, and multiplexing capabilities.

Market Research Overview

Flow cytometry is a powerful analytical technology used to measure and analyze the physical and chemical characteristics of cells, including their size, shape, and the presence of specific markers. This technique employs the use of flow cytometers, instruments that pass single cells in suspension through a laser beam, exciting fluorescent-labeled antibodies or compounds attached to the cells. Multiparametric data is generated, allowing for the simultaneous measurement of multiple parameters. Stem cell cultures and immune cells are common applications, with flow cytometry playing a crucial role in cancer, HIV, leukemia, lymphoma, autoimmune disorders, infectious diseases, and drug discovery services. Flow cytometry analysis is essential for cell line development, immunodeficiency disorders, and biotechnology research activities. Innovations in flow cytometry include microfluidic flow cytometry, digital signal processing, point-of-care diagnostics, and cell-based flow cytometry. Accessories, software, and bead-based assays are also integral components of the flow cytometry ecosystem. FlowMetric Life Sciences and other contract service providers offer flow cytometry services to researchers and clinical testing labs. Fluorochrome combinations, liquid handling robotics, and PCR are additional tools used in conjunction with flow cytometry for various applications, including drug development activities and antibody-based testing for diseases like tuberculosis and sexually transmitted diseases.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductReagents And ConsumablesInstrumentsOthersEnd-userPharmaceutical IndustryHealth And Diagnostic CentersOthersGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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State Grid Kizilsu Kirghiz Autonomous Prefecture Electric Power Supply Company escorts the migratory birds along their lifeline

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KIZILSU, China, Nov. 27, 2024 /PRNewswire/ — Recently, the State Grid Kizilsu Kirghiz Autonomous Prefecture Electric Power Supply Company visited the Buyamat Primary School in Artush City, Kizilsu, Xinjiang, and carried out a special activity with the theme of “Hand in Hand with Children to Escort the Lifeline of Migratory Birds”, aiming to enhance the understanding of primary school students about birds and environmental protection.

During the event, the staff of the State Grid Kizilsu Kirghiz Autonomous Prefecture Electric Power Supply Company vividly told the students about the touching story of how they found and protected the black stork. The students were not only moved by the spirit of bird protection in the story, but also deeply realized the importance of protecting birds and the ecological environment.

In recent years, State Grid Kizilsu Kirghiz Autonomous Prefecture Electric Power Supply Company has always integrated the concept of green development into all aspects of power grid construction and operation, and is committed to promoting biodiversity conservation and building an environment-friendly power grid. Combined with public welfare brand projects such as “Migratory Bird Lifeline”, “Life Bird’s Nest” and “Green Power Ark”, the company systematically promotes the “bird-line” dual protection work, forming a new situation of harmonious coexistence of “bird-line”.

In the next step, State Grid Kizilsu Kirghiz Autonomous Prefecture Electric Power Supply Company will continue to expand the form and content of science popularization and education, continue to enhance the popularization of ecological civilization knowledge through the combination of humanities and nature education, further raise minors’ awareness of caring for nature and protecting wild animals, and build a beautiful home of harmonious coexistence between man and nature with practical actions.

 

View original content:https://www.prnewswire.com/apac/news-releases/state-grid-kizilsu-kirghiz-autonomous-prefecture-electric-power-supply-company-escorts-the-migratory-birds-along-their-lifeline-302317258.html

SOURCE State Grid Kizilsu Kirghiz Autonomous Prefecture Electric Power Supply Company

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Vietnam Fintech Summit 2024: Official Event of Techfest Vietnam

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HAIPHONG, Vietnam, Nov. 27, 2024 /PRNewswire/ — Vietnam Fintech Summit 2024 (VFS) officially opens today at Pullman Hotel, Haiphong. Co-hosted by VINASA and the Fintech Community – Techfest Vietnam, the event serves as a key gathering for leaders, entrepreneurs, and financial technology experts globally, fostering innovation and sustainable development in the fintech sector.

Fintech Potential in Vietnam

Vietnam stands out as one of the fastest-growing fintech markets in the region, with over $19 billion in electronic transaction value, making it the second-largest fintech market in ASEAN. The market has grown from $0.7 billion in 2016 to $4.5 billion in 2022, now serving over 29 million users. To capitalize on this growth, the Vietnamese fintech community needs a conducive environment, knowledge-sharing platforms, and access to global expertise. VFS provides an ideal opportunity for startups to deepen their understanding of Vietnam’s financial landscape and connect with world-leading fintech experts.

Event Details

Date: November 26, 2024Time: 8:00 AM12:00 PMVenue: Pullman Hotel, 12 Tran Phu, Ngo Quyen District, Haiphong City

Conference Highlights

The event features deep-dive discussions and panel talks covering key fintech topics such as Open Banking trends, Open API collaborations, cashless payment technologies, expanding access to financial services through technology, and AI applications in finance. Speakers will share practical insights and global experiences to drive sustainable growth and foster collaborations in Vietnam’s fintech ecosystem.

Esteemed Partners and Experts

Vietnam Fintech Summit 2024 is proud to collaborate with esteemed financial and tech organizations, including APAC DAO and Tech Vietnam Advocates. Community partners include the African Fintech Network, Digital Finance Associations, Fintech Associations from Indonesia, Cambodia, and the Philippines, Cyberport Hong Kong, Digital Pilipinas, the Global Fintech Institute, and more.

With strong media support from PRNewsWire, TechSauce, VnEconomy, and others, VFS brings together top experts and thought leaders to share their vision, expertise, and collaborations, contributing to a robust financial technology ecosystem in Vietnam and the APAC region.

Introducing the Organizers and Collaborators of Vietnam Fintech Summit 2024

Co-Organizers

Vietnam Software and IT Services Association (VINASA):

VINASA is a non-governmental, non-profit organization representing over 600 companies in Vietnam’s software and IT services sector. Its members, including prominent names like VNPT, Mobifone, Viettel, FPT, and TMA Solutions, contribute to 70% of the country’s IT workforce and software output. VINASA organizes flagship IT events such as the Vietnam Digital Transformation Summit and Smart City Summit. It is a key player in fostering Vietnam’s digital economy and a member of leading international IT organizations like ASOCIO, APICTA, and WITSA.

Fintech Community – Techfest Vietnam:

The Fintech Community serves as a platform connecting innovative startups in financial technology. It focuses on expanding access to global knowledge and resources while fostering innovation-driven solutions for sustainable economic growth in Vietnam. The community draws talent and expertise from local and overseas Vietnamese professionals.

Supporting Partners

APAC DAO:

A leading B2B tech community in the Asia-Pacific region, APAC DAO boasts over 3,000 members and 800+ projects across 15 countries. Its extensive network reaches more than 4 million tech enthusiasts, contributing significantly to the region’s technology ecosystem.

Tech Vietnam Advocates:

As part of the Global Tech Advocates network with over 40,000 members across 40 countries, Tech Vietnam Advocates fosters global collaboration in tech innovation. With roots in initiatives like London Tech Week, it supports knowledge-sharing and technological advancements worldwide.

Vietnam Fintech Summit 2024 aims to connect domestic and international experts while fostering growth and collaboration in Vietnam’s fintech ecosystem. The event takes place on November 26, 2024, in Haiphong and features expert-led panels and in-depth discussions on industry trends.

Agenda

Time

Sessions

Speakers

Position

8h30 – 8h40

Opening Doors

8h40 – 8h50

Introduction of Distinguished Guests and Opening Remarks

Introducing guests

8h50 – 8h55

Opening Remark

Mr. Nguyen Dinh Thang

President of Vina Fintech Club – VINASA

Head of Advisory committee to Fintech Community, Techfest Vietnam 2024

8h50 – 9h00

Welcome Speech

Dr. Pham Hong Quat

Head of General Department, National Agency for Technology Entrepreneurship and Commercialization Development, Ministry of Science and Technology

9h00 – 9h20

Keynote: Fintech adoption landscape in Vietnam

Mr. Truong Gia Bao

President of DTS Group

Steering Committee of Fintech Community, Techfest Vietnam 2024

9h20 – 10h00

Panel: Growth drivers of Fintech in the region and the role of Open Finance

Aries Setiadi

Executive Director, Indonesia Fintech Association (AFTECH)

Mr. Nguyen Dinh Thang

President of Vina Fintech Club – VINASA

Head of Advisory committee to Fintech Community, Techfest Vietnam 2024

Mr. Hoang Van Quang

Hai Phong branch director, Military Commercial Jointstock Company (MBBank)

Andrew Lee

CEO, Credos Partners Ltd.

Nicole Nguyen (moderator)

Co-founder, APAC DAO

Organizing Committee of Vietnam Fintech Summit

10h00-10h10

Fintech Startup Awarding Ceremony

Asso.Prof. Dr. Pham Thi Tuyet

Head of Fintech Community, TechFest Vietnam 2024

Hana Ngo

Founder & CEO, HanaGold

10h10 – 10h45

Panel 2: Roadmap for Financial Technology to reach mass adoption in Vietnam and the region

Hana Ngo

Founder & CEO, HanaGold

Vincent Le

Chief Risk Office, EzyRemit

Nhan Huynh

CEO, AthenaFS

Dang Thanh Phong

Director, OnePay

Chinh Nguyen (moderator)

Partner, PENTAIP Founder Fund

10h45 – 11h00

Keynote 3: Fintech x AI: The Future of Insurance

Ian JianLiang Low

AI Lab Program Head, Prudential

11h00 – 11h40

Panel 3:Fintech x AI – What’s next after GenAI and Conversational AI?

Sean Wolfman

General Director, Beryl8

Cuong Bui

Head of Fintech Center, TMA Solutions

Ian JianLiang Low

AI Lab Program Head, Prudential

Nguyen The Duy

CEO, ADT Global

Abynprima Rizky (moderator)

Director of Marketing Communication & Community Development, AFTech

11h40 – 11h45

Closing Remark

Asso.Prof. Dr. Pham Thi Tuyet

Head of Fintech Community, TechFest Vietnam 2024

For further details, please contact:

Ms. Nicole Nguyen, Representative of the Organizing Committee

Phone: +84 943 378 452Email: vnfintechfestival@gmail.comEvent Registration: Register Here

PR Newswire is the Official Press Release Distribution – Partner of Vietnam Fintech Summit

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SOURCE Vietnam Fintech Summit & APAC DAO

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Global initiative launched to train scientists to safely test cosmetics, chemicals without painful and archaic animal experiments

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BRUSSELS, Nov. 27, 2024 /PRNewswire/ — A new online Master Class course to train scientists in testing cosmetics and chemicals without using animals is being hailed as a game-changer for cruelty-free testing worldwide. Featuring real-world case studies to walk scientists through animal-free testing step by step, the curriculum launched by the Animal-Free Safety Assessment Collaboration (AFSA) has attracted over 1,200 participants from nearly 70 countries since its debut in 2023, highlighting a global interest in innovative, ethical testing methods. Its final module is now open for registration, completing the ten-module course.

Created with input from industry, method developers, regulatory and animal protection experts, the course guides users through every stage of “next-generation risk assessment” culminating in advanced techniques like data integration to ensure robust consumer safety conclusions. These cutting-edge methodologies not only eliminate the need for painful animal-based testing but also provide more valid and reliable results concerning the safety of chemicals and products.

A result of wide-ranging contributions from global experts in animal-free safety science, the AFSA Master Class aims to provide the educational building blocks for lasting change, encouraging kinder scientific practices that will also better ensure human safety. Regulators, product developers, contract research organizations, and academic professionals from across the globe are all active in development of the course, illustrating the truly collaborative nature of animal-free safety science worldwide.

Dr. Catherine Willett, senior director of science and regulatory affairs at Humane Society International and principal coordinator of the AFSA Master Class, said, “Consumers and companies alike want to move away from painful and outdated animal tests, but learning more about the cutting-edge tools available in the animal-free toolbox, and how to use them to make safety decisions, can be challenging. The AFSA Master Class demystifies animal-free safety assessment, making it easier for companies to replace rats, rabbits and guinea pigs with advanced non-animal models and computer simulations.”

Course participant Mark Broussard, managing partner of Desert in Bloom Cosmetics Lab, said, “The AFSA Master Class really helped me understand the entire process of determining the safety of a novel cosmetic ingredient using non-animal methods, since I am working with a novel plant extract that has not before been safety tested or used in cosmetic/therapeutic products for human use. I think the new approach methodologies will yield more valid, more reliable results on the safety of cosmetic ingredients without subjecting animals to the painful animal-based testing procedures.”

“The safety of the cosmetics and personal care products that consumers use and trust every day is of the utmost importance,” said Dr. Julia H Fentem, EVP safety, environmental & regulatory science at Unilever. “Our unique AFSA Master Class program is focused on the safety assessment of cosmetic products and ingredients without generating new animal data and covers all aspects of using non-animal tools and data for internal company decisions-making as well as regulatory safety assessments.”

The AFSA Master Class will help equip key stakeholders with the right tools and knowledge to better explore animal-free methods of safety testing and contribute to the wider shift towards the cruelty-free future of cosmetic and chemical safety science.

The full AFSA Master Class is freely available online at AFSAcollaboration.org/masterclass.

Notes to editor:

The AFSA Master Class is a product of in-kind contributions from the following member organizations: Avon Products Inc., Crème, Delphic HSE, DSM-Firmenich, Givaudan, Humane Society International, Institute for In Vitro Sciences, International Flavors & Fragrances, Inc., Lhasa Ltd., L’Oréal, Lush Fresh Handmade Cosmetics, Procter & Gamble, Symrise, Unilever.

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