With 8.3% CAGR, Flow Cytometry Market Size to Hit USD 9.22 Billion by 2029

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 The global flow cytometry market size was valued at USD 4.89 billion in 2021. The market is set to expand from USD 5.27 billion in 2022 to USD 9.22 billion by 2029, exhibiting a CAGR of 8.3% over the forecast period. The rise is being driven by surging initiatives in the field of immuno-oncology and immunology research and the soaring adoption of advanced research techniques.

This information is provided by Fortune Business Insights™ in its research report, titled “Flow Cytometry Market, 2022-2029”.

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https://www.fortunebusinessinsights.com/enquiry/sample/flow-cytometry-market-107325

Drivers and Restraints:

Market Value to Rise Due to Growing Awareness Regarding Chronic Diseases

One of the major factors propelling the flow cytometry market growth is the increasing prevalence of chronic diseases such as cancer, HIV/AIDS, and leukemia. This has escalated the demand for awareness regarding advanced technologies for disease diagnosis and conducting research associated with chronic diseases.

However, the market growth could be hindered due to the high cost associated with various instruments.

To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit:

https://www.fortunebusinessinsights.com/flow-cytometry-market-107325

Segments:

Instrument Segment to Record Appreciable Growth Due to Soaring Adoption of Cell Sorters

Based on product & service, the market is segmented into software & services, consumables & reagents, and instruments. The instruments segment is estimated to expand at a moderate CAGR over the forecast period. This is on account of increasing technological advancements in cell sorting instruments and analyzers.

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