LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global flow cytometry market 2016-2020 report. This research report also lists 11 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the report, the global flow cytometry market is dominated by the top two players, namely Beckman Coulter and Becton Dickinson and company. These companies cater to several end-user industries and provide for every product segment in the market from instruments to reagents and accessories, thus accounting for over 58% share of the market. Their global presence is strong, with support centers spread throughout the globe allowing them to efficiently cater to a large market. However, the competitive environment in the market is expected to intensify with an increase in product extensions, new products, and new applications of the products and services provided.
“The global flow cytometry market includes manufacturers of reagents and consumables as well as large instruments. For the manufacturers of reagents and consumables, the e-commerce platform has been leveraged to promote and market their offerings over the past decade, and this trend is likely to gain traction during the forecast period. For providers of larger equipment and software, the offerings are often in the form of a solution rather than a product. Each solution is often customized to meet customer needs and functions,” says Amber Chourasia, a lead lab equipment analyst from Technavio.
The key market players compete in terms of service, quality, pricing, and product differentiation. The report also states that the lack of a strong distribution network bars the entry of new players. Therefore, vendors must expand geographically while reviving the domestic demand to achieve sustained growth.
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Technavio research analysts provide the following insights into the key vendors:
The company develops, manufactures, and markets diagnostic systems that automate complex biomedical testing. Beckman Coulter established its presence in the global flow cytometry market with its wide range of flow cytometry instruments, software, and reagents. The company's diagnostics platform offers analytical instruments, reagents, consumables, and software, and services for hospitals, reference laboratories, and physician’s offices that are used to diagnose disease and make treatment decisions.
BD is a medical technology company that designs, manufactures, and sells a variety of medical devices, reagents, and instrument systems. It offers products for various healthcare institutions, clinical laboratories, pharmaceutical industry, and life science researchers.
BD established its presence in the global flow cytometry market with key offerings through its life sciences segment, which include a broad array of flow cytometry instruments, tools, resources, and antibodies. It offers various research and clinical tools that conduct the study of cells in normal and disease processes.
The company provides solutions and services for biotechnology and pharmaceutical drug therapies. EMD Millipore focuses on expanding its presence in the global flow cytometry market with its range of offerings that specialize in proteomic, genomic, and cellular analysis supported by sample preparation, intuitive detection platforms, and research reagents for the better understanding of biological functions and diseases.
Luminex develops, manufactures, and sells a wide range of proprietary testing technologies and products for diagnostics and life sciences industries. Its proprietary testing technologies comprise xTAG and MultiCode technology and xMAP technology. Luminex’s research and development activities include the development of next generation systems, chemistries, assays, and software. Luminex established its presence in the global flow cytometry market with a wide range of flow cytometry products and solutions. It offers a variety of instruments using its xMAP technology.
Thermo Fisher Scientific
Thermo Fisher Scientific supports laboratory, life sciences, and industrial customers with scientific equipment, services, and software solutions. Its instruments automatically monitor and control online production to ensure the quality and safety of raw materials as well as the end products.
In the global flow cytometry market, the company offers a variety of analytical instruments and laboratory equipment, software, services, and consumables. Some of the flow cytometry products offered by the company include instrument calibration products, cell functional reagents, antibodies, and Attune flow cytometers.
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