The global tissue diagnostics market is anticipated to grow at a considerable CAGR of 6.4% during the forecast period. The need for more accurate diagnosis in cases of cancer has resulted in the development of more advanced diagnostic technologies such as tissue diagnostics. Cancer is a fatal disease and it is prevalent across the globe with a huge economic burden in emerging and low-middle income group countries. It has a considerable presence in developed and developing economies such as the US, UK, Spain, China, India, and Korea. Tissue diagnosis includes Haematoxylin & Eosin (H&E) Stain, Immunohistochemistry (IHC) Test, Fluorescent in Situ Hybridization (FISH) Test, Silver in Situ Hybridization (SISH) Test, Pathology, and other stain tests. These diagnostic services are widely available and due to technological advancement, innovation and efficient results these diagnostic devices are in huge demand.
Asia-Pacific Region Holds a Prominent Share in the Global Tissue Diagnostics Market.
The Asia-Pacific region holds a prominent share in the tissue diagnostics market. The major factor driving the growth of the market in the region due to high prevalence of cancer. Asia-Pacific countries such as China, India, Japan, and Korea are the key markets and are expected to improve upon their existing diagnostic technologies. Additionally, improved healthcare spending, infrastructure, and favorable government policies are the key factors that are expected to drive the market in the region.
Consumable Holds a Prominent Share in the Global Tissue Diagnostics Market.
Based on the product, the consumables are expected to grow at a significant rate during the forecast period. This is attributed to their increasing requirement in large numbers as well as cost-effectiveness along with ease of use. Additionally, the growth of the consumables segment is also due to the increasing number of reagent rental agreements.
By Technology (Immunohistochemistry, In-Situ Hybridization, H&E Stain, Special Staining, Digital Pathology, and Others),
By Diagnosis (Breast Cancer, Gastric Cancer, Lymphoma, Prostate Cancer, Non-Small Cell Lung Carcinoma and Others),
By Product (Instrument (Slide Staining Systems, Scanners, Tissue Processing Systems, and Others) and Consumables (Antibody, Kits, Reagents, Probes, and Others)),
By End-User (Hospitals & Clinics, Laboratories & Research Institutes, and Others)
Market Players Outlook
The major companies serving the global tissue diagnostics market include Abbott Laboratories, F. Hoffmann-La Roche AG, Bio-Genex Laboratories, Bio SB Inc., and Agilent Technologies among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships, geographical expansion and collaborations to stay competitive in the market. For instance, in August 2019, Roche announced the expanded use of the VENTANA PD-L1 (SP142) Assay3,4 in triple-negative breast cancer for patients living in CE (ConformitéEuropéene) markets.
The Report Covers
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global tissue diagnostics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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