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Tissue Processing System Market to Exceed US$ 440 Mn in 2025
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Global Tissue Processing Systems Market: Key Companies
The research report on the global tissue processing systems market includes an in-depth analysis of the key companies participating in the tissue processing systems across the world. Top market players such as Leica Biosystems Nussloch GmbH, Thermo Fisher Scientific Inc., Sakura Finetek Europe B.V., Slee medical GmbH, Milestone Srl, General Data Company Inc., Agar Scientific Ltd., MEDITE GmbH, Bio-Optica Milano SpA, and Jokoh Co. Ltd are profiled in this report.
Global Tissue Processing Systems Market: Segmentation Assessment
The global tissue processing systems market is segmented by product type, by technology, by end user, by modality and by region.
By region, North America is the largest region and reflects high market attractiveness. The tissue processing systems market in the Asia Pacific region is also expected to grow at a higher rate to register a CAGR of 7.3% during the period of assessment
By product type, rapid high volume tissue processors is the fastest growing segment and is poised to reflect a CAGR of 7.0% during the period of forecast. The small volume tissue processors segment is the largest segment with a high market share
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By modality, stand-alone segment is expected to exhibit high lucrativeness in terms of both market value and growth rate in the coming years. This segment is projected to register a CAGR of 6.6% throughout the period of forecast
By technology, vacuum tissue processor segment is expected to dominate the global market during the assessment period and is estimated to reach a value little under US$ 320 Mn by 2025 end
By end use, diagnostic laboratories have shown higher inclination in the usage of tissue processing systems. The diagnostic laboratories segment is expected to reach a market value of around US$ 225 Mn by the end of the assessment year
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Global Tissue Processing Systems Market: Forecast Highlights
The research report reflects future market projections of the global tissue processing systems market. The global market for tissue processing systems is expected to reach a value of around US$ 440 Mn by 2025 end from a value of US$ 283.5 Mn in 2017. The global market is projected to grow at a high CAGR of 5.7% during the assessment period.
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Global Tissue Processing Systems Market: Aspects Impacting Growth
Increase in healthcare expenditure, rise in the incidence rate of lifestyle diseases, increase in geriatric population, consolidation of pathology laboratory instruments with one vendor, shortage of pathologists across the globe, rise in prevalence of cancer, increasing focus on emerging and under developed markets, advancements in technology, rising adoption of tissue processing systems in labs to enhance efficiency and expanding access to advanced tissue processors are driving the growth of the global tissue processing systems market. Factors such as high cost of automated tissue processing systems in developed regions and increase in the adoption of refurbished tissue processing systems are anticipated to pose restraints to the growth of the global tissue processing systems market.
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