Press release
Tissue Diagnostics Market Size, Share, Trends and Future Growth to 2023 - Major Key Players are Associated F. Hoffmann-La Roche AG, Sigma-Aldrich Co. LLC, Abbott Laboratories, Agilent Technologies, BioGenex, Danaher Corp, Cell Signaling Technology
In the year 2018 Global Tissue diagnostics Market was valued at USD 3.66 billion. By the year 2023, it is predicted to reach USD 5.11 billion with pace of 6.9% CAGR.
Tissue diagnostics involves removal of tissue from the patient’s body, which is then processed, analyzed, and tested under the microscope to detect cancer diseases. Tissue diagnostics equipment helps for fast and accurate results, and evaluation of diseases related to the tissues. The different types of tissue diagnosis are Hematoxylin and Eosin (H&E), Immunohistochemistry (IHC) and In situ hybridization.
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Factors affecting market growth:
Increasing prevalence of cancer diseases across the globe. (+)
Rise in aging population globally. (+)
Growing demand for personalized medicine. (+)
Rising funds for R&D activities related to cancer treatments. (+)
Increasing healthcare expenditure. (+)
Advancement of technologies in Tissue Diagnostics equipments. (+)
High cost involved in tissue diagnosis. (-)
Unfavorable reimbursement policies. (-)
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Market Segmentation
The Global Tissue diagnostics Market is segmented on the basis of
Product type
Instruments
(Microscope, Non-contact Handheld IR Thermometer, Haemocytometer, NMR Tube)
Consumables
(Reagent kits, others)
Disease
Lung cancer
Lymphoma
Pancreatic cancer
Breast cancer
Application
Hematoxylin and Eosin
Immunohistochemistry
In Situ Hybridization
End user
Hospitals
Diagnostic laboratories
Research Organizations
Contract Research Organizations
Biotechnology Companies
Based on end user market, hospitals segment is rapidly growing due improving healthcare facilities, adoption of advanced technologies, increasing of cancer diseases and rising healthcare expenditures which is expected for high growth rate in the Global Tissue diagnostics Market during the forecast period.
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Key players:
Leading companies for Global Tissue diagnostics Market are F. Hoffmann-La Roche AG, Sigma-Aldrich Co. LLC, Abbott Laboratories, Agilent Technologies, BioGenex, Danaher Corporation, Cell Signaling Technology and Ventana Medical Systems.
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