Future Outlook of Histology and Cytology Market Poised to Achieve CAGR of 13.0% by 2023 – Abbott, Danaher, F. Hoffmann-La Roche, Hologic, Merck KGaA, PerkinElmer, Sysmex

Marketprognosis.com Publish a New Market Research Report On “Global Histology and Cytology Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Histology and Cytology Market:

The Global Histology and Cytology Market is expected to register a CAGR of nearly 13.0% during the forecast period of 2019 - 2023.

Histology and cytology belong to the scientific medical specialty dealing with human tissues and cells diagnostics, and this market is driven by the rising prevalence of cancer and extensive research and development in the diagnostics domain. The well-established healthcare infrastructure with better coverage of diagnosis and treatment through a wide network of diagnostic clinics will help North America to dominate the market in the forecast period.

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The growing prevalence of cancer patients has a direct impact on increased demand for the histology and cytology market. According to the 2012 report of the World Health Organization (WHO), there were 14 million new cases of cancers, which were expected to rise by about 70% over the next two decades. In the US, as per the National Cancer Institute report of 2019, an estimated 1.73 million new cases of cancer diagnosed in the United States and nearly 0.61 million people died from the disease. The histological methods help in increasing the sensitivity, specificity, and accuracy of diagnostic methods. Similarly, the combined methods help in better diagnosis of diseases such breast cancer and lung cancer. Thus, the prevalence of cancer plays a vital role in increasing the demand of histology and cytology market.

The safety issues and diagnostic accuracy is one of the primary factors hindering this market. The safety issues are mainly related to potentially hazardous chemicals, biohazardous materials, accidents linked to the equipment and instrumentation. According to the 2013 publication in the Journal of Oral and Maxillofacial Pathology, even though the accuracy of frozen artifacts ranges between 89% u2014 98%, the frozen nature produces inferior slides for microscopic examination and sampling errors, which results from the heterogeneity of a tumor. Thus, this factor is one of the key aspects hindering the usage of histology and cytology in the research labs and diagnostic centers.

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Asia-Pacific is expected to dominate with the fastest growth rate in the forecast period. The healthy CAGR is expected due to the surge in the scientific researches in the South Asian countries. Novel opportunities are further enhanced by the rising number of long-term collaborations of multinational companies with domestic manufacturers and research laboratories in this region.

Major Key Players:

1 Abbott

2 Becton Dickinson and Company

3 Danaher

4 F. Hoffmann-La Roche Ltd

5 Hologic, Inc.

6 Merck KGaA

7 PerkinElmer, Inc.

8 Sysmex Corporation

9 Thermo Fisher Scientific, Inc.

10 Trivitron Healthcare

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Histology and Cytology Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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