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Cancer Tissue Diagnostics Market 2019 to 2027 - Top Industry Players as F. Hoffmann-La Roche Ltd.,Danaher Corporation,Thermo Fisher Scientific Inc.,Bio Rad Laboratories Inc., etc
The Insight Partners
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Global Cancer Tissue Diagnostics Market, based on the test type, was segmented as, immunohistochemical tests and in situ hybridization tests. In 2018, the immunohistochemical tests segment held a largest market share 57.65% of the cancer tissue diagnostics market, by test type.
This segment is also expected to dominate the market in 2027 owing to the low cost of the procedure. Higher acceptance of the method for diagnosis purpose. Moreover, the technique is easily accessible, and growth in number of products based on the technology. Additionally, the rising prevalence of cancer is a major factor for the growth of the diagnostic tests. The segment is also anticipated to witness growth at a significant rate during the forecast period, 2019 to 2027.
The market for cancer tissue diagnostics is expected to grow, owing to factors such as growing cancer prevalence across the globe, new product launches & FDA approvals and growing investments for tissue diagnostics are boosting the market over the years. In addition, the emerging markets in developing countries are likely to have a positive impact on the growth of the market in the forecast period.
Leading Players:
1. F. Hoffmann-La Roche Ltd.
2. Danaher Corporation
3. Thermo Fisher Scientific Inc.
4. Bio Rad Laboratories Inc.
5. Abbott
6. Enzo Life Sciences, Inc.
7. Agilent Technologies, Inc.
8. Cancer Genetics Inc.
9. Merck KGaA (Sigma-Aldrich Co. LLC)
10. Abcam plc.
Strategic Insights
There have been limited developments made in the cancer tissue diagnostics market during recent years. However, growth strategies such as approvals, collaborations, and partnerships have been witnessed in the market of cancer tissue diagnostics. For instance, in June 2019, Agilent Technologies Inc. received the U.S. Food and Drug Administration (FDA) approval for its PD-L1 IHC 22C3 pharmDx assay. The assay is approved to aim in identifying patients with head and neck squamous cell carcinoma (HNSCC) for treatment with KEYTRUDA (pembrolizumab), anti-PD-1 therapy manufactured by Merck. Also, during November 2018, Leica Biosystems, launched the latest PD-L1 antibody for use on their fully automated BOND IHC and ISH staining platform.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services.
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Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sam@theinsightpartners.com
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