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Tissue Diagnostics Market: Current Trends, Competition & Companies Analysis, Forecast 2019 to 2022

01-17-2020 07:36 AM CET | Health & Medicine

Press release from: ReportsnReports

2019 Research Report on Global Tissue Diagnostics Market is a professional and comprehensive report on the Tissue Diagnostics industry.

#Download Free PDF Sample Brochure of report Global Tissue Diagnostics Market 2019 across with 160 Pages and in-depth TOC Analysis @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=280675

Key Players: Roche (Switzerland), Danaher (US), Thermo Fisher Scientific (US), Abbott (US), Agilent Technologies (US), Merck (Germany), Sakura Finetek Japan (Japan), Abcam (UK), BD (US), QIAGEN (Netherlands), Sienna Cancer Diagnostics (Australia), Royal Philips (Netherlands), A. Menarini Diagnostics (Italy), Cell Signaling Technology (US), Enzo Life Sciences (US), Master Diagnóstica (Spain), Tissue Gnostics (Austria), Bio SB (US), MedImmune (US), Cernostics (US), Zenalux Biomedical (US), 3DHISTECH (Hungary), Lunaphore Technologies (Switzerland), BioGenex (US), and Biocare Medical (US).

“Global tissue diagnostics market projected to grow at a CAGR of 6.9% during the forecast period”

The tissue diagnostics market is expected to reach USD 5.14 billion by 2022 from USD 3.68 billion in 2017, at a CAGR of 6.9%. Factors driving the growth of this market include the rising incidence of cancer, growing healthcare expenditure, improving infrastructure for cancer diagnosis, and technological advancements in tissue diagnostics. On the other hand, complex regulatory frameworks that delay the approval of new diagnostic products and lack of infrastructure are expected to challenge market growth to a certain extent.

“The breast cancer segment is anticipated to grow at the fastest growth rate during the forecast period”

The tissue diagnostics market by disease, is categorized into breast cancer, gastric cancer, lymphoma, prostate cancer, NSCLC, and other diseases. The breast cancer segment is expected to grow at the highest CAGR during the forecast period. The growing use of tissue diagnostics for the diagnosis of breast cancer, increasing awareness regarding breast cancer, and the development of novel products are the key factor driving the growth of this market.

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“The research laboratories segment is estimated to grow at a rapid rate during the analysis period”

By end user, the tissue diagnostics market is segmented into hospitals, pharmaceutical companies, research laboratories, contract research organizations, and other end users. The research laboratories segment is expected to remain the fastest-growing segment of the global tissue diagnostics market during the forecast period. Factors such as the rising number of cancer drug trials and growing research activities to design novel biomarkers for tissue diagnosis are driving the growth of this segment.

“Asia is estimated to grow at the highest CAGR during the study period”

Geographically, the tissue diagnostics market is dominated by North America, followed by Europe in 2017, however, Asia is estimated to grow at the fastest rate during the forecast period. Growth in this region can be attributed to developing healthcare infrastructure, rising burden of cancer, and increasing initiatives to promote the use of novel technologies for tissue diagnostics in Asian countries.

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In the end, the Global Tissue Diagnostics Market report’s conclusion part notes the estimation of the industry veterans.

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