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Tissue Diagnostics Market Analysis with Research Report 2021 |Abbott Laboratories, Agilent Technologies, Inc., BioGenex Laboratories, Cancer Genetics, Inc.

05-31-2021 10:34 AM CET | Health & Medicine

Press release from: Market Insights Reports

The Global Tissue Diagnostics Market provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2025. The report provides the overall scope of the market including future supply and demand, emerging market trends, high growth opportunity, and in-depth analysis of the future prospect of the market. This report also includes the overall and comprehensive study of the Tissue Diagnostics market with all its aspects influencing the growth of the market. The report also covers a detailed analysis of current COVID-19 pandemic conditions and their future impacts on the growth of the overall market.

The global tissue diagnostics market size was valued at USD 4.2 billion in 2019 and is expected to register a CAGR of 5.9% over the analysis period.

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Top Key Players in the Global Tissue Diagnostics Market: Abbott Laboratories, Agilent Technologies, Inc., BioGenex Laboratories, Cancer Genetics, Inc., Danaher Corporation, F. Hoffmann-La Roche Ltd, Genomic Health, Inc., Merck KGaA and Thermo Fisher Scientific.

Industry News and Updates:

Hologic's ThinPrep Genesis slide processor gets CE Mark

April 18, 2019 -- Hologic has received the CE Mark for its ThinPrep Genesis processor for cytology slide and molecular test preparation, giving the company the go-ahead to market the system in Europe.

ThinPrep Genesis is designed to prepare slides for cytology as well as aliquot samples for molecular testing. It features automation capabilities that are designed to reduce manual sample handling, according to the company.

Roche launches VENTANA PD-L1 (SP142) Assay in CE markets as first companion diagnostic to identify triple-negative breast cancer patients eligible for treatment with Tecentriq

Basel, 29 August 2019 - Roche (SIX: RO, ROG; OTCQX: RHHBY) today announced the expanded use of the VENTANA PD-L1 (SP142) Assay in triple-negative breast cancer (TNBC) for patients living in CE (Conformité Européene) markets where the Roche cancer immunotherapy medicine Tecentriq® is approved. It is the first companion diagnostic to aid in identifying triple-negative breast cancer patients eligible for treatment with Tecentriq (atezolizumab)5 plus chemotherapy (nab-paclitaxel).6 Assessment of PD-L1 biomarker status on tumor-infiltrating immune cells with the assay is essential for identifying those patients most likely to benefit from the treatment.

Key Market Trends

Breast Cancer Segment is Expected to Register a Significant Growth in the Forecast Years

Based on the application, it is segmented into breast cancer, prostate cancer, gastric cancer, and others. The main factors attributed to the growth of this segment is the increasing burden of breast cancer. It is the most commonly diagnosed cancer among American women. In 2017, it was estimated by the American Cancer Society, that about 30% of the newly diagnosed cancers in women were breast cancers. Hence, the increasing cancer cases along with advancements in the field of tissue diagnostics are major factors contributing to the growth of the market in the forecast period.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

North America holds the Largest Share in the Tissue Diagnostics Market

The tissue diagnostics market holds the largest share in the North America region due to the increased awareness about the potential benefits of diagnostics among the population. The rising cancer burden along with a rapidly aging population is the key factor for market growth. According to the World Health Organization, between 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22%. Moreover, rising disease burden is further pushing the need for effective and quick treatment options which is expected to propel the growth of the market, over the forecast period.

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The report explains the present and future situations related to the global Tissue Diagnostics market which is based on revenue, volume, production, trends, technology, innovation, and other critical factors. Similarly, this report offers detailed information related to the market dynamics, the competitive landscape, segments, and regions. The study focuses on market share and competition index analysis, which aids in determining the leading player’s contribution to the business. The current trends in the global Tissue Diagnostics industry are included in this report. The detailed knowledge and recent primary changes in the regional life of major competitors are highlighted in the research study.

Key Highlights of the Table of Contents:

Market Study: It includes key market segments, key manufacturers covered, the scope of products offered in the years considered, global Tissue Diagnostics Market and study objectives. Additionally, it touches the segmentation study provided in the report on the basis of the type of product and applications.

Market Executive summary: This section emphasizes the key studies, market growth rate, competitive landscape, market drivers, trends, and issues in addition to the macroscopic indicators.

Market Production by Region: The report delivers data related to import and export, revenue, production, and key players of all regional markets studied are covered in this section.

Market Profile of Manufacturers: Analysis of each market player profiled is detailed in this section. This segment also provides SWOT analysis, products, production, value, capacity, and other vital factors of the individual player

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