Histology and Cytology Market 2022 | Growing Demand for Consumables and Reagents

According to Precision Business Insights (PBI), the latest report, the histology, and cytology market is expected to be valued at USD 16,253.0 million in 2022, growing at a 13.6% CAGR from 2022 to 2028. The primary drivers of the expansion of the global histology and cytology market include increasing demand for the detection of cell and tissue characteristics and increasing prevalence of various types of cancers and chronic diseases, the rising popularity of immunohistochemistry, growing demand for In Vitro Diagnostic (IVD), and the increasing number of pathological laboratories.

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Consumables and Reagents Segment to Dominate the Histology and cytology Market:
On the basis of product, the global market is segmented into instruments, consumables and reagents, and software and services. The consumables and reagents segment is dominating the global market and is expected to account for a larger revenue share in the global histology and cytology market, with a value share worldwide in the forecasted years. Tissue sample containers, kits, stain reagents, fixative solutions, medium reagents, etc are some of the consumables and reagents in the global market. The segment growth is driven by the high adoption rate of histology and cytology consumables. Global key players are continuously developing cost-effective kits and reagents which is further driving the market for histology and cytology.

Asia Pacific Histology and Cytology Market:
North America held considerable market share during the estimated period due to the high prevalence of cancer, substantial R&D efforts, the headquarters of global companies in this region, and developed research infrastructure. The Asia Pacific market is expected to increase in the global histology and cytology market over the forecast period. The Asia Pacific market is expanding as a result of the increasing number of multi-specialty clinics and hospitals, penetration of global players, increasing demand for cytology consumables for research and development, and advanced diagnostic and treatment processes.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global histology and cytology market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The histology and cytology market is segmented based on product, test type, application, end-user, and geography:
Based on the product, the market is segmented into the following:
• Instruments
• Consumables and Reagents
• Software and Services

Based on the test type, the market is segmented into the following:
• Microscopy Tests
• Cytogenic tests
• Polymerase Chain Reaction
• Molecular genetics tests
• Flow cytometry
• Others

Based on the application, the market is segmented into the following:
• Drug Discovery & Designing
• Cancer Diagnostics
• Clinical Diagnostics
• Research
• Others

Based on the end user, the market is segmented into the following:
• Hospitals
• Diagnostic Laboratories
• Academic & Research Institutes
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the histology and cytology market report are Hologic, Inc., Abbott, Merck KGaA, Trivitron Healthcare, Koninklijke Philips N.V., Becton, Dickinson and Company, Danaher, F. Hoffmann-La Roche Ltd., PerkinElmer, Inc., Sysmex Corporation, and Thermo Fisher Scientific, Inc.

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This release was published on openPR.