Press release
Histology & Cytology Market to Garner US$ 28.7 Billion and Growing at a CAGR of ~10% by 2030
According to the report, the global ๐ก๐ข๐ฌ๐ญ๐จ๐ฅ๐จ๐ ๐ฒ & ๐๐ฒ๐ญ๐จ๐ฅ๐จ๐ ๐ฒ market was valued at US$ 10.28 Bn in 2019 and is projected to attain a market value of US$ 28.7 Bn at a CAGR of ~10% from 2020 to 2030. The global prevalence of cancer has been rising significantly, and the disease is considered the second major cause of death after cardiovascular diseases. Various factors contributing to the rise in the prevalence of cancer include urbanization, tobacco smoking, increasing pollution, changing diet patterns, and increase in the post-reproductive life span. According to the National Cancer Institute, over 1,806,590 new cases of cancer are anticipated to be diagnosed in the U.S. in 2020. Cervical cancer poses a significant threat to the female population in developing regions, and hence prevention as well as control of cervical cancer could be possible by early screening and diagnosis. Therefore, early detection of cervical cancer would improve the survival rate and quality of life of the patients, as it can be treated successfully with various treatment modalities. According to the World Health Organization (WHO), most of the cancer cases are detected in the final stage when they are not curable, especially in developing regions.๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐จ๐ซ ๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ (๐๐ฌ๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐๐ข๐ฅ ๐๐ ๐๐จ๐ซ ๐๐ฎ๐ข๐๐ค ๐๐๐ฌ๐ฉ๐จ๐ง๐ฌ๐) - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2911
๐๐ฒ๐ญ๐จ๐ฅ๐จ๐ ๐ฒ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ
In terms of type of examination, the global histology & cytology market has been bifurcated into histology and cytology. The cytology segment has been split into cervical cancer, breast cancer, oral cancer, and others. The cytology segment dominated the market in terms of revenue in 2019. Increase in cases of cancer and rise in demand for diagnosis of the disease boost the growth of the segment.
๐๐ง๐ฌ๐ญ๐ซ๐ฎ๐ฆ๐๐ง๐ญ๐ฌ & ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐๐จ๐๐ญ๐ฐ๐๐ซ๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐ญ๐จ ๐๐ ๐ข๐ง ๐๐๐ฆ๐๐ง๐
Based on product, the global histology & cytology market has been categorized into instruments & analysis software system and consumables & reagents. The instruments & analysis software system dominated the global histology & cytology market in 2019. Rise in product launch for various technologically advanced devices fuels the growth of the segment. However, the consumables & reagents segment is anticipated to expand at the highest CAGR during the forecast period.
๐๐ข๐๐ซ๐จ๐ฌ๐๐จ๐ฉ๐ฒ ๐๐๐ญ๐ก๐จ๐๐ฌ ๐ญ๐จ ๐๐๐๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ
In terms of test type, the global histology & cytology market has been classified into microscopy methods, flow cytometry, and molecular genetic methods. The microscopy methods segment has been segregated into cytochemistry & histochemistry and immunohistochemistry & immunofluorescence. The molecular genetic methods segment has been split into cytogenic tests, polymerase chain reaction, and others. The microscopy methods segment dominated the global histology & cytology market in 2019. Over the years, the prevalence of cancer has risen rapidly across the globe. According to GLOBOCAN, in 2018, the prevalence of cancer was 43.8 million globally (9.6 million cancer deaths were registered in the same year).
๐๐จ๐ฌ๐ฉ๐ข๐ญ๐๐ฅ๐ฌ ๐๐ง๐ ๐๐ฅ๐ข๐ง๐ข๐๐ฌ ๐ญ๐จ ๐๐ ๐๐๐ฃ๐จ๐ซ ๐๐ง๐ ๐๐ฌ๐๐ซ
Based on end user, the global histology & cytology market has been divided into hospitals & clinics, academic & research institutes, and others. The hospitals & clinics segment dominated the market in terms of revenue in 2019. Hospitals & clinics are especially meant only for detection of diseases. The availability of sophisticated instruments and favorable reimbursement policies for various treatments drive the segment.
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ
The global histology & cytology market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2019, followed by Europe. North America accounted for a major share of the global histology & cytology market in 2019, owing to early adoption of advanced technologies and well-established healthcare infrastructure, and strategies adopted by key players. The histology & cytology market in Asia Pacific is likely to expand at a high CAGR from 2020 to 2030. Rise in prevalence of cancer across the region is projected to accelerate the growth of the market in the region.
๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ | ๐๐ฆ๐ฆ๐๐๐ข๐๐ญ๐ ๐๐๐ฅ๐ข๐ฏ๐๐ซ๐ฒ ๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐ญ - https://www.transparencymarketresearch.com/checkout.php?rep_id=2911<ype=S
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
Becton, Dickinson and Company, Danaher, and F. Hoffmann-La Roche Ltd. are the three major companies operating in the global histology & cytology market. The global histology & cytology market is fragmented in terms of number of players. Key players in the global market include Abbott, Becton, Dickinson and Company, Danaher, F. Hoffmann-La Roche Ltd., Hologic, Inc., Merck KGaA, PerkinElmer, Inc., Sysmex Corporation, Thermo Fisher Scientific, Inc., and Trivitron Healthcare. New product development through robust R&D activities and merger & acquisitions are the key strategies adopted by these players to operate business in the global histology & cytology market.
๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ฌ๐ญ๐จ๐ฅ๐จ๐ ๐ฒ & ๐๐ฒ๐ญ๐จ๐ฅ๐จ๐ ๐ฒ ๐๐๐ซ๐ค๐๐ญ: ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ข๐ฌ๐ญ๐จ๐ฅ๐จ๐ ๐ฒ & ๐๐ฒ๐ญ๐จ๐ฅ๐จ๐ ๐ฒ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐ฒ๐ฉ๐ ๐จ๐ ๐๐ฑ๐๐ฆ๐ข๐ง๐๐ญ๐ข๐จ๐ง
Histology
Cytology
Cervical Cancer
Breast Cancer
Oral Cancer
Others
๐๐ข๐ฌ๐ญ๐จ๐ฅ๐จ๐ ๐ฒ & ๐๐ฒ๐ญ๐จ๐ฅ๐จ๐ ๐ฒ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐ซ๐จ๐๐ฎ๐๐ญ
Instruments & Analysis Software System
Consumables & Reagents
๐๐ข๐ฌ๐ญ๐จ๐ฅ๐จ๐ ๐ฒ & ๐๐ฒ๐ญ๐จ๐ฅ๐จ๐ ๐ฒ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐๐ฌ๐ญ ๐๐ฒ๐ฉ๐
Microscopy Methods
Cytochemistry & Histochemistry
Immunohistochemistry & Immunofluoroscence
Flow Cytometry
Molecular Genetic Methods
Cytogenic Tests
Polymerase Chain Reaction
Others
๐๐ข๐ฌ๐ญ๐จ๐ฅ๐จ๐ ๐ฒ & ๐๐ฒ๐ญ๐จ๐ฅ๐จ๐ ๐ฒ ๐๐๐ซ๐ค๐๐ญ, ๐๐ฒ ๐๐ง๐ ๐๐ฌ๐๐ซ
Hospitals & Clinics
Academic & Research Institutes
Others
๐๐จ๐ซ๐ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก -
๐๐ง๐ฌ๐ฎ๐ฅ๐ข๐ง ๐๐๐ซ๐ค๐๐ญ- https://www.prnewswire.com/news-releases/insulin-market-to-exceed-us-30-bn-by-2031-global-burden-of-diabetes-and-complications-propelling-adoption-of-therapies-observes-tmr-report-301570945.html
๐๐๐ญ๐ข๐ฏ๐ ๐๐ก๐๐ซ๐ฆ๐๐๐๐ฎ๐ญ๐ข๐๐๐ฅ ๐๐ง๐ ๐ซ๐๐๐ข๐๐ง๐ญ๐ฌ ๐๐๐ซ๐ค๐๐ญ- https://www.prnewswire.com/news-releases/active-pharmaceutical-ingredients-api-market-to-reach-us-331-3-bn-by-2031-shift-to-in-house-manufacturing-of-api-expanding-avenue-finds-tmr-study-301548765.html
๐๐๐จ๐ฎ๐ญ ๐๐ฌ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
Nikhil Sawlani
Transparency Market Research Inc.
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