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Immunohistochemistry (IHC) Market is Expected to Reach $4.7 Billion | F. Hoffman-La Roche AG (Switzerland), Danaher Corporation (US), and Agilent Technologies, Inc. (US)

09-05-2023 02:46 PM CET | Health & Medicine

Press release from: MarketsandMarkets

Immunohistochemistry (IHC) Market is Expected to Reach $4.7 Billion

Immunohistochemistry (IHC) Market is Expected to Reach $4.7 Billion

Immunohistochemistry (IHC) market in terms of revenue was estimated to be worth $3.2 Billion in 2023 and is poised to reach $4.7 Billion by 2028, growing at a CAGR of 7.4% from 2023 to 2028 according to a latest report published by MarketsandMarkets™.

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The use of IHC in the management of metastatic melanoma with the help of PD-L1 IHC immune therapeutics in the recent past has revolutionized immuno-oncology. The technology is also used to predict therapeutic response in two important tumors, i.e., carcinoma of breast and prostate. Thus, the rapidly growing incidence and prevalence of cancer will propel the demand for immunohistochemistry products. Also, in the key market such as US, there are reimbursement models that support the use of digital image analysis for improving the consistency of IHC analysis for clinical use. The availability of reimbursements allows access to IHC assays/tests conducted in pathology laboratories. This is also expected to significantly fuel the demand for IHC assays/tests in the coming years.

Immunohistochemistry (IHC) market major players covered in the report, such as:

Hoffmann-LA-Roche AG (Switzerland)
Danaher Corporation (US)
Agilent Technologies Inc. (US)
Merck KGAA (Germany)
Bio-Rad Laboratories Inc. (US)
Eagle Biosciences Inc. (US)
Biocare Medical LLC. (US)
Elabscience Biotechnology Inc. (China)
Bio-Genex Laboratories (US)
Diagnostic Biosystem (US)
Histo-Line Laboratories (Italy)
Rockland Immunochemicals Inc. (US)
Genemed Biotechnologies Inc. (US)
Candoor Bioscience GMBH (Germany)
Bio-Techne Corporation (US)
Abcam PLC (UK)
Becton, Dickinson and Company (US)
Perkinelmer Inc. (US)
Takara Bio Inc. (Japan)
Thermo Fisher Scientific Inc. (US)
PHC Holdings Corporation (Japan)
Cell Signaling Technology Inc. (US)
Bio SB Inc. (US)
Miltenyi Biotech (Germany)
Sakura finetek Japan Co., Ltd. (Japan)
Enzo Biochem Inc. (US)
Origene Technologies Inc. (US)
and Among Others

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This report categorizes the immunohistochemistry market into the following segments and subsegments:

Immunohistochemistry Market, by Product

Antibodies
Primary antibodies
Secondary antibodies
Reagents
Histological Stains
Blocking Sera and Reagents
Chromogenic Substrates
Fixation Reagents
Organic Solvents
Proteolytic Enzymes
Diluents
Other Reagents (antigen retrieval solutions, stabilizers, controls, and mounting solutions)
Equipment
Slide-staining Systems
Tissue Processing Systems
Slide Scanners
Other Equipment (automated cover slippers, visualization equipment, microtomes, paraffin dispensers, slide labelers, and tissue microarrays)
Kits
IHC Kits for Human tissue
IHC Kits for Animal tissue

Immunohistochemistry Market, by Application

Diagnostic applications
Cancer
Infectious diseases
Autoimmune diseases
Nephrological diseases
Neurological diseases
Other diseases (ophthalmic, cardiovascular, dermatological, and dental diseases)
Research applications
Drug Development and Testing
Other research applications (stem cell research and developmental biology)
Forensic applications

Immunohistochemistry Market, by End-user

Hospitals & Diagnostic Laboratories
Academic & Research Institutes
Other end users (CROs, pharma & biopharma companies, and forensic laboratories)

Immunohistochemistry Market, by region

North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe (RoE)
Asia Pacific (APAC)
Japan
China
India
Australia
South Korea
Rest of Asia Pacific (RoAPAC)
Latin America
Middle East & Africa

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The key stakeholders in the Immunohistochemistry (IHC) market include:

Manufacturers and Distributors of Immunohistochemistry Products
Third-party Suppliers of Immunohistochemistry Products
Contract Research Organizations
Market Research and Consulting Firms
R&D Centers and Institutes
Hospitals and Clinics
Academic Institutions
Diagnostic Laboratories
Recent Developments:

In February 2023, F. Hoffman-La Roche AG (Switzerland) launched IDH1 R132H (MRQ-67) Rabbit Monoclonal Antibody and the ATRX Rabbit Polyclonal Antibody for use in BenchMark series of instrument for detection of brain cancer.

In October 2022, F. Hoffman-La Roche AG (Switzerland) received US FDA approval for PATHWAY anti-HER2/neu (4B5) Rabbit Monoclonal Primary Antibody use as companion diagnostic test to identify metastatic breast cancer patients with low HER2 expression.

In April 2023, Danaher Corporation (US), subsidiary Leica Biosystems received FDA clearance for BOND MMR Antibody Panel, for detection of colorectal cancer.

In November 2022, Danaher Corporation (US), subsidiary Leica Biosystems Nussloch GmbH acquired Cell IDx, Inc. an immunodiagnostic company offering chromogenic and fluorescent multiplex IHC biomarker profiling products.

In January 2023, Agilent Technologies, Inc. (US) signed a partnership deal with Akoya Biosciences for developing chromogenic and immunofluorescent multiplex assays. These assays will be used for immunohistochemistry diagnostic solutions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

About MarketsandMarkets™

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