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Histology Equipment Market Size, Regional Overview, Competitive Landscape, Business Growth, Share Analysis And Forecast To 2033
Histology Equipment Market Size
As per the report, the histology equipment market size has grown steadily in recent years. It will grow from $0.62 billion in 2023 to $0.65 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The histology equipment market size is expected to see steady growth in the next few years. It will grow to $0.78 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%.
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Rising Cancer Burden Drives Growth In Histology Equipment Market
The rising burden of cancer is expected to propel the growth of the histology equipment market going forward. Cancer refers to a condition where abnormal cells grow and spread uncontrollably, potentially leading to death if untreated. The rise in cancer cases is multifactorial, involving both modifiable lifestyle factors and non-modifiable biological and demographic factors. Histology equipment helps to diagnose and study cancer by enabling detailed tissue examination, helping to identify cancer types and stages, and guiding treatment. For instance, in August 2023, according to the Australian Institute of Health and Welfare, an Australia-based government administration for health, in 2021, it is projected that 151,000 individuals will be diagnosed with cancer, excluding basal cell carcinomas (BCC) and squamous cell carcinomas (SCC) of the skin, with 49,000 expected to die from the disease. Moreover, by 2031, the number of new cancer cases is anticipated to rise to 185,000. Therefore, the rising burden of cancer is driving the histology equipment market.
Next-Generation Slide Scanners To Improve Image Quality
Major companies operating in histology equipment are focused on developing advanced solutions, such as next-generation slide scanners, to improve the accuracy and efficiency of cancer diagnosis. A next-generation slide scanner refers to an advanced imaging tool designed to digitally capture detailed images of stained histology slides obtained from patient tissue samples, typically with enhanced features and capabilities compared to previous models. For instance, in June 2022, Roche, a Switzerland-based pharmaceutical company, launched the VENTANA DP 600 slide scanner. It is a next-generation slide scanner that offers superior image quality for stained histology slides from patient tissue samples. It has high capacity, a user-friendly interface, and adaptability to pathology lab workflows to provide crucial digital images essential for diagnosing cancer and guiding treatment decisions.
The histology equipment market covered in this report is segmented -
1) By Type: Slide Staining Systems, Scanners, Tissue Processing Systems, Microtomes, Coverslippers, Other Types
2) By Product: Instruments And Analysis Software System, Consumable And Reagents
3) By Application: Hospitals, Pharmaceutical Companies, Diagnostic Centers, Academic Institutes, Research Laboratories, Other Applications
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Major companies operating in the histology equipment market are Thermo Fisher Scientific Inc., Roche Diagnostics International Ltd, Agilent Technologies Inc., Hologic Inc., Leica Microsystems Nussloch GmbH, Cole-Parmer Instrument Company LLC, Sakura Finetechnical Company Ltd., Biogenex Laboratories Inc, StatLab Medical Products Inc., Biocare Medical LLC, Andwin Scientific, Covaris Inc., A. Menarini Diagnostics S.r.l, Diapath S.p.A., PolyScience Inc., CellPath USA, Medite Medical GmbH, Hacker Instruments & Industries Inc., Amos Scientific Pty. Ltd., TissueGnostics GmbH, Konfoong Bioinformation Tech Co. Ltd (KFBIO), Labstac USA, Intelsint Srl, Milestone Medical Inc., Histo-Line Laboratories s.r.l.
Contents of the report:
1. Executive Summary
2. Histology Equipment Market Report Structure
3. Histology Equipment Market Trends And Strategies
4. Histology Equipment Market - Macro Economic Scenario
5. Histology Equipment Market Size And Growth
…..
27. Histology Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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