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Histology and Cytology Consumables Market Exclusive Report on the Latest Revenue and Future Scope
According to the latest research by InsightAce Analytic, the Global Histology and Cytology Consumables Market is valued at US$ 7.99 Bn in 2022, and it is expected to reach US$ 17.24 Bn by 2031, with a CAGR of 9.1% during a forecast period of 2023-2031.
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Consumables for histology and cytology are crucial elements used in the preparation, processing, staining, and analysis of tissue and cell samples in these fields. For numerous diagnostic, research, and educational objectives, these consumables are essential in labs, research institutes, and healthcare facilities. The increased incidence of cancer, the standardization of pathological laboratories, and technical improvements in diagnostic and molecular techniques are all driving factors for the growth of the histology and cytology market. Major drivers propelling market expansion during the projection period include the increased prevalence of cell-based disorders like cancer and the rising demand for the detection of tissue and cell characteristics. The incorporation of computerized technologies for cytological diagnosis provides the advantage of quick primary diagnostic data interpretation. Additionally, businesses are introducing cutting-edge digital cytology devices that will help with the quick on-site screening of cytology samples.
List of Prominent Players in the Histology and Cytology Consumables Market:
• Thermo Fisher Scientific, Inc.
• Danaher Corporation
• Abbott Laboratories
• Becton Dickinson and Company
• F. Hoffmann-La Roche Ltd
• Promega Corporation
• Agilent Technologies Inc.
• Roche Holding AG
• Merck KGaA
• Allergan, Plc
• PerkinElmer, Inc.
• Hologic, Inc.
• Trivitron Healthcare
• Sysmex Corporation
• Koninklijke Philips N.V.
Market Dynamics
Drivers-
The expansion of the histology and cytology market is being driven by the rise in popularity of immunohistochemistry for visualizing cellular components to diagnose a variety of disorders, such as various infectious diseases and cancer. Numerous businesses are creating cutting-edge immunohistochemistry tools and materials. Additionally, during the forecast period, the rising approvals of cervical cancer cytology tests are anticipated to fuel the segment's expansion. The worldwide histology and cytology market is additionally boosted by the rise in demand for histology and cytology products as a result of rising screening awareness and high healthcare spending.
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Challenges:
Despite ongoing developments in cytology and histology technologies, they have occasionally proved largely unsatisfactory, leaving a gap in the market for histology and cytology consumables. Histology and cytology are two examples of techniques utilized in biopsies. This aspect is predicted to restrict the global market for consumables used in histology and cytology. Adoption is difficult since integrating consumables with cutting-edge diagnostic technology, like automated systems and digital pathology, calls for compatibility and the right training.
Regional Trends:
The North American histology and Cytology Consumables Market is expected to record a major market share in the revenue and is projected to grow at a high CAGR in the near future. Due to the rising elderly population, cancer incidence, and increased cancer screening awareness in this region. Due to its sophisticated healthcare infrastructure, research capacity, and emphasis on diagnostics, the region represents a substantial market for histology and cytology consumables. The acceptance of personalized medicine, rising cancer incidence and prevalence, and technology improvements have all contributed to the market's consistent expansion. The region is a centre for medical innovation and research. Advanced histology and cytology consumables are a result of ongoing research efforts and technological development.
Recent Developments:
• In March 2023, Abbott got FDA approval for the first lab-based blood test that can be sold to help evaluate concussion. The Alinity I TBI lab test from Abbott gave a new, reliable result in 18 minutes to help doctors and nurses quickly diagnose concussions and sort patients into groups.
• In January 2023, Agilent Technologies partnered with Akoya Biosciences to provide multiplex chromogenic and immunohistochemistry diagnostic products for tissue analysis.
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Segmentation of Histology and Cytology Consumables Market-
By Product-Type
• Kits & Reagents
• Enzymes
• Stains & Dyes
• Others
By Application-
• Molecular Diagnostic Study
• Cell Signaling
• Clinical Diagnosis
• Epigenetics & Sequencing Study
• Other applications
By End-User-
• Hospitals
• Diagnostics Centers
• Biotechnology & Pharmaceutical Industry
• Academic Research Institutes
• Other end-users
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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