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Tissue Sectioning Market Growth Analysis, Trends, Share, Market Size And Forecast To 2033
Tissue Sectioning Market
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According to The Business Research Company's, The tissue sectioning market size has grown strongly in recent years. It will grow from $0.69 billion in 2023 to $0.76 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to increasing prevalence of chronic diseases, growing aging population, rising investments in life sciences research, expanding biotechnology and pharmaceutical industries, government initiatives supporting research, rising demand for companion diagnostics, increasing awareness about early disease detection, growth in regenerative medicine.
The tissue sectioning market size is expected to see strong growth in the next few years. It will grow to $1.11 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to demand for personalized medicine, growth in biobanks, investments in research and development, increasing healthcare expenditure, growing awareness about early disease detection, emergence of digital pathology, rising demand for biomarker discovery, growing biopharmaceutical industry, rising demand for point of care testing. Major trends in the forecast period include advancements in automation technology, integration of ai and machine learning, digital pathology integration, adoption of 3d tissue sectioning techniques, development of high throughput solutions, expansion of research applications, development of novel cutting techniques, advancements in imaging modalities, adoption of cryosectioning techniques.
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Market Drivers and Trends:
The rising surgical procedures are expected to propel the growth of the tissue sectioning market going forward. Surgical procedures are medical interventions involving instruments to diagnose, treat, or repair the body. The rise in surgical procedures is due to advancements in medical technology, demographic changes, and shifts in healthcare practices. Tissue sectioning aids surgical procedures by providing precise, thin tissue slices for histological analysis, enabling accurate diagnosis, treatment planning, and transplantation. For instance, in December 2023, according to the Australian Institute of Health and Welfare (AIHW), an Australia-based government agency for public health and welfare, in 2022-23, there were 735,500 patients admitted for surgery from public hospital elective surgery waiting lists, marking an 18% rise from 2021-22. Therefore, rising surgical procedures are driving the tissue sectioning market.
Major companies operating in the tissue sectioning market are developing advanced technologies, such as next-generation spatial gene expression technology, to enhance tissue analysis and diagnostics. Next-generation spatial gene expression technology allows for the detailed mapping of gene activity within tissue sections, providing insights into the spatial organization of gene expression and tissue architecture. For instance, in March 2024, 10x Genomics, a US-based biotechnology company, launched Visium HD, a next-generation spatial gene expression technology that enables precise gene expression mapping in detailed anatomical structures. It is designed to provide high-resolution spatial gene expression data at single-cell scale resolution from formalin-fixed, paraffin-embedded (FFPE) tissue sections. This technology allows for comprehensively characterizing FFPE tissue sections by measuring whole transcriptome spatial gene expression at single-cell resolution.
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Major Key Players of the Market:
Thermo Fisher Scientific Inc., Danaher Corporation, Labcorp Drug Development, Agilent Technologies Inc., Leica Biosystems Nussloch GmbH, Abcam Limited, Sakura Finetek USA Inc., Ted Pella Inc., Santa Cruz Biotechnology Inc., Milestone Srl, Diapath S.p.A., Bio-Optica Milano S.p.A, MEDITE Medical GmbH, PathnSitu Biotechnologies Pvt Ltd, Tanner Scientific Inc., Boeckeler Instruments Inc., SLEE Medical GmbH, Amos Scientific PTY. LTD., LLS ROWIAK LaserLabSolutions GmbH, SM Scientific Instruments Pvt. Ltd., Bright Instrument Co. Ltd., RWD Life Science Co. Ltd., Hacker Instruments & Industries Inc.
Tissue Sectioning Market 2024 Key Insights:
• The tissue sectioning market size is expected to see strong growth in the next few years. It will grow to $1.11 billion in 2028 at a compound annual growth rate (CAGR) of 9.9%.
• Rising Surgical Procedures Propelling Tissue Sectioning Market Growth
• Innovative Technologies Revolutionize Tissue Sectioning Analysis
• North America was the largest region in the tissue sectioning market in 2023
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