Press release
Immunohistochemistry (IHC) Market: Soaring Growth Rates, Key Players, and Emerging Market Trends
Immunohistochemistry (IHC) Market
What Is The Projected Market Size Of The Global Immunohistochemistry (IHC) Market And Its Growth Rate?
The global Immunohistochemistry (IHC) market has been experiencing significant expansion. Here are some key statistics:
• Market size in 2024: $2.58 billion
• Market size in 2025: $2.78 billion, growing at a CAGR of 8.0%
• Expected market size in 2029: $4.13 billion, with a CAGR of 10.4%
The growth can be attributed to the clinical adoption of IHC techniques, industry standardization, and expansion in cancer research. Future growth will be driven by the entry of new players, increasing demand in drug development, integration in biomedical research, and enhanced diagnostic applications.
What Is Driving The Growth In The Immunohistochemistry (IHC) Market?
An increase in the prevalence of chronic diseases globally is significantly contributing to the growth of the immunohistochemistry (IHC) market. Chronic conditions that last for extended periods are typically controlled but not cured. IHC plays a key role in diagnosing chronic disorders like cancer and cardiovascular diseases, thanks to its sensitivity, specificity, and rapid result generation attributes. As per the Centers for Disease Control and Prevention, around 37.3 million individuals in the U.S have diabetes, which is about 11.3% of the population. Such prevalence is driving the IHC market's growth trajectory.
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Who Are the Key Players Driving Immunohistochemistry (IHC) Market Growth?
Key players in the IHC market include:
• Thermo Fisher Scientific Inc.
• F. Hoffmann-La Roche AG
• The Merck Group
• Danaher Corporation
• PerkinElmer Inc.
• Bio-Rad Laboratories Inc.
• Cell Signaling Technology Inc.
• Bio SB Inc.
• Agilent Technologies Inc.
• Abcam plc
• Becton Dickinson and Company
• Takara Bio Inc.
• Biocare Medical LLC
• Bio-Genex Laboratories
• Diagnostic BioSystems Inc.
• BioVision Inc.
What Are The Key Trends In The Immunohistochemistry (IHC) Market?
Key market trends observed include:
• Usage of multiplex IHC techniques
• Integration with digital pathology
• Enhancement of antibody specificity
• Increased automation and standardization
• Wider application in biomarker discovery
What Are The Segments Of The Global Immunohistochemistry (IHC) Market?
The primary segments in the global IHC Market include:
• Product: Antibodies, Equipment, Reagents, Kits
• Applications: Diagnostics, Drug Testing, Other Applications
• End-Users: Hospitals And Diagnostic Laboratories, Research Institutes, Other End-Users
Which Region Leads The Immunohistochemistry (IHC) Market?
In 2024, North America dominated the IHC market; however, Asia-Pacific is expected to experience the fastest growth in the forecast period. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Immunohistochemistry (IHC) Market Global Market Report?
- Market Size Analysis: Analyze the Immunohistochemistry (IHC) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Immunohistochemistry (IHC) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Immunohistochemistry (IHC) Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Immunohistochemistry (IHC) Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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