Press release
Global Histology Equipment Market to Reach $0.82 Billion by 2029, Growing at 4.5% CAGR
Histology Equipment Market Size
The market size for histology equipment has been experiencing consistent growth over the past few years. Expected to rise from $0.65 billion in 2024, it's projected to reach an estimated $0.68 billion in 2025, with a compound annual growth rate (CAGR) of 4.9%. Such growth during the historic period has been influenced by factors including a larger incidence of chronic diseases, growth in the spending on healthcare, advancements in imaging technology, broader research activities, and an aging global demographic.
The forecast for the histology equipment market size predicts a firm growth trend in the coming years, anticipating an expansion to $0.82 billion in 2029, showcasing a compound annual growth rate (CAGR) of 4.5%. Factors propelling this growth in the forecast period include amplified prevalence of cancer, growing appetite for personalized healthcare solutions, robust healthcare infrastructural growth in emerging markets, novel technological leaps in imaging techniques, an increasing older population and elevated research and development pursuits in the life sciences arenas. Key trends observed during the forecast timeline incorporate a rise in automation adoption, a burgeoning demand for digital pathology, growth in personalized healthcare, progress in tissue staining technologies, amplified research in the field of oncology, an enhanced emphasis on workflow efficiency, and significant capital injections into laboratory infrastructure.
What Is Contributing to the Growth of the Histology Equipment Market?
The escalating incidence of cancer is anticipated to fuel the expansion of the histology equipment market. Cancer is characterized by abnormal cell growth that proliferates without control and can lead to death if not addressed timely. The surge in cases of cancer can be attributed to a mix of changeable lifestyle factors as well as unchangeable biological and demographic variables. Histology apparatus plays a crucial function in cancer diagnosis and research by facilitating precise tissue assessment; this helps in determining the kind and stage of cancer and aids in outlining a treatment plan. For example, data from the American Cancer Society, a U.S. based entity, shows that in 2022, the US witnessed around 609,360 cancer-related fatalities. In 2023, this figure is projected to marginally increase to 609,820, equivalent to approximately 1,670 deaths each day. Hence, the burgeoning strain of cancer is spurring the growth of the histology equipment market.
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Which Leading Companies Are Shaping the Growth of the Histology Equipment Market?
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.
What Are the Major Trends Shaping the Histology Equipment Market?
Top firms in the histology equipment market are concentrating their efforts on creating sophisticated solutions such as next-generation slide scanners to enhance the precision and effectiveness of cancer diagnosis. Next-generation slide scanners are innovative imaging devices specially created to digitally capture intricate images of stained histology slides harvested from patient tissue samples, and they usually boast superior features and capabilities relative to their predecessors. For example, Roche, the Swiss pharmaceutical giant, unveiled the VENTANA DP 600 slide scanner in June 2022. This next-generation slide scanner delivers exceptional image quality for stained histology slides derived from patient tissue samples. It comes with a high capacity, an intuitive interface, and is adaptable to pathology lab workflows, providing essential digital images crucial for diagnosing cancer and informing treatment plans.
What Are the Key Segments of the Histology Equipment Market?
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
Subsegments:
1) By Slide Staining Systems: Manual Staining Systems, Automated Staining Systems, Hybrid Staining Systems
2) By Scanners: Digital Slide Scanners, Whole Slide Imaging Scanners, Confocal Scanners
3) By Tissue Processing Systems: Manual Tissue Processors, Automated Tissue Processors, Vacuum Infiltration Tissue Processors
4) By Microtomes: Rotary Microtomes, Cryostat Microtomes, Sliding Microtomes, Manual Microtomes, Semi-automated Microtomes
5) By Coverslippers: Automatic Coverslippers, Manual Coverslippers, Semi-Automatic Coverslippers
6) By Other Types: Embedding Stations, Tissue Embedding Centers, Cryostats, Histology Staining Racks, Histology Printers
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Which Region Dominates the Histology Equipment Market?
North America was the largest region in the histology equipment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the histology equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Histology Equipment Global Market Report?
- Market Size Analysis: Analyze the Histology Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Histology Equipment 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 Histology Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Histology Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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