Global Tissue Diagnostics Market size was valued at US$ 4.2 Bn in 2019 and the total revenue is expected to grow at 5.9% through 2021 to 2027, reaching nearly US$ 6.63 Bn.
The global Tissue Diagnostics market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Tissue Diagnostics report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Tissue Diagnostics Market
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2019 is considered as a base year to forecast the market from 2021 to 2027. Due to the COVID-19 pandemic, the market is unstable and the economy is also falling down. Due to this reason, we consider 2019 as a base year. Market forecasting through 2027 is based on real output, demand, and supply of 2019, 2021 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2027 is done based on past data from 2015 to 2019 with the impact of global lockdown on the market in 2020 and 2021.
Global Tissue Diagnostics Market Overview:
The Global Tissue Diagnostics Market is valued at 4.2 Billion by 2019. The Global Tissue Diagnostics Market is expected to reach US$ 6.63 Billion by 2027 at the CAGR (compound annual growth rate) of 5.9 % in the given forecast period (2021-2027).
Tissue diagnostics keep on filling in as one of the best quality levels for cancer growth conclusion as these advancements catch the organic setting of tumors. With a growing rate of disease, the market for tissue diagnostics has seen popularity with rewarding development openings soon. Tissue diagnostics treatment is one of the most important techniques for cancer diagnosis. The Worldwide Office for Exploration on Cancer (IARC) forecast that, by 2030, the worldwide weight is relied upon to increment to 21.7 million new disease cases and 13 million cancer growth, because of the development and maturing of the population, aside from different components, like smoking, poor diet, and fewer childbirths.
Global Tissue Diagnostics Market Dynamics:
The demand for the tissue diagnostic market is increasing owing to the increase in the population in the world and increasing in chronic diseases worldwide. The tissue diagnostic market helps in the treatment of breast cancer, prostate cancer. The rising pervasiveness of cancer disease is one of the major driving factors of the tissue diagnostic market. The illness is described by unusual cell division in an unexpected way. Tissue analytic tests, for example, IHC, ISH, and H&E are broadly used to identify and analyse cancer growth and tumor.
One of the factors that may limit the growth of the tissue diagnostic market is that, need to be trained people. Lack of awareness about tissue diagnostics in a rising economy, combined with low extra income in any part of the world, are major points expected to hamper the growth of the global tissue diagnostics market over the estimated time frame. The cost of material used in tissue diagnostic is high.
Global Tissue Diagnostics Market Segment Analysis:
The global tissue diagnostics market is segmented into by product, technology, disease, and end-user.
On the basis of product, the global tissue diagnostics market is sub-segmented into kits and instruments or devices. According to the MMR report, the kit segment held a large share xx% in the year 2019. The demand for kit tissue diagnostic is increased because of its improved reproducibility. It gives a better recovery of nucleic acids, improved quality of nucleic acids, and reduced risk of carry-over, easy to use, and gives accurate diagnostic. Due to all these reasons, the demand for the kit segment is increasing rapidly.
On the basis of technology, the global tissue diagnostics market is sub-segmented into ISH, Digital pathology, IHC, and Special Staining. According to the MMR report, the IHC (Immunohistochemistry) segment held the largest shares having xx% in 2019. IHC is wildly used in clinical research and the development of cancer diagnostics. IHC is to a great extent liked over ordinary protein staining methods as it explicitly gives varieties between various sorts of tumors. While the regular techniques distinguish just a confined number of tissue designs, compounds, and proteins of tumors. Tumors and irresistible diseases are the main focal point of IHC. Most normal histology tests can't decide the beginning of a tumor, yet IHC has various tests that can be assisted with figuring out where a tumor has come from.
Global Tissue Diagnostics Market 1
The digital pathology segment expected to grow xx% during the forecasting period 2021-2027. A digital pathology system is used for an image information system, which helps to create, manages, store, and share the digital image through glass slides by using computer technology. An increment in the appropriation rate of whole-slide imaging (WSI) among the pathologists, fills in as one of the key elements driving the segment growth. WSI is helpful for remove the specific features of tumors and get an easy diagnosis of cancer by providing informative clinical measures for tumors. By rising investment and increased development of new technology in the market due to all this reason demand of digital pathology segment increases.
On the basis of a disease, the global tissue diagnostics market is sub-segmented into breast cancer, NSCLC, prostate cancer, lymphoma. According to the MMR report, the breast cancer segment held a large share having xx% in the year 2019, and it is set to continue during the forecast period 2021-2027, owing to an increase in the number of breast cancer patients globally. It has been caused due to increase in inheritance and family history. Additionally, a few explorations drives have combined with the help of the public authority and private centers, further drive the development of effective products for the diagnosis of breast cancer. Breast cancer is a common disease that occurring in women. According to the survey, the main factor that affects breast cancer is that most breast cancers are found in women who are 50 years old or older.
Global Tissue Diagnostics Market 2
In 2019, it was assessed by the American Disease Society, that about 30% of the recently analysed cancer in ladies were breast cancers. Increasing health awareness among the people, tissue diagnostics are playing a major role in increasing the growth of the market.
On the basis of an end-User, the global tissue diagnostics market is sub-segmented into Hospitals, Research Laboratories, and Others. According to the MMR report, the hospital segment has held the largest market share having xx% in the year 2019. The hospital segment has a large demand owing to, ease to use and its flexible nature, it is easy for doing surgery. Hence the hospital segment is expected to show fast growth. Due to increasing the number of private hospitals and raising number of patients are factors driving the growth of the segment.
Global Tissue Diagnostics Market 3
As increasing the number of sinus surgeries and technical advancement in tissue diagnostics it gets easier for making the surgery. Due to trained staff, good equipment, and good facilities, many people choose hospitals for their operation due to all these factors driving the growth of the hospital segment.
Recent Development:
• In 2019, Roche had launched the new VENTANA PD-L1 (SP142) analysis in CE (Conformité Européenne) markets.
• Hologic received CE approval for the new “ThinPrep” Genesis Processor in 2019.
• Sakura Finetek which is in USA has announced the launch of “3 antibodies” and an “antibody cocktail” for the Tissue-Tek Genie Advanced staining system.
Global Tissue Diagnostics Market Regional Insights:
North America has the biggest tissue diagnostics market in the world, it held xx% of the share in the year 2019. Owing to the advanced procedures being used in the region, a good healthcare scenario, and ease to use, presence of qualified professionals, and a strong presence of prominent manufactures, high adoption of MI surgical procedures. Due to all these reasons, the Tissue Diagnostics market is high and there is some rule by the government in the US and Canada. The data provided by the National Cancer Institutes, which estimated the number of cases of cancer in the U.S to be 17.2 million in the year 2019, and it is expected to reach 20.3 million by 2026.
Global Tissue Diagnostics Market 4
The second-largest market of tissue Diagnostics is in Europe. Holding major shares of the tissue diagnostics market having xx% in 2019. The Asia-Pacific has also a high growth rate due to increasing awareness in the people about the health and the new technologies available in the market, which is rising the new infrastructure of the hospitals and new healthcare-related facilities. The Asia-Pacific district is likewise set to have development attributable to an increased population and increased chronic diseases.
The objective of the report is to present a comprehensive analysis of the global Tissue Diagnostics market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Tissue Diagnostics market dynamics, structure by analyzing the market segments and project the global Tissue Diagnostics market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Tissue Diagnostics market make the report investor’s guide.
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Global Tissue Diagnostics Market Scope: Inquire before buying
Global Tissue Diagnostics Market 5
Global Tissue Diagnostics Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Tissue Diagnostics Market Key Players
• Abbott Laboratories
• Abcam plc
• Agilent Technologies
• Becton, Dickinson and Company
• Bio SB
• Bio-Genex Laboratories
• Cell Signaling Technology Inc.
• F. Hoffmann-La Roche Ltd
• Leica Biosystems Nussloch GmbH
• Merck KGaA
• QIAGEN N. V.
• Sakura Finetek Japan Co. Ltd.
• Thermo Fisher Scientific Inc.
• Danaher Corp.
• Koninklijke Philips N.V.
Frequently Asked Questions:
1. Which region has largest share in tissue diagnostics Market?
Ans: North America holds highest share in 2021.
2. What is the growth rate of tissue diagnostics Market?
Ans: The Tissue Diagnostics Market is growing at a CAGR of 5.9 % during forecasting period 2019-2027.
3. What segments are covered in tissue diagnostics Market?
Ans: Global Tissue Diagnostics Market is segmented based on Product, Technology, Disease and Region.
4. Who are the key players in tissue diagnostics Market?
Ans: The important key players in the tissue diagnostics market are Merck KGaA, QIAGEN N. V., Sakura Finetek Japan Co. Ltd., and Thermo Fisher Scientific Inc.
5. What is the study period of this market?
Ans: The Tissue Diagnostics Market is studied from 2019 - 2027.
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