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Tissue Diagnostic Market (Product - Accessories, and Instruments; Technology - Digital Pathology and Workflow, Special Staining, In Situ Hybridization, and Immunohistochemistry; Application - Non-small Cell Lung Cancer, Prostate Cancer, Gastric Cancer, Breast Cancer, and Lymphoma): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : April, 2022

  • Rep Id : HC0170

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on tissue diagnostic market provides in-depth analysis of segments and sub-segments in the global as well as regional tissue diagnostic market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional tissue diagnostic market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global tissue diagnostic market. According to the report, the global tissue diagnostic market is projected to grow at a CAGR of 7.14% over the forecast period of 2021-2027. The global tissue diagnostics market was valued at 3.2 USD billion in 2021 and is expected to reach USD 4.8 billion in 2027.

 

Market Insight

Diagnostic tissue is all tissue obtained during a medical procedure for patient care that, in accordance with applicable legislation, must be sent to the laboratory or department of pathology for documentation. Tissue diagnostics is the process of documenting a particular tissue that was obtained. It can also be defined as a process of diagnosing a specific tissue including its measurement and description and observing any abnormalities if present. This process is also helpful in knowing the status of the patient’s health and diseases. The major types of tissue diagnostics include Immunohistochemistry (IHC), Hematoxylin and Eosin (H&E), and In-situ hybridization in which immunohistochemistry (IHC) is the most popular tissue diagnostics method. Tissue-based diagnostics serve as one of the most significant techniques for cancer diagnosis.  The rise in the pandemic of COVID-19 has significantly affected all the industries globally. The impact of COViD-19 will influence the growth of the market positively. The tissue diagnostics product segment is used in the treatment of lung cancer diseases as well which also forms a common point of treatment for Covid patients so this will in turn boost the market for the tissue diagnostics market. The healthcare market research and development saw a steep downfall in the sales during the lockdown due to the shutdown of various manufacturing units and also they had to face scarcity in the supply of raw materials and unavailability of labor for a particular period of time as governments imposed strict regulations related to social distancing norms

 

The constant development in equipment used for tissue diagnostics, and increasing health awareness among the general population are the major factors expected to propel the growth of the global. Due to the rising occurrence of cancer, developing infrastructure for cancer diagnosis, recommendation of cancer screening, availability of reimbursements, and increasing healthcare expenditure the market is expected to grow at a faster rate. The clinical trials market is growing owing to the increase in the number of cancer patients, and the increasing number of clinical trials pertaining to cancer drugs is providing lucrative opportunities for the growth of the tissue diagnostics market. Moreover, a dearth of awareness about tissue diagnostics in various under developing nations might hinder the growth curve of the market during the forecast years

 

Among the regions, North America accounted for the largest share of the global Tissue Diagnostics Market. Factors such as higher cancer occurrence rate, growth of personalized medicine, increasing adoption of technologically more advanced tissue diagnostics, aged population, and a high number of collaborations activities conducted between biotech firms and pharmaceutical companies in the region. However, the Asia Pacific region is anticipated to grow at the highest rate in the global Tissue Diagnostics Market over the forecast period. Due to the constantly rising need for improved testing, the increasing demand for improved facilities for patient care, and favorable regulations in the countries like India, Japan, and China. Moreover, the governments are carrying out different initiatives, for bettering healthcare infrastructure

 

Segment Covered

The report on global tissue diagnostic market covers segments such as product, technology, and application. On the basis of product, the sub-markets include accessories, and instruments. On the basis of technology, the sub-markets include digital pathology and workflow, special staining, in situ hybridization, and immunohistochemistry. On the basis of application, the sub-markets include non-small cell lung cancer, prostate cancer, gastric cancer, breast cancer, and lymphoma.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Becton Dickinson & Company, Prometheus Laboratories, Roche, DiaGenic, Abbott, Qiagen, Siemens Healthcare, Johnson & Johnson, GE Healthcare, and Bio SB.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of tissue diagnostic market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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