Market Research Report
Histology and Cytology Market 2019-2025
|Histology and Cytology Market 2019-2025|
Published: May 12, 2020
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
Global Histology and Cytology Market Size, Share & Trends Analysis Report, By Type of Examination (Histology and Cytology), By Product (Reagents and Consumables, and Instruments and Analysis Software System), By End-User (Hospitals and Clinical Laboratories and Academic and Research Institutes) and Forecast, 2019-2025
The global histology and cytology market is estimated to witness significant growth during the forecast period. The major factors contributing to the growth of the market include the increasing prevalence of infectious diseases and cancer and rising advances in immunohistochemistry. Globally, 43.8 million patients were suffering from cancer in 2018. This leads to the demand for histology and cytology tools as they are mainly used for the diagnosis of cancer. In breast cancer, this is used for routine immunohistochemistry (IHC) evaluation of hormone receptors (oestrogen and progesterone receptors) as well as evaluation of Ki67 (a marker of tumour proliferation) and HER2 expression. Such factors strongly influence prognosis and opt for the appropriate anti-cancer treatments. Molecular histopathology with the use of in-situ hybridization (ISH) techniques also offers additional information that supports prognosis and treatment of breast cancer and other cancers.
Geographically, the global histology and cytology market is segmented based on four major regions, including North America, Europe, Asia-Pacific, and Rest of the World (RoW). In 2018, North America is anticipated to hold the largest share in the market owing to the presence of some crucial players, including Abbott Laboratories, Hologic, Inc., and Becton, Dickinson, and Co. in the region. Additionally, there is a significant awareness regarding chronic diseases in the region, which leads to the early diagnosis of the condition and better survival rate in the country. This contributes to the demand for histology and cytology instruments to diagnose chronic conditions, including cancer and diabetes.
Key players in the market include Abbott Laboratories, Merck KGaA, F. Hoffman-La Roche AG, Hologic, Inc., and Becton, Dickinson, and Co. Mergers and acquisitions, product launches, and partnerships and collaborations are some crucial strategies adopted by the market players to expand market share and gain a competitive advantage. For instance, In June 2019, PHC Holdings Corp. acquired Anatomical Pathology business from Thermo Fisher Scientific Inc., for nearly $1.1 billion. Anatomical Pathology business of Thermo Fisher Scientific is a part of Specialty Diagnostics division. With the acquisition of Thermo Fisher's Anatomical Pathology business, a new stand-alone company named Epredia was established to serve comprehensive anatomical pathology solutions.
The market study of the global histology and cytologymarket is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in our reports.
Secondary Sources Include:
The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.
The Report Covers: