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Tissue Diagnostics Market to Reach $6.6 Billion by 2027 | Key Players include Abbott, QIAGEN, Roche, Siemens, Danaher, Thermo Fisher, and Merck

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Tissue Diagnostics Market to Reach $6.6 Billion by 2027 | Key Players include Abbott, QIAGEN, Roche, Siemens, Danaher, Thermo Fisher, and Merck

April 16
20:30 2020
Tissue Diagnostics Market to Reach $6.6 Billion by 2027 | Key Players include Abbott, QIAGEN, Roche, Siemens, Danaher, Thermo Fisher, and Merck

Grand View Research, Inc. – Market Research And Consulting
According to report published by Grand View Research, The global tissue diagnostics market size was valued at USD 4.2 billion in 2019 and is expected to register a CAGR of 5.9% over the analysis period

The global tissue diagnostics market size is anticipated to reach USD 6.6 billion by 2027, growing at a CAGR of 5.9% during the forecast period, according to a new report by Grand View Research, Inc. Accelerating demand for automated tissue diagnostic systems due to the lack of skilled pathologists has driven the market. The advent of advanced imaging techniques, such as autofluorescence, that minimize the need for invasive diagnostics further supplement market growth.

The digitalization of tissue diagnostic techniques has resulted in the improvement of workflows and better patient care. Ongoing strategic models taken-up by key companies to enhance the efficiency of diagnostics also drives the market. For instance, in December 2019, Philips collaborated with Paige to provide clinical-grade artificial intelligence-based solutions to pathology laboratories. This enhanced the speed and accuracy of cancer diagnostics in laboratories.

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Tissue diagnostic techniques, such as immunohistochemistry (IHC) or in situ hybridization, are used in companion diagnostics (CDx) to determine the quantity of a target analyte present in the sample. Introduction of CDx tests, such as the launch of the VENTANA HER2 Dual ISH CDx

Japan tissue diagnostics market size, by technology, 2016 - 2027 (USD Million)

Further key findings from the report suggest:

  • IHC tests are highly adopted as these tests are specific and helpful in identifying the variations between different types of cancer, resulting in the largest revenue share
  • A rise in the investments for the development of advanced infrastructure to digitalize images is anticipated to drive the digital pathology segment with the fastest CAGR.
  • Moreover, an increase in the demand for automated modalities owing to a dearth of skilled pathologists further compliments this growth
  • A large number of breast cancer cases coupled with a rise in the application of digital image processing techniques on histopathological samples for breast cancer detection contributes to the largest share of breast cancer
  • Prostate cancer is anticipated to register lucrative growth owing to the extensive ongoing research pertaining to early diagnosis and prevention of this disease
  • Hospitals dominated the market in terms of revenue share due to the high adoption of tissue diagnostics solutions. These solutions provide accurate results in minimal time than conventional testing procedures
  • North America accounted for the largest revenue share owing to increasing collaborations between pharmaceutical and biotech firms to expand their product offerings
  • The requirement of better laboratory management systems, growing demand for novel patient care facilities, and favorable regulatory framework, boost the Asia Pacific market at a lucrative pace
  • Abbott, QIAGEN, Roche, Siemens, Danaher, Thermo Fisher, and Merck are some key participants operating in the tissue diagnostics market
  • Key vendors are engaged in novel product developments, partnership, and acquisition models to maintain their revenue share in the market.

Global tissue diagnostics market share, by end use, 2019 (%)

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Grand View Research has segmented the global tissue diagnostics market on the basis of technology and product, application, end use, and region:

Tissue Diagnostics Technology & Product Outlook (Revenue, USD Million, 2016 – 2027)

  • Immunohistochemistry
    • Instruments
    • Slide Staining Systems
    • Tissue Microarrays
    • Tissue Processing Systems
    • Slide Scanners
    • Other products
    • Consumables
    • Antibodies
    • Reagents
    • Kits
  • In Situ Hybridization
    • Instruments
    • Consumables
    • Software
  • Primary & Special Staining
  • Digital Pathology and Workflow
    • Whole Slide Imaging
    • Image Analysis Informatics
    • Information Management System Storage & Communication
  • Anatomic Pathology
    • Instruments
    • Microtomes & Cryostat microtomes
    • Tissue processors
    • Automatic strainers
    • Other products
    • Consumables
    • Reagents & Antibodies
    • Probes & Kits
    • Others

Tissue Diagnostics Application Outlook (Revenue, USD Million, 2016 – 2027)

  • Breast Cancer
  • Non-small Cell Lung Cancer
  • Prostate Cancer
  • Gastric Cancer
  • Other Cancers

Tissue Diagnostics End-Use Outlook (Revenue, USD Million, 2016 – 2027)

  • Hospitals
  • Research Laboratories
  • Pharmaceutical Organizations
  • Contract Research Organizations (CROs)

Tissue Diagnostics Regional Outlook (Revenue, USD Million, 2016 – 2027)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa (MEA)
    • South Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research Guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States

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