The Tissue Diagnostics Market Size was valued at USD 5.5 billion in 2023, and is expected to reach USD 9.59 billion by 2031 and grow at a CAGR of 7.2% over the forecast period 2024-2031.
The procedure of identifying a specific tissue that was acquired is known as tissue diagnostics. It can also be described as making a diagnosis of a specific tissue, which includes taking measurements, describing it, and looking for any anomalies that may be present. This procedure aids in determining the patient's health and disease state. The three main types of tissue diagnostics are in-situ hybridization, hematoxylin and eosin (H&E), and immunohistochemistry (IHC), with the latter being the most widely used technique.
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Personalized diagnosis and therapy are frequently made possible by tissues, and samples are typically made up of tissue fragments obtained by a variety of techniques, such as small biopsies and big specimens taken during surgery. The market for tissue diagnostics is expected to expand in the approaching years due to important reasons such rising healthcare costs and technical breakthroughs in this area. The International Agency for Research on Cancer (IARC) estimates that, in addition to other factors including poor food, inactivity, and smoking, the worldwide burden of cancer will rise to 21 million new cases and more than 12 million deaths from the disease.
DRIVERS
Increasing costs for healthcare
Increasing cancer incidence
Constructing a system for cancer diagnostics
Digital pathology is in greater demand
Expanding the number of available reimbursements
Expanding private diagnostic facilities worldwide
Increasing numbers of elderly people, which is followed by an increase in chronic and infectious disorders
RESTRAINTS
Extremely strong consolidation
Reimbursement problems and high diagnostic costs
OPPORTUNITIES
BRICS nations provide numerous opportunities
Increasing demand for customized medications
There are more and more drug-related clinical trials
Emerging markets will present substantial business prospects
CHALLENGES
Professionals lacking in expertise
Refurbished goods are accessible
Recalls and defective products
Regulations that are very strict
Middle- and low-income nations suffer from a lack of infrastructure and a lack of awareness.
The COVID-19 epidemic has had an effect on the global pharmaceutical, diagnostics, and healthcare industries, as well as the tissue diagnostics sector.
The market was favorably impacted by COVID-19 as a result of the rise in popularity of high-throughput, sequencing-based diagnostic testing.
By Product
Instruments and Reagents & Consumables are the market segments. The consumables segment is anticipated to experience the largest growth rate over the next few years, mostly due to its affordability, strong demand, and simplicity of use. In addition, one of the key elements most likely to fuel the market's expansion internationally is the rising number of reagent rental agreements.
By Technology
The market is divided into the following categories: Digital Pathology and Workflow Management, Immunohistochemistry (IHC), In Situ Hybridization (ISH), and Special Staining. The segment for immunohistochemistry, which is generally utilised in tissue diagnostics, is anticipated to develop at the highest rate in the next years. This is mostly due to the rising global prevalence of chronic diseases.
By End User
Hospitals, pharmaceutical companies, research laboratories, and contract research organizations make up the market segments. One of the key drivers accelerating market expansion and demand during the projection period is the rapidly expanding infrastructure for cancer diagnosis.
By Product
Consumables
Instruments
By Disease
Breast Cancer
Gastric Cancer
Lymphoma
Prostate Cancer
Non-Small Cell Lung Cancer
By Technology
Immunohistochemistry (IHC)
In-Situ Hybridization (ISH)
Digital Pathology & Workflow Management
Special Staining
By End User
Hospitals, Research Laboratories
Pharmaceutical Companies
Contract Research Organizations
North America, Asia Pacific, Europe, and the rest of the world make up the market segments. It's expected that North America will control the market. The market in North America is expanding mainly because to the simple accessibility of cutting-edge technology, the rising prevalence of hereditary and lifestyle-related chronic diseases, and the country's increasingly ageing population.
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REGIONAL COVEREGE
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Some of the major key players are Agilent Technologies, Inc., Bio Sb, Cell Signaling Technology, Inc., Danaher Corporation, Sigma-Aldrich Corporation, Abbott Laboratories, Inc., Sakura Finetek Japan Co., Ltd., Bio genex Laboratories, Thermo Fisher Scientific, F. Hoffman-La Roche AG. and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 5.5 Billion |
| Market Size by 2031 | US$ 9.59 Billion |
| CAGR | CAGR of 7.2% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Consumables, Instruments) • By Disease (Breast Cancer, Gastric Cancer, Lymphoma, Prostate Cancer, Non-Small Cell Lung Cancer) • By Technology (Immunohistochemistry (IHC), In-Situ Hybridization (ISH), Digital Pathology & Workflow Management, Special Staining) • By End User (Hospitals, Research Laboratories, Pharmaceutical Companies, Contract Research Organizations) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Agilent Technologies, Inc., Bio Sb, Cell Signaling Technology, Inc., Danaher Corporation, Sigma-Aldrich Corporation, Abbott Laboratories, Inc., Sakura Finetek Japan Co., Ltd., Bio genex Laboratories, Thermo Fisher Scientific, F. Hoffman-La Roche AG |
| Key Drivers | • Increasing costs for healthcare • Increasing cancer incidence |
| RESTRAINTS | • Extremely strong consolidation • Reimbursement problems and high diagnostic costs |
Ans. The Tissue Diagnostics Market is to grow at a CAGR of 7.2% during the forecast period 2024-2031.
Ans BRICS nations provide numerous opportunities, increasing demand for customized medications, and There are more and more drug-related clinical trials are the opportunities of the market.
Ans. The Tissue Diagnostics Market is valued at US$ 5.5 Bn in 2023.
Ans. It's expected that North America will control the market.
Ans. Consumables, and Instruments are sub segments of by product of the Tissue Diagnostics Market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Tissue Diagnostics Market Segmentation, By Product
8.1 Consumables
8.2 Instruments
9. Tissue Diagnostics Market Segmentation, By Disease
9.1 Breast Cancer
9.2 Gastric Cancer
9.3 Lymphoma
9.4 Prostate Cancer
9.5 Non-Small Cell Lung Cancer
10. Tissue Diagnostics Market Segmentation, By Technology
10.1 Immunohistochemistry (IHC)
10.2 In-Situ Hybridization (ISH)
10.3 Digital Pathology & Workflow Management
10.4 Special Staining
11. Tissue Diagnostics Market Segmentation, By End User
11.1 Hospitals, Research Laboratories
11.2 Pharmaceutical Companies
11.3 Contract Research Organizations
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Agilent Technologies, Inc.
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Bio Sb
13.3 Cell Signaling Technology, Inc.
13.4 Danaher Corporation
13.5 Sigma-Aldrich Corporation
13.6 Abbott Laboratories, Inc.
13.7 Sakura Finetek Japan Co., Ltd.
13.8 Bio genex Laboratories
13.9 Thermo Fisher Scientific
13.10 F. Hoffman-La Roche AG
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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