Tissue Diagnostics Market Worth $6.6 Billion By 2027 Growing At A CAGR Of 5.9% | Grand View Research, Inc.

Tissue Diagnostics Market Worth $6.6 Billion By 2027 Growing At A CAGR Of 5.9% | Grand View Research, Inc.

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According to a new report published by Grand View Research, With an increasing incidence of cancer, the market for tissue diagnostics has witnessed high demand with lucrative growth opportunities in the near future.

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.

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. 

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Tissue Diagnostics Market Report Highlights

 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.

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Tissue Diagnostics Market Segmentation

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

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About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

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