New York, NY, Oct. 08, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Tissue Diagnostic Market by Product Type (Consumables and Instruments), by Technology (Immunohistochemistry (IHC), in Situ Hybridization (ISH), Digital Pathology and Workflow Management, and Special Staining), by Diseases (Breast Cancer, Gastric Cancer, Lymphoma, Prostate Cancer, Non-Small Cell Lung Cancer (NSCLC), and Others), and by End-users (Hospitals, Research Laboratories, Ambulatory Surgical Centers, Diagnostic Centers, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2026”. According to the report, global tissue diagnostic market was valued at approximately USD 3862.0 million in 2017 and is expected to generate revenue of around USD 6825.3 million by end of 2026, growing at a CAGR of around 6.5% between 2018 and 2026.
The demographic development and profile together with rising treatment potential lead to a lot of challenges to augment the productivity of healthcare. To get the productivity dive, diseases will play a key role. Tissue diagnostic is specifically carried out for the identification of cancerous cells, where a small tissue sample is used to identify the existence of cancer. As the cancer is caused due to abnormal growth of cells. Tissue diagnostic is also known as the biopsy process.
Browse through 35 Tables & 37 Figures spread over 110 Pages and in-depth TOC on “Global Tissue Diagnostic Market: Industry Type, Size, Share, Top Segments, Key Players and Forecast, 2017-2026”.
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Cancer is one of the leading causes of mortality globally. There are various types of cancer such as lung cancer, prostate cancer, lymphoma, breast cancer, colon cancer, skin cancer, and gastric cancer. Among which breast cancer is one of the leading types of cancer-causing death especially in women. Cancer is the second most common cause of death in the U.S. According to the American Cancer Society in 2017 around 600,920 American population died due to cancer. Tissue diagnostic plays a vital role in the detection, diagnosis, and monitoring of cancerous cells or tumor. Majority of cancer cases is detected and diagnosed when the tumor is seen or felt. The global tissue diagnostic market is segmented on the basis of product type, technology, diseases, end-users, and regions. By product type, the market is segmented into consumables and instruments. The consumables segment is further classified into kits & reagents and probes. The instruments segment is sub-segmented into slide-staining systems, scanners, tissue-processing systems, and others. Among consumables and instruments, the consumables segment attributes for the higher market share in global tissue diagnostic market, owing to increasing clinical trials, rinsing diagnostic procedures, and accurate results.
Based on technology, the global tissue diagnostic market is segmented into immunohistochemistry (IHC), in situ hybridization (ISH), digital pathology and workflow management, and special staining. The immunohistochemistry (IHC) contributes to the major market share in terms of revenue for the global tissue diagnostic market. Whereas, increasing popularity of the in situ hybridization (ISH) will boost the segment growth at the highest CAGR. Ease of accessibility, better results, and affordable cost are escalating the number of in situ hybridization (ISH) procedure in the developed market.
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Diseases segment in the global tissue diagnostic market is divided into breast cancer, gastric cancer, lymphoma, prostate cancer, non-small cell lung cancer (NSCLC), and others. Breast cancer segment is expected to dominate the market owing to the increasing incidence rate of breast cancer worldwide. Breast cancer is the most common cause of cancer in women in developing countries with around 1.7 million cases in 2012, as per the Breast Cancer Research Foundation. In 2015, the National Cancer Institute, spend USD 4,480 million on a range of cancer research which comprises colorectal cancer, breast cancer, liver cancer, cervical cancer, leukemia, lung cancer, uterine cancer, and ovarian cancer.
Hospitals, research laboratories, ambulatory surgical centers, diagnostic centers, and others are the key end-user segments of the global tissue diagnostic market. The hospitals and diagnostic centers segments hold the prominent share of global tissue diagnostic market. High preference of patients for hospital diagnostics will boost the hospital segment by end-users over the forecast period. Whereas, the diagnostic center's segment is expected to grow at a significant CAGR during the forecast period.
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North America dominates the tissue diagnostic market, owing to favorable government framework, high adoption of diagnostics techniques, and high prevalence of cancer among the population. The U.S. is expected to dominate the North American market, owing to the high demand for the advanced diagnostic systems and the increasing prevalence of chronic diseases such as cardiovascular diseases and cancer.
Europe is expected to stand at the second largest position in the regional market and is projected to show a significant growth in the years to come due to the increasing adoption rate and awareness for diagnostic techniques coupled with rising prevalence of targeted diseases. Europe has maximum focus on the issue of healthcare quality and efficiency. According to the Cancer Research, in 2017, about 11,287 deaths were reported due to prostate cancer in the U.K. In the developed regions, prostate cancer is the most common cause of death. High geriatric population coupled with rising prevalence of cancer consuming a larger proportion of health care resources, thus expected to fuel the market in the region.
Browse the full "Tissue Diagnostic Market by Product Type (Consumables and Instruments), by Technology (Immunohistochemistry (IHC), in Situ Hybridization (ISH), Digital Pathology and Workflow Management, and Special Staining), by Diseases (Breast Cancer, Gastric Cancer, Lymphoma, Prostate Cancer, Non-Small Cell Lung Cancer (NSCLC), and Others), and by End-users (Hospitals, Research Laboratories, Ambulatory Surgical Centers, Diagnostic Centers, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2026" report at https://www.zionmarketresearch.com/report/tissue-diagnostic-market
Tissue diagnostic market in Asia Pacific region is expected to grow at highest CAGR owing to the developing healthcare infrastructure, rising healthcare awareness, and escalating medical facilities in the region. Moreover, rising patient awareness regarding the cancer diagnosis in the early stage will drive the market significantly over the forecast period.
Latin America region is anticipated to be dominated by Brazil. The high unmet medical needs and increasing prevalence of cancer have opened the door for tissue diagnosis to provide enhanced and early detection and treatment of diseases. Moreover, increasing disposable income in the region will fuel the tissue diagnostic market during the forecast period. The Middle East and Africa hold the least growth in comparison to other regions, due to lack of reimbursement policies and the high cost of treatment thus restraining the market growth in the region. Thus, all the aforementioned parameters are expected to propel the market growth globally.
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Some of the key players in the tissue diagnostic market include Roche Diagnostic, Agilent Technologies, Danaher Corp., Genomic Health Inc., 3DHISTECH, Abbott Laboratories, GE Healthcare, Becton Dickinson & Co., Cell Signaling Technologies, and Thermo Fisher Scientific Inc., among others.
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This report segments the global tissue diagnostic market as follows:
Global Tissue Diagnostic Market: Product Type Segment Analysis
- Consumables
- Kits & Reagents
- Probes
- Instruments
- Slide-Staining Systems
- Scanners
- Tissue-Processing Systems
- Other
Global Tissue Diagnostic Market: Technology Segment Analysis
- Immunohistochemistry (IHC)
- in Situ Hybridization (ISH)
- Digital Pathology and Workflow Management
- Special Staining
Global Tissue Diagnostic Market: Diseases Segment Analysis
- Breast Cancer
- Gastric Cancer
- Lymphoma
- Prostate Cancer
- Non-Small Cell Lung Cancer (NSCLC)
- Others
Global Tissue Diagnostic Market: End-user Segment Analysis
- Hospitals
- Research Laboratories
- Ambulatory Surgical Centers
- Diagnostic Centers
- Others
Global Tissue Diagnostic Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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