This market research report includes a detailed segmentation of the global tissue diagnostics market by technology (advanced staining, digital pathology and preanalytical and routine staining), by product (consumables and instruments) and by end-users (hospitals, CROs and academia and research institutes). It also outlines the tissue diagnostics market shares for key regions such as the Americas, APAC, and EMEA. The leading vendors analyzed in this report are Abbott Diagnostics, Agilent Technologies, Danaher, and Roche Diagnostics.
Technavio’s market research analysts estimate the global tissue diagnostics market, to grow at a CAGR of around 12% between 2016 and 2020.Rise in the prevalence of chronic diseases has augmented the demand for tissue diagnostic products, including instruments, testing kits, and reagents. Vendors are integrating digital technology for better image management and easy processing of image analysis algorithms. The Americas is the dominating region in the tissue diagnostics market, occupying around 53% of the total market share. Rising number of cancer cases in this region have prompted vendors to develop innovative tissue diagnostic products.
The new market research report from Technavio provides a breakdown and analysis of the tissue diagnostics segments by technology.
“The latest trend in this market is the growing application of ready-to-use reagents. These reagents help minimize calculation, dilution, and pipetting errors, reduce the duration of the diagnostic procedure, and prevent contamination of samples. For instance, HER2 IQFISH pharmDx has helped researchers to use directly the ready-to-use reagent for the identification of breast cancer,” says Brahadeesh Chandrasekaran, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
Digital pathology is the fastest-growing segment in the tissue diagnostics market, and is expected to occupy around 41% of the total market share during the forecast period. The procedure includes the conversion of glass slides to digital pathology. The image file generated allows high resolution, better interpretation, and analysis of digital pathology images. For instance, PerkinElmer’s Lamina multi-label slide scanner provides clear and high-resolution images from tissue microarrays and whole slides.
Global tissue diagnostics market by digital pathology 2015-2020 ($ billions)
Source: Technavio, 2016
The key players in the global tissue diagnostics market are Abbott Diagnostics, Agilent Technologies, Danaher, and Roche Diagnostics. This market is consolidated with the presence of several global players. Intense competition prevails in the market, where vendors predominantly focus on instrumentation of IHC and ISH technologies, besides offering broad range of products including instruments and consumables.
A more detailed analysis is available in the Technavio report, Global Tissue Diagnostics Market 2016-2020.
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