About IHC Daignostics
Immunohistochemistry is the name given to IHC Diagnostics. It's a microscopy technique for recognizing antigens and macromolecules found in cells. The presence and localization of the target protein in various types of cells, biological cycles, or even subcellular localization within complex tissues are all visualized via immunohistochemistry. This approach can be used for diagnostic purposes as well as a successful treatment program. The very sensitive identification of several proteins in the same sample, as well as the accessibility of protein-protein interaction detection, are two recent developments in the IHC technology. This method can be used for drug testing as well as disease diagnosis. Increasing automation and machine learning in immunohistochemistry (IHC), as well as the introduction of technologically improved immunohistochemistry solutions, are likely to propel the market forward significantly over the forecast period. Advances in IHC methods have increased the demand for it in illness diagnosis to a significant degree.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 8.1% |
The leading market participants' high level of consolidation. To address the market's growing demand for IHC assays in cancer diagnostics, the industry's leading competitors are launching new products, merging and acquiring companies, and expanding regionally. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global IHC Daignostics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Merck KGaA (Germany), Bio-Rad Laboratories, Inc. (United States), Bio-Techne Corporation (United States), F. Hoffman-La Roche AG (Switzerland), Danaher Corporation (United States), Agilent Technologies, Inc. (United States), Abcam plc (UK), Becton, Dickinson, and Company (United States), PerkinElmer, Inc. (United States), Takara Bio, Inc. (Japan), Thermo Fisher Scientific, Inc. (United States), Diagnostic Biosystems, Inc. (United States), BioVision Inc. (United States), Rockland Immunochemicals, Inc. (United States) and Genemed Biotechnologies, Inc. (United States). are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are PHC Holdings Corporation (Japan), Cell Signaling Technology, Inc. (United States), Bio SB, Inc. (United States), Miltenyi Biotec (Germany), CANDOR Bioscience GmbH (Germany), Sakura Finetek Japan Co., Ltd. (Japan), Eagle Biosciences, Inc. (United States), Biocare Medical, LLC (United States), Elabscience, Inc. (China) and Biogenex Laboratories (United States).
Segmentation Overview
AMA Research has segmented the market of Global IHC Daignostics market by Type (Antibodies [Primary antibodies, Secondary antibodies], Reagents [Histological Stains, Blocking Sera, and Reagents, Chromogenic Substrates, Fixation Reagents, Organic Solvents, Proteolytic Enzymes, Diluents, Other Reagents], Equipment [Slide-staining Systems, Tissue Processing Systems, Slide Scanners, Other Equipment ] and Kits [IHC Kits for Human tissue, IHC Kits for Animal tissue]), Application (Diagnostic applications [Cancer, Infectious diseases, Autoimmune diseases, Nephrological diseases, Neurological diseases, Other ], Research applications [Drug development and Testing, Other] and Forensic applications) and Region.
On the basis of geography, the market of IHC Daignostics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End User, the sub-segment i.e. Hospitals & Diagnostic Laboratories will boost the IHC Daignostics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
In the field of IHC, technological improvements have been made., Reimbursement for IHC testing is available. and The increased demand for IHC in medication development
Market Growth Drivers:
The aging population and the consequent increase in the prevalence of chronic and infectious diseases and The Growing Demand due to New product launches
Challenges:
The Concern Related to a scarcity of qualified professionals and Recalls and product failures
Restraints:
The high degree of consolidation
Opportunities:
Personalized medicine is becoming more popular., Companion diagnostics are becoming increasingly important. and Emerging markets provide prospects for growth.
Market Leaders and their expansionary development strategies
In August 2021, Roche's VENTANA MMR RxDx companion diagnostic test for solid tumors defective in the MMR pathway obtained FDA clearance based on immunohistochemistry. The test identifies people who are candidates for GSK's JEMPERLI anti-PD1 immunotherapy. and In August 2021, Agilent's PD-L1 IHC 22C3 pharmDx assay for identifying oesophageal cancer patients for treatment with KEYTRUDA acquired a CE-IVD mark in Europe.
In June 2021, PathAI, At the American society of clinical oncology virtual scientific program 2021, a U.S.-based provider of AI-powered technology for pathological applications demonstrated a machine learning-based quality control tool built for HER2 testing in breast cancer., In January 2021, The ONCORE Pro, a fully automated in vitro diagnostic benchtop system for in-situ hybridization (FISH) and immunohistochemistry (IHC) applications, was introduced by Biocare Medical LLC. and In January 2021, Abcam and Shuwen Biotech (Shuwen) entered into a strategic alliance for developing and commercializing companion diagnostics (CDx). Under the agreement, Abcam is providing recombinant rabbit monoclonal antibodies to Shuwen Biotech for further immunohistochemical verification.
Analyst View
The pandemic's emergence has prompted researchers to concentrate on approaches for developing a vaccine for the Covid-19. Immunohistochemistry can be used to detect antigen distribution and localization of the Corona virus-2, hence assisting in the creation of vaccines as needed. Furthermore, with the pressing need to develop vaccines with fewer adverse effects and greater efficacy, the immunohistochemistry approach is being employed to develop an optimum prophylactic formula. The employment of this approach in the present pandemic is a need, and as a result, the market will continue to rise in the next years.
Key Target Audience
IHC Diagnostics Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.