What is Tissue Diagnostics?
Tissue diagnostic performs a crucial part in the diagnosis, monitoring and supervision of cancer disease. Tissue diagnostics is also applied for the diagnosis of next-generation sequencing, decoding cancer molecular profiles and circulating tumour cells. It is done by fine-needle aspiration cytology, open biopsy and core biopsy. The extent to which cancer has penetrated the healthy tissue, stage and type of cancer can be determined with the help of biopsy. This diagnostic is used in pharmaceutical companies, contract research organizations, research laboratories and hospitals for the diagnosis of cancer. Some of the major tissue diagnostic tests are immunohistocheistry (IHC), hexatoxylin & eosin (H&E) and others.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Billion) |
Key Companies Profiled | Roche (Switzerland), Danaher (United States), Thermo Fisher Scientific (United States), Abbott (United States), Agilent Technologies (United States), ABCAM (United Kingdom), Merck KGAA (Germany), BD (United States), Hologic (United States) and Qiagen (Germany) |
CAGR | 6.2% |
The Global Tissue Diagnostics market is expected to see growth rate of 6.2% and may see market size of USD7.12 Billion by 2028.The Market is currently pegged at USD4.7 Billion. The study covers a detailed analysis segmented by key business segments i.e. by type (Consumables(Antibodies Kits, Reagents, Probes) and Instruments (Slide Staining System, Scanner)) , by application (Breast Cancer, Gastric Cancer, Lymphoma, Prostate Cancer, Non-Small Cell Lung Cancer (NSCLC) and Other Diseases) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Tissue Diagnostics market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Tissue Diagnostics market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Roche (Switzerland), Danaher (United States), Thermo Fisher Scientific (United States), Abbott (United States), Agilent Technologies (United States), ABCAM (United Kingdom), Merck KGAA (Germany), BD (United States), Hologic (United States) and Qiagen (Germany).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Ongoing innovation and technological advancement on tissue diagnostics
Market Growth Drivers:
The growing number of cancer incidence across the globe and Rising healthcare expenditure
Challenges:
Sringent regulatory requirements
Restraints:
High cost associated with the diagnostics procedures
Opportunities:
Growing demand for personalized medicines
Key highlights of the Global Tissue Diagnostics market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Tissue Diagnostics market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Tissue Diagnostics market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Tissue Diagnostics Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Tissue Diagnostics market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Tissue Diagnostics market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Tissue Diagnostics Providers, Government Regulatory and Research Organizations and End-Use Industry.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.