Tissue Diagnostics Market Size, Share, Growth, Trends and Industry Analysis Report, 2019 to 2025
The global tissue diagnostics market size was estimated at USD 3.9 billion in 2018 andis poised to exhibit a CAGR of 6.6% during the forecast period. Increase in worldwide volume of diagnostic tests conducted across hospitals and laboratories has boosted the market.
(firmenpresse) - The global tissue diagnostics market size is expected to reach USD 6.03 billion by 2025 at a 6.6% CAGR during the forecast period, according to a new report by Grand View Research, Inc. Major developments pertaining to consolidation, automation, and efficiency analysis to streamline tissue-based disease screening protocols and cashflows have driven this market. Furthermore, collaborations for development of companion diagnostics are anticipated to impact adoption rate of technologies that are employed in the tissue diagnostics arena.
Need for robust diagnostic solutions as a consequence of rising cancer burden has pronounced demand for research initiatives and simultaneous product launches, thus driving the market. For example, in March 2017, California-based OptraScan began offering a subscription-based digital pathology service for research purposes, mainly for smaller labs that are unable to pay for high-end scanners.
In addition, implementation of sequencing technology in tissue-based tests would significantly impact the progress rate of this market. Major leaders like Roche are offering sequencing-based tissue diagnostics products, thus aiding market growth.
Further key findings from the report suggest:
•By technology, immunohistochemistry (IHC) dominated the market in terms of revenue owing to its widespread usage across laboratories for examining tissues for early disease diagnosis and prediction of therapy response in cancer patients
•Digital pathology and workflow is expected to grow at the fastest rate owing to rising investment in infrastructure and onsite server for digitizing images. Furthermore, shortage of pathologists has spurred automation in disease testing, thereby driving the segment
•High incidence of breast cancer, coupled with presence of several products specifically designed for detection of this type of cancer, has resulted in breast cancer accounting for the largest share by application. Advancements in genomics for comprehensive understanding of the genetic markup of a tumor are also anticipated to contribute to segment growth
•By end use, hospitals have led the overall market owing to high hospitalization rate and subsequent adoption of these assays
•North America captured a major revenue share owing to presence of a well-established regulatory framework for diagnostics. Furthermore, growing collaboration between diagnostic and pharmaceutical companies in U.S. is driving the regional market
•F. Hoffmann-La Roche Ltd, Abbott, Siemens Healthineers, and QIAGEN are some of the key participants in the market. These companies have been investing significantly in novel product development and acquisition of small payers in order to maintain their revenue share.
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales(at)grandviewresearch.com
For More Information: http://www.grandviewresearch.com
Datum: 16.09.2019 - 13:56 Uhr
Sprache: Deutsch
News-ID 598883
Anzahl Zeichen: 3130
contact information:
Town:
San Francisco
Phone: 1-888- 202-9519
Kategorie:
Pharmaceuticals & Biotech
Typ of Press Release: Financial
type of sending: send
Date of sending: 16.09.2019
Diese Pressemitteilung wurde bisher 252 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Tissue Diagnostics Market Size, Share, Growth, Trends and Industry Analysis Report, 2019 to 2025"
steht unter der journalistisch-redaktionellen Verantwortung von
Grand View Research, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
