The global immunohistochemistry market size is expected to reach a value of USD 3.2 billion by 2027, expanding at a CAGR of 7.8%, according to a new report by Radiant Insights, Inc. Rising prevalence of chronic diseases, increasing regulatory approvals, and launch of technologically advanced immunohistochemistry (IHC) systems are expected to propel market growth over the forecast period.
IHC has become a crucial technique and is widely applied in the diagnosis of several chronic diseases such as cancer, infectious diseases, and cardiovascular diseases (CVDs). Thus, a rise in the incidence of these chronic diseases has led to an increase in the demand for IHC techniques. According to 2018 data published by WHO, globally, cancer was one of the leading causes of mortality, and in 2018 around 9.6 million deaths were registered due to cancer. The same source also states that every year CVDs cause around 17.9 million deaths, globally.
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Furthermore, increasing regulatory approval and launch of novel IHC products are expected to support IHC market growth. For instance, in May 2019, F. Hoffmann-La Roche AG launched its new VENTANA ROS1 (SP384) Rabbit Monoclonal Primary Antibody, intended for the detection of ROS1-positive cancer cases. Additionally, in June 2019, the U.S. FDA approved the expanded use of Agilent Technologies’ PD-L1 IHC 22C3 pharmDx assay for the detection of head and neck squamous cell carcinoma (HNSCC). This product is used in patients receiving treatment with Merck and Co., Inc.’s Keytruda (Pembrolizumab).
However, various limitations associated with immunohistochemistry techniques and the high cost of automated IHC instruments are expected to hinder market growth over the forecast period. Automated immunohistochemistry instruments for disease diagnosis involve high setup costs. As a result, various emerging economies still rely on cost-effective traditional diagnostics that are based on immunostaining of thin tissue sections.
Further key findings from the study suggest:
• Antibodies product segment held the largest market share in 2019 owing to increasing product approval and their high adoption rate, leading to a high demand for IHC techniques
• The diagnostics application segment dominated the IHC market in 2019 and is expected to witness the highest growth over the forecast period due to the rising prevalence of chronic diseases
• Hospitals and diagnostic laboratories dominated the market, by end use in 2019 owing to an increase in the number of hospitals and diagnostic centers with advanced infrastructure and the growing incidence of life-threatening diseases
• North America held the largest market share in 2019 due to the presence of well-established healthcare infrastructure, favorable healthcare reimbursement policies, and the presence of major players in U.S.
• Asia Pacific is anticipated to exhibit fastest growth over the forecast period due to the increasing prevalence of chronic diseases in countries such as China and India
• Some of the key players of immunohistochemistry market are Thermo Fisher Scientific, Inc.; F. Hoffmann-La Roche Ltd.; Merck KGaA; Danaher Corporation; Perkinelmer, Inc.; Bio-Rad Laboratories, Inc.; Cell Signaling Technology, Inc.; Bio SB; Agilent Technologies, Inc.; and Abcam plc.
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Table of Contents
Chapter 1 Methodology and Scope
1.1 Market segmentation & scope
1.2 Market definition
1.3 Information procurement
1.3.1 Purchased database
1.3.2 Radiant Insights internal database
1.3.3 Secondary sources & third party perspectives
1.3.4 Primary research
1.4 Information analysis
1.4.1 Data analysis models
1.5 Market formulation & data visualization
1.6 Data validation & publishing
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
Chapter 3 Immunohistochemistry (IHC) Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Ancillary Market Outlook
3.2 Penetration and Growth Prospect Mapping
3.3 Market Dynamics
3.3.1 Market driver analysis
3.3.1.1 High prevalence of chronic diseases
3.3.1.2 Intoduction of technollogically advanced IHC solutions
3.3.1.3 Increasing R&D investments
3.3.1.4 Strategic initatives by major players
3.3.1.5 Improving healthcare infrastructure in emerging economies
3.3.2 Market Restraint Analysis
3.3.2.1 High cost of IHC instruments
3.3.2.2 Limitations associated with IHC techniques
3.3.2.3 Increasing Product recalls
3.3.3 Industry challenges
3.3.3.1 Presence of ambiguous regulatory framework
Continued…
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According to the new market research report “Immunohistochemistry Market by Product (Antibody, Reagent, Kits, Slide Staining System, Tissue Microarray) Application (Diagnostics (Cancer, Cardiovascular, Diabetes, Autoimmune, Infectious Diseases) & Drug Testing) End User – Global Forecast to 2021″, published by MarketsandMarkets™, analyzes and studies the major market drivers, restraints/challenges, and opportunities in North America, Europe, Asia-Pacific, and the Rest of the world (RoW).Don’t miss out on business opportunities in Immunohistochemistry Market.Speak to our analyst and gain crucial industry insights that will help your business grow:https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=121632939The immunohistochemistry market is projected to reach USD 2.12 Billion by 2021, at a CAGR of 7.3% during the forecast period.
Rising geriatric population, growing prevalence of chronic diseases, increasing number of diagnostic centers, and increasing physician awareness & demand for histopathology are expected to fuel the growth of this market in the coming years.
However, rapid growth in the developing countries across APAC and Latin America and the increasing demand for personalized medicine offer significant growth opportunities in the market.Immunohistochemistry (IHC) is a laboratory test that uses antibodies to test certain antigens in a tissue combining immunological, anatomical, and biochemical techniques.
There are multiple approaches and permutation in immunohistochemistry applicable in drug testing and diagnosis of chronic diseases like cancer, infectious diseases, cardiovascular diseases, diabetes, and autoimmune diseases.
The market covers the market size from 2014 to 2021.Browse and in-depth TOC on ” Immunohistochemistry Market”181 – Tables44 – Figures225 – PagesRequest for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=121632939Rising geriatric population, growing prevalence of chronic diseases, rapid technological developments in the IVD industry, and increasing healthcare spending are expected to fuel the growth of this market in the coming years.
However, rapid growth in the developing countries across APAC and Latin America and the increasing demand for personalized medicine are expected to offer significant growth opportunities for players in the market.
Global Immunohistochemistry Market OverviewThe Global Immunohistochemistry Market report draws accurate insights by examining the latest and prospective industry trends, helping the readers recognize the products and services that are boosting revenue growth and profitability.
The study performs a detailed analysis of all the significant factors impacting the market on a global and regional scale, including drivers, constraints, threats, challenges, prospects, and industry-specific trends.
This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.Check out the Sample Report here: https://www.reportsanddata.com/sample-enquiry-form/2198The Immunohistochemistry market analysis is intended to provide all participants and vendors with pertinent specifics about growth aspects, roadblocks, threats, and lucrative business opportunities that the market is anticipated to reveal in the coming years.
This intelligence study also encompasses the revenue share, market size, production capacity, and rate of consumption to draw insights pertaining to the rivalry to gain control of a large portion of the market share.Leading Players in the Immunohistochemistry Market:Abcam plc; Bio SB; Bio-Rad Laboratories Inc.; Cell Signaling Technology, Inc.; Danaher Corporation; F. Hoffmann-La Roche AG; Merck KGaA;, Inc.; Thermo Fisher Scientific, Inc., PerkinElmer, Agilent TechnologiesCompetitive landscapeThe Immunohistochemistry Industry is extremely competitive and consolidated because of the existence of several established companies that are adopting different marketing strategies in order to increase their market share.
The vendors are gradually expanding their focus on product personalization by way of customer interaction.
Immunohistochemistry Market segment by : Type (Revenue, USD Million; 2016–2026)AntibodiesEquipmentReagentsKitsApplication (Revenue, USD Million; 2016–2026)DiagnosticsCancerInfectious DiseasesCardiovascular DiseasesAutoimmune DiseasesDiabetes MellitusNephrological DiseasesDrug TestingEnd Use (Revenue, USD Million; 2016–2026)Hospitals and Diagnostic LaboratoriesClinicsResearch InstitutesOthers Regional Immunohistochemistry Market (Regional Output, Demand & Forecast by Countries):- North America (United States, Canada, Mexico)South America (Brazil, Argentina, Ecuador, Chile)Asia Pacific (China, Japan, India, Korea)Europe (Germany, UK, France, Italy)Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.Connect with an expert for customization of Report : @ https://www.reportsanddata.com/request-customization-form/2198Points Covered in The Report:A.
