The histology equipment from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Histology Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The histology equipment market size has grown steadily in recent years. It will grow from $0.62 billion in 2023 to $0.65 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to the high prevalence of chronic diseases, increased healthcare expenditure, technological innovations in imaging, expansion of research activities, and the aging global population.
The histology equipment market size is expected to see steady growth in the next few years. It will grow to $0.78 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to the increasing prevalence of cancer, rising demand for personalized medicine, growing healthcare infrastructure in emerging markets, technological innovations in imaging techniques, expanding geriatric population, and heightened research and development activities in life sciences. Major trends in the forecast period include increasing adoption of automation, rising demand for digital pathology, growth in personalized medicine, advancements in tissue staining technologies, expansion of research in oncology, increasing focus on workflow efficiency, and higher investments in laboratory infrastructure.
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Scope Of Histology Equipment Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Histology Equipment Market Overview
Market Drivers -
The rising burden of cancer is expected to propel the growth of the histology equipment market going forward. Cancer refers to a condition where abnormal cells grow and spread uncontrollably, potentially leading to death if untreated. The rise in cancer cases is multifactorial, involving both modifiable lifestyle factors and non-modifiable biological and demographic factors. Histology equipment helps to diagnose and study cancer by enabling detailed tissue examination, helping to identify cancer types and stages, and guiding treatment. For instance, in August 2023, according to the Australian Institute of Health and Welfare, an Australia-based government administration for health, in 2021, it is projected that 151,000 individuals will be diagnosed with cancer, excluding basal cell carcinomas (BCC) and squamous cell carcinomas (SCC) of the skin, with 49,000 expected to die from the disease. Moreover, by 2031, the number of new cancer cases is anticipated to rise to 185,000. Therefore, the rising burden of cancer is driving the histology equipment market.
Market Trends -
Major companies operating in histology equipment are focused on developing advanced solutions, such as next-generation slide scanners, to improve the accuracy and efficiency of cancer diagnosis. A next-generation slide scanner refers to an advanced imaging tool designed to digitally capture detailed images of stained histology slides obtained from patient tissue samples, typically with enhanced features and capabilities compared to previous models. For instance, in June 2022, Roche, a Switzerland-based pharmaceutical company, launched the VENTANA DP 600 slide scanner. It is a next-generation slide scanner that offers superior image quality for stained histology slides from patient tissue samples. It has high capacity, a user-friendly interface, and adaptability to pathology lab workflows to provide crucial digital images essential for diagnosing cancer and guiding treatment decisions.
The histology equipment market covered in this report is segmented –
1) By Type: Slide Staining Systems, Scanners, Tissue Processing Systems, Microtomes, Coverslippers, Other Types
2) By Product
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