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Increasing prevalence of cancer is a significant factor driving global tissue diagnostics market revenue growth
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Tissue Diagnostics Market Size Worth USD 8.81 Billion in 2030 www.emergenresearch.com Increasing prevalence of cancer is a significant factor driving global tissue diagnostics market revenue growth
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Market Summary The global tissue diagnostics market size is expected to reach USD 8.81 Billion at a steady revenue CAGR of 6.6% in 2030, according to the latest analysis by Emergen Research. One of the primary driving factors leading to increased revenue growth of this market is the increasing prevalence of cancer. Cancer is the major cause of mortality worldwide, representing over 10 million deaths in 2020, or roughly one in every six. Infections that cause cancer, such as Human Papillomavirus (HPV) as well as hepatitis, account for around 30% of cancer cases in low- and lower-middle-income economies. Tissue diagnostics is a significant component when making decisions for optimal caregiving. Patients cannot be treated properly unless an appropriate diagnosis is made. As a result of the rising occurrence of various types of cancer throughout the world, there is a growing need for tissue diagnostics to help in the treatment process, driving market revenue growth. Spatial tissue analysis is one of the most fascinating fields of biological research right now, and it goes well beyond the basic tissue pathology that is routinely used in clinical practice. Many firms are investigating high multiplex techniques, which combine and image tens or hundreds of probes to provide a more comprehensive nucleic acid or protein profile. www.emergenresearch.com
Market Summary Some Key Highlights From the Report • On 28 May 2021, following regulatory approval in the United States as a companion diagnostic to aid in the identification of Non-Small Cell Lung Cancer (NSCLC) patients who could be eligible for therapies with LUMAKRASTM (sotorasib), a recently approved therapy developed and marketed by Amgen Inc., QIAGEN N.V. announced the expansion of Companion Diagnostic (CDx) claims for the therascreen KRAS RGQ PCR Kit (therascreen KRAS Kit). The consumables segment is expected to account for the largest revenue share during the forecast period which is attributed to a recurrent need for consumables as well as research and increased production for generating innovative reagents as well as other consumables. Sakura Finetek USA, Inc., for example, announced a significantly expanded reagent and consumables Catalog for the Tissue-Tek Genie Advanced Staining System on 30 October 2020. The Immunohistochemistry (IHC) segment is expected to account for the largest revenue share during the forecast period owing to the rising frequency of cancer diagnosis, favorable reimbursement policies for IHC-based tests, and new advancements in IHC. Cell IDx, for example, announced the availability of new chromogenic multiplex IHC kits for manual staining of human FFPE tissue segments on 21 February 2020. • • Request Free Sample Copy@ https://www.emergenresearch.com/request-sample/1463 www.emergenresearch.com
Market Summary Emergen Research has segmented the global tissue diagnostics market on the basis of product, technology, disease, end-use, and region: Product Outlook (Revenue, USD Billion; 2019–2030) Consumables Instruments Technology Outlook (Revenue, USD Billion; 2019–2030) Immunohistochemistry (IHC) In Situ Hybridization (ISH) Digital Pathology & Workflow Management Special Staining End-Use Outlook (Revenue, USD Billion; 2019–2030) Hospitals Research Laboratories Pharmaceutical Companies Contract Research Organizations Others Read More@ https://www.emergenresearch.com/industry-report/tissue-diagnostics-market
Parameter Details Market Size Estimation Period 2022-2030 Base Year Considered 2021 Historical Data 2019-2020 Forecast Period 2022-2030 Quantitative Units Revenue in USD million & CAGR from 2020 to 2028 Segments Covered Types, Application, End-Users, Regions & more. MARKET Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil SEGMENTATION Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends Report Coverage Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa Customization Scope 10 hours of free customization & expert consultation Explore Different Purchase Options & Request for Discount to Avail New Year Discount Pricing and Purchase Options www.emergenresearch.com
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