Wednesday, 4 December 2019

MARKET Drivers OF GLOBAL TISSUE DIAGNOSTICS MARKET

Market Analysis: Global Tissue Diagnostics Market 
Global Tissue Diagnostics Market is expected to rise from its initial estimated value of USD 3.94 billion in 2018 to an estimated value of USD 6.87 billion by 2026, registering a CAGR of 7.2% in the forecast period of 2019-2026. This market value can be attributed to the increasing number of cancer cases which is one of the major applications of tissue diagnostics.
Global Tissue Diagnostics Market, By Product (Consumables, Instruments), By Technology (Immunohistochemistry, In Situ Hybridization, Digital Pathology & Workflow Management, Special Staining), By Disease (Breast Cancer, Gastric Cancer, Lymphoma, Prostate Cancer, Non-Small Cell Lung Cancer, Other Diseases), End-User (Hospitals, Pharmaceutical Companies, Research Laboratories, Diagnostic Centers, Ambulatory Surgical Centers, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends & Forecast to 2026
Market Drivers:
  • Increasing number of cancer cases worldwide increasing the need for better diagnostic applications and technology is expected to drive the market growth
  • Increased healthcare expenditure is also expected to drive the market growth
Market Restraints:
  • High cost of these systems and lack of penetration in developing countries due to this factor is expected to restrain the market growth
  • Presence of strict regulatory framework and regulations in working by the authorities is also expected to act as a restraint for the market growth
Key Developments in the Market:
  • In November 2015, Merck KGaA announced that they had completed the acquisition of Sigma-Aldrich, positively impacting the market share of life sciences and diagnostic profile of Merck KGaA.
  • In January 2015, Abcam plc. announced the acquisition of Firefly BioWorks, expanding the kits and assays business of Abcam plc.
Competitive Analysis: Global Tissue Diagnostics Market 
Global tissue diagnostics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tissue diagnostics market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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