Histology Equipment Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3808
Histology Equipment Market size is projected to experience significant growth from 2019 to 2025.
Growing number of cancer incidences and high demand for advanced diagnosis equipment will stimulate global histology equipment business growth in the forecast period. As per the Skin Cancer Foundation estimates, more than 192 thousand cases of melanoma will be diagnosed in U.S. by December 2019. Growing awareness among patients pertaining to skin diseases will further stimulate histology equipment market growth in the future.
Increasing sophistication and technological advancements in histology systems such as use artificial intelligence (AI) to carry out critical processes are expected to boost industry growth in the future. Moreover, integration of artificial intelligence with histology equipment offer various advantages including automated diagnosis and efficient image analysis. Above mentioned factors are expected to drive adoption rate of histology devices in laboratory diagnostics, thereby, leading to market growth in the future.
However, high cost of setting up a histology laboratory will hinder expansion of histology equipment market. Furthermore, stringent government regulations and lack of availability of skilled personnel to operate high-end devices may hamper the histology devices market in the future.
Instruments segment is expected to dominate the overall market across the forecast years. Various technological advances to offer enhanced & better insights during diagnosis will boost adoption rate of instrument segment. Additionally, increasing sophistication of histology equipment, launch of new products and growing incidences of melanoma will boost the segment growth.
Application of histology devices in diagnosis of various diseases is expected to show high growth over the forecast period. The equipment is widely used in diagnosis of various bacterial, fungal, viral and parasitic disorders coupled with . Moreover, increasing prevalence of chronic disorders and high demand for biopsies to gain useful insights during disease diagnosis will spur market growth over the projection timeframe.
Diagnostic centers segment is expected to show significant growth during the projected timeframe owing to increasing number of clinical autopsies. Clinical autopsy are used for diagnosis of infectious diseases due to various bacteria, viruses, helminths and protozoa. Additionally, growing investment for development of healthcare infrastructure will offer growth opportunities to drive the segmental growth.
North America histology equipment market will dominate the overall market during the forecast period due to growing number of skin cancer cases coupled with increasing prevalence of chronic disorders. For instance, as per the Skin Cancer Foundation estimates, about 4.3 million U.S. citizens are diagnosed by basal cell carcinoma annually. Increasing prevalence of skin related disorders will be the major factor leading to market growth.
Asia Pacific histology equipment market is estimated to witness lucrative growth over the forecast period due to growing prevalence of disease and improving infrastructural standards. Moreover, various market players are entering the untapped market of Asia Pacific region to explore new growth opportunities, thus leading to regional growth.
Few of the key companies operating in histology equipment market share include Agilent Technologies Inc., Biocare Medical, LLC., BioGenex, F. Hoffman-La-Roche, Intelsint Srl, Leica Biosystems Nussloch GmbH, Merck KGaA, Sakura Finetek, Ted Pella, Inc. and Thermo Fisher Scientific. The industry players focus on strategic initiatives such as new product launch and mergers and acquisitions to maintain their market position.
Histology Equipment Market by Product, 2014-2025 (USD Million)
- Tissue Processor Equipment
- Tissue Embedding Equipment
- Slide Strainers Systems
- Cover slipper Systems
- Microtome & Cryostat
- Reagents & antibodies
Histology Equipment Market by Application, 2014-2025 (USD Million)
- Drug Discovery
- Disease Diagnosis
- Research Application
Histology Equipment Market by End-use, 2014-2025 (USD Million)
- Hospitals and laboratories
- Diagnostic Centers
- Research Organizations
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- Agilent Technologies Inc.
- Biocare Medical, LLC.
- F. Hoffman-La-Roche
- Intelsint Srl
- Leica Biosystems Nussloch GmbH
- Merck KGaA
- Sakura Finetek
- Ted Pella, Inc.
- Thermo Fisher Scientific
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