The report on histopathology testing equipment market is an analytical research study providing various insights on the adoption and demand for histopathology testing equipment. Various intricacies circling the histopathology testing equipment market are also included in this research report. The histopathology testing equipment market research report provides assessment on various aspects influencing the sales of various histopathology testing equipment including drivers, trends, challenges and opportunities. The histopathology testing equipment market report includes historical analysis, current histopathology testing equipment scenario and forecast projections for a period of 10 years (2018-2028).
Global sales of histopathology testing equipment surpassed US$ 5,300 Mn in 2017, with consumables leading the growth, according to the findings of a recently published study by Fact.MR.
Rising incidences of cancer and associated mortalities are driving the need for efficient tissue diagnosis. Moreover, growing inclination toward less-invasive diagnostic procedures for cancer and other malignancies drove growth of histopathology testing equipment.
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The histopathology testing equipment market has been segmented in detail to cover every angle of the histopathology testing equipment market. The histopathology testing equipment market is segmented on the basis of product type, by application, by end user and by region. The product type category is further classified into instruments (tissue processors, slide stainers, cover slippers, microtome & cryostats, microscopes, and tissue embedding equipment) and consumables (reagents & antibodies, probes and kits). Histopathology testing equipment applications such as research applications, drug discovery and disease diagnostics are included in the application segment.
End users of histopathology testing equipment include hospital-based laboratories, diagnostic centers and research organizations. The histopathology testing equipment market has been analyzed across regions such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding China and Japan (APECJ), Japan, China and Middle East and Africa (MEA).
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Reagents and Antibodies to Spearhead Growth of Histopathology Testing Equipment Market
Sales of consumables in the histopathology testing equipment market are estimated to be on an upswing in 2018, says the report. The growth in sales of consumables is largely attributed to the increasing demand for reagents and antibodies. Increasing use of reagents and kits in genomics, sequencing and diagnosis of chronic diseases remains instrumental in driving their sales worldwide. Fact.MR envisages that demand for reagents and antibodies is projected to expand at a significant rate of over 5.5 % in the coming years.
The growth of histopathology testing equipment market is also influenced by macroeconomic aspects such as rising geriatric population. Increasing geriatric population is closely associated with chronic disorders and diseases, which is expected to push the demand for histopathology testing equipment worldwide.
Top 5 Players Account for Over 62% Revenue Share of the Histopathology Testing Equipment Market
The rapidly advancing diagnostics space has resulted in development of various companies involved in production of diagnostic equipment as well as distribution of testing apparatus and assemblies. The histopathology testing equipment market is no exception, wherein top five companies involved in the development of histopathology testing equipment account for a significant share of the overall market revenue. Top companies such as Thermo Fisher Scientific, Hoffman-la-Roche Ltd., Leica Biosystems, Agilent Technologies Inc., and Merck KGaA collectively account for a revenue share of over 62% in the histopathology testing equipment market.
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