Market Size –
The histology and cytology market size has grown rapidly in recent years. It will grow from $15.29 billion in 2023 to $17.12 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to the high prevalence of chronic diseases, increasing healthcare expenditure, technological innovations in imaging, expansion of research activities, and the aging global population.
The histology and cytology market size is expected to see rapid growth in the next few years. It will grow to $27.19 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. 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 And Cytology 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 And Cytology Market Overview
Market Drivers –
The increasing prevalence of cancer is expected to propel the growth of the histology and cytology market going forward. Cancer is a broad group of diseases characterized by the uncontrolled growth and spread of abnormal cells in the body. These cells can invade and destroy normal tissue, and they have the potential to spread to other parts of the body (metastasis). The prevalence of cancer is due to several factors, such as the aging population, poor diet, lack of physical activity, excessive alcohol consumption, industrial pollutants, and inherited genetic mutations. Histology and cytology are essential throughout the cancer care continuum, from initial diagnosis and treatment planning to monitoring response, crucially impacting patient outcomes in oncology. For instance, in May 2021, according to the National Library of Medicine, a US-based medicine library, the number of cancer cases worldwide is predicted to reach 28.4 million in 2040, up 47% from 2020, with an elevated death toll. Therefore, the increasing prevalence of cancer drives the histology and cytology market.
Market Trends –
Major companies operating in the histology and cytology market are focused on developing advanced technology, such as high-speed cell imaging, to sustain their position in the market. High-speed cell imaging captures rapid cellular processes with high temporal resolution, which is essential for studying dynamic events such as cell division, intracellular transport, signaling dynamics, and cell-environment interactions. For instance, in June 2022, Becton, Dickinson, and Company, a US-based medical device company, launched a new cell sorting device with two innovative technologies that let scientists find more specific cell data previously unobservable in conventional flow cytometry tests. This innovative device combines spectral detection with high-speed imaging, allowing real-time analysis of multiple cell characteristics. It enhances precision by discerning subtle differences in cellular properties, such as fluorescence intensity and emission spectra, which are crucial for accurately sorting heterogeneous cell populations. This breakthrough promises to accelerate biomedical discoveries, advance cell-based therapies, and enable personalized medicine by providing unparalleled insights into complex cellular behaviors and interactions in unprecedented detail.
The histology and cytology market covered in this report is segmented –
1) By Product: Instruments And Analysis Software System, Consumable And Reagents
2) By Test Type: Microscopy Methods, Flow Cytometry, Molecular Genetic Methods
3) By Application: Drug Discovery And Designing, Clinical Diagnostics, Academic Research
4) By End User: Pharma And Biotech Companies, Contract Development And Manufacturing Organizations (CDMO), Diagnostic Laboratories, Other End Users
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Regional Insights –
North America was the largest region in the histology and cytology market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the histology and cytology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the histology and cytology market are Thermo Fisher Scientific Inc., Roche Diagnostics International Ltd., Agilent Technologies Inc., Hologic Inc., Leica Microsystems Nussloch GmbH, Cole-Parmer Instrument Company LLC, Sakura Finetechnical Company Ltd., Biogenex Laboratories Inc., StatLab Medical Products Inc., Biocare Medical LLC, Andwin Scientific, A. Menarini Diagnostics S.r.l, Milestone Medical Inc., Diapath S.p.A., PolyScience Inc., CellPath USA, Medite Medical GmbH, Histo-Line Laboratories s.r.l., Hacker Instruments & Industries Inc., Amos Scientific Pty. Ltd., TissueGnostics GmbH, Konfoong Bioinformation Tech Co. Ltd., Labstac USA, Intelsint Srl
Table of Contents
1. Executive Summary
2. Histology And Cytology Market Report Structure
3. Histology And Cytology Market Trends And Strategies
4. Histology And Cytology Market – Macro Economic Scenario
5. Histology And Cytology Market Size And Growth
…..
27. Histology And Cytology Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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