Histology and cytology market is predicted to witness a healthy CAGR during the forecast period. Several factors are enhancing the growth of this segment, including increased awareness about cancer, growth of low and middle-income countries, technological developments, and favorable reimbursement policies. These trends are influencing the adoption of various histological methods. Each of them is crucial to the diagnosis of cancer.
Molecular diagnostics and immunohistochemistry are newer techniques in the field of cytology and histology. Although their use is becoming widespread in the field of infectious diseases, routine histological identification of pathogens is not considered to be a suitable replacement for microbiologic culture. Instead, the rapid development of newer technologies and advances in imaging techniques has helped the histology and cytology market flourish.
The global histology and cytology market is estimated to be valued at US$ 16,253.0 million in 2021 and is expected to exhibit a CAGR of 13.35% over the forecast period (2021-2028).
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The growing prevalence of cancer and infectious diseases such as tuberculosis, smallpox, Human papilloma virus (HPV) infection, and others is projected to augment growth of the global histology and cytology market over the forecast period.
For instance, according to the statistics provided by the World Health Organization (WHO), in 2018, around 570,000 women suffered from cervical cancer, while around 311,000 women died from cervical cancer, globally.
Furthermore, according to the American Cancer Society’s (ACS) publications, Cancer Facts & Figures 2021, it is estimated that around 14,480 women would be diagnosed with invasive cervical cancer in the U.S. in 2021 while the number of deaths caused due to cervical cancer is estimated to be 4,290 for the year 2021.
Moreover, according to the statistics provided by the National Institute of Cancer (NIC), U.S., in 2018, the incidence rate of cervical cancer was found to be 7.5 per 100,000 women per year, and around 293,394 women suffered from cervical cancer in the U.S in 2018.
The increasing adoption of automation technology in histology and cytology is expected to drive the market growth over the forecast period.
For instance, in September 2018, Koninklijke Philips N.V., a Netherland-based health technology provider launched a new version of its computational pathology software, Tissue Mark. The older version of Tissue Mark was limited to use in lung histology, lung cytology, colon, and breast tissue sample study, while the new version can also be used in automated detection of ovarian and prostate tumor within 60 seconds.
The growing number of product launches and approvals is projected to drive the market growth over the forecast period.
For instance, in January 2021, Biocare Medical LLC, a U.S.-based medical diagnostic solution provider launched ONCORE Pro, a fully automated slide staining platform used for applications in in-situ hybridization (ISH) and immunohistochemistry (IHC), two diagnostic techniques used in histology.
Global Histology and Cytology Market – Impact of Coronavirus (Covid-19) Pandemic
Coronavirus (COVID-19) outbreak was first reported on December 31, 2019, in Wuhan, China. The World Health Organization declared COVID-19, as pandemic on March 11, 2020. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 193,657,725 cases and 4,154,660 deaths due to coronavirus disease (COVID-19) were reported till July 25, 2021, across the globe.
The COVID-19 pandemic and lockdown in various countries across the globe has negatively impacted the financial status of businesses across all sectors. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry mainly due to strict lockdown in several regions. However, COVID-19 pandemic is expected to have a positive impact on histology and cytology market in this COVID-19 pandemic, owing to partnerships between market players to develop novel methods for histological studies in COVID-19 infection, in order to understand the nature of the disease and assess its severity.
For instance, in September 2020, HistoWiz, Inc., a U.S.-based biotechnology company entered into a partnership with GeneTex, Inc., a U.S.-based biotechnology company to establish a number of validated antibodies for application in immunohistochemistry using human COVID-19 infected tissue sample.
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Major players operating in the global histology and cytology market include Abbott, Hologic Inc., Becton, Dickinson and Company, Southwest Precision Instruments, LLC, F. Hoffmann-La Roche Ltd, Sysmex Corporation, Thermo Fisher Scientific Inc., Danaher, Life Technologies Corporation, Merck KGaA, Koninklijke Philips N.V., Perkin Elmer, and Trivitron Healthcare.
Major Point cover in this Histology and Cytology Market report are: –
• Who are Opportunities, Risk and Driving Force of Histology and Cytology? Knows Upstream Raw Materials Sourcing and Downstream Buyers
• Who are the key manufacturers in space? Business Overview by Type, Applications, Gross Margin and Market Share
• What are the opportunities and threats faced by the vendors in the global Histology and Cytology Market?
• What will the Market growth rate, Overview and Analysis by Type of Histology and Cytology in 2028?
• What are the key factors driving, Analysis by Applications and Countries Global industry?
• What is Dynamics, This Overview Includes Analysis of Scope and price analysis of top Manufacturers Profiles?
Reasons to buy this Histology and Cytology Market Report
◘ Save time carrying out entry-level research by identifying the size, growth, and leading players in the emerging Histology and Cytology Market
◘ Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the emerging Histology and Cytology Market
◘ Leading company profiles reveal details of key Histology and Cytology Market players emerging five operations and financial performance
◘ Add weight to presentations and pitches by understanding the future growth prospects of the emerging Histology and Cytology Market with five year historical forecasts
◘ Compares data from North America, South America, Asia Pacific Europe and Middle East Africa, alongside individual chapters on each region
The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Histology and Cytology Market in 2028 is also explained. Additionally, type wise and application wise consumption tables and figures of Histology and Cytology Market are also given.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Histology and Cytology Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Histology and Cytology Industry Impact
Chapter 2 Global Histology and Cytology Competition by Types, Applications, and Top Regions and Countries
2.1 Global Histology and Cytology (Volume and Value) by Type
2.3 Global Histology and Cytology (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Histology and Cytology Sales, Consumption, Export, Import by Regions
Chapter 5 North America Histology and Cytology Market Analysis
Chapter 6 East Asia Histology and Cytology Market Analysis
Chapter 7 Europe Histology and Cytology Market Analysis
Chapter 8 South Asia Histology and Cytology Market Analysis
Chapter 9 Southeast Asia Histology and Cytology Market Analysis
Chapter 10 Middle East Histology and Cytology Market Analysis
Chapter 11 Africa Histology and Cytology Market Analysis
Chapter 12 Oceania Histology and Cytology Market Analysis
Chapter 13 South America Histology and Cytology Market Analysis
Chapter 14 Company Profiles and Key Figures in Histology and Cytology Business
Chapter 15 Global Histology and Cytology Market Forecast (2022-2028)
Chapter 16 Conclusions
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