Key players are engaged in the market are focusing on introducing new products and receiving product approvals from regulatory authorities. This is expected to drive the market growth over the forecast period.
For instance, in September 2020, F. Hoffmann-La Roche Ltd, a Switzerland-based healthcare company received the U.S. Food and Drug Administration (FDA) approval for use of CINtec PLUS Cytology for screening of cervical cancer in women who are positive for Human Papillomavirus (HPV).
Moreover, in January 2021, OptraSCAN, a digital pathology solution provider headquartered in California introduced a Digital Cytology Imaging solution that will help in quick scanning and analysing of cytology slides using their next-generation smart scanner – OS-SiA.
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Global Histology and Cytology Market – Impact of Coronavirus (Covid-19) Pandemic
COVID-19 outbreak was first reported on December 31, 2019 in Wuhan, China. According to the Coronavirus (COVID-19) Weekly Epidemiological Update by the World Health Organization, over 193 million cases and 4.1 million deaths due to Coronavirus (COVID-19) were reported up till July 25, 2021 across the globe.
The COVID-19 pandemic has negatively affected several markets across the globe but is expected to fuel the demand and supply in global histology and cytology market, owing to need of histology and cytology diagnostic tools for studying the severity of COVID-19 infection during the COVID-19 outbreak.
For instance, according to an article published in the Elsevier Public Health Emergency Collection Journal in December 2020, various advancements have been made in the field of histology to enable proper diagnosis and prognosis of COVID-19 infection as well as establish its relationship with other comorbid conditions such as ovarian cancer, breast cancer, and others. Whole slide imaging using digital pathology solutions and smartphone microscopy are some of the digital advancements used during COVID-19 outbreak globally.
Key players involved in the market are focusing on adopting inorganic growth strategies such as mergers, collaborations, partnerships, and acquisitions, in order to expand their position in the global market. For instance, in September 2020, Cernostics, a U.S.-based diagnostic company entered into a strategic collaboration with Deciphex, an Ireland based digital pathology solution provider to evaluate the potential use of artificial intelligence (AI)-based image analysis tool for early detection of cancer by scanning the histology images of esophageal tissue from patients suffering from Barrett’s syndrome.
Key Takeaways of the Global Histology and Cytology Market:
- The global histology and cytology market is expected to exhibit a CAGR of 13.35% over the forecast period, owing to growing launches and regulatory approvals of products. For instance, in April 2019, Hologic, Inc., a U.S.-based medical device company received European CE mark for its ThinPrep Genesis processor, which is used for automation of cytology slide and molecular test preparation thus reducing manual sample handling.
- Among examination type, cytology segment is expected to account for largest market share over the forecast period, owing to growing launch of new product. For instance, in March 2018, Becton, Dickinson and Company, a U.S.-based medical technology company launched its BD SurePath Direct to Slide, a liquid based cytology test used for detection of pre-cancerous lesions, cervical cancer, atypical cells, and others.
- Key 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.
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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 (2017-2022)
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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