The histology equipment market size is expected to see steady growth in the next few years. It will grow to $0.78 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The anticipated growth in the forecast period is driven by the increasing prevalence of cancer, rising demand for personalized medicine, growing healthcare infrastructure in emerging markets, advancements in imaging techniques, expanding geriatric population, and heightened research and development activities in life sciences. Key trends expected during the forecast period include the increasing adoption of automation, rising demand for digital pathology, growth in personalized medicine, advancements in tissue staining technologies, expansion of oncology research, a focus on workflow efficiency, and higher investments in laboratory infrastructure.
The increasing burden of cancer is expected to drive the growth of the histology equipment market in the future. Cancer refers to a condition where abnormal cells grow and spread uncontrollably, potentially leading to death if untreated. The rise in cancer cases is due to multiple factors, including modifiable lifestyle choices and non-modifiable biological and demographic factors. Histology equipment aids in diagnosing and studying cancer by enabling detailed tissue examination, identifying cancer types and stages, and guiding treatment. For example, in August 2023, the Australian Institute of Health and Welfare, a government health administration in Australia, reported that in 2021, approximately 151,000 individuals were projected to be diagnosed with cancer, excluding basal cell carcinomas (BCC) and squamous cell carcinomas (SCC) of the skin, with 49,000 expected to die from the disease. Furthermore, by 2031, the number of new cancer cases is anticipated to increase to 185,000. Therefore, the rising burden of cancer is driving the histology equipment market.
Major companies in the histology equipment market are concentrating on developing advanced solutions, such as next-generation slide scanners, to enhance the accuracy and efficiency of cancer diagnosis. These next-generation slide scanners are sophisticated imaging tools designed to digitally capture detailed images of stained histology slides from patient tissue samples, boasting enhanced features and capabilities over previous models. For example, in June 2022, Roche, a pharmaceutical company based in Switzerland, introduced the VENTANA DP 600 slide scanner. This next-generation slide scanner delivers superior image quality for stained histology slides from patient tissue samples, featuring high capacity, a user-friendly interface, and adaptability to pathology lab workflows. These attributes provide critical digital images necessary for diagnosing cancer and informing treatment decisions.
In March 2024, StatLab Medical Products, a laboratory equipment company based in the US, acquired Poly Scientific R&D for an undisclosed amount. This acquisition also included Poly Scientific's subsidiary, Histology Control Systems, Inc., allowing StatLab to enhance its manufacturing capacity and expand its market reach by incorporating Poly Scientific's tissue control products. Poly Scientific R&D Corp. is a US-based company that produces chemicals, stains, and reagents for histology, cytology, microbiology, and other items used in in-vitro diagnostic testing.
Major companies operating in the histology equipment 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, Covaris Inc., A. Menarini Diagnostics S.r.l, Diapath S.p.A., PolyScience Inc., CellPath USA, Medite Medical GmbH, Hacker Instruments & Industries Inc., Amos Scientific Pty. Ltd., TissueGnostics GmbH, Konfoong Bioinformation Tech Co. Ltd (KFBIO), Labstac USA, Intelsint Srl, Milestone Medical Inc., Histo-Line Laboratories s.r.l.
North America was the largest region in the histology equipment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the histology equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the histology equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Histology equipment encompasses a variety of specialized tools and machines utilized in the study and analysis of biological tissues. Histology, a branch of biology, involves examining tissue samples microscopically to comprehend their structure and function. This equipment is crucial for preparing, processing, staining, and analyzing tissue specimens, aiding in disease diagnosis, research, and educational endeavors.
The primary types of histology equipment include slide staining systems, scanners, tissue processing systems, microtomes, coverslippers, and more. The product categories comprise instruments and analysis software systems, consumables, and reagents. These tools are employed by hospitals, pharmaceutical companies, diagnostic centers, academic institutions, research laboratories, and other entities.
The histology equipment market research report is one of a series of new reports that provides histology equipment market statistics, including histology equipment industry global market size, regional shares, competitors with a histology equipment market share, detailed histology equipment market segments, market trends and opportunities, and any further data you may need to thrive in the histology equipment industry. This histology equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The histology equipment market consists of sales of auto stainers, paraffin dispensers, water baths, and cryostats. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Histology Equipment Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on histology equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for histology equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The histology equipment market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Slide Staining Systems; Scanners; Tissue Processing Systems; Microtomes; Coverslippers; Other Types2) By Product: Instruments And Analysis Software System; Consumable And Reagents
3) By Application: Hospitals; Pharmaceutical Companies; Diagnostic Centers; Academic Institutes; Research Laboratories; Other Applications
Key Companies Mentioned: Thermo Fisher Scientific Inc.; Roche Diagnostics International Ltd; Agilent Technologies Inc.; Hologic Inc.; Leica Microsystems Nussloch GmbH
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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
- Covaris Inc.
- A. Menarini Diagnostics S.r.l
- Diapath S.p.A.
- PolyScience Inc.
- CellPath USA
- Medite Medical GmbH
- Hacker Instruments & Industries Inc.
- Amos Scientific Pty. Ltd.
- TissueGnostics GmbH
- Konfoong Bioinformation Tech Co. Ltd (KFBIO)
- Labstac USA
- Intelsint Srl
- Milestone Medical Inc.
- Histo-Line Laboratories s.r.l.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | August 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 0.65 Billion |
Forecasted Market Value ( USD | $ 0.78 Billion |
Compound Annual Growth Rate | 4.6% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |