Histology Equipment Global Market Report 2024

The histology equipment market size has grown steadily in recent years. It will grow from $0.62 billion in 2023 to $0.65 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth during the historical period can be attributed to the high prevalence of chronic diseases, increased healthcare expenditure, technological advancements in imaging, expansion of research activities, and the aging global population.

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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