Overview and Scope
Histology equipment refers to a range of specialized tools and machines used in the study and analysis of biological tissues. Histology, a branch of biology, involves the microscopic examination of tissue samples to understand their structure and function. This equipment is essential for preparing, processing, staining, and analyzing tissue specimens to facilitate the diagnosis of diseases, research, and educational purposes.
Sizing and Forecast
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 in the historic period can be attributed to the high prevalence of chronic diseases, increased healthcare expenditure, technological innovations 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 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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Segmentation & Regional Insights
The histology equipment market covered in this report is segmented –
1) By Type: Slide Staining Systems, Scanners, Tissue Processing Systems, Microtomes, Coverslippers, Other Types
2) By Product: Instruments And Analysis Software System, Consumable And Reagents
3) By Application: Hospitals, Pharmaceutical Companies, Diagnostic Centers, Academic Institutes, Research Laboratories, Other Applications
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.
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Major Driver Impacting Market Growth
The rising burden of cancer is expected to propel the growth of the histology equipment market going forward. Cancer refers to a condition where abnormal cells grow and spread uncontrollably, potentially leading to death if untreated. The rise in cancer cases is multifactorial, involving both modifiable lifestyle factors and non-modifiable biological and demographic factors. Histology equipment helps to diagnose and study cancer by enabling detailed tissue examination, helping to identify cancer types and stages, and guiding treatment. For instance, in August 2023, according to the Australian Institute of Health and Welfare, an Australia-based government administration for health, in 2021, it is projected that 151,000 individuals will 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. Moreover, by 2031, the number of new cancer cases is anticipated to rise to 185,000. Therefore, the rising burden of cancer is driving the histology equipment market.
Key Industry Players
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.
The histology equipment market report table of contents includes:
- Executive Summary
- Histology Equipment Market Characteristics
- Histology Equipment Market Trends And Strategies
- Histology Equipment Market – Macro Economic Scenario
- Global Histology Equipment Market Size and Growth
…………
- Global Histology Equipment Market Competitive Dashboard
- Key Mergers And Acquisitions In The Histology Equipment Market
- Histology Equipment Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Histology Equipment Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Histology Equipment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Histology Equipment Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…………..
Table 74: Thermo Fisher Scientific Inc. Financial Performance
Table 75: Roche Diagnostics International Ltd Financial Performance
Table 76: Agilent Technologies Inc. Financial Performance
Table 77: Hologic Inc. Financial Performance
Table 78: Leica Microsystems Nussloch GmbH Financial Performance
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