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How has the tissue diagnostic market size evolved in recent years?

In recent times, the size of the tissue diagnostic market has seen rapid expansion. The market is expected to inflate from $5.77 billion in 2024 to $6.44 billion in 2025, marking a compound annual growth rate (CAGR) of 11.5%. The historical growth of this market can be traced back to factors such as an aging population, increased incidences of cancer, advances in technology, heightened disease awareness, and improved efficiency in pathology workflows.

What are the predictions for the tissue diagnostic market size in the coming years?

The market size for tissue diagnostics is anticipated to witness a swift expansion in the forthcoming years. The value is projected to reach $10.67 billion by 2029, with a compound annual growth rate (CAGR) of 13.5%. This growth during the forecast period is likely driven by factors such as advancements in personalized medicine, the increasing prevalence of liquid biopsies, the rise in the use of AI and machine learning, telepathology development, and the use of minimally invasive techniques. Key trends for the estimated period encompass digital pathology, the use of artificial intelligence (AI), services in telepathology, multiplex staining and imaging, and the incorporation of genomic data.

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What key factors are fueling the growth of the tissue diagnostic market?

The escalating prevalence of cancer is anticipated to spur the expansion of the tissue diagnostic market throughout the projected period. The inception of cancer emanates from genetic alterations that cause cells to multiply uncontrollably, damaging bodily tissue and forming a lump known as a tumor, which could be malignant or benign. Numerous factors can trigger cancer, including genetic mutations, carcinogens, smoking, obesity, radiation, hormones, amongst others. With the surging cases of cancer, there will be a substantial demand for diagnostic procedures like tissue diagnostics to ascertain the extent of the disease. For example, the World Health Organization, a United Nations agency based in Switzerland, approximated in February 2024 that over 35 million new cancer cases are expected in 2050, indicating a 77% surge from the roughly 20 million cases estimated in 2022. Consequently, the escalating prevalence of cancer is fuelling the expansion of the tissue diagnostic market.

How is the global tissue diagnostic market divided into key segments?

The tissue diagnostic market covered in this report is segmented –

1) By Product: Consumables, Antibodies, Kits, Reagents, Probes, Instruments, Slide Staining System, Scanner, Tissue Processing system

2) By Technology: Immunohistochemistry (IHC), In Situ Hybridization (ISH), Digital Pathology And Workflow Management, Special Staining

3) By Disease: Breast Cancer, Gastric Cancer, Lymphoma, Prostate Cancer, Non-Small Cell Lung Cancer (NSCLC)

4) By End User: Hospitals, Research Laboratories, Pharmaceutical Companies, Contract Research Organizations

Subsegments:

1) By Consumables: Biopsy Needles, Slides And Cover Slips, Tissue Embedding Materials

2) By Antibodies: Primary Antibodies, Secondary Antibodies, Monoclonal Antibodies, Polyclonal Antibodies

3) By Kits: Diagnostic Kits, Assay Kits, Staining Kits

4) By Reagents: Fixatives, Staining Reagents, Antigen Retrieval Solutions

5) By Probes: Fluorescent Probes, Molecular Probes, Hybridization Probes

6) By Instruments: Microscopes, Tissue Microarray Instruments, Laser Capture Microdissection Instruments

7) By Slide Staining System: Automated Stainers, Manual Staining Systems

8) By Scanner: Digital Slide Scanners, Whole Slide Imaging Systems

9) By Tissue Processing System: Tissue Processors, Embedding Centers, Microtomes

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Who are the key firms paving the way for growth in the tissue diagnostic market?

Major companies operating in the tissue diagnostic market include F. Hoffmann-La Roche Ltd., Danaher Corporation, Thermo Fisher Scientific Inc., Abbott Laboratories, Agilent Technologies Inc., Merck KGaA, BioGenex Laboratories, Sakura Finetek Co. Ltd., Philips Healthcare NV, Bio-Rad Laboratories, Ventana Medical Systems Inc., Hologic Inc., Becton Dickinson and Company, Sysmex Corporation, Cell Signaling Technology Inc., Enzo Life Sciences Inc., Epitomics Inc., Fluidigm Corporation, GE Healthcare Technologies Inc., Genomic Health Inc., Illumina Inc., Leica Microsystems GmbH, Menarini Diagnostics S.r.l, Myriad Genetics Inc., NanoString Technologies Inc., PerkinElmer Inc., QIAGEN N.V., Siemens Healthineers AG, Zeiss Group AG, CytomX Therapeutics Inc.

Which trends are expected to transform the tissue diagnostic market?

The growth in the tissue diagnostic market hinges on the burgeoning trend of product innovation. This includes the design and launch of novel products and solutions that allow for diverse sample collection, simultaneous testing of several samples, laboratory automation, and public access. Major market players are inclined towards creating and supplying these automated tissue diagnostic systems to retain their market lead and bolster their revenue stream. For instance, Roche, a healthcare firm based in Switzerland, in June 2022 unveiled the Benchmark ULTRA PLUS system dedicated to cancer diagnostics. This tissue staining system, equipped with a more streamlined workflow, enhanced testing efficiency, and features that respect the environment, allows pathologists to deliver high-grade, time-sensitive results to clinicians and patients. The system sports several innovative attributes like the latest intuitive software, remote supervision mechanisms, a built-in touchscreen for an improved user interaction, and a waste system and product packaging that are more eco-friendly.

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What regions are contributing significantly to the growth of the tissue diagnostic market?

North America was the largest region in the tissue diagnostic market in 2024. The regions covered in the tissue diagnostic market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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