The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Tissue Diagnostic Global Market Report 2023, the tissue diagnostic market is expected to show significant growth in the forecast period.

Key insights from the tissue diagnostic market forecast include:

1. Market Size

The global tissue diagnostic market size grew from $4.59 billion in 2022 to $4.95 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The tissue diagnostic market size is expected to grow to $6.74 billion in 2027 at a CAGR of 8.0%. North America was the largest region in the tissue diagnostic market in 2022.

2. Major Driver

The rising incidence of cancer will propel the growth of the tissue diagnostics market during the forecast period. Cancer begins when genetic changes interfere, and cells start to grow uncontrollably and destroy body tissue and form a mass called a tumor. A tumor can be cancerous or benign. Cancer can be caused due to various reasons such as genetic mutations, cancer-causing chemicals (carcinogens), smoking, obesity, radiation, hormones, and others. As the instances of occurring cancer increase, there will be a significant need for diagnostic procedures such as tissue diagnostics help in determining the disease state. For instance, according to the US voluntary health organization dedicated to eliminating cancer, the American Cancer Society, in the USA, there were expected to be 1.8 million new cancer cases identified and 606,520 cancer deaths in 2020, and the number was expected to increase to 1.9 million new cancer cases diagnosed and 608,570 cancer deaths in 2021. Therefore, the rising incidence of cancer drives the tissue diagnostics market.

View More On The Tissue Diagnostic Market Report 2023 – https://www.thebusinessresearchcompany.com/report/tissue-diagnostic-global-market-report

3. Key Trend

Technological advancement is a key trend gaining popularity in the tissue diagnostics market. Technological advancements include the introduction of automated tissue diagnostic devices/machines that collect multiple sample types, test multiple samples simultaneously, automate lab operations, and make them accessible to everyone. Key players are focused on developing and offering these automated tissue diagnostic systems to gain a competitive edge in the market and increase revenue. For instance, in July 2020, Mylab Discovery Solutions, an Indian molecular diagnostics company introduced Compact XL – Lab in a Box, India’s first fully automated Sample-to-PCR-ready system for molecular diagnostics. The new system automates lab operations from sample handling to RT-PCR ready tube preparation and does these operations in one single compact benchtop system. The system can collect various types of samples such as tissue, plasma, swabs, and sputum.

4. Major Players

Major players in the tissue diagnostic market are Roche, Danaher, Thermo Fisher Scientific, Abbott, Agilent Technologies, Hologic, Qiagen, Bio Rad, BD, Genemed Biotechnologies Inc., Siemens, Merck KGaA, Cell Signaling Technology Inc., and Cellpath Ltd.

5. Top Market Segments

The global tissue diagnostic market 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

Request A Sample Of The Global Tissue Diagnostic Market Report 2023:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6505&type=smp

The Tissue Diagnostic Global Market Report 2023  provides an in-depth analysis on the tissue diagnostic market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the tissue diagnostic market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Cell Culture Global Market Report 2023
Biotechnology Services Global Market Report 2023
Surgical Sealants And Adhesives Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model