According to the new market research report "Tissue Diagnostics Market by Product (Antibodies, Kits, Slide Staining System, Tissue Processing System), Technology (ISH, IHC, Special Staining), Disease (Breast Cancer, NSCLC, Lymphoma), End User (Hospitals, Research Laboratories) Region - Global Forecast to 2027"

The global tissue diagnostics market in terms of revenue was estimated to be worth $5.3 billion in 2022 and is poised to reach $7.3 billion by 2027, growing at a CAGR of 6.6% from 2022 to 2027.

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Driver: Rising prevalence of cancer
Cancer is a complex disease that develops through the multi-stage carcinogenesis process involving multiple pathways. As a result, there are various hurdles associated with a cancer diagnosis, prognosis, and therapy. According to the WHO, one-fifth of all cancers worldwide are caused by chronic infectious agents, for instance, hepatitis B virus, HIV, HPV, and Helicobacter pylori. According to GLOBACON, cancer prevailed among 37.4 million (including 18.1 nonmelanoma skin cancer) population and accounted for 19.9 (including 9.9 nonmelanoma skin cancer) million deaths in 2020. The increase in the incidence of cancer can be attributed to the growing geriatric as well as the total population.

Market key Players

Some of the major players operating in the tissue diagnostics market are F. Hoffmann-La Roche Ltd. (Switzerland), Danaher Corporation (US), Thermo Fisher Scientific, Inc (US), Abbott (US), Agilent Technologies Inc. (US), Merck KGAA (Germany), SAKURA FINETEK JAPAN CO., LTD (Japan), Abcam Plc. (UK), Becton, Dickinson and Company (BD) (US), Bio SB (US), Biogenix (US), Cell Signaling Technology, Inc (US), Histo-Line Laboratories (Italy), SLEE Medical GMBH (Germany), and Hologic Inc. (US)

Report Objectives

• To provide detailed information regarding the major factors (such as drivers, restraints, opportunities, and challenges) influencing the market growth
• To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To strategically analyze the market structure and profile the key players of the market and comprehensively analyze their core competencies
• To forecast the size of the market segments with respect to four regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East Africa)

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