Tissue Diagnostics Market estimated to be growing at a CAGR of 6.9% by 2023 | Major Key Players are Roche AG, Sigma-Aldrich, Abbott Laboratories, Agilent Technologies, BioGenex, Danaher Corp, Cell Signaling Technology and Ventana Medical Systems

Tissue diagnostics Market Overview:

Tissue-based diagnostic tests are performed for screening, diagnosing, and monitoring the response of cancer patients to therapy. The scope of the tissue diagnostics market includes major technologies like ISH, IHC, digital pathology and workflow, and special staining; and products like instruments and consumables that are used to determine medical information for the diagnosis of diseases or conditions.

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Tissue Diagnosis technique is said to be one of the gold standards set in cancer diagnosis and is the crucial driver in the market. The limited customer base for tissue diagnostics, limited budget issues and regulatory framework issues are the factors hindering the growth of the market. Tissue-based diagnosis technique helps to determine the cause and effect of the disease in a patient. Due to unhealthy lifestyles of the population, the rate of cancer incidences is growing each year and so is driving the market for tissue-based diagnosis. Cancer diagnosis at early stages and treatment will lead to better chances of survival and the market for diagnostics will show significant growth by forcing labs to increase efficiency in the diagnosis process to maximize health securities in patients.

Tissue Diagnostics Market Forecast Report (2018-2023):

Tissue diagnostics Market was worth USD 3.66 billion in 2018 and estimated to be growing at a CAGR of 6.9%, to reach USD 5.11 billion by 2023.

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Tissue Diagnostics Market Segmentation:

The Global market for Tissue diagnostics is broadly categorized into product type, application, disease and end user. By product type, the market is segmented into Instruments and consumables. By application, the market is classified into Hematoxylin and eosin, Immunohistochemistry and in situ hybridization. By disease, the market is analyzed under Lung cancer, lymphoma, pancreatic cancer, breast cancer and others. By end user, the market is classified into Hospitals, diagnostic laboratories, research organizations, contract research organizations and biotechnology companies.

On the basis of geography, the market is analyzed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Tissue diagnostics market was dominated by North America followed by Europe. Asia Pacific is expected to grow at a high CAGR.

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Major Players:

The key market players In tissue diagnostic market are F. Hoffmann-La Roche AG, Sigma-Aldrich Co. LLC, Abbott Laboratories, Agilent Technologies, BioGenex, Danaher Corporation, Cell Signaling Technology and Ventana Medical Systems.

Key Developments in the Market:

September 9, 2018 - Lunaphore Technologies SA, a Swiss Company developing innovative next-generation devices for cancer tissue diagnostics, and A. Menarini Diagnostics S.r.l., one of Europe’s leading diagnostic solution providers and part of the Menarini Group, jointly announce the start of a strategic partnership bringing to the market a new and innovative system, using Lunaphore’s technology. LabSat™ Frozen is an ultra-rapid automated tissue staining solution performing immunohistochemistry (IHC) assays in a few minutes.

The scope of the report:

1. Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the untapped regions.
2. The segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
3. Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
4. Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economic, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
5. Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
6. A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
7. Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
8. An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

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