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(ARABNEWSWIRE.COM, March 05, 2018 ) The Global Immunohistochemistry Market was worth USD 1.52 billion in 2016 and estimated to be growing at a CAGR of 7.4%, to reach USD 2.18 million by 2021.
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The market is showcasing significant potential during the mentioned forecasting period. It will continue to grow with the recent developments in medical sector.
Immunohistochemistry, is a staining procedure done on a fresh or stored cancer tissue which is removed during biopsy. IHC is used to detect if the cancer cells have hormone receptors on their surface. IHC is majorly used for diagnosis of cancers, especially tumour antibodies.
Rising incidences of cancer and increasing geriatric population around the world are some major drivers for the growth of the immunohistochemistry market. Other factors which fuel the market growth are increasing expenditure on healthcare and improving healthcare infrastructure thus leading to more and more number of hospitals and diagnostic laboratories day by day.
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The Global Immunohistochemistry market is broadly categorized on the basis of Product into Antibodies, Reagents, Equipment and Kits. On the basis of Application, the market is segmented as Diagnostics and Drug Testing. The diagnostics segment is sub-segmented into Cancer, Infectious Diseases, and Cardiovascular diseases, Autoimmune Diseases, Diabetes mellitus and Nephrological Diseases. Further on the basis of End User, the market is segmented into Hospitals and Diagnostic Laboratories and Research Institutes. The immunohistochemistry antibody segment accounted for the largest share of immunohistochemistry market, by product while hospitals and diagnostic laboratories segment led the market in end users.
On the basis of region the global market is segmented into North America, Asia-Pacific, Europe, Latin America and Middle-East and Africa. The market is led by North America because of advancement in biotech market and commercialization. However, Asia-Pacific is expected to have highest CAGR during the forecasting period.
The major players dominating the immunohistochemistry market are F. Hoffmann-La Roche AG, Danaher Corporation, Agilent Technologies, Inc., Thermo Fisher Scientific Inc., Merck Millipore, Bio-Rad Laboratories, Inc., PerkinElmer, Inc., Abcam plc, Cell Signaling Technology, Inc., and Bio SB Inc.
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Immunohistochemistry Market Segmentation:
Y-o-Y Growth Analysis, By Product
Market Attractiveness Analysis, By Product
Market Share Analysis, By Product
Y-o-Y Growth Analysis, By Application
Market Attractiveness Analysis, By Application
Market Share Analysis, By Application
Hospitals and Diagnostics Laboratories
Y-o-Y Growth Analysis, By End Users
Market Attractiveness Analysis, By End Users
Market Share Analysis, By End Users
The scope of the report:
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 regions that are still untapped
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
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
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
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
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
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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