Presence of key market players and advanced healthcare systems profit the tissue diagnostics market of North America
HYDERABAD, TELANGANA, INDIA, November 15, 2018 /EINPresswire.com/ — A tissue commonly is known, is a group or layer of cells which perform a particular function and comprise vital organic records. Tissue diagnostics involves removal of a small portion of tissue from the patient’s body, which is then processed, analyzed, and tested beneath the magnifier to notice diseases similar to cancer. Advancements within the techniques and instrumentation of medical speciality facilitate for quick and correct determination, and analysis of diseases concerning the tissues. Histopathology is a study of disease in a tissue which can be accomplished by using small biopsies, splendid needle aspiration cytology, and open biopsy or surgical procedure.
The Tissue diagnostics market was valued at USD 3.66 billion in 2018 and is anticipated to be growing at a CAGR of 6.9% to acquire USD 5.11 billion by 2023. Tissue diagnosing technique is claimed to be number one in all the gold standards set in cancer prognosis as the early detection of cancer increases the survival rate of the sufferer. It helps to identify the main reason for the growth of a tumour and also to analyze the future consequences in the patients. The advances in the biotechnology and medical science supported the tissue diagnostics to be more accurate and efficient in the treatment of various cancerous cells.
Drivers and Restraints:
Tissue diagnostics are executed for screening, analyzing, and monitoring the response of cancer sufferers to therapy. The scope of the tissue diagnostics market consists of major technologies like ISH, IHC, digital pathology and workflow, and unique staining and products like devices and consumables that are used to decide medical facts for the diagnosis of diseases or conditions.
The increasing prevalence of cancer cases around the world is the principal factor driving the growth of the tissue diagnostics market. Furthermore, the increasing awareness of the procedure in the developing economies, rise in the health care expenditure and disposable income of the people, technological innovations in the medical care, changing lifestyles of population, favorable government reimbursements in the developed nations, growing health awareness among different demographics of the people, increase in geriatric population and other factors are also supporting the market for tissue diagnostics.
On the contrary, the lack of awareness among some sections of the population, expenses involved in the procedure, and stringent regulatory frameworks are some of the notable factors that are hindering the growth of the market.
The full report for the global tissue diagnostics market provides all the information required for the decision making and investing opportunities based on the market size, revenue, history, current trends and future predictions. It also provides the deep sights of the global market based on the product type, application, disease, end-user and regional analysis, along with the competitive landscape.
On the basis of product type, the market is segmented into
On the basis of applications, the market is segmented into
• Hematoxylin and eosin
• In Situ Hybridization
On the basis of disease, the market is segmented into
• Lung Cancer
• Pancreatic Cancer
• Breast Cancer
On the basis of end-user, the market is segmented into
• Diagnostics centers
• Research organizations
• Biotechnology companies
• Contract research organizations
On the basis of region, the market is segmented into
• North America
• Asia Pacific
North America followed by Europe dominates the global tissue diagnostics market, accounting for more than half of the total market share. It is attributed to the presence of key players, sophisticated healthcare facilities, and growing research activities.
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The full report also offers useful insights about leading companies in the global marketplace. Some of the prominent firms dominating the tissue diagnostics market around the world are
• F. Hoffmann-La Roche AG
• Sigma-Aldrich Co. LLC
• Abbott Laboratories
• Agilent Technologies
• Danaher Corporation
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
• 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
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Source: EIN Presswire