Immunohistochemistry Market by Product Application & Drug Testing) End User - Global Forecast to 2021
LONDON, Dec. 5, 2016 /PRNewswire/ -- The immunohistochemistry (IHC) market is projected to reach USD 2.12 Billion by 2021, growing at a CAGR of 7.3% during the forecast period of 2016 to 2021. Factors such as the growing prevalence of cancer and rapidly increasing geriatric population across the globe are the primary driving the growth of this market. Other factors driving the IHC market growth include increasing healthcare spending and improving healthcare infrastructure resulting in an increasing number of hospitals and diagnostic laboratories. Several manufacturers in the immunohistochemistry market are relied majorly on launching the new products in order to achieve growth in the immunohistochemistry market. In addition, market players are focusing on acquiring local market players to expand their portfolios and enhance their distribution channels in emerging markets.
The global immunohistochemistry market is segmented based on product, application, end user, and region. Based on product, the immunohistochemistry market is segmented into antibodies, reagents, equipment, and kits. Based on application, the immunohistochemistry market is segmented into diagnostics and drug testing. The diagnostic segment is further divided into cancer, infectious diseases, cardiovascular diseases, autoimmune diseases, diabetes, and nephrological diseases. On the basis of end user, the market is segmented into hospitals & diagnostic laboratories, research institutions, and other end users. This report also provides market information across major regional segments, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. These regions are further segmented at a country level.
North America is the largest market for immunohistochemistry, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. However, Asia-Pacific possesses lucrative growth potential for the immunohistochemistry market during the forecast period. The economic growth of APAC countries, rising number of chronic diseases, rising standard of living, growing demand for quality medical care, increasing healthcare spending and government initiatives, and rising awareness on the use of immunohistochemistry tests are expected to drive market growth of the Asia-Pacific region during the forecast period.
The global immunohistochemistry market is consolidated at the top with the top five companies accounting for more than half of the global market. The major players in the immunohistochemistry market include F. Hoffman-La Roche AG (Switzerland), Danaher Corporation (U.S.), Agilent Technologies, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Merck Millipore (U.S.), Bio-Rad Laboratories, Inc. (U.S.), PerkinElmer, Inc. (U.S.), Abcam plc (U.K.), Cell Signaling Technology, Inc. (U.S.), and Bio SB Inc. (U.S.).
Reasons to Buy the Report
This report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them, garner a greater market share. Firms purchasing this report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for reaping a greater market share.
This report provides insights on the following pointers:
- Market Penetration: Comprehensive information on product portfolios offered by the top players in the immunohistochemistry market. This report analyzes the immunohistochemistry market by product, application, end user, and region
- Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and new product launches in the immunohistochemistry market
- Market Development: Comprehensive information on the lucrative emerging markets for immunohistochemistry
- Market Diversification: Exhaustive information of new products, growing regions, recent developments, and investments in the immunohistochemistry market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of the leading players in the immunohistochemistry market
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