Immunohistochemistry Market Worth $3.1 Billion by 2025 | CAGR: 8.8%: Grand View Research, Inc.
SAN FRANCISCO, October 30, 2018 /PRNewswire/ --
The global immunohistochemistry market size is estimated to reach a value of USD 3.1 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to witness a revenue-based CAGR of 8.8% over the forecast period. High prevalence of cancer and increasing healthcare expenses driven by expanding aging population base are recognized as the most influential factors driving the market.
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Cancer has high morbidity and mortality risk. Diagnosis of this disease majorly depends on the stage of the disease at admission. This has led to high demand of immunohistochemistry (IHC) products. IHC staining process is performed on cancer tissues to reveal the presence of HER2 receptors and/or hormone receptors on their surface. This information plays a vital role in planning cancer treatment. This factor is anticipated to drive demand in near future. In addition, rising popularity of targeted immunotherapy and biologic therapy for anticancer drug development and increasing Food and Drug Administration (FDA) approvals are expected to boost market growth in near future.
Significant rise in healthcare spending and shift in focus on value-based healthcare solutions can further impel growth of the immunohistochemistry market over the forecast period. According to the Centers of Medicare & Medicaid Services (CMS) projections, the National Health Expenditure is anticipated to rise at an average of 5.5% every year from 2017 to 2026. It is expected to reach around USD 5.7 trillion by 2026. Hospitals and care facilities are adopting a more specific and targeted therapy for better outcomes and to establish a move value-based healthcare delivery.
Browse full research report with TOC on "Immunohistochemistry (IHC) Market Size, Share & Trends Analysis Report By Application (Diagnostics, Drug Testing), By Product (Antibodies, Reagents, Equipment, Kits), By End Use, And Segment Forecasts, 2018 - 2025" at: https://www.grandviewresearch.com/industry-analysis/immunohistochemistry-ihc-market
Further Key Findings From the Report Suggest:
- Antibody segment accounted for the largest market share due to rising regulatory approvals for therapeutic antibody products
- North America registered the highest CAGR in 2017 owing to well-established healthcare infrastructure and favorable reimbursements
- APAC is expected to witness the fastest CAGR owing to increasing healthcare expenses and aging population
- Diagnostics segment dominated the immunohistochemistry market in 2017 owing to high prevalence of cancer and other such chronic diseases
- Hospitals and diagnostic laboratories is anticipated to exhibit significant CAGR over the forecast period due to increasing disease prevalence and high number of these facilities with advanced infrastructure
- Some of the key market players are Abcam plc; Agilent Technologies; Bio-Rad Laboratories, Inc.; Cell Signaling Technology, Inc.; Danaher Corporation; Merck KGaA; PerkinElmer, Inc.; and Thermo Fisher Scientific, Inc.
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Grand View Research has segmented the global immunohistochemistry market on the basis of product, application, end use, and region:
- Immunohistochemistry Product Outlook (Revenue, USD Million, 2014 - 2025)
- Antibodies
- Primary Antibodies
- Secondary Antibodies
- Equipment
- Slide Staining Systems
- Tissue Microarrays
- Tissue Processing Systems
- Slide Scanners
- Others
- Reagents
- Histological Stains
- Blocking Sera and Reagents
- Chromogenic Substrates
- Fixation Reagents
- Stabilizers
- Organic Solvents
- Proteolytic Enzymes
- Diluents
- Kits
- Antibodies
- Immunohistochemistry Application Outlook (Revenue, USD Million, 2014 - 2025)
- Diagnostics
- Cancer
- Infectious Diseases
- Cardiovascular Diseases
- Autoimmune Diseases
- Diabetes Mellitus
- Nephrological Diseases
- Drug Testing
- Diagnostics
- Immunohistochemistry End Use Outlook (Revenue, USD Million, 2014 - 2025)
- Hospitals and Diagnostic Laboratories
- Research Institutes
- Others
- Immunohistochemistry Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Asia Pacific
- Japan
- China
- India
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- North America
Explore the BI enabled intuitive market research database, Grand View Compass, by Grand View Research, Inc.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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SOURCE Grand View Research, Inc.
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