Immunohistochemistry Market to be Dominated by Antibodies Through 2028
The growing prevalence of
chronic and infectious diseases is expected to drive the growth of the Global
Immunohistochemistry market during the forecast period, 2024-2028.
According to TechSci Research report, “Immunohistochemistry
Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028Fs”, global Immunohistochemistry market is anticipated to grow at an
impressive rate during the forecast period, 2024-2028. This can be
ascribed to the growing implementation of automation and machine learning in
IHC along with growing emergence of multiplexed immunohistochemistry across the
region. Additionally, growing geriatric population and subsequent growth in
prevalence of chronic and infectious diseases are expected to drive the growth
of the market during the forecast period. Moreover, the growing availability of
reimbursement for Immunohistochemistry (IHC) tests will further enhance the
demand for the immunohistochemistry market during the forecast period. Besides,
the growing demand for personalized medicine for diagnosis of chronic diseases
are anticipated to boost the growth of the market over the years. Also, growing
significance of companion diagnostics will further enhance the demand for
immunohistochemistry market during the forecast period. Similarly, the growing number
market players along with growing adoption of immunohistochemistry is projected
to drive the market growth. Moreover, increasing number of CROs investing for
new tests kit is further expected to boost the growth of the market during the
forecast period.
However, lack
of skilled professionals as well as a trained workforce with cross functional
skills are expected to hamper the growth of the market during the forecast
period. Moreover, limitations associated with IHC techniques can further
restrict the growth of the global Immunohistochemistry market. Similarly,
limited scope for multiple evaluations may further restrain the growth of the
market during the forecast period.
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Immunohistochemistry market can be segmented on the basis of product,
application, end user and region.
Based on product, the global Immunohistochemistry
market can be segmented into antibodies, equipment, reagents, and kits. The antibodies segment dominated the market
in 2022 and is expected to continue maintaining its dominance throughout the
forecast period. This can be ascribed to the growing usage of antibodies in
disease diagnosis and drug testing. Moreover, growing application of antibodies
in pathology, neuropathology and hematopathology is expected to drive the
growth of the market during the forecast period.
Based on application, the market can be segmented
into diagnostics, drug
testing, and forensic applications.
The diagnostics segment is expected to dominate during the forecast period on
account of the increasing usage of immunohistochemistry tests for diagnosis of
chronic diseases such as cancer, cardiovascular diseases and nephrological
diseases along with growing prevalence of chronic disease is expected to increase
demand for immunohistochemistry market during the forecast period.
Major companies operating in the global Immunohistochemistry
market are:
- Thermo Fisher Scientific
Inc.
- F.Hoffmann-La
Roche Ltd.
- Merck
KGaA.
- Danaher
Corporation.
- Perkinelmer,
Inc.
- Bio-Rad
Laboratories, Inc.
- Cell
Signaling Technology Inc.
- Bio
SB.
- Agilent
Technologies, Inc.
For instance, in June 2021, PathAI, a U.S.-based developer of AI-powered
technology for pathological applications, showcased a machine learning-based
quality control tool, designed for HER2 testing in breast cancer, at the
American society of clinical oncology virtual scientific program 2021.
For instance, in
January 2021, Biocare medical LLC launched the ONCORE Pro, a fully automated in
vitro diagnostic benchtop system for In-situ Hybridization (ISH) and IHC
applications.
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“North America is expected to dominate in the Global Immunohistochemistry market
on account of the growing number of market players along with easy availability
of IHC solutions in the market. Similarly, growing adoption of technologically
advanced IHC instruments along with development of newer IHC solutions is
expected to drive the growth of the market during the forecast period. Moreover,
the growing disposable income along with growing healthcare spending is
expected to create lucrative growth during the forecast period. Similarly,
growing demand for quality medical care in the urban regions is expected to
boost the growth of the market over the years. Furthermore, growing investments
by pharmaceutical and biopharmaceutical companies along with growing academic
and government investments in diagnostic research is expected to further boost
the growth of the market during the forecast period. Besides, the presence of
significant market participants is further expected to create lucrative
opportunities for market growth,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Immunohistochemistry
Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Product (Antibodies, Equipment,
Reagents, Kits), By Application (Diagnostics, Drug Testing, Forensic
applications), By End User (Hospitals & Diagnostic Laboratories, Research
Institutes, Others) and
By Region and Competition”, has evaluated
the future growth potential of global Immunohistochemistry market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision-makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Global Immunohistochemistry market.
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