Global Immunohistochemistry Market 2019-2023

The global immunohistochemistry market size will grow by USD 773.52 million during 2019-2023. The immunohistochemistry industry analysis research report provides a detailed analysis of the market based on end-users (hospitals, diagnostic laboratories, and academic institutes & research organizations) and geography (Asia, Europe, North America, and ROW). The report analyzes the market’s competitive landscape and offers information on several immunohistochemistry providers including Danaher, F. Hoffmann-La Roche Ltd, Merck KGaA, PerkinElmer Inc., and Thermo Fisher Scientific Inc.

Below are some of the key findings from this immunohistochemistry market analysis report

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Global immunohistochemistry industry overview

There has been a rise in the number of cancer patients across the globe, which subsequently increases the demand as it is used for the diagnosis of the disease. Immunohistochemistry is widely used to predict therapeutic responses of breast and prostate cancer. Moreover, doctors also use these to determine the stage of cancer, identify the cell type, and deter the origin of cancer metastasis. With the increase in a number of cancer cases, the need for immunohistochemistry for the diagnostic purpose also rises, boosting the market growth.

The growing preference for value-added software services is one of the key trends that will gain traction in the immunohistochemistry market. Hospitals and labs increasingly adopt immunohistochemistry systems with additional software as they help in recording patient data which can be used for R&D studies later. To increase their customer base and ensure consumer loyalty, vendors are offering specific software programs as a value-added service with these systems. Such factors will drive global immunohistochemistry market growth at a CAGR of close to 8% during the forecast period.

Top immunohistochemistry providers covered in this report

The global immunohistochemistry market is moderately concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by companies, the immunohistochemistry industry analysis report will help clients identify and design effective growth strategies.

The report offers a detailed analysis of several leading immunohistochemistry companies, including:

• Danaher
• F. Hoffmann-La Roche Ltd
• Merck KGaA
• PerkinElmer Inc.
• Thermo Fisher Scientific Inc.

Immunohistochemistry market segmentation based on end-users

• Hospitals
• Diagnostic laboratories
• Academic institutes & research organizations

Hospitals accounted for the largest immunohistochemistry market share in 2018 because they witness increased cancer patient admissions for surgeries and diagnosis. Though the market share of this end-user segment will decrease, it will continue its market dominance during the next five years as per the immunohistochemistry industry analysis.

Immunohistochemistry market segmentation based on region

• Asia
• Europe
• North America
• ROW

North America accounted for the largest immunohistochemistry market share in 2018 and this mainly attributed to significant investments in healthcare research and testing by the US. Though the region’s contribution to the growth of the immunohistochemistry market size will decrease, North America will account for the largest share of the market throughout the forecast period as per the immunohistochemistry industry analysis.

Key highlights of the global immunohistochemistry market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the immunohistochemistry market during the next five years
• Precise estimation of the global immunohistochemistry market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the immunohistochemistry industry across Asia, Europe, North America, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of immunohistochemistry providers 

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