The global immunohistochemistry market size was US$ 2.4 billion in 2021. The global immunohistochemistry market size is estimated to reach US$ 4.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2022 to 2030.
Immunohistochemistry is a useful method used for the visualization and identification of tissue antigens in biological research and clinical diagnosis. Furthermore, immunohistochemistry (IHC) is a diagnostic technique, which is conducted in a laboratory. This involves performing special tests on the biopsy tissue sample to help diagnose a variety of diseases more accurately.
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Factors Affecting Marketing Growth
The rise in the prevalence of chronic diseases and the increase in the geriatric population in developed nations drive the growth of the global market.
The rise in research & development activities in immunohistochemistry and the increase in collaboration between regulatory outsourcing and pharma & biotech companies drive the growth of the global market.
A lack of skilled professionals as well as a trained workforce with cross-functional skills is anticipated to hinder the growth of the global market.
Impact on COVID-19 Analysis
The COVID-19 outbreak had positively impacted the global immunohistochemistry market, due to the rise in the prevalence of pandemic infections across the world and the increase in the adoption of immunohistochemistry techniques for the detection of COVID-19 infections. Thus, driving the growth of the global market.
Regional Analysis
North America accounted for a majority of the global immunohistochemistry market share in 2021 and is expected to remain dominant during the forecast period. This is attributed to the increase in the number of chronic disease cases, the existence of key players, and improvements in healthcare in the region. For example, six in ten Americans live with at least one chronic disease, such as heart disease, stroke, cancer, or diabetes, which are leading causes of death and disability and they are also a major driver of healthcare costs in this region.
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Leading Competitors
The prominent players in the global immunohistochemistry market are:
Elabscience, Inc.
Biocare Medical, LLC
Sakura Finetek Japan Co.
Eagle Biosciences
CANDOR Bioscience GmbH
PHC Holdings Corporation
Bio SB
Cell Signaling Technology
Biorad Laboratories
Agilent Technologies Inc
Others
Segmentation Analysis
The global immunohistochemistry market segmentation focuses on Product, Application, End User, and Region.
Segmentation on the basis of Product
Antibody
o Primary Antibodies
o Secondary Antibodies
Reagents
o Histological Stains
o Blocking Sera and Reagents
o Chromogenic Substrates
o Diluents
o Fixation Reagents
o Organic Solvents
o Proteolytic Enzymes
o Other
Kits
o IHC Kits for Animal Tissue
o IHC Kits for Human Tissue
Equipment
o Slide staining Systems
o Tissue Processing Systems
o Slide Scanners
o Others
Segmentation on the basis of Application
Diagnosis
o Infectious diseases
o Neurological diseases
o Nephrological diseases
o Autoimmune diseases
o Cancer
o Others
Research Applications
o Drug Testing
o Others
Forensic
Segmentation on the basis of End User
Hospital and Diagnostic Labs
Research Institutes and Academic Institutes
Others
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Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Immunohistochemistry market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Immunohistochemistry market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Immunohistochemistry market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Immunohistochemistry business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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