Global Immunohistochemistry Market

Immunohistochemistry Market Size, Share, Growth Analysis, By Product(Antibodies, Reagents, Kits), By Application(Diagnostics, Research), By End-user(Hospitals & diagnostic laboratories, research institutes, and others), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35H2224 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 89 | Figures: 76

Immunohistochemistry Market Insights

Immunohistochemistry Market size was valued at USD 2.98 billion in 2022 and is poised to grow from USD 3.2 billion in 2023 to USD 5.28 billion by 2030, at a CAGR of 7.4% during the forecast period (2023-2030).

The implementation of automation and machine learning in immunohistochemistry (IHC) is revolutionizing the field and driving the market forward.

These technological advancements are streamlining and improving the efficiency of IHC processes, leading to more accurate and timely disease diagnosis. The automation of tasks such as staining, image analysis, and data interpretation reduces human error and increases productivity. Machine learning algorithms enable the identification and classification of tissue markers, enhancing the diagnostic capabilities of IHC.

Furthermore, the introduction of technologically advanced immunohistochemistry solutions is fueling market growth. These solutions offer improved sensitivity, specificity, and multiplexing capabilities, enabling researchers and pathologists to obtain more detailed and precise information from tissue samples.

The development of novel antibodies and reagents tailored for specific biomarkers expands the range of applications and enhances the diagnostic potential of IHC. The market is also benefiting from the increasing number of product approvals and launches of advanced immunohistochemistry systems.

Regulatory approvals validate the safety and efficacy of these systems, instilling confidence among healthcare professionals. The availability of cutting-edge advanced imaging, automation, and data analysis capabilities empowers researchers and clinicians to make more informed and accurate diagnoses, driving market growth.

US Immunohistochemistry Market is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

Immunohistochemistry Market size was valued at USD 2.98 billion in 2022 and is poised to grow from USD 3.2 billion in 2023 to USD 5.28 billion by 2030, at a CAGR of 7.4% during the forecast period (2023-2030).

The competitive landscape of the immunohistochemistry (IHC) market is characterized by the presence of several key players, including established multinational companies as well as smaller regional and local players. These companies compete based on factors such as product portfolio, technological advancements, pricing, and distribution networks. Major players in the market invest heavily in research and development activities to launch innovative IHC solutions, expand their product offerings, and enhance their market presence. They also focus on strategic collaborations, partnerships, and acquisitions to strengthen their market position and gain a competitive edge. Additionally, players in the market actively engage in marketing and promotional activities to increase awareness about their IHC products and capture a larger customer base. Overall, the market is highly competitive, with companies vying to cater to the growing demand for accurate and reliable diagnostic solutions in the field of pathology and research. 'Agilent Technologies Inc. (United States)', 'F. Hoffmann-La Roche Ltd. (Switzerland)', 'Thermo Fisher Scientific Inc. (United States)', 'Danaher Corporation (United States)', 'Merck KGaA (Germany)', 'Abcam plc (United Kingdom)', 'Bio-Rad Laboratories, Inc. (United States)', 'Cell Signaling Technology, Inc. (United States)', 'PerkinElmer, Inc. (United States)', 'Abnova Corporation (Taiwan)', 'Biocare Medical, LLC (United States)', 'Leica Biosystems Nussloch GmbH (Germany)', 'Sakura Finetek Japan Co., Ltd. (Japan)', 'Agendia NV (Netherlands)', 'Biogenex Laboratories (United States)', 'BioGenex (United States)', 'Bethyl Laboratories, Inc. (United States)', 'Diagenode Diagnostics (Belgium)', 'R&D Systems, Inc. (United States)', 'Santa Cruz Biotechnology, Inc. (United States)'

The growing burden of chronic diseases such as cancer, cardiovascular diseases, and neurological disorders has led to a rise in the demand for accurate and reliable diagnostic techniques like IHC. IHC plays a crucial role in the detection, characterization, and classification of various diseases, enabling effective treatment planning and patient management. The rising prevalence of chronic diseases globally is driving the adoption of IHC, leading to market growth.

Automation technologies, including robotic systems and advanced image analysis software, are being integrated into IHC platforms to improve efficiency, accuracy, and reproducibility. This trend enables faster and standardized analysis of tissue samples, reducing human error and enhancing diagnostic outcomes. Additionally, the integration of artificial intelligence and machine learning algorithms in IHC data analysis is gaining momentum, allowing for more precise quantification and interpretation of staining patterns. The shift towards automation and digitalization is expected to revolutionize the field of IHC and streamline laboratory workflows in pathology and research settings.

In 2022, North America emerged as the dominant region, capturing the largest market share of over 38.39% in terms of revenue. Several factors contribute to the growth of the IHC market in North America. Firstly, the region is home to major market players and renowned research institutes, fostering innovation and advancements in IHC technology. Secondly, there is easy availability of IHC solutions, including antibodies, reagents, and instruments, facilitating the widespread adoption of IHC techniques.

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Global Immunohistochemistry Market

Report ID: SQMIG35H2224

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