Tissue Diagnostics Market Size Will reach USD 4.47 billion by 2021

Tissue diagnostics Market was worth USD 3.2 billion in 2016 and estimated to be growing at a CAGR of 6.9%, to reach USD 4.47 billion by 2021.

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Tissue-based diagnostic tests are performed for screening, diagnosing, and monitoring the response of cancer patients to therapy. The scope of the tissue diagnostics market includes major technologies like ISH, IHC, digital pathology and workflow, and special staining; and products like instruments and consumables that are used to determine medical information for the diagnosis of diseases or conditions.

Tissue Diagnosis technique is said to be one of the gold standards set in cancer diagnosis and is the crucial driver in the market. Tissue based diagnosis technique helps to determine the cause and effect of the disease in a patient. Due to unhealthy lifestyles of population the rate of cancer incidences is growing each year and so is driving the market for tissue based diagnosis. Cancer diagnosis at early stages and treatment will lead to better chances of survival and the market for diagnostics will show significant growth by forcing labs to increase efficiency in the diagnosis process to maximize health securities in patients. Limited customer base for tissue diagnostics, limited budget issues and regulatory framework issues are the
factors hindering the growth of the market.

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The Global Tissue diagnostics market is broadly categorized into product type, application, disease and end user. By product type the market is segmented into Instruments and consumables. By application the market is classified into Hematoxylin and eosin, Immunohistochemistry and in situ hybridization. By disease the market is analyzed under Lung cancer, lymphoma, pancreatic cancer, breast cancer and others. By end user the market is classified into Hospitals, diagnostic laboratories, research organizations, contract research organizations and biotechnology companies.

On the basis of geography, the market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Tissue diagnostics market was dominated by North America followed by Europe. Asia Pacific is expected to grow at a high CAGR.

The key market players in tissue diagnostic market are F. Hoffmann-La Roche AG, Sigma-Aldrich Co. LLC, Abbott Laboratories, Agilent Technologies, BioGenex, Danaher Corporation, Cell Signaling Technology and Ventana Medical Systems.

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