Histology and Cytology Market Size Is Projected to Reach $37.08 Billion By 2028 | CAGR: 13.3%: Polaris Market Research

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Aug 03, 2021, 08:30 ET

NEW YORK, Aug. 3, 2021 /PRNewswire/ -- The Global Histology and Cytology Market Is Estimated To Cross USD 37.08 Billion By 2028 according to a new study conducted by Polaris Market Research. the market is anticipated to register a CAGR: 13.3% from 2021 to 2028. Key factors contributing to the overall growth of the market include a huge surge in cases of cancers worldwide, major innovations in microscopy, and increasing efforts for the development of advanced systems for early disease diagnosis. In addition to this, the growing standardization of pathological laboratories and the presence of favorable reimbursements for disease screening & laboratory tests are contributing to the market growth. Moreover, several companies are launching advanced digital cytology systems for supporting the quick on-site evaluation of cytology samples.

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Key Highlights of Histology and Cytology Market

Based on the examination outlook, the cytology segment dominated the histology and cytology market and is expected to maintain its dominance over the forecast period. Increasing integration of computational analytical tools for modernizing cytology systems is responsible for the growth of this segment.
In terms of product, the instruments and analysis software system segment is accounted for the largest revenue share and is anticipated to continue the trend, owing to a growing demand for automated histology instruments.
By end-use, clinical diagnostics emerged as the fastest-growing segment and holding the highest share in the market, on account of increasing focus on histopathology studies for effective diagnosis of various types of cancer.
Vidium Animal Health, a molecular diagnostics company has announced its recent launch of SpotLight™ ePARR, a rapid and highly accurate molecular diagnostic test for canine lymphoma. This newly introduced test is expected to be a major milestone in the diagnosis of lymphoma, which is one of the most commonly found cancers in a dog.

COVID-19 Impact

The healthcare sector is functioning all-around during the pandemic, as governments of COVID-affected countries have categorized healthcare services as essential. Amid the ongoing COVID-19 pandemic, researchers and healthcare experts emphasizing the study of pathological changes in different organs in patients detected with COVID-19 disease. These factors are expected to support the steady growth of the histology and cytology market.

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Regional Developments

North America is projected to hold strong dominance over the histology and cytology market during the forecast period. The surge in geriatric population, rising incidences of cancer, and growing awareness among people regarding cancer screening are some of the major factors contributing to the market growth in this region. On the other hand, the regional market in the Asia Pacific is predicted to witness a rapid growth rate owing to the increasing burden on healthcare due to cancer cases, improvement in healthcare facilities, and rise in efforts by the government to provide better healthcare services.

Competitive Outlook

Leading companies operating in the histology and cytology market are focusing more on the research and development of automated instruments for cytology. In addition to this, these companies are also engaging in strategic collaborations to increase the availability of advanced resources. Some of the dominant market participants are Roche Ltd., Thermo Fisher Scientific, Inc., Hologic, Inc., Becton, Dickinson & Company, Merck KGaA, Danaher Corporation, Abbott, Sysmex Corporation, Koninklijke Philips N.V., and Trivitron Healthcare are some of the key players operating in the global market.

Target Audience

Supply Side: Pharmaceutical Company, Conglomerate Company
Demand Side: Clinical Diagnostic Center, Hospital
Regulatory Side: World Health Organization

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Polaris Market Research has segmented the histology and cytology market report on the basis of type of examination, product, end-users, and region:

Histology and Cytology, Examination Type (Revenue – USD Million, 2016 – 2028)

Histology

By Technique

Microscopy
Immunohistochemistry
Molecular pathology
Cryostat & Microtomy

Cytology

By Technique

Microscopy
Immunohistochemistry
Molecular pathology
Cryostat & Microtomy

By Application

Cervical Cancer
Breast Cancer
Bladder CancerLung Cancer
Other Cancers

Histology and Cytology, Product Outlook (Revenue – USD Million, 2016 – 2028)

Instruments and Analysis Software System
Consumable and Reagents

Histology and Cytology, End-Use Outlook (Revenue – USD Million, 2016 – 2028)

Life Sciences
Clinical Diagnostics

Histology and Cytology, Regional Outlook (Revenue – USD Million, 2016 – 2028)

North America

U.S.
Canada

Europe

France
Germany
UK
Italy
Spain
Netherlands
Austria

Asia Pacific

China
Japan
India
South Korea
Malaysia
Indonesia

Latin America

Brazil
Mexico
Argentina

Middle East & Africa

South Africa
Saudi Arabia
UAE
South Africa

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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