The global Immunohistochemistry Market size is expected to reach USD 3.50 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 5.8% from 2023 to 2030. The high demand for accurate data has driven several technological advancements in IHC techniques, resulting in the delivery of precise and contextual data analyses. The emergence of advanced techniques, such as multiplex IHC, computational pathology, and next-generation IHC, is driving the global market. Immunohistochemistry protocols have gained popularity in clinical pathology, especially in the subspecialties of oncologic pathology, hematopathology, and neuropathology.
The technique has
played a vital role in shaping cancer diagnostics. Thus, the growing prevalence of cancer is expected to
increase the demand for IHC, thus contributing to market growth. Furthermore,
the wide application scope of IHC in drug discovery and development activities
is expected to boost revenue growth over the forecast period. Whole slide
imaging and digital image analysis offer highly accurate and objective
evaluations. Thus, image analysis can be used across different aspects of drug
discovery including drug repositioning, target validation, patient
stratification, biomarker expression studies, and drug efficacy & safety
studies.
Acknowledging the
profitable opportunities posed by the space, operating players in the industry
continue to undertake strategic initiatives to strengthen their market
presence. For instance, in June 2021, PathAI, in collaboration with AstraZeneca
and Daiichi Sankyo Company Ltd., created machine learning-based models to
enable automated quantification of HER2 IHC images in breast cancer samples.
The global market will benefit from the growing geriatric population in
developed and developing nations. As the global geriatric population increases,
the prevalence of age-related illnesses is predicted to rise drastically.
List of Key
Players in Immunohistochemistry Market
- Thermo Fisher Scientific Inc.
- F. Hoffmann-La Roche Ltd.
- Merck KGaA
- Danaher Corporation
- Perkinelmer, Inc.
- Bio-Rad Laboratories, Inc.
- Cell Signaling Technology, Inc.
- Bio SB
- Agilent Technologies, Inc.
- Abcam plc.
Related Press Release@ Immunohistochemistry Market Report
Immunohistochemistry
Market Report Highlights
- The antibodies product segment led the market in
2022 owing to the high use of antibodies for immunohistochemistry assays
carried out for disease diagnosis and drug testing workflows
- The diagnostics application segment led the market
in 2022 owing to the widespread application of IHC tests in diagnostic
settings
- The drug testing segment is expected to witness
significant growth during the forecast period. This is due to increasing
investment flow by pharmaceutical companies in R&D activities of novel
drug discovery and development
- The hospitals and diagnostic laboratories end-use
segment accounted for the largest revenue share in 2022. Research
institutes are expected to register the fastest CAGR over the forecast
period owing to the increasing adoption of IHC in research institutes for
drug discovery activities
- North America emerged as the largest regional market
in 2022 owing to the confluence of multiple factors, such as high cancer
prevalence, presence of key players, and developed healthcare &
biotechnological sectors
- The Asia Pacific is projected to grow at the fastest
CAGR over the forecast period with China being the fastest-growing market.
Increasing regulatory approvals and the launch of novel IHC solutions in
China are accelerating the country’s market growth
- Key players are engaged in making focused attempts
to reinforce their market position and gain a competitive advantage
Immunohistochemistry
Market Segmentation
Grand View
Research has segmented the global immunohistochemistry market based on product,
application, end-use, and region:
Immunohistochemistry
Product Outlook (Revenue, USD Million, 2018 - 2030)
- Antibodies
- Primary Antibodies
- Secondary Antibodies
- Equipment
- Slide Staining System
- Tissue Microarrays
- Tissue Processing Systems
- Slide Scanners
- Others
- Reagents
- Histological stains
- Blocking Sera & Reagents
- Chromogenic Substrates
- Fixation Reagents
- Organic Solvents
- Proteolytic Enzymes
- Diluents
- Other Reagents
- Kits
Immunohistochemistry
Application Outlook (Revenue, USD Million, 2018 - 2030)
- Diagnostics
- Cancer
- Infectious Diseases
- Cardiovascular Diseases
- Autoimmune Diseases
- Diabetes Mellitus
- Nephrological Diseases
- Research
Immunohistochemistry
End-use Outlook (Revenue, USD Million, 2018 - 2030)
- Hospitals & Diagnostic Laboratories
- Research Institutes
- Others
Immunohistochemistry
Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Denmark
- Sweden
- Norway
- Asia Pacific
- Japan
- China
- India
- South Korea
- Australia
- Thailand
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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