The global Immunohistochemistry (IHC) Market is projected to reach USD 5 Billion in 2032, growing at a CAGR of 8% during the forecast period. IHC is a diagnostic technique used to identify and visualize tissue antigens in biological research and clinical diagnostics.
The major factors driving the growth of the market are the increasing number of developments in technology, the prevalence of cancer, the aging population, and the rising demand for personalized medication. IHC is extensively used in cancer research and diagnosis because it aids in timely detection and efficient management of cancer.
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The rising elderly population is also expected to drive market revenue growth because chronic diseases, such as cancer, cardiovascular conditions, and neurological issues, are more common as people age and call for precise diagnosis and individualized care.
The adoption of IHC in drug development and clinical research is increasing due to the rising need for personalized treatment. Biomarkers and therapeutic targets discovered via IHC can be used to create individualized treatment plans. IHC techniques are becoming increasingly effective, accurate, and reproducible due to developments in automation, digital imaging, and multiplexing technologies. IHC tests, however, are expensive and require qualified personnel. Lack of qualified workers in the fields of pathology and histology is a major factor that could restrain market revenue growth.
North America accounts for the largest share of the global IHC market, followed by Europe and Asia-Pacific. The US is the largest market for IHC products in North America due to high demand from pharmaceutical, biotechnology, and healthcare sectors. The market for IHC products is driven by the increasing prevalence of cancer and other chronic diseases, as well as technological advancements in the field of immunohistochemistry. The increasing number of research activities being conducted to develop new IHC assays and techniques is expected to drive revenue growth of the market over the forecast period.
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The US Food and Drug Administration (FDA) regulates immunohistochemistry tests used to diagnose or monitor diseases such as cancer, infectious diseases, endocrine disorders, and neurological disorders. In Europe, IHC assays are regulated by each individual country's medical device regulatory body, and the European Union has issued strict guidelines on quality control, validation, and interpretation of IHC assays to ensure accuracy and reliability of results.
In India, the Central Drugs Standard Control Organization (CDSCO) regulates all IHC tests conducted in clinical laboratories, and the Indian government has also set up a number of accreditation bodies to ensure adherence to standards and regulations governing IHC tests in the country. Several international and regional organizations have established guidelines for the use of IHC assays in clinical settings, providing standards for quality assurance, interpretation, and reporting of test results.
Based on product type, the global IHC market is segmented into antibodies, equipment, and kits. The antibodies segment accounted for the largest revenue share in the global IHC market in 2022.
This is due to the rising prevalence of chronic diseases, such as cancer and autoimmune disorders, the need for customized medication, and rising investments in Research & Development (R&D) activities for the creation of novel antibodies. Antibodies play a critical role in IHC as they bind to certain proteins or antigens present in the tissue sample.
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