Histology and cytology are scientific studies that aid in examining and diagnosing diseases. Histology is used to examine tissues under a microscope whereas cytology deals with examination of cells. These techniques play a vital role in early detection of cancer and other serious disorders. Histological and cytological examinations help determine the state of health and presence of abnormalities at cellular level which aids timely treatment procedures.
The global Histology and Cytology Market is estimated to be valued at US$ 20882.22 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Growth Accelerated by Increased Adoption of Digital Pathology Solutions
One of the key trends driving the histology and cytology market growth is rising adoption of digital pathology solutions. Digital pathology utilizes digital images of tissue slides obtained through whole slide imaging systems for primary diagnosis, second opinion consultation as well as collaborative conferences. It provides advantages such as faster delivery of diagnosis, ability to access histology slides remotely from multiple locations, and objective quantification of biomarkers. Increasing investments by key players as well as healthcare facilities in development of advanced whole slide scanners, software solutions, and expanding applications of AI in pathology analysis is expected to boost adoption of digital pathology solutions. This in turn will support the overall growth of histology and cytology market during the forecast period.
Segment Analysis
The global histology and cytology market is dominated by service segment as more number of diagnostic tests are carried out in pathology labs. Increased incidence of chronic diseases like cancer has led to rise in diagnostic procedures in hospitals and independent pathology labs. This has contributed to large market share of service segment.
Key Takeaways
The Global Histology And Cytology Market Size is expected to witness high growth over the forecast period of 2023 to 2030. The global Histology and Cytology Market is estimated to be valued at US$ 20882.22 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030.
Regional analysis
North America dominates the global histology and cytology market owing to increased demand for diagnostic tests and presence of advanced healthcare facilities. High awareness levels regarding early diagnosis and favorable reimbursement policies drives the growth of the market in the region. Asia Pacific is expected to witness fastest growth rate during the forecast period due to rise in healthcare expenditure, increasing patient pool of chronic diseases and growing medical tourism.
Key players
Key players operating in the histology and cytology market are Ensurge Micropower ASA, T+ink, Inc., NovaCentrix, Optomec Inc., Xerox Corporation, E. I. du Pont de Nemours and Company, Vorbeck, Materials Corporation, Inc., Intrinsiq Materials, Inc., BASF SE, E-Ink Holdings Inc., Molex.Inc, PARC, a Xerox company.
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