Tissue Diagnostics Market Overview, Growth Opportunities 2022-28

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The global tissue diagnostics market size was valued at USD 19,907.1 million in 2021 and is poised to grow at a significant CAGR of 9.5% during the forecast period 2022-28. The factors that are boosting the growth of the tissue diagnostics market are increasing incidences of cancer, developing infrastructure for cancer diagnosis, availability of reimbursement policies, expanding healthcare expenditure, and recommendation of cancer screening. The pathology industry has started focusing on anatomic pathology due to industry fragmentation, high skilled nature of anatomic pathology services, and substantial historical growth in demand for anatomic pathology services despite payment cuts. This provides an opportunity for manufacturers of anatomic pathology solutions to invest in independent pathology laboratories because demand for pathology services.

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The tissue diagnostics market detailed segmentation:
1) By Product Type: Immunohistochemistry, In Situ Hybridization, Primary & Special Staining, Digital Pathology and Workflow, Anatomic Pathology.
2) By Application: Breast Cancer, Non-small Cell Lung Cancer, Prostate Cancer, Gastric Cancer, Other Cancers.
3) By End-User: Hospitals, Research Laboratories, Pharmaceutical Organizations, Contract Research Organizations (CROs).

Anatomic Pathology Segment Dominates the Tissue Diagnostics Market
The anatomic pathology segment is expected to contribute the highest revenue share of 75.4 percent in the tissue diagnostics market in 2020, owing to the increasing demand for anatomic pathology labs and advanced technologies. Furthermore, a growing number of hospitals are offering laboratory outreach programs, which is projected to propel the anatomic pathology market forward.

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North America Leads Tissue Diagnostics Market
Due to easy access to modern technology, laboratory work, government initiatives, and increased healthcare expenditure, North America had the greatest revenue share in the global tissue diagnostics market in 2021, accounting for USD 10,376.3 Mn. Additionally, the increased frequency of cancer among the older population fueled the expansion of the tissue diagnostics market in North America. Asia Pacific is anticipated to grow with a 10.2% CAGR over the forecast period to reach USD 6,183.2 Mn.                                         
The tissue diagnostics market key players are Enzo Life Sciences, Agilent technologies, F. Hoffmann-La Roche Ltd, QIAGEN, Bio SB, Abbott., Merck KGaA, Darmstadt, Cell Signalling Technology, Inc., and Becton, Dickinson, and Company.

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