Histology and Cytology Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
Histology and Cytology Market: Overview
The histology and cytology market is growing with advancements in virtual microscopy patterns. Liquid-based cytology is also adopted at an increasing rate that boosts growth in the industry. The extensive usage of digital pathology, along with other applications is bolstering growth in the histology and cytology market.
The digital solutions are integrated into cytology, which further provides several benefits. One such benefit enables the analysis of the primary diagnostic data at a rapid pace. It may bolster growth in the histology and cytology market. Some of the prominent players in the industry are launching advanced and new digital cytology systems to assist the evaluation of on-site cytology samples.
Immunohistochemistry is gaining popularity for the visualization of cellular components. These components are further used for the diagnosis of an extensive range of diseases. These diseases may include cancer and some infectious diseases. These factors further create opportunities in the histology and cytology market.
Histology and Cytology Market: Key Trends
Cytology tests play important role in the diagnosis and screening of different types of cancer. The cytology segment from the histology and cytology market is widely used in different types of cancer. The cytology tests primarily focus on cellular levels observations, and it attracts consumer companies to adopt this test methodology from the histology and cytology market. In the upcoming decade, there is an increased concentration on the studies related to molecular level diagnosis, and it further boosts growth in the histology and cytology market.
The histological tests are costly compared to cytology test methodologies. This price difference is because of the multiple phases required for histology tests preparation. On the other hand, for cytology tests, there are no requirements of the different stages to conduct tests.
The sudden arrival of the COVID-19 pandemic has also impacted the growth prospect in the histology and cytology market. Further, the stringent regulations policies from the government are anticipated to curtail growth in the histology and cytology market. There are complicated procedures that are closely linked to histology and cytology. These may also hamper growth opportunities in the histology and cytology industry.
Histology and Cytology Market: Competitive Dynamics and Key Developments
There is a rapid increase in the launching of novel products that boosts growth prospects in the histology and cytology market. Different product approvals from governing bodies are also anticipated to drive growth in the histology and cytology industry.
One such incident has taken place in the U.S. in January 2021 in the histology and cytology market. Biocare Medical LLC is U.S. based healthcare solution provider in diagnostic services, and the company has launched the ONCORE Pro platform. This platform is a completely automated slide staining platform. This platform is applied in two different diagnostic techniques in histology. Immunohistochemistry (IHC) and in-situ hybridization (ISH) are the two techniques developed in the histology and cytology market.
Some key players in the histology and cytology market are:
Histology and Cytology Market: Regional Assessment
The histology and cytology market is prominently spread in five regions that include North America, Europe, Asia Pacific, South America, and the Middle East, and Africa. Among these North America dominates in the histology and cytology industry. It also contributes to the largest share in the market revenue. The growth in this region is on the back of a well-established research infrastructure for services in pathology. Some other factors for the histology and cytology industry growth include the presence of key players, extensive research and development activities, and a high incidence of cancer. In addition, commercialization and increased rate of product approval are also contributing to the advancements in the histology and cytology market.
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