Tissue Diagnostics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
Tissue Diagnostics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030
Report Digest
Tissue Diagnostics Market – Overview
Human tissue is excised for either medical care or research. Demand for excised human tissue is increasing because of the realization of personalized medicine, which relies on excised human tissue to develop innovative tests for application in patient care. However, because excised human tissue is a limited, nonrenewable resource, increasing demand has stressed current institutional infrastructures. Healthcare is influenced by both advancing medical knowledge and technical innovation. Recent developments in diagnostic testing and healthcare systems have dramatically changed the pathology landscape. Diagnostic tissue is all tissue obtained during a medical procedure for patient care that must be sent to the laboratory or department of pathology for documentation of what was excised.
Tissue Diagnostics Market – Notable Developments
Some of the notable developments in the tissue diagnostics market are given below:
- In December 2020, researchers reported the occurrence of histological changes in frontal lobes and olfactory bulbs of the brain, which may be owing to COVID-19 related anosmia.
- The MY-2300 Immuno-Histo Stainer developed by IHC World, LLC functions automatically and has stable, accurate, and reliable performance. As the system is easily operated, it enhances working efficiency and helps in handling multiple specimens simultaneously.
- In November 2020, the U.S. FDA approved Agilent Technologies, Inc.’s PD-L1 IHC 22C3 pharmDx that helps in the identification of triple-negative breast cancer in patients, which can be treated with KEYTRUDA (pembrolizumab).
- In April 2020, VENTANA HER2 Dual ISH DNA Probe Cocktail assay was introduced by Roche, which helps detect the HER2 biomarker in gastric cancer and breast cancer. Hence, despite decreasing incidence & mortality rate due to gastric cancer, researchers & companies are engaging in identifying biomarkers for efficient diagnosis.
Tissue Diagnostics Market – Drivers and Restraints
The market is collectively driven by emerging solutions pertaining to digital tissue diagnostics, advancements in imaging techniques & increasing affordability of diagnostics, and growth of personalized therapeutics & diagnostics. The use of digital slides has significantly increased in recent years, owing to its associated benefits including flexible magnification and remote access to slides. The growing emphasis on precision medicine is supported by several organizations & companies in the U.S., which is expected to contribute to the market growth. Moreover, the development in genome sequencing techniques and diagnostic tools can be attributed to the growth of personalized medicine over the years.
Tissue Diagnostics Market – Geographical Outlook
Based on the regional segmentation, the global tissue diagnostics market can be segmented into five key regions. These key regions are North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of these, currently, the global market is being led by the regional segment of North America. The growth of the regional segment can be attributed to the presence of a highly developed and matured healthcare infrastructure. In addition to this, presence of key players operating in the region has also helped the overall development of global tissue diagnostics market in North America.
On the other hand, the regional segment of Asia Pacific is expected to witness promising growth opportunities in the coming years of the forecast period ranging from 2018 to 2028. The growth of the region can be attributed to the increasing investments directed towards the infrastructure development. In addition to this, more activities and funding for research and development activities are also likely to help the development of tissue diagnostics market in the Asia Pacific region.
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