Growing prevalence of cancer, rising use and adoption of tissue diagnostic techniques in personalized medicine are some key factors expected to drive market growth.
San Francisco, California (PRWEB) January 15, 2015
Tissue diagnostic techniques consist of a set of methods used for primary diagnosis of stages, monitoring, prognosis and managing diseases, especially cancer such as breast cancer, prostate cancer and gastric cancer. Growing prevalence of cancer, rising use and adoption of tissue diagnostic techniques in personalized medicine are some key factors expected to drive market growth during the forecast period. Some other drivers of this market include growing demand for accurate diagnostic technologies, rising demand for cost-effective and safer treatments and an increasing global geriatric population base.
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Key product segments of the tissue diagnostics market include consumables and instruments. Instruments are expected to dominate the overall market throughout the forecast period. High prices and growing market penetration rates associated with these products are some factors expected to drive segment growth. R&D investments made in compliance with the need for device automation and workflow integration are also expected to drive the tissue diagnostics instruments market. Technology segments of this market include immunohistochemistry (IHC), digital pathology and workflow management, in-situ-hybridization (ISH) and special staining.
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North America is identified as the largest regional market. Presence of sophisticated healthcare infrastructure and reimbursement framework in the region are some key factors accounting for its market position. In addition, high market penetration of advanced diagnostic techniques is expected to boost growth over the next six years. Key players of this market include Abbott Laboratories, Agilent Technologies, BioGenex Laboratories, Bio SB, Danaher Corporation, Cell Signaling Technology, Advanced Cell Diagnostics (ACD), Life Technologies, Roche Diagnostics, Novartis and Thermo Fisher Scientific.
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