The Increasing Prevalence of Cancer is Propelling the Global Histology and Cytology Market
According to Ameco Research, the global histology and cytology market size is expected to grow a CAGR above 12% over the projected timeframe and reach a market value of around USD 58,460 million by 2030.
Histology and cytology are critical topics of study in the medical world for identifying abnormalities in tissues, organs, and physiological fluids. Histology and cytology are essential components of pathology, and their use is expected to soar in the coming decade due to considerable research and innovation, and technological breakthroughs. Over the next few years, advances in computer-aided diagnosis are likely to pave the way for improvements, data collection techniques, and diagnostics treatment, resulting in a promising future for the global histology & cytology market.
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Cytology is the microscopic inspection of cell samples obtained from any location of the body, such as the vagina, kidney, or lungs, to identify the presence of uneven development or lumps on the body’s surface. Cytology can also be performed to assess abnormal body fluid accumulations in areas like the chest and abdomen. Similarly, histology is the microscopic analysis of biological tissues’ chemical and structural features. Histology is widely used in medical and biological research and therapy diagnostic tools for diseases like cancer, communicable diseases, and autoimmune problems, as well as to develop novel medicines.
Global Histology and Cytology Market Growth Aspects
The massive growth in chronic disorders is propelling the global market for histology and cytology. Many chronic diseases, including cancer, are diagnosed using histology and cytology procedures. When compared to other types of cervical cancer, breast cancers are the most widely used. In 2020, 19.3 million cancers were reported worldwide, with breast cancer representing 2.3 million of those occurrences, and cervical cancer affecting around 0.6 million women. New histology and cytology techniques, as well as advancements in enclosed tissue processors, cryostats, disposable knives, and plastic cassettes in the histology segment, will all make a significant contribution to the expansion of the histology and cytology markets. The adoption of electronic technological advancements in the field has enhanced diagnosis and treatment efficiency in healthcare. During the forecasted timeframe, the increasing progress and application of artificial intelligence (AI) by pathologists globally will aid in the global market’s continuous expansion.
The increasing number of patients suffering from chronic diseases such as cancer and other psychiatric conditions, a growing number of pathological research lab standardization, the rising prevalence of the elderly population global burden, and the higher incidence of supportive government favorable reimbursement for screening and chemical analysis are some of the important and major factors that will likely enhance the growth of the histology and cytology market in the predicted time frame. On the other hand, an increasing number of developing breakthroughs in diagnostic and molecular techniques, as well as enhanced research and innovation activities, will significantly contribute to the growth of the histology and cytology market throughout the anticipated period.
Besides that, lack of understanding and awareness for diagnostic tests in emerging economies, as well as safety and treatment result issues with histopathological and cytopathological examinations, would most likely act as market hurdles during the forecasted period.
The Impact of COVID-19
The emergence of COVID-19 has framed a global public health hazard. COVID-19 primarily affects the lungs and immunological systems, but it can also impact reproductive, circulatory, integumentary, urinary, and gastrointestinal tracts and the central nervous system. Additionally, increased prevalence of immunological, cardiovascular, and other ailments, as well as an aging population, are expected to fuel demand for histology and cytology products, resulting in a market rise throughout the forecasted time frame.
Regional Overview
North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the regional classification of the global histology and cytology market. North America is expected to dominate the global market in terms of revenue in 2021. The significant number of cancer patients, the existence of significant firms, robust R&D efforts, and a thoroughly researched pathology infrastructure all contribute to the growth of the regional market. Furthermore, the region’s high rate of product approval and deployment contributes to market growth. Aside from that, a favorable economic government and regulatory steps to expand healthcare infrastructure are propelling the Asia-Pacific market. Furthermore, a greater emphasis on research and development is likely to boost regional prosperity.
Market Segmentation
The global histology and cytology market segmentation by Ameco Research based on type of examination, product, and application. Based on the type of examination, the market is divided into histology, and cytology. Based on the product, the market separated into instruments and analysis software system, and consumable and reagents. Based on application, the market is categorized into drug discovery & designing, clinical diagnostics, and research.
Major Players
Some key players covered global in the histology and cytology industry are Merck KGaA, F.Hoffmann-La Roche, Becton, Abbott Laboratories, Philips Healthcare, Danaher Corporation, Dickinson & Company, Koninklijke, Sysmex Corporation, Hologic, Inc., and Trivitron Healthcare.
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