Tissue diagnostics are significant products for monitoring, detecting and treating cancer. The tissue diagnostic market is inclusive of reagents, devices and kits to detect the illness and determineits stage and treatment course. Rising worldwide cancer occurrence and quickly augmenting population of the aged are estimated to be the two most significant drivers of the market. Apart from these, the utilization of tissue diagnostic products in the sector of personalized medicine for cancer management is also predicted to propel the sales of the tissue diagnostic market.
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The market, in particular,deals with cancers affecting the prostate, breasts and gastric. The other significant drivers of the tissue diagnostic market include rising demand for safe and reasonably-priced treatment and amplified expenses in medical sector. Also, the coming to fore of advanced technologies and growing demand for proper diagnostic technologies are anticipated to stimulate further market growth. The worldwide tissue diagnostic market is fragmented on account of five categories. These include applications, consumers, technologies, products and geographical regions.
The various applications of the tissue diagnostic market are prostate cancers, breast cancers, gastric cancers, lymphoma cancers, and non-small cell lung cancers. Boosting demand for tissue diagnostic products across these applications is also likely to raise further demand for the market. Breast cancer diagnostics of the tissue diagnostic market are anticipated to undergo profitable growththrough the forecast period. This is on account of the rising occurrence of breast cancer. Gastric and prostate cancer diagnostics are also predicted to experience considerable growth over the forecast phase. Modifying dietary habits and growing geriatric population are responsible for the same.
The consumer sectors of the tissue diagnostic market include research laboratories, hospitals, contract research establishments and pharmaceutical establishments. Intensified demand for tissue diagnostics across these sectors is also projected to drive the sales of the tissue diagnostic market during the forecast phase. Hospitals are predicted to lead the market in the years to come. This is owing totheir huge effectivity and big procedural volume. Research laboratories are estimated to experience domineering growth in the future. Rising research and development initiatives account for this growth.
The different technologies of the tissue diagnostic market are special staining; immunohistochemistry; digital pathology and workflow; and in-situ hybridization. The sector of immunohistochemistry is projected to capture the biggest share through the forecast period.
The product sectors of the market include accessories and instruments. Accessories leaded the tissue diagnostic market in 2014. This was due to their wide usage in tissue diagnostic procedures.
North America was the dominating market in 2014. This was in view of favorable reimbursement amenities, increased cancer cases and rising demand for personalized medicines. Europe is estimated to be the second biggest money making tissue diagnostic market. This is owing to augmented awarenessamong patients.The developing nations of Asia Pacific, like China and India are predicted to undergo profitable expansion in the years to come. This is in view of rising disposable incomes, growing older population, augmented funding for cancer research and huge number of patients.
Information Source: Grand View Research