The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Global Immunohistochemistry Market Dynamics:
Global immunohistochemistry (IHC) market is witnessing significant growth owing to increasing geriatric population, growing healthcare expenditure and increasing awareness about histopathology. Also, the growing prevalence of chronic diseases including cancer, cardiovascular disease, infectious diseases, autoimmune diseases, diabetes mellitus, and nephrological diseases is supporting the growth of the immunohistochemistry market.
The rapid growth in emerging economies and technological development in the in vitro diagnostics industry is likely to create opportunities for the manufacturers of immunohistochemistry kit, equipment and reagent. However, the high cost of IHC equipment is the key factor hindering the growth of the global market.
A significant ascent in healthcare spending and move in the spotlight on esteem based medicinal services arrangements can also prompt development of the immunohistochemistry showcase over the gauge time frame. As specified by the Centers of Medicare and Medicaid Services (CMS) projections, the National Health Expenditure is forecast to ascend at a normal of 5.5% consistently from 2019 to 2027. It is relied upon to stretch around US$ 5.7 trillion by 2027.
Clinics and care offices are implementing an increasingly explicit and focused treatment for good results and to build up a move esteem based healthcare conveyance.
Antibodies segment dominated the market because of important market drivers such as growing demand for personalized medication and technological advancement in biological for the treatment of chronic diseases.
Cancer is dominating a segment of the immunohistochemistry market, by an application. The large share of diagnostic application in cancer diseases can be attributed to the rising prevalence of cancer, rapidly growing geriatric population in developed countries.
Global Immunohistochemistry Market Regional Analysis:
North America accounted for the major share of the global immunohistochemistry market, followed by Europe and the Asia-Pacific. Growth in the developed markets like North America and Europe is mostly driven by the well-established healthcare industry, easy accessibility to advanced technologies, and increasing opportunities for advanced cancer diagnostic testing and cancer screening. North America Immunohistochemistry Market was worth US$ 530Mn in 2019 and estimated to be growing at a CAGR of 7.6%.
Europe has been the second largest market for immunohistochemistry, where the market is driven by the presence of a large pool of cancer patients, growing healthcare expenditure and rapidly developing healthcare infrastructure. The Europe Immunohistochemistry Market was worth US$ 440Mn in 2019 and estimated to be increasing at a CAGR of 7.45%. In 2019, Germany lead the European immunohistochemistry market and it is also expected to grow at the fastest rate in Europe, during the forecast period.
Various players are operating in global immunohistochemistry market. One of the major players is F. Hoffman-La Roche AG Company. The F. Hoffman-La Roche AG commanded a share of 23% of the global immunohistochemistry market in 2019. The company is a leading immunohistochemistry product manufacturer and supplies its products to research laboratories, pharmaceutical companies, hospitals, & contract research organizations.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Immunohistochemistry Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the Global Immunohistochemistry Market.
Global Immunohistochemistry Market, Key Highlights:
• Global Immunohistochemistry Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Immunohistochemistry Market
• Global Immunohistochemistry Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Immunohistochemistry Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Immunohistochemistry Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Immunohistochemistry Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
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Scope of Global Immunohistochemistry Market: Inquire before buying
Global Immunohistochemistry Market, by Product
Global Immunohistochemistry Market, by Application
o Infectious Diseases
o Cardiovascular diseases
o Autoimmune Diseases
o Diabetes mellitus
o Nephrological Diseases
• Drug Testing
Global Immunohistochemistry Market, by End User
• Hospitals and Diagnostic Laboratories
• Research Institutes
Global Immunohistochemistry Market, Key Players
• F. Hoffmann-LA Roche AG
• Danaher Corporation
• Agilent Technologies, Inc.
• Thermo Fisher Scientific Inc.
• Merck Millipore
• Bio-Rad Laboratories, Inc.
• Perkinelmer, Inc.
• Abcam PLC
• Cell Signaling Technology, Inc.
• Bio SB
• Shimadzu Corporation
• Qiagen N.V.
• PerkinElmer, Inc.
• Abbott Diagnostics
• Meridian Life Science, Inc.
• SDIX, LLC
• A.G. Scientific, Inc.
• Gallus Immunotech, Inc.
• Lonza Biologics Ltd.
• Takara Bio, Inc.
• Beckman Coulter, Inc.
• Promega Corporation
• Wako Pure Chemical Industries Ltd.
• Waters Corp.
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