Immunohistochemistry Market: By Product, Reagents, Equipment, Kits ), By Application, Research Applications, Forensic applications), By End-User and Geography
Immunohistochemistry (IHC) Market size was valued at US$ 2.8 billion in 2023 and is poised to grow at a significant CAGR of 8.5% from 2024-2030. Since personalized medicine has shown to be quite successful in treating non-small-cell lung cancer patients, its use is anticipated to rise. By providing the most thorough and precise histological subtyping of tumors feasible, immunohistochemistry techniques enable this method of treatment decision-making (supported by predictive immunohistochemistry and the assessment of relevant biomarkers).
Additionally, the improved accessibility of immunohistochemical assays that identify mutant proteins (such as BRAF V600E and IDH1 R132H) offers a useful substitute or supplementary method to molecular testing. These methods are valuable novel tools in contemporary cancer care since they are highly reproducible, involve a manageable level of technical and interpretative complexity, and are accessible for comparatively little money. Furthermore, multiplex and mutation-specific immunohistochemistry tests are significant advances that have boosted value in targeted therapy and personalized medicine. The demand for IHC in disease diagnosis has increased significantly due to improvements in IHC methods. The market is growing due to the rise in product approvals and the introduction of technologically sophisticated IHC equipment for illness diagnostics. To improve their market position, businesses keep releasing innovative items that generate income. The leading players are launching new products, merging with other companies, expanding regionally, and engaging in other strategic efforts in the field of IHC to address the growing demand for IHC assays in cancer diagnostics.
Study Period
2024-2030Base Year
2023CAGR
8.5%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The aging population will benefit the growth of the IHC market in both established and developing regions. The prevalence of age-related disorders is anticipated to rise dramatically with the worldwide geriatric population's rapid growth. In 2019, there were 54 million senior persons living in the US, according to the OECD. Other wealthy nations have sizable and expanding geriatric populations as well. The chance of contracting diseases rises proportionately with age. Therefore, it is anticipated that the prevalence of various diseases will increase globally as the senior population grows. This is considered a significant element are propelling the IHC market for diagnostic applications. On the other hand, immunohistochemistry is expected to have a slow development rate due to the low specificity of IHC techniques and their expensive setup costs.
The Immunohistochemistry (IHC) market in North America is likely to hold a significant revenue share in 2022, and, in the following years, it is predicted to increase rapidly. Technological innovations in pathology such as automated tissue processing and scanning systems have simplified immunohistochemistry testing techniques, which is allowing laboratories to perform more tests with quality and accuracy in less time. This is expected to increase the productivity of immunohistochemistry laboratories and thereby pushing the market growth.
The CAGR for the Asia Pacific is anticipated to be the fastest during the projection period. This is mainly because the global players' geographic reach has increased in the Asian markets. Additionally, a sizable patient base in nations like China and India supplies a lot of clinical subjects for IHC R&D tests.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 2.8 billion |
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Market CAGR |
8.5% |
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By Product Type |
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By Application |
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By End User |
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The immunohistochemistry market size was valued at US$ 2.8 billion in 2023
The immunohistochemistry market key players are: Thermo Fisher Scientific Inc. Hoffmann-La Roche Ltd. Merck KGaA Danaher Corporation Perkinelmer, Inc. Bio-Rad Laboratories, Inc. Cell Signaling Technology, Inc. Bio SB Agilent Technologies, Inc. Abcam plc.
US is the biggest market for Immunohistochemistry Market followed by Europe region.
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.
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