Histology Equipment Market to exceed USD 1630 Mn by 2024

September 27, 2019

According to the new research report available at MarketStudyReport.com under the title ‘Global Histology Equipment Market Growth 2019-2024’, the worldwide histology equipment market is predicted to surpass US $1630 million by the year 2024.

Histology equipment includes tools & devices used for slicing, probing, analysis, tissue dissection, preparation, and staining that help in producing high-quality samples. Any histology process involves implanting tissue followed by a chopping or slicing step for slide preparation.

Increasing demand for tools such as microtomes, freezing strainers, cryostats, tissue choppers, automated stainers, and perfusion chambers & systems will propel the growth of histology equipment market. Other factors augmenting the industry growth are growth in immunohistochemistry experiments, rising R&D activities, and advancements in technology.

According to the report, histology equipment market was worth US $1180 million in 2019 and is predicted to register a growth rate of 5.5% CAGR by the year 2024. Furthermore, histology equipment market has expanded smoothly with an average growth rate of 5% in past few years and total production was estimated to be 38500 units in 2015.

The worldwide histology equipment market is examined on the basis of application spectrum, product type, and geographical outlook. Speaking of the application spectrum, the market is fragmented as research laboratories, pharmaceutical companies, hospitals, and others. Hospitals segment led the histology equipment market with 40% share in 2015.

Considering the product type, the market is segmented as tissue-processing systems, slide-staining systems, scanners and others, wherein the tissue-processing systems segment held 55% market share in 2015.

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Based on the geographical outlook, histology equipment market is bifurcated into four major regions; China, India, Australia, Japan, Southeast Asia, and Korea fall under Asia Pacific; Europe consists of Germany, UK, France, Italy, Spain, and Russia; Americas comprises of Brazil, the U.S., Mexico, and Canada; and Egypt, Turkey, GCC Countries, South Africa, and Israel come under Middle East & Africa.

The prominent manufacturers operating in histology equipment market include Biocare, Leica, Intelsint, Roche, Sakura Finetek, Thermo Fisher, BioGenex, and Agilent.