Tissue Diagnostics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Tissue Diagnostics Market Growth and is Segmented by Product (Instruments and Reagents, and Consumables), Technology (Immunohistochemistry, In-Situ Hybridizations, Digital Pathology and Workflow Management, and Others), Application (Breast Cancer, Prostate Cancer, Gastric Cancer, and Other Cancers), and Geography (North America (United States, Canada, and Mexico), Europe (Germany, United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), Middle East and Africa (GCC, South Africa, and Rest of Middle East and Africa), and South America (Brazil, Argentina, and Rest of South America)). The Market Size and Forecast are Provided in Terms of Value (In USD) for the Above Segments.

Tissue Diagnostics Market Size

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Tissue Diagnostics Market Summary
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Study Period 2019 - 2029
Market Size (2024) USD 6.05 Billion
Market Size (2029) USD 8.34 Billion
CAGR (2024 - 2029) 6.64 %
Fastest Growing Market Asia-Pacific
Largest Market North America

Major Players

Tissue Diagnostics Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Tissue Diagnostics Market Analysis

The Tissue Diagnostics Market size is estimated at USD 6.05 billion in 2024, and is expected to reach USD 8.34 billion by 2029, growing at a CAGR of 6.64% during the forecast period (2024-2029).

COVID-19 significantly impacted the growth of the market studied, as there was a decrease in the volume of cancer diagnosis and treatment procedures due to several restrictions laid down by various healthcare authorities to cancel non-urgent and elective surgical procedures. For instance, according to the 2022 update by the National Health Service (NHS) of the United Kingdom, a decline in cancer diagnostic and treatment procedures was observed during the pandemic owing to a sharp drop in urgent referrals as people needed to stay at home due to the lockdown restrictions. However, according to the research published in May 2023 in Pathogens Journal, researchers reported that they detected the SARS-CoV-2 RNA in lung-cancer cells metastatic to the brain and adjacent brain parenchyma in a 63-year-old male patient with COVID-19 using tissue diagnostic technique. The pandemic had a significant negative impact during the pandemic. However, due to its advantages in diagnosing diseases, the demand for tissue diagnostics increased for several applications during the pandemic.

Tissue-based diagnostics serve as one of the most essential cancer diagnosis techniques, which are extensively used in the oncology field. With the growing burden of cancer, the demand for tissue diagnostics is also projected to increase. For instance, according to the October 2022 report of Macmillan Cancer Support, the incidence of cancer in the United Kingdom (UK) was growing, and the number of people living with cancer in the UK was projected to increase from 3.5 million in 2025 to 4 million by 2030. As per the source mentioned above, the incidence of cancer in the UK has risen by about 19% in the last decade, and the key factors responsible for this significant increase are the growing and aging population, cancer awareness, and improvement in the cancer diagnosis infrastructure in the country.

According to the July 2023 update of the Institut National Du Cancer, more than 433 thousand new cancer cases will be reported in France in 2023, of which 57% will be men and 43% women. As per the same source, the top three most prevalent forms of cancer in men were prostate, lung, and colorectal, respectively. Similarly, in women, breast cancer was the most prevalent form of cancer, followed by colorectal and lung cancer. Hence, the increasing prevalence of cancer is expected to drive the demand for tissue diagnostics instruments and reagents.

The companies in the area are investing heavily in the research and development and enhancement of tissue diagnostics technology, which is expected to increase its accuracy and introduce novel products. This is expected to boost the adoption and usage of tissue diagnostic products, thereby driving the market over the forecast period. For instance, in July 2023, Quest Diagnostics, in collaboration with Envision Sciences, launched a novel prostate cancer biomarker test in tissue through its subspecialty pathology business, AmeriPath. The new, tissue-based test service is intended to address the pressing clinical need for tests to help identify and differentiate potentially aggressive cases of prostate cancer in men.

Therefore, the growing prevalence of cancer, technological advancements, and the launch of new devices are projected to drive the growth of the tissue diagnostics market during the forecast period. However, the high diagnostics cost and reimbursement issues are expected to restrain the market studied.

Tissue Diagnostics Market Trends

Breast Cancer Segment is Expected to Register a Significant Growth During the Forecast Period

Breast cancer is the common term for a set of breast tumor subtypes with distinct molecular and cellular origins and clinical behavior. The breast cancer segment holds a significant share of the market studied. It is expected to follow the same trend over the forecast period owing to the increasing burden of breast cancer worldwide. For instance, according to the American Cancer Society report of 2023, it was estimated that about 13% of women in the United States will develop invasive breast cancer during their life. As per the same source, breast cancer was one of the most prevalent forms of cancer diagnosed in the United States (US), and it was estimated that about 300.6 thousand new cases of breast cancer will be diagnosed in the US in 2023, compared to 290.6 thousand patients in 2022.

According to the report published by the Italian Association of Medical Oncology (AIOM), the Italian Association of Cancer Registries (AIRTum), and others in December 2022, more than 391 thousand new cases of cancer were reported in 2022 in Italy, of which breast cancer was the most prevalent form of cancer, followed by colorectal, lung, prostate, and bladder cancer. Thus, the increasing prevalence of breast cancer is projected to drive the demand for advanced diagnostic tools, like tissue diagnostics, which is expected to boost the segment's growth.

New product launches by the market players in the area are further expected to support the growth of the segment over the forecast period. The demand and adoption of technologically advanced tissue diagnostics products are increasing due to the massive demand for cancer diagnostics and disease monitoring. For instance, in September 2023, Ibex Medical Analytics launched Galen Breast HER2, which is an artificial intelligence-powered solution that helps pathologists set a higher standard for accurate and reproducible HER2 (human epidermal growth factor receptor 2) scoring in patients who have breast cancer.

Hence, due to the rising prevalence of breast cancer, its high risk among women, and the launch of technologically advanced products, the demand for tissue diagnostics in breast cancer diagnosis is projected to increase during the forecast period.

Tissue Diagnostics Market: Estimated Number of Breast Cancer Cases (in Million), By Sex, United States, 2022

North America is Expected to hold the Largest Share in the Tissue Diagnostics Market During the Forecast Period

Cancer is one of the most prevalent chronic diseases in the North American region, and cancer incidence is increasing yearly. This increase in cancer cases is projected to accelerate the demand for advanced diagnostic products, such as instruments and reagents, thereby boosting the demand for tissue diagnostic products over the forecast period. For instance, according to the American Cancer Society's (ACS) report for 2021 and 2023, the estimated incidence of cancer cases increased from 1.91 million in 2021 to 1.96 million in 2023, an increase of more than 60 thousand cases in just two years. This data shows a rapid rise in the incidence of cancer cases in the country. Over the forecast period, the incidence is expected to increase, raising the demand for precise diagnostic products to provide therapies at an early stage.

According to the ACS 2023 report, the most prevalent form of cancer in the United States will be associated with the genital, digestive, breast, and respiratory systems, respectively. These four cancer types will account for more than 67% of cancer cases diagnosed in 2023 in the United States. Similarly, as per the Canadian Cancer Society's (CCS) 2022 report, about 233.9 thousand new cancer cases were reported 2022 in Canada, compared to 229.2 thousand in 2021. As per the CCS's 2021 report published in November 2021, two out of five Canadians were at risk of having cancer during their lifetime. Hence, the growing burden of cancer is projected to be one of the major driving factors for the tissue diagnostics market owing to its high accuracy and effectiveness in detecting cancer.

Moreover, with the rising burden of cancer in the region, the companies and other stakeholders in the area are investing heavily in the research and development of novel tissue diagnostic products for cancer, and approval of these products is not only expected to increase the availability of technologically advanced products but also increase the competition in the market, thereby benefiting the end users such as hospitals and cancer diagnostic centers. Hence, the approval and launch of novel products and investments in the country are further expected to boost the growth of the market studied over the forecast period. For instance, in September 2022, Roche launched its BenchMark ULTRA PLUS tissue staining system, enabling quick and accurate test results to take patient care decisions. As per the company, by applying reagents to tissue on glass slides with the BenchMark ULTRA PLUS system, a healthcare professional can identify cancer biomarkers to determine the presence or absence of critical drivers that feed the unhealthy cells and, in many cases, the type of therapy that could be used to combat them.

Therefore, the growing incidence of cancer and its risk factors and the launch of novel tissue diagnostics products are expected to boost the growth of the tissue diagnostics market in the North American region over the forecast period.

Tissue Diagnostics Market- Growth Rate by Region

Tissue Diagnostics Industry Overview

The tissue diagnostics market is competitive in nature due to the presence of several big-sized companies operating globally as well as regionally. The competitive landscape includes analyzing a few well-known international and local companies with significant market shares. The global players in the tissue diagnostics market are Abbott Laboratories, Agilent Technologies Inc., Danaher Corporation, F. Hoffmann-La Roche Ltd, and Thermo Fisher Scientific.

Tissue Diagnostics Market Leaders

  1. Abbott Laboratories

  2. Agilent Technologies, Inc.

  3. F. Hoffmann-La Roche Ltd

  4. Merck KGaA

  5. Thermo Fisher Scientific

*Disclaimer: Major Players sorted in no particular order

Tissue Diagnostics Market Concentration
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Tissue Diagnostics Market News

  • July 2023: Quest Diagnostics launched a novel tissue-based prostate cancer biomarker test, AmeriPath, through its subspecialty pathology business. As per the company, the new, tissue-based test was developed in collaboration with Australia-based Envision Sciences. It is intended to address the pressing clinical need for tests to help identify and differentiate potentially aggressive cases of prostate cancer in men.
  • March 2023: Aptamer Group developed a new reagent, Optimer-Fc, for automated immunohistochemistry (IHC) workflows to detect if cells have cancer or other disease markers.

Tissue Diagnostics Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Burden of Cancer

      2. 4.2.2 Growing Healthcare Expenditure

      3. 4.2.3 Technological Advancements in Tissue Diagnostics

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Diagnosis and Reimbursement Issues

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value in USD)

    1. 5.1 By Product

      1. 5.1.1 Instruments

      2. 5.1.2 Reagents and Consumables

    2. 5.2 By Technology

      1. 5.2.1 Immunohistochemistry

      2. 5.2.2 In-situ Hybridization

      3. 5.2.3 Digital Pathology and Workflow Management

      4. 5.2.4 Other Technologies

    3. 5.3 By Application

      1. 5.3.1 Breast Cancer

      2. 5.3.2 Prostate Cancer

      3. 5.3.3 Gastric Cancer

      4. 5.3.4 Other Cancers

    4. 5.4 By Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbott Laboratories

      2. 6.1.2 Agilent Technologies Inc.

      3. 6.1.3 BioGenex Laboratories

      4. 6.1.4 ILLUMINA Inc.

      5. 6.1.5 Danaher Corporation

      6. 6.1.6 F. Hoffmann-La Roche Ltd

      7. 6.1.7 Qiagen NV

      8. 6.1.8 Merck KGaA

      9. 6.1.9 Thermo Fisher Scientific Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments
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Tissue Diagnostics Industry Segmentation

As per the scope of the report, tissue diagnostics involves monitoring and diagnosis of different stages of cancer. The tissue diagnostics market is segmented by product(instruments and reagents, and consumables), technology (immunohistochemistry, in-situ hybridizations, digital pathology and workflow management, and other technologies), application (breast cancer, prostate cancer, gastric cancer, and other cancers), and geography (North America (United States, Canada, and Mexico), Europe (Germany, United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia-Pacific), Middle East and Africa (GCC, South Africa, and Rest of Middle East and Africa), and South America (Brazil, Argentina, and Rest of South America)). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the market size in value terms in USD for all the abovementioned segments.

By Product
Instruments
Reagents and Consumables
By Technology
Immunohistochemistry
In-situ Hybridization
Digital Pathology and Workflow Management
Other Technologies
By Application
Breast Cancer
Prostate Cancer
Gastric Cancer
Other Cancers
By Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Tissue Diagnostics Market Research FAQs

The Tissue Diagnostics Market size is expected to reach USD 6.05 billion in 2024 and grow at a CAGR of 6.64% to reach USD 8.34 billion by 2029.

In 2024, the Tissue Diagnostics Market size is expected to reach USD 6.05 billion.

Abbott Laboratories, Agilent Technologies, Inc., F. Hoffmann-La Roche Ltd, Merck KGaA and Thermo Fisher Scientific are the major companies operating in the Tissue Diagnostics Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Tissue Diagnostics Market.

In 2023, the Tissue Diagnostics Market size was estimated at USD 5.65 billion. The report covers the Tissue Diagnostics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Tissue Diagnostics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Tissue Diagnostics Industry Report

Statistics for the 2024 Tissue Diagnostics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Tissue Diagnostics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Tissue Diagnostics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)