Market Size of Histology And Cytology Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 20.54 Billion |
| Market Size (2029) | USD 38.70 Billion |
| CAGR (2024 - 2029) | 13.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Histology and Cytology Market Analysis
The Histology and Cytology Market size is estimated at USD 20.54 billion in 2024, and is expected to reach USD 38.70 billion by 2029, growing at a CAGR of 13.5% during the forecast period (2024-2029).
COVID-19 had a significant impact on the growth of the market. This is mainly due to the development of new cytology and histology tests during the pandemic. For instance, an article published by Frontiers in January 2022 stated a new method for the sputum cytology test without direct contact with specimens during the COVID-19 pandemic. Moreover, in an article published by PubMed Central in February 2021, a study was conducted in India, which showed a 92.6% reduction in cytology samples received during the pandemic. Thus, the development of such new cytology methods and the reduction in cytology tests had a significant impact on the market during the pandemic period. However, as the pandemic has subsided, the studied market is expected to have normal growth during the forecast period of the study.
The propelling factors for the growth of the histology and cytology market include the rising prevalence of cancer, increasing standardization of pathological laboratories, and technological advancements in diagnostic and molecular techniques,
The increasing prevalence of cancer is a major factor driving the market growth as histology and cytology tests are majorly used to diagnose cancer. For instance, according to the data published by the Spanish Network of Cancer Registries in January 2021, an estimated 276.2 thousand new cases of cancer were diagnosed in Spain in the previous year out of which 43.6 thousand were colorectal cancer cases, 35.8 thousand were prostate cancer cases, and 33.4 thousand breast cancer cases were diagnosed.
Moreover, according to an article published by the Indian Journal of Medical Research in November 2022, it was estimated that in India, the incidence of cancer cases would likely increase from 1.46 million in the previous year to 1.57 million in two years. The national average for the year 2022 of the crude rate of incidence per 100,000 was 100.4 for males and 95.6 for females. Thus, the increasing prevalence of cancer worldwide is a major factor driving the market growth.
Furthermore, the developments such as product launches by various organizations and market players are also expected to boost the market growth, leading to a higher adoption of histology and cytology products. For instance, in June 2022, the Fine Needle Aspiration Cytology (FNAC) test facility has been launched at the Almora Medical College. This test helps in the detection of chronic diseases like cancer, at an early stage.
Thus, the above mentioned factors such as the rising prevalence of cancer and the increasing developments such as product launches by various organizations and market players are expected to drive the growth of the studied market during the forecast period. However, safety issues and diagnostic accuracy issues with histopathological and cytopathological tests and the lack of awareness among the public for diagnostic tests are expected to hinder the market growth.
