News 3 days ago

Immunohistochemistry Market to Exceed USD $3.34 Billion by 2027

The Associated Press

SELBYVILLE, Del. - December 3, 2019 - ( Newswire.com )

​According to the new research report available at MarketStudyReport.com under the title " Immunohistochemistry Market to 2027 - Global Analysis and Forecasts By Application (Diagnostics, Drug Testing); Product (Antibodies, Equipment, Reagents, Kits); End User (Hospitals and Diagnostic Laboratories, Research Institutes, Others) and Geography", the worldwide immunohistochemistry market is anticipated to accumulate U.S. $3.34 billion by the year 2027.

Growing occurrence of infectious and chronic diseases, a rising geriatric population, and increasing research & development investments in biopharmaceutical & biotechnology industries are some of the driving factors of the immunohistochemistry market and are anticipated to boost the market over the forecast timeframe.

Increasing urbanization and the rising number of middle-income people are encouraging manufacturers to produce medicines at a reasonable cost, which is further propelling the growth of the immunohistochemistry market. However, restrictions and shortcomings associated with immunohistochemistry are expected to have a negative impact on the market's growth over the forecast timeframe. In addition, emerging opportunities in developing countries are predicted to have a positive impact on the overall industry's growth.

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According to the report, the immunohistochemistry market was worth U.S. $1.78 billion in 2018 and is expected to expand at a CAGR of 7.3% through the year 2027. Furthermore, according to the World Health Organization, the population around the world is growing by 1.2% per year, leading to a demographic shift towards the elderly population, thereby escalating the adoption of immunohistochemistry.

The immunohistochemistry market is examined on the basis of product, application, end-user, and regional outlook. Based on the product type, the market is segmented as equipment, antibodies, kits, and reagents. While speaking of the application spectrum, the market is fragmented into drug testing and diagnostics, wherein the diagnostics segment dominated the immunohistochemistry market in 2018, cites the report.

Considering the end-user, the market is segmented into research institutes, diagnostic laboratories, hospitals, and others. While based on the regional outlook, the global immunohistochemistry market is segmented into five regions which are the Asia-Pacific, Europe, South America, North America, and the Middle East and Africa.

The prominent companies of immunohistochemistry market are Hoffmann-La Roche Ltd., Bio SB, Merck KGaA, Cell Signaling Technology, Inc., PerkinElmer, Inc., Abcam Plc., Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Danaher, and Bio-Rad Laboratories, Inc.

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Question & Answer: Immunohistochemistry Market

Question 1: Which factors will propel the growth of the immunohistochemistry market?

Answer: Growing occurrence of infectious and chronic diseases, a rising geriatric population, and increasing research & development investments in biopharmaceutical & biotechnology industries are some of the driving factors of the immunohistochemistry market and are anticipated to boost the market over the forecast timeframe. Increasing urbanization and the rising number of middle-income people are encouraging manufacturers to produce medicines at a reasonable cost, which is further propelling the growth immunohistochemistry market.

Question 2: Will the various segmentations impact the immunohistochemistry market trends?

Answer: The immunohistochemistry market is examined on the basis of product, application, end-user, and regional outlook. Based on the product type, the market is segmented into equipment, antibodies, kits, and reagents. While speaking of the application spectrum, the market is fragmented into drug testing and diagnostics, wherein the diagnostics segment dominated the immunohistochemistry market in 2018.

Question 3: What growth rate will be displayed by the immunohistochemistry market in the forthcoming years?

Answer: The worldwide immunohistochemistry market is anticipated to accumulate U.S. $3.34 billion by the year 2027. According to the report, the immunohistochemistry market was worth U.S. $1.78 billion in 2018 and is expected to expand at a CAGR of 7.3% through the year 2027.

Question 4: How is the competitive landscape of the immunohistochemistry market defined?

Answer: The prominent companies of the immunohistochemistry market are Hoffmann-La Roche Ltd., Bio SB, Merck KGaA, Cell Signaling Technology, Inc., PerkinElmer, Inc., Abcam Plc., Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., Danaher, and Bio-Rad Laboratories, Inc.

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Original Source: Immunohistochemistry Market to Exceed USD $3.34 Billion by 2027