Global Histopathology Testing Equipment Market: Overview
Histopathology can be defined as the examination of various diseases that are liked to tissues. Conducted with the help of microscopes, products in the global histopathology testing equipment market examine the characteristics of these diseases. They are widely used in medical as well as pathological laboratories across the world for the purpose of biological examinations. Most notably, rising demand for histopathological analysis of melanoma has significantly aided in the expansion of the global histopathology testing equipment market.
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Emergence as well as fast paced adoption of various new technologies has created countless opportunities for various industry verticals on the planet. Similarly, growing adoption of artificial intelligence or AI technologies in products in the global histopathology testing equipment market is anticipated to fast track the growth of the industry in coming years. Solutions in the global histopathology testing equipment market include consumables such as reagents, testing kits, and probes, among others. Certain testing instruments provided by the players in global histopathology testing equipment market include tissue processors, cryostats, microtome, and cover slippers, among others.
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Global Histopathology Testing Equipment Market: Key Trends and Drivers
Increasing instances of cancer cases as well as rising prevalence of various chronic diseases and chronic pain conditions are anticipated to favour the growth trajectory of the global histopathology testing equipment market in coming years. Furthermore, rising demand for advanced and technologically enhanced histopathology solutions is fuelling both – the consumer demand as well as need for product and technology innovations in the global histopathology testing equipment market. Moreover, increasing cases of melanoma have also aided in the expansion of the global histopathology testing equipment market in recent years.
Rising awareness amongst global population regarding early and timely diagnosis of melanoma as well as growing number of referrals from general practitioners has bolster the demand in global histopathology testing equipment market. Furthermore, rising demand for anatomic pathology services owing to notable increase in usage of anatomic consumables as well as testing instruments is bound to bolster the rising demand in global histopathology testing equipment market in coming years.
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Global Histopathology Testing Equipment Market: Major Players and Manufacturers
Few of the major incumbent players operating within the global histopathology testing equipment market include Thermo Fisher Scientific, Abbott Laboratories, Omnyx, Sakura Fintek, Advanced Cell Diagnostics, Inc., Abcam, and Monogram Biosciences, among others. Players and manufacturers in the global histopathology testing equipment market are majorly involved in new product launches as well as product innovations in a bid to capture a larger consumer base. For example, Leica Biosystems developed rotary microtome solutions that offer superior sectioning as well as enhanced user safety.
Several players and companies in the global histopathology testing equipment market are also involved in mergers and acquisitions as key strategies to expand both their consumer base as well as product portfolio. For example, Bio-Techne entered into an agreement which enabled them to acquire Exosome Diagnostics in a bid to advance their current position in global histopathology testing equipment market. Similarly, Merck KGgA entered in an agreement with HistoCyte Laboratories, Ltd. in June of 2018 with an intention of selling products for immunohistochemistry as well as situ hybridization.
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Global Histopathology Testing Equipment Market: Regional Assessment
Geographically, North America accounted for a major portion of the global histopathology testing equipment market in recent years. This leading position of North America histopathology testing equipment market can be attributed to the strong presence of prominent and leading players as well as developed and technologically enhanced healthcare infrastructure in the region. Another region expected to witness significant growth opportunities in global histopathology testing equipment market in coming years is Asia Pacific. This trend can be attributed to fast paced development of healthcare and medical infrastructure in the region.
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