PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550546
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1550546
Global histology and cytology market is estimated to be valued at USD 19.52 Bn in 2024 and is expected to reach USD 47.12 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 13.4% from 2024 to 2031.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2024: | US$ 19.52 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
Forecast Period 2024 to 2031 CAGR: | 13.40% | 2031 Value Projection: | US$ 47.12 Bn |
Global histology and cytology market growth is driven by rising prevalence of chronic diseases worldwide. Histology and cytology procedures play a crucial role in disease diagnosis and pathological examinations. Factors such as growing geriatric population, increasing healthcare expenditures, and technological advancements in laboratory equipment boosts demand for histology and cytology services. However, high installation and maintenance costs of advanced instruments can hamper the market growth.
Global histology and cytology market growth is driven by rising geriatric population and corresponding increase in prevalence of various cancers and infectious diseases. Moreover, increasing healthcare spending and favorable government initiatives to promote effective diagnostics can also drive the market growth. However, high costs associated with advanced laboratory equipment and scarcity of pathology professionals can pose challenges to market growth. Ongoing R&D in digital pathology and development of artificial intelligence-based image analysis systems can present lucrative market growth opportunities.
This report provides in-depth analysis of the global histology and cytology market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global histology and cytology market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Danaher Corporation, F. Hoffmann-La Roche Ltd., Hologic, Inc., Sysmex Corporation, Abbott Laboratories, Becton, Dickinson and Company
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global histology and cytology market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global histology and cytology market
Detailed Segmentation-