Factors such as the growing prevalence of cancer and rapidly increasing geriatric population across the globe are the primary driving the growth of this market.
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The immunohistochemistry (IHC) market is projected to reach USD 2.12 Billion by 2021, growing at a CAGR of 7.3% during the forecast period of 2016 to 2021.
Other factors driving the IHC market growth include increasing healthcare spending and improving healthcare infrastructure resulting in an increasing number of hospitals and diagnostic laboratories. Several manufacturers in the immunohistochemistry market are relied majorly on launching the new products in order to achieve growth in the immunohistochemistry market.
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The global immunohistochemistry market is segmented based on product, application, end user, and region. Based on product, the immunohistochemistry market is segmented into antibodies, reagents, equipment, and kits.
Based on application, the immunohistochemistry market is segmented into diagnostics and drug testing. The diagnostic segment is further divided into cancer, infectious diseases, cardiovascular diseases, autoimmune diseases, diabetes, and nephrological diseases.
On the basis of end user, the market is segmented into hospitals & diagnostic laboratories, research institutions, and other end users. This report also provides market information across major regional segments, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
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North America is the largest market for immunohistochemistry, followed by Europe, Asia-Pacific, Latin America, and the Middle East & Africa. However, Asia-Pacific possesses lucrative growth potential for the immunohistochemistry market during the forecast period.
The economic growth of APAC countries, rising number of chronic diseases, rising standard of living, growing demand for quality medical care, increasing healthcare spending and government initiatives, and rising awareness on the use of immunohistochemistry tests are expected to drive market growth of the Asia-Pacific region during the forecast period.
Key Points From Table Of Content:
5 Market Overview
5.2 Key Market Dynamics
5.2.1 Market Drivers
220.127.116.11 Growing Prevalence of Cancer
18.104.22.168 Rapidly Increasing Geriatric Population
22.214.171.124 Rapid Technological Developments in the Ivd Industry
126.96.36.199 Increasing Healthcare Spending
5.2.2 Market Restraints
188.8.131.52 Limited Reimbursements
184.108.40.206 Implementation of Excise Duty By the U.S. Government
5.2.3 Market Opportunities
220.127.116.11 Rapid Growth in the Emerging Markets of APAC and Latin America
18.104.22.168 Increasing Demand for Personalized Medicine
5.2.4 Market Challenge
22.214.171.124 Regulatory Restrictions
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12 Company Profiles
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
12.2 F. Hoffmann-LA Roche AG
12.3 Danaher Corporation
12.4 Agilent Technologies, Inc.
12.5 Thermo Fisher Scientific Inc.
12.6 Merck Millipore
12.7 Bio-Rad Laboratories, Inc.
12.8 Perkinelmer, Inc.
12.9 Abcam PLC
12.10 Cell Signaling Technology, Inc.
12.11 Bio SB
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