Histology And Cytology Market (By Type: Histology, Cytology; By Product : Instruments and Analysis; By Application: Clinical Diagnostics) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 - 2030

Published Date : Apr 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Histology And Cytology market size is expected to be worth around US$ 47.7billion by 2030, according to a new report by Vision Research Reports.

The global Histology And Cytology market size was valued at US$ 24.1 billion in 2020 and is anticipated to grow at a CAGR of 13.10% during forecast period 2021 to 2030.

Growth Factors

The factors contributing to market growth include increasing incidence of cancer, development of advanced tools for early disease diagnosis, implementation of immunohistochemistry, and innovation in microscopy.

In addition, organizations are collaborating for the standardization of cytopathology across the world, which is driving the market. For instance, in May 2020, International Agency for Research on Cancer (IARC) entered in collaboration with The International Academy of Cytology (IAC) for publishing a series of cytopathology reporting systems, for presenting an international approach that can be used for cytopathology of different body sites. The two organizations are engaged in the expansion and development of internationally recognized diagnostic reports for cancer and other precancerous disorders worldwide.

Moreover, companies are launching new and automated instruments for cytology which can be further attributed to the market growth. For instance, ELITechGroup Inc., in March 2020, launched Aerospray Cytology Slide Stainer Cytocentrifuge. It helps in the automation of the staining and preparation of specimens that are used in liquid-based cytology for facilitating the investigation of a collection of cell differentiation by using Papanicolaou staining techniques.

Report Highlights

The cytology segment dominated the market for histology and cytology and held the largest revenue share of 67.8% in 2020 and is expected to continue the trend during the forecast period. The integration of Artificial Intelligence (AI) for developing advanced cytology systems can be attributed to segment growth. For instance, in November 2020, Hologic, Inc. launched CE marked received Genius Digital Diagnostics System that combines artificial intelligence (AI) algorithm for offering digital imaging solutions to pathologists and cytotechnologists.

The system consists of an AI algorithm for efficient analysis of images, a digital imager system that helps in image acquisition, an image management server, and a reviewing station for a case review. Cervical cancer accounted for the largest share of 36.4% of the cytology segment revenue in 2020. According to WHO, the annual number of cervical cancer new cases is expected to rise from around 570,000 to 700,000 from 2018 to 2030.

Low- and middle-income countries particularly create a favorable environment for the emerging industry participants keen on establishing market presence; this is attributed to a comparatively high incidence of cancer. Hence, for reducing the mortality rate effective screening methods and early detection of Human Papillomavirus (HPV) are essential.

The WHO has recommended Papanicolaou cytology (Pap smear) for cervical cytology screening as it has the ability to detect precursor lesions of cervical cancer at low cost, with flexibility, and at high rates. Hence, an increase in the employment of innovative cytology solutions in cervical cancer screening is set to contribute to the growth of the market for histology and cytology.

Advanced histology technologies have improved the workflow by speeding up the diagnostic capabilities of clinical laboratories. Moreover, companies are focusing on integrating AI platforms in histology. For instance, in September 2020, Cernostics in collaboration with Deciphex evaluated the use of AI technology-based image analysis tools for facilitating early detection of cancer in patients with Barrett's esophagus. 

The consumables and reagents segment dominated the market for histology and cytology and held the largest revenue share of 58.9% in 2020. The segment is expected to continue its dominance from 2021 to 2028. Several consumables are used for the histology and cytology process such as tissue sample containers, kits, stain reagents, fixative solutions, medium reagents, and other reagents. The large share of the segment can be primarily attributed to the routine adoption of histology and cytology consumables.

In addition, companies are developing cost-effective kits and reagents, further driving the market for histology and cytology. For instance, in August 2020, Biocare Medical LLC in collaboration with Bethyl Laboratories released the TIGIT [BLR047F] antibody, a new rabbit monoclonal antibody, for qualitative identification of the TIGIT protein by using Immunohistochemistry (IHC). The antibody will be a cost-effective immunohistochemistry solution for pharmaceutical and biotech research institutions.

Instruments and analysis software system is expected to grow through 2021 to 2028 owing to increasing application of technologically advanced instruments such as multimodal nonlinear microscopy, photoacoustic microscopy and stimulated Raman spectroscopy for histopathology. However, the significant infrastructure costs, along with technical and practical limitations in the pathology industry have affected the adoption of such large-scale digital transformative solutions. Hence, the reduction in the cost of the digitization process will improve the rate of digital adoption in pathology.

The drug discovery and designing segment dominated the market for histology and cytology and accounted for the largest revenue share of 44.9% in 2020. The segment is expected to continue its dominance over the forecast period. The growth in the segment can be attributed to the wide use of histomorphometry and IHC staining in pharmaceutical and biotechnology companies for drug development. The image analysis is applied across several steps of drug discovery and development such as drug efficacy and safety studies, target validation, drug repositioning, patient stratification, and biomarker expression studies.

The clinical diagnostics segment is expected to witness a CAGR of 12.6% over the forecast period owing to the increasing application of histopathology studies for the diagnosis of different types of cancer. The cells and tissues are removed from suspicious lump sites for identifying abnormalities and malignancy. They are widely used for screening various types of cancers such as breast, bowel, and cervical cancer.

North America dominated the histology and cytology market and accounted for the largest revenue share of 41.4% in 2020. This growth in the region can be attributed to several factors such as high incidence of cancer, extensive R&D activities, presence of key players, and established research infrastructure for pathology services. In addition, the high rate of product approval and commercialization in the region is further contributing to the growth of the market for histology and cytology.

In the Asia Pacific, the market for histology and cytology is expected to witness the fastest growth rate of 14.5% from 2021 to 2028. The growth in the region is due to several factors such as rising cancer awareness, a large target population, and improving healthcare infrastructure. In addition, researchers are increasingly evaluating new cytology which is further fueling the growth of the market for histology and cytology in the region.

For instance, in February 2020, researchers in Japan evaluated the efficacy of liquid-based cytology over conventional cytology in cervical cancer screening. The results of the study indicated that liquid-based cytology was comparatively more useful than conventional cytology from practical standpoints.

Key Players

  • Hologic, Inc.

  • Abbott

  • Becton, Dickinson and Company

  • F. Hoffmann-La Roche Ltd

  • Merck KGaA

  • Thermo Fisher Scientific, Inc.

  • Danaher

  • Sysmex Corporation

  • Trivitron Healthcare

  • Koninklijke Philips N.V.

Market Segmentation

  • Type Of Examination Outlook

    • Histology

      • By Technique

        • Microscopy

        • Immunohistochemistry

        • Molecular pathology

        • Cryostat & Microtomy

    • Cytology

      • By Technique

        • Microscopy

        • Immunohistochemistry

        • Molecular pathology

        • Cryostat & Microtomy

      • By Application

        • Breast Cancer

        • Cervical Cancer

        • Bladder Cancer

        • Lung Cancer

        • Other Cancers

  • Product Outlook 

    • Instruments and Analysis Software System

    • Consumable and Reagents

  • Application Outlook 

    • Drug Discovery & Designing

    • Clinical Diagnostics

    • Research

  • Regional Outlook

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

      • Spain

      • Italy

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

The Histology And Cytology market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Histology And Cytology market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Histology And Cytology market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Histology And Cytology market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Histology And Cytology market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Histology And Cytology capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Histology And Cytology by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Histology And Cytology market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Histology And Cytology market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Histology And Cytology market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Histology And Cytology industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Histology And Cytology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Histology And Cytology market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Histology And Cytology market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Histology And Cytology market. These factors have benefited the growth of the global market for Histology And Cytology. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Histology And Cytology. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Histology And Cytology are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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