The global histology and cytology market size
is expected to reach USD 26.9 billion by 2025, according to a new report by
Grand View Research, Inc. Globally, the increasing incidence of cancer and
growing adoption of cytological tests due to its less invasive nature as
compared to biopsy & higher reliability are likely to drive the market
during the forecast period.
Furthermore, rising well-equipped
clinical laboratories in developing countries and favorable reimbursement for
cancer screening and laboratory tests are likely to positively affect the
market growth. Advancements in the cytology and histology save the time for
pathologists, hence this makes the service more cost-effective.
Cytology was the largest segment
in the histology and cytology market in 2016 and is expected to maintain its
dominance during the forecast period due to the recent entry of various tests
for cytological testing and advantages over histology such as faster analysis
and economical technique.
Cytology is further segmented into
cervical, breast, and other cancers based on its application. Cervical cancer
segment dominated in 2016 due to higher incidence and growing demand of test
for the cervical cancer screening. Furthermore, breast cancer was considered as
the second largest segment due to rising awareness about breast cancer
screening in emerging countries.
Browse full research report on Global
Histology and Cytology Market: http://www.grandviewresearch.com/industry-analysis/histology-and-cytology-market
Further Key Findings From
the Report Suggest:
- Rising incidence of cancer and growing investment by players are expected to propel growth at the fastest rate with a CAGR of 13.5% from 2017 to 2025
- Cytology testing segment dominated in 2016 and is estimated to account for majority of the share by 2025.
- Cytological testing for cervix is the largest contributing segment of the market. This can be attributed to high incidence and more adoption of the test for cervix screening.
- The U.S. market was the largest in 2016 and is expected to maintain its dominance during forecast period due to higher awareness about screening and higher healthcare expenditure as compared to the developing countries.
- In February 2014, Roche launched a new test for cervical cancer screening, Automated CINtec PLUS cytology test, which improves the detection of cervical precancer.
- The industry in Asia Pacific is projected to witness substantial growth over the next decade owing to growing investment by several clinics in the region, growing healthcare expenditure, and increasing adoption of screening tests.
- Some of the key players operating are Abbott Laboratories; Becton, Dickinson and Company; F. Hoffmann-La Roche Ltd.; Hologic, Inc.; Life Technologies Corporation; Sysmex Corporation; Thermo Fisher Scientific, Inc.; and Trivitron Healthcare.
Grand View Research has segmented the global histology and
cytology market on the basis of type of examination and region:
Type of Examination Outlook (Revenue, USD Million, 2014 -
2025)
- Cytology
- Cervical Cancer
- Breast Cancer
- Other Players
- Histology
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- Asia Pacific
- Japan
- China
- Central & South America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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