Immunohistochemistry (IHC) is a key technique used to visualize specific proteins in tissue sections, thus enabling the diagnosis of various diseases, especially cancer. The IHC market has grown due to the increase in cancer and other diseases that require diagnostic procedures.
The immunohistochemistry market is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2034. The global revenue of the immunohistochemistry market is estimated to reach $3.68 billion. in 2024.
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The immunohistochemistry (IHC) market is experiencing significant growth due to the increasing number of chronic diseases and the increasing demand for accurate diagnostic tools. IHC is an advanced laboratory technique used in pathology and biomedical research that uses the principles of antigen-antibody interaction to detect specific antigens in preserved tissue sections. This article discusses the current trends, challenges, and future prospects of the immunohistochemistry market.
The key driving factors influencing the immunohistochemistry market are technological advancements, increasing investment in research and development, and increasing demand for personalized medicine. The market includes a wide range of reagents, equipment and services, with a significant growth in the development of antibodies and related diagnostics. North America, Europe, and the Asia-Pacific region have seen significant growth, driven by advances in medical infrastructure and increased awareness of early disease detection. However, challenges such as high cost and demand for professionals hinder the growth of the market.
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Market Overview
Market Size (2024): USD 3.68 Billion
Projected Market Size (2034): USD 7.95 Billion
Compound Annual Growth Rate (CAGR) 2024-2034: 7.5%
Base Year: 2023
Historic Data: 2016-2022
Forecast Period: 2024-2034
Report Highlights
Key Insights: Analysis of production, consumption, company market share, company heatmaps, production capacity, growth drivers, and more.
Market Trends
Drivers
Increasing cancer incidence and ageing population
Technological innovations and advancements in immunohistochemistry diagnostics
Affordable reimbursement for immunohistochemistry tests
Increasing focus on digital pathology
Limitations
Adoption of alternative technologies in molecular diagnostics and research
Highly consolidated market
Opportunities
Increasing demand for precision/personalized medicine
Increasing adoption of companion diagnostics
Opportunities for growth in emerging markets
Integration of AI in immunohistochemistry
Challenges
Stringent regulatory requirements for tissue diagnostic equipment and consumables
Lack of standardization
Price Analysis
Average Selling Price of Immunohistochemistry Products, 2023
Reference Selling Price Trends of Immunohistochemistry Products, 2021-2023
Reference Selling Price Trends of Immunohistochemistry Products by Region, 2021-2023
Technology Analysis
Key Technologies
Automated Immunohistochemistry Systems
Multiplex Immunohistochemistry
Complementary Technologies
Chromogenic Detection
Fluorescent Detection
Adjacent Technologies
In situ Hybridization
Patent analysis
Methodology
Innovation and patent applications
Top patent applicants
Value chain analysis
Research and development
Manufacturing
Logistics and after-sales
Ecosystem analysis
Role of raw material suppliers
Role of product providers
Role of end users
Role of regulators
Market Segmentation
By Product
By Application
By End-use
By Region
Regional Coverage
North America
Europe
Asia-Pacific (APAC)
South America
Middle East and Africa
Key Market Players:
F. Hoffmann-La Roche Ltd
Agilent Technologies, Inc.
Danaher Corporation (Leica Biosystems)
Thermo Fisher Scientific Inc.
Merck KGaA (MilliporeSigma)
Bio-Rad Laboratories, Inc.
Abcam plc
Biocare Medical, LLC
Cell Signaling Technology, Inc. (CST)
PerkinElmer Inc.
Conclusion:
Overall, the immunohistochemistry market is expected to grow significantly, with an estimated compound annual growth rate (CAGR) of 7.5% from 2024 to 2034. application. Revenues will reach $3.68 billion by 2024, indicating current market momentum. Immunohistochemistry plays an important role in research and diagnosis by allowing the visualization of specific proteins and antigens in tissue samples, which is essential for accurate disease diagnosis and treatment planning. As technology and techniques advance, the importance of
