Histology and cytology are the scientific medical specialization that is related with the identification of diseases and other conditions. Histology is the study of the microscopic examination of cells and human tissues, as well as the structure and function. While, cytology is a field of life science that is emphasized with the study of human cells with regards to function, structure, and chemistry. The relevant tests are accomplished by setting the contaminated tissue or cell sample in an electron microscope or a light microscope that permits the scientists to examine the sample microscopic examination. Rise in frequency of cancer, technological development in diagnostic and molecular methods, rising standardization of pathological laboratories and favorable compensation for cancer screening and laboratory tests are some factors accountable for expansion of the market over the forecast amount.
According to the report analysis,’ Global Histology and Cytology Market is valued approximately at USD 12.5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 13.5% over the forecast period 2020-2026.’ there are numerous corporates which recently working more positively for leading the greatest value of the market share and dominating the great value of highest market expansion while reducing the associated values, employing the young workforce, delivering best client satisfaction, improving the specifications of the production technologies, escalating the awareness connected to the applications and advantages of such, executing the profitable and effective policies and strategies, analyzing and studying the competitive policies of competitors and government and improving the applications and specifications of the technologies includes Hologic, Inc., F. Hoffmann-La Roche Ltd., Merck KGaA, Thermo Fisher Scientific, Sysmex Corporation, Trivitron Healthcare, Abbott Laboratories, Becton, Dickinson & Company, Danaher Corporation and Koninklijke Philips N.V. However, safety and diagnostic accuracy problems and lack of awareness among the public for diagnostic tests are some factors expected to hinder the expansion of the market over the forecast period of 2020-2026.
The regional analysis of global Histology and Cytology market for the key regions includes Asia Pacific, North America, Europe, Latin America, and Remainder of the World. North America is the leading country across the globe which holds high market share because of the increasing cancer incidence rate, favorable government reimbursement policies, and the availability of sophisticated healthcare infrastructure in the region. Whereas, Asia-Pacific is additionally predicted to exhibit highest rate of growth over the forecast amount, owing to growing geriatric population, increasing cancer incidence and rise in awareness about cancer screening in the developing countries, like India and China.
Furthermore, quick developments in microscopy and immunohistochemistry are likely to spice up the demand for histology and cytology examinations. These developments embrace virtual microscopy, which is a form of static telepathology. Also, increasing disease burden in developed as well as developing economies is the key factor driving histology & cytology market growth. Moreover, technological advancement in the cell and tissue studies and also wide adoption of cytology tests in cancer detection and screening will render positive impact on the histology & cytology industry growth over the upcoming years.
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Ankur Gupta, Head Marketing & Communications