According to a new market research study titled ‘Immunohistochemistry to 2027 – Global Analysis and Forecasts by Application, Product, and End User.’ The global Immunohistochemistry market is expected to reach US$ 3,347.57 Mn in 2027 from US$ 1,787.45 Mn in 2018. The market is estimated to grow with a CAGR of 7.3% from 2019-2027. The report highlights the trends prevalent in the global Immunohistochemistry market and the factors driving the market along with those that act as hindrances.
The global Immunohistochemistry market, based on the application, is segmented into diagnostics and drug testing. In 2018, the diagnostics segment held the largest market share of the Immunohistochemistry market. This segment is also expected to dominate the market in 2027 because the therapeutic applications enable evaluating the therapeutic techniques based on the immunological results
The market for Immunohistochemistry is expected to grow, owing to factors such as the growing incidence of cancer and chronic diseases across the globe, increasing geriatric population, increasing R&D investments by biotechnology & biopharmaceutical companies. In addition, development opportunities in emerging countries are likely to have a positive impact on the growth of the market in coming years.
The major players operating in the Immunohistochemistry market include Danaher, Merck KGaA, Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Abcam Plc, Agilent Technologies, Bio SB, Bio-Rad Laboratories, Inc., Cell Signalling Technology, Inc., and F. Hoffmann-La Roche Ltd. among others. The market has observed various organic as well as inorganic developments during recent years in the Immunohistochemistry market. For instance, in November 2016, Roche has launched the DISCOVERY 5-Plex procedure and reagents for Immunohistochemistry (IHC) research applications.
Global Immunohistochemistry market, By Regions, 2018 (%)
The report segments the Global Immunohistochemistry Market as follows:
Global Immunohistochemistry market – By Application
Global Immunohistochemistry market – By Product
Global Immunohistochemistry market – By End User
Global Immunohistochemistry market – By Geography
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