The North America cancer tissue diagnostics market is expected to reach US$ 1,587.38 Mn in 2027 from US$ 923.79 Mn in 2018. The market is estimated to grow with a CAGR of 6.5% from 2019-2027.
The growth of the market is driven by the factors such as, growing cancer prevalence in North American region and new product launches & FDA approvals. However, the market is likely to slower down its growth due to the lack of reimbursement policies for cancer diagnosis in the region.
Frequent FDA approvals and product launches fuel the growth of the market for cancer tissue diagnostics. Most of the major market players are involved in the manufacturing wide range of cancer diagnostics products that offer maximum advantages and early diagnosis. For instance, in June 2019, Agilent Technologies Inc. received the U.S. Food and Drug Administration (FDA) approval for its PD-L1 IHC 22C3 pharmDx assay. The assay is approved to aim in identifying patients with head and neck squamous cell carcinoma (HNSCC) for treatment with KEYTRUDA (pembrolizumab), anti-PD-1 therapy manufactured by Merck. Furthermore, In March 2018, Agilent Technologies Inc. launched a new color for immunohistochemistry: HRP Magenta for Dako Omnis. The latest staining characteristics of the chromogen will help it for the assessment of skin and lung tissue. Thus, the constant developments in technology in diagnostics along with, FDA approvals accelerate the market growth during the forecast period.
US is expected to lead the market in the North America region owing to increasing prevalence of cancer, improved diagnosis and treatment of the condition along with the advancements made by market players. Moreover, the country has several hospitals, super specialty hospitals which offers diagnostic and treatment services for the cardiovascular diseases. Therefore, considering the above mentioned factors the growth of the market in the country is likely to contribute largest share in the North America region during the forecast period.
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NORTH AMERICA CANCER TISSUE DIAGNOSTICS – MARKET SEGMENTATION
By Test Type
- Immunohistochemical Tests
- Breast Cancer
- Colorectal Cancer
- Prostate Cancer
- Stomach Cancer
- Others
- In Situ Hybridization Tests
- Breast Cancer
- Lung Cancer
- Bladder Cancer
- Others
Company Profiles
- F. Hoffmann-La Roche Ltd
- Thermo Fisher Scientific Inc.
- Bio Rad Laboratories Inc.
- Abbott
- Enzo Life Sciences, Inc.
- Agilent Technologies, Inc.
- Cancer Genetics Inc.
- Merck KGaA (Sigma-Aldrich Co. LLC)
- Danaher Corporation
- Abcam plc
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Test Type and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
2. North America Cancer Tissue Diagnostics Market – Key Takeaways
3. North America Cancer Tissue Diagnostics Market – Market Landscape
3.1 Overview
3.2 Market Segmentation
3.2.1 North America Cancer Tissue Diagnostics Market – By Test Type
3.2.2 North America Cancer Tissue Diagnostics Market – By Country
3.3 PEST Analysis
4. North America Cancer Tissue Diagnostics Market - Key Market Dynamics
4.1 Key Market Drivers
4.1.1 Growing Cancer Prevalence in North American Region
4.1.2 New Product Launches & FDA Approvals
4.2 Key Market Restraints
4.2.1 Lack of Reimbursement Policies for Cancer Diagnosis
4.3 Key Market Opportunities
4.3.1 Growing Medical Tourism In Mexico
4.4 Future Trends
4.4.1 Inclination Towards Personalized Medicine
4.5 Impact Analysis
5. Cancer Tissue Diagnostics Market – North America Analysis
5.1 North America Cancer Tissue Diagnostics Market Revenue Forecasts And Analysis
5.2 Performance of Key Players
6. North America Cancer Tissue Diagnostics Market Analysis – By Test Type
6.1 Overview
6.2 North America Cancer Tissue Diagnostics Market By Test Type, 2018 & 2027 (%)
6.3 North America Cancer Tissue Diagnostics Market Revenue And Forecasts To 2027, By Test Type (US$ Mn)
6.4 Immunohistochemical Tests Market
6.4.1 Overview
6.4.2 North America Immunohistochemical Tests Market Revenue and Forecasts to 2027 (US$ Mn)
6.4.3 Breast Cancer Market
6.4.3.1 Overview
6.4.3.2 North America Breast Cancer Market Revenue and Forecasts to 2027 (US$ Mn)
6.4.4 Colorectal Cancer Market
6.4.4.1 Overview
6.4.4.2 North America Colorectal Cancer Market Revenue and Forecasts to 2027 (US$ Mn)
6.4.5 Prostate Cancer Market
6.4.5.1 Overview
6.4.5.2 North America Prostate Cancer Market Revenue and Forecasts to 2027 (US$ Mn)
6.4.6 Stomach Cancer Market
6.4.6.1 Overview
6.4.6.2 North America Stomach Cancer Market Revenue and Forecasts to 2027 (US$ Mn)
6.4.7 Others Market
6.4.7.1 Overview
6.4.7.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
6.5 In Situ Hybridization Tests Market
6.5.1 Overview
6.5.2 North America In Situ Hybridization Tests Market Revenue and Forecasts to 2027 (US$ Mn)
6.5.3 Breast Cancer Market
6.5.3.1 Overview
6.5.3.2 North America Breast Cancer Market Revenue and Forecasts to 2027 (US$ Mn)
6.5.4 Lung Cancer Market
6.5.4.1 Overview
6.5.4.2 North America Lung Cancer Market Revenue and Forecasts to 2027 (US$ Mn)
6.5.5 Bladder Cancer Market
6.5.5.1 Overview
6.5.5.2 North America Bladder Cancer Market Revenue and Forecasts to 2027 (US$ Mn)
6.5.6 Others Market
6.5.6.1 Overview
6.5.6.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
7. North America Cancer Tissue Diagnostics Market Revenue and Forecasts To 2027
7.1 Overview
7.1.1 North America Cancer Tissue Diagnostics Market Revenue and Forecasts to 2027 (US$ Mn)
7.1.2 North America Cancer Tissue Diagnostics Market Revenue And Forecasts to 2027, By Test Type (US$ Mn)
7.1.2.1 North America Immunohistochemical Tests Market Revenue And Forecasts to 2027, By Type (US$ Mn)
7.1.2.2 North America In Situ Hybridization Tests Market Revenue And Forecasts to 2027, By Type (US$ Mn)
7.1.3 North America Cancer Tissue Diagnostics Market Revenue and Forecasts to 2027, By Country (%)
7.2 US Cancer Tissue Diagnostics Market Revenue and Forecasts to 2027 (US$ Mn)
7.2.1 US Cancer Tissue Diagnostics Market Revenue and Forecasts to 2027 (US$ Mn)
7.2.2 US Cancer Tissue Diagnostics Market Revenue And Forecasts to 2027, By Test Type (US$ Mn)
7.2.2.1 US Immunohistochemical Tests Market Revenue And Forecasts to 2027, By Type (US$ Mn)
7.2.2.2 US In Situ Hybridization Tests Market Revenue And Forecasts to 2027, By Type (US$ Mn)
7.3 Canada Cancer Tissue Diagnostics Market Revenue and Forecasts to 2027 (US$ Mn)
7.3.1 Canada Cancer Tissue Diagnostics Market Revenue and Forecasts to 2027 (US$ Mn)
7.3.2 Canada Cancer Tissue Diagnostics Market Revenue And Forecasts to 2027, By Test Type (US$ Mn)
7.3.2.1 Canada Immunohistochemical Tests Market Revenue And Forecasts to 2027, By Type (US$ Mn)
7.3.2.2 Canada In Situ Hybridization Tests Market Revenue And Forecasts to 2027, By Type (US$ Mn)
7.4 Mexico Cancer Tissue Diagnostics Market Revenue and Forecasts to 2027 (US$ Mn)
7.4.1 Mexico Cancer Tissue Diagnostics Market Revenue and Forecasts to 2027 (US$ Mn)
7.4.2 Mexico Cancer Tissue Diagnostics Market Revenue And Forecasts to 2027, By Test Type (US$ Mn)
7.4.2.1 Mexico Immunohistochemical Tests Market Revenue And Forecasts to 2027, By Type (US$ Mn)
7.4.2.2 Mexico In Situ Hybridization Tests Market Revenue And Forecasts to 2027, By Type (US$ Mn)
8. Cancer Tissue Diagnostics Market – Industry Landscape
8.1 Overview
8.2 Growth Strategies In The Cancer Tissue Diagnostics Market, 2016-2019
8.3 Organic Growth Strategies
8.3.1 Overview
8.4 Organic Growth Strategies in the Cancer Tissue Diagnostics Market, 2016-2019 (%)
8.4.1 Product Launches
8.4.1.1 Recent Product Launches By Players In The Cancer Tissue Diagnostics Market
8.4.2 Product Approvals
8.4.2.1 Recent Product Approvals By Players In The Cancer Tissue Diagnostics Market
8.4.3 Expansion & Other Activities
8.4.3.1 Recent Expansion & Other Activities By Players In The Cancer Tissue Diagnostics Market
8.4.4 Product Enhancements
8.4.4.1 Recent Product Enhancements By Players In The Cancer Tissue Diagnostics Market
8.5 Inorganic Growth Strategies
8.5.1 Overview
8.6 Inorganic Growth Strategies in the Cancer Tissue Diagnostics Market, 2016-2019 (%)
8.6.1 Agreements
8.6.1.1 Recent Agreements By Players In The Cancer Tissue Diagnostics Market
8.6.2 Partnerships & Collaborations
8.6.2.1 Recent Partnerships & Collaborations By Players In The Cancer Tissue Diagnostics Market
8.6.3 Acquisitions
8.6.3.1 Recent Acquisitions By Players In The Cancer Tissue Diagnostics Market
9. Cancer Tissue Diagnostics Market – Key Company Profiles
9.1 Bio-Rad Laboratories, Inc.
9.1.1 Key Facts
9.1.2 Business Description
9.1.3 Financial Information
9.1.4 Product Portfolio
9.1.5 SWOT Analysis
9.1.6 Key Developments
9.2 Thermo Fisher Scientific, Inc.
9.2.1 Key Facts
9.2.2 Business Description
9.2.3 Financial Information
9.2.4 Product Portfolio
9.2.5 SWOT Analysis
9.2.6 Key Developments
9.3 F. Hoffmann-La Roche Ltd.
9.3.1 Key Facts
9.3.2 Business Description
9.3.3 Financial Overview
9.3.4 Product Portfolio
9.3.5 SWOT Analysis
9.3.6 Key Developments
9.4 Abbott
9.4.1 Key Facts
9.4.2 Business Description
9.4.3 Financial Overview
9.4.4 Product Portfolio
9.4.5 SWOT Analysis
9.4.6 Key Developments
9.5 Enzo Biochem Inc.
9.5.1 Key Facts
9.5.2 Business Description
9.5.3 Financial Overview
9.5.4 Product Portfolio
9.5.5 SWOT Analysis
9.5.6 Key Developments
9.6 Agilent Technologies, Inc.
9.6.1 Key Facts
9.6.2 Business Description
9.6.3 Financial Overview
9.6.4 Product Portfolio
9.6.5 SWOT Analysis
9.6.6 Key Developments
9.7 Cancer Genetics Inc.
9.7.1 Key Facts
9.7.2 Business Description
9.7.3 Financial Overview
9.7.4 Product Portfolio
9.7.5 SWOT Analysis
9.7.6 Key Developments
9.8 Merck Kgaa (Sigma-Aldrich)
9.8.1 Key Facts
9.8.2 Business Description
9.8.3 Financial Overview
9.8.4 Product Portfolio
9.8.5 SWOT Analysis
9.8.6 Key Developments
9.9 Abcam Plc.
9.9.1 Key Facts
9.9.2 Business Description
9.9.3 Financial Overview
9.9.4 Product Portfolio
9.9.5 SWOT Analysis
9.9.6 Key Developments
9.10 Danaher
9.10.1 Key Facts
9.10.2 Business Description
9.10.3 Financial Information
9.10.4 Product Portfolio
9.10.5 SWOT Analysis
9.10.6 Key Developments
10. Appendix
10.1 About The Insight Partners
10.2 Glossary Of Terms
10.3 Methodology
10.3.1 Coverage
10.3.2 Secondary Research
10.3.3 Primary Research
LIST OF TABLES
Table 1. North America Cancer Tissue Diagnostics Market Revenue And Forecasts To 2027, By Test Type (US$ Mn)
Table 2. North America Cancer Tissue Diagnostics Market Revenue And Forecasts to 2027, By Test Type (US$ Mn)
Table 3. North America Immunohistochemical Tests Market Revenue And Forecasts to 2027, By Type (US$ Mn)
Table 4. North America In Situ Hybridization Tests Market Revenue And Forecasts to 2027, By Type (US$ Mn)
Table 5. US Cancer Tissue Diagnostics Market Revenue And Forecasts to 2027, By Test Type (US$ Mn)
Table 6. US Immunohistochemical Tests Market Revenue And Forecasts to 2027, By Type (US$ Mn)
Table 7. US In Situ Hybridization Tests Market Revenue And Forecasts to 2027, By Type (US$ Mn)
Table 8. Canada Cancer Tissue Diagnostics Market Revenue And Forecasts to 2027, By Test Type (US$ Mn)
Table 9. Canada Immunohistochemical Tests Market Revenue And Forecasts to 2027, By Type (US$ Mn)
Table 10. Canada In Situ Hybridization Tests Market Revenue And Forecasts to 2027, By Type (US$ Mn)
Table 11. Mexico Cancer Tissue Diagnostics Market Revenue And Forecasts to 2027, By Test Type (US$ Mn)
Table 12. Mexico Immunohistochemical Tests Market Revenue And Forecasts to 2027, By Type (US$ Mn)
Table 13. Mexico In Situ Hybridization Tests Market Revenue And Forecasts to 2027, By Type (US$ Mn)
Table 14. Recent Product Launches in the Cancer Tissue Diagnostics Market
Table 15. Recent Product Approvals in the Cancer Tissue Diagnostics Market
Table 16. Recent Expansion & Other Activities By Players In The Cancer Tissue Diagnostics Market
Table 17. Recent Product Enhancements By Players In The Cancer Tissue Diagnostics Market
Table 18. Recent Agreements By Players In The Cancer Tissue Diagnostics Market
Table 19. Recent Partnerships & Collaborations By Players In The Cancer Tissue Diagnostics Market
Table 20. Recent Acquisitions By Players In The Cancer Tissue Diagnostics Market
Table 21. Glossary of Terms, Cancer Tissue Diagnostics Market
LIST OF FIGURES
Figure 1. US Cancer Tissue Diagnostics Market, Revenue (US$ Mn), By Country 2018 & 2027
Figure 2. North America Cancer Tissue Diagnostics Market By Test Type, Market Share (%), 2018
Figure 3. Cancer Tissue Diagnostics Market Segmentation
Figure 4. North America PEST Analysis
Figure 5. Cancer Tissue Diagnostics Market Impact Analysis of Drivers & Restraints
Figure 6. North America Cancer Tissue Diagnostics Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 7. Prominent Players in the Cancer Tissue Diagnostics Market
Figure 8. North America Cancer Tissue Diagnostics Market, By Test Type 2018 & 2027 (%)
Figure 9. North America Immunohistochemical Tests Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 10. North America Breast Cancer Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 11. North America Colorectal Cancer Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 12. North America Prostate Cancer Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. North America Stomach Cancer Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. North America In Situ Hybridization Tests Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. North America Breast Cancer Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. North America Lung Cancer Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. North America Bladder Cancer Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. North America Cancer Tissue Diagnostics Market Revenue Overview, by Country, 2018 (US$ Mn)
Figure 21. North America Cancer Tissue Diagnostics Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. North America Cancer Tissue Diagnostics Market Revenue and Forecasts to 2027, By Country (%)
Figure 23. US Cancer Tissue Diagnostics Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. Canada Cancer Tissue Diagnostics Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. Mexico Cancer Tissue Diagnostics Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. Growth Strategies in the Cancer Tissue Diagnostics Market, 2016-2019
Figure 27. Organic Growth Strategies in the Cancer Tissue Diagnostics Market, 2016-2019 (%)
Figure 28. Inorganic Developments in the Cancer Tissue Diagnostics Market, 2016-2019(%)
The List of Companies
- F. Hoffmann-La Roche Ltd
- Thermo Fisher Scientific Inc.
- Bio Rad Laboratories Inc.
- Abbott
- Enzo Life Sciences, Inc.
- Agilent Technologies, Inc.
- Cancer Genetics Inc.
- Merck KGaA (Sigma-Aldrich Co. LLC)
- Danaher Corporation
- Abcam plc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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