Global Immunohistochemistry Market to See CAGR of Over 7% till 2021, States M&M in Its In-demand Report Available at MarketPublishers.com16 Dec 2016 • by Natalie Aster
LONDON – The value of the world’s immunohistochemistry (IHC) market is predicted to exceed USD 2.1 billion by 2021. From 2016 to 2021, the market will likely showcase a CAGR of over 7% spurred by a range of favourable growth driving factors like rising number of cancer incidence, rapidly ageing population, rising healthcare spending coupled with developing healthcare infrastructure.
When it comes to regions, the North American immunohistochemistry market ranks first in the world in terms of size, leaving behind Europe, APAC, Latin America, the Middle East and Africa. By 2021, APAC is expected to witness impressive growth, propelled by such factors like the ongoing economic development in the region, escalating number of chronic diseases incidence, improving living standards, increasing demand for well-qualified medical personnel and for quality medical care, introduction of new favourable government initiatives, accelerating healthcare expenditures, among others.
The global IHC market is inhabited by numerous companies with five of them holding the lion’s share of the whole market. F. Hoffman-La Roche AG, Danaher Corporation, Agilent Technologies, Thermo Fisher Scientific, Merck Millipore, Bio-Rad Laboratories, PerkinElmer, Abcam plc, Cell Signaling Technology and Bio SB are amid the key players in the global IHC industry. Some players in the market are relied majorly on launching new products in order to achieve growth and competitive edge in the IHC market. Furthermore, market players make focus on acquiring local players in order to expand their portfolios as well as expand their distribution channels in developing markets.
New research report “Immunohistochemistry Market by Product, Application, End User - Global Forecast to 2021” prepared by Market Publishers’ outstanding research publisher, MarketsandMarkets (M&M), provides a detailed overview of the IHC market landscape on a global as well as regional scales, gives an all-round analysis of the market segmentation based on products, end users, applications and geography. The report uncovers reliable info on the market dynamics, highlights the major market growth drivers, opportunities, restraints and challenges. This insightful publication gives data on product developments, market strategies, products diversification and competitive landscape and pressures. Moreover, the report presents trustworthy data on the major regional markets for IHC (North America, Europe, APAC, Latin America, the Middle East, Africa). 11 profiles of the key companies, updated statistics and future forecasts for the global IHC market up to 2021 are also available in the study.
Other cutting-edge research reports by our partner can be found at M&M page at MarketPublishers.com.