Cancer Tissue Diagnostics Demand Augmenting Due to Rising Prevalence of Cancer: Future Market Insights

Players in the cancer tissue diagnostics market are adopting merger & acquisition strategies to boost their market presence.

DUBAI, UAE / ACCESSWIRE / November 12, 2020 / The cancer tissue diagnostics market is anticipated to expand at a robust CAGR of 8.3% during the projected period, 2016 -2026. FMI in its latest report states that the demand will grow by leaps & bounds as diagnostic technologies will continue to get more credible and efficient.

“Advent of revolutionary second and third-gen diagnostics platforms in the cancer tissue diagnostics market are anticipated to gain significant traction over the forecast period.,” states the FMI analyst.

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Cancer Tissue Diagnostics Market- Important Highlights

• North America remains the key beneficiary in the Cancer Tissue Diagnostics market, holding over majority of the market share.
• In Situ hybridization test will remain the key beneficiary in the global market throughout the forecast period.
• Breast cancer diagnostics are projected to capture comparatively bigger market share among other categories.

Cancer Tissue Diagnostics Market – Drivers

• Growing cases of cancer, worldwide turns out to be a potent aspects boosting the demand for cancer tissue diagnostics.
• Incessantly rising number of cancer biomarkers are projected to boost the global market.
• Provision of advanced diagnostics at reduced cost is catalyzing the growth of the market over the assessment period.

Cancer Tissue Diagnostics Market – Restraints

• High degree of R&D investment and budget constraints might act as constraining factors to the market growth
• Deferral in introduction of new treatment, and unfavorable reimbursement policies hinder market growth over the forecast period.

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Coronavirus Impact on Cancer Tissue Diagnostics Market

The COVID-19 outbreak had a positive impact on the cancer tissue diagnostics market. Increased pervasiveness of the infection together with lack of diagnostic kits to test the ailment is boosting the demand for testing & screening devices. This is complementing tissue diagnostics virology companies to focus on offering authentic testing kits, which consecutively is generating significant growth prospects for the cancer tissue diagnostics market.

Competitive Landscape

Key players identified in the global Cancer Tissue Diagnostics market include Abbott Laboratories, Thermo Fisher Scientific Inc., F. Hoffmann-La Roche , Ltd. , Bio Rad Laboratories Inc., Ventana Medical Systems, Inc, Abcam plc., Enzo Life Sciences, Inc. , Cell Signaling Technology, Inc., BioGenex, PerkinElmer Inc. , Agilent Technologies, Inc., Cancer Genetics Inc., Bio SB, ROSETTA GENOMICS, Danaher Corporation, Creative-Biolabs, Nanoprobes, Inc., Sigma-Aldrich Co. LLC and Enzo Life Sciences, Inc.

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About the Study

The study offers readers a comprehensive assessment of the cancer tissue diagnostics market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights according to Immunohistochemistry (IHC) test (breast cancer, lung cancer, stomach cancer, colorectal cancer, prostate cancer and others), In Situ Hybridisation Test(breast cancer, non-small cell lung cancer, bladder cancer and others), across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).

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About Future Market Insights

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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