Kenneth Research, in its repository of market research reports, have recently added a report on Immunohistochemistry Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Immunohistochemistry Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Immunohistochemistry Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Global Immunohistochemistry Market is valued approximately at USD 1.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.5% over the forecast period 2020-2026. Immunohistochemistry (IHC), is a vital application of polyclonal and monoclonal antibodies that helps to understand the tissue distribution of an antigen. It is utilized in identification of antigens, tumor cell proliferation, enzymes and tumor suppressor genes. Immunohistochemical staining is extensively used in the diagnosis of abnormal cells such as found in cancerous tumors. Specific molecular markers are traits of specific cellular events such as proliferation or death cell (apoptosis). Further, immunohistochemistry is widely used in critical research to understand the circulation and localization of biomarkers and differentially expressed proteins in various parts of biological tissue.
Rising prevalence of chronic diseases such as cancer, cardiovascular, etc., increasing drug discovery and development activities and the introduction of technologically advanced immunohistochemistry solutions are the few factors responsible for high CAGR of the market over the forecast period. according to the American Heart Association, there were around 17.6 million people died due to cardiovascular diseases in 2016, and a number is projected to grow to almost 23.6 million by 2030. This, in turn, is expected to accelerate the demand for immunohistochemistry, thus contributing to the growth of the global market. However, the high installation cost of IHC equipment, along with limited reimbursement are the few factors expected to limit the growth of the market over the forecast period of 2020-2026.
The regional analysis of global Immunohistochemistry market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the high adoption of IHC instruments in laboratories and diagnostic centers, along the presence of well-established healthcare infrastructure in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026, due to rapidly growing elderly population and increase in prevalence of chronic diseases in the countries like China and India.
Major market player included in this report are:
F. Hoffmann-LA Roche AG
Agilent Technologies, Inc.
Thermo Fisher Scientific Inc.
Bio-Rad Laboratories, Inc.
Cell Signaling Technology, Inc.
Bio SB, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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Hospital & Diagnostic Laboratories
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global Immunohistochemistry Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1. Immunohistochemistry Market, by Region, 2018-2026 (USD Billion)
1.2.2. Immunohistochemistry Market, by Product, 2018-2026 (USD Billion)
1.2.3. Immunohistochemistry Market, by Application, 2018-2026 (USD Billion)
1.2.4. Immunohistochemistry Market, by End-User, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Immunohistochemistry Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Immunohistochemistry Market Dynamics
3.1. Immunohistochemistry Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Immunohistochemistry Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Immunohistochemistry Market, by Product
5.1. Market Snapshot
5.2. Global Immunohistochemistry Market by Product, Performance – Potential Analysis
5.3. Global Immunohistochemistry Market Estimates & Forecasts by Product 2016-2026 (USD Billion)
5.4. Immunohistochemistry Market, Sub Segment Analysis
Chapter 6. Global Immunohistochemistry Market, by Application
6.1. Market Snapshot
6.2. Global Immunohistochemistry Market by Application, Performance – Potential Analysis
6.3. Global Immunohistochemistry Market Estimates & Forecasts by Application 2016-2026 (USD Billion)
6.4. Immunohistochemistry Market, Sub Segment Analysis
6.4.2. Drug Testing
Chapter 7. Global Immunohistochemistry Market, by End-User
7.1. Market Snapshot
7.2. Global Immunohistochemistry Market by End-User, Performance – Potential Analysis
7.3. Global Immunohistochemistry Market Estimates & Forecasts by End-User 2016-2026 (USD Billion)
7.4. Immunohistochemistry Market, Sub Segment Analysis
7.4.1. Hospital & Diagnostic Laboratories
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