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The global Immunohistochemistry Market size is expected to reach USD 3.50 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 5.8% from 2023 to 2030. The high demand for accurate data has driven several technological advancements in IHC techniques, resulting in the delivery of precise and contextual data analyses. The emergence of advanced techniques, such as multiplex IHC, computational pathology, and next-generation IHC, is driving the global market. Immunohistochemistry protocols have gained popularity in clinical pathology, especially in the subspecialties of oncologic pathology, hematopathology, and neuropathology.
The technique has played a vital role in shaping cancer diagnostics. Thus, the growing prevalence of cancer is expected to increase the demand for IHC, thus contributing to market growth. Furthermore, the wide application scope of IHC in drug discovery and development activities is expected to boost revenue growth over the forecast period. Whole slide imaging and digital image analysis offer highly accurate and objective evaluations. Thus, image analysis can be used across different aspects of drug discovery including drug repositioning, target validation, patient stratification, biomarker expression studies, and drug efficacy & safety studies.
Acknowledging the profitable opportunities posed by the space, operating players in the industry continue to undertake strategic initiatives to strengthen their market presence. For instance, in June 2021, PathAI, in collaboration with AstraZeneca and Daiichi Sankyo Company Ltd., created machine learning-based models to enable automated quantification of HER2 IHC images in breast cancer samples. The global market will benefit from the growing geriatric population in developed and developing nations. As the global geriatric population increases, the prevalence of age-related illnesses is predicted to rise drastically.
List of Key Players in Immunohistochemistry Market
Related Press Release@ Immunohistochemistry Market Report
Immunohistochemistry Market Report Highlights
Immunohistochemistry Market Segmentation
Grand View Research has segmented the global immunohistochemistry market based on product, application, end-use, and region:
Immunohistochemistry Product Outlook (Revenue, USD Million, 2018 - 2030)
Immunohistochemistry Application Outlook (Revenue, USD Million, 2018 - 2030)
Immunohistochemistry End-use Outlook (Revenue, USD Million, 2018 - 2030)
Immunohistochemistry Regional Outlook (Revenue, USD Million, 2018 - 2030)
Explore Horizon, the world's most expansive market research database
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