Immunohistochemistry Market Worth USD 3.2 Billion By 2027 Growing At A CAGR Of 7.8% | Grand View Research, Inc.

Immunohistochemistry Market Worth USD 3.2 Billion By 2027 Growing At A CAGR Of 7.8% | Grand View Research, Inc.

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According to a new report published by Grand View Research, Factors such as the introduction of technologically advanced immunohistochemistry solutions, increasing drug discovery and development activities, and rising prevalence of chronic diseases are expected to significantly fuel immunohistochemistry (IHC) market growth during the forecast period.

The global immunohistochemistry market size is expected to reach a value of USD 3.2 billion by 2027, expanding at a CAGR of 7.8%, according to a new report by Grand View Research, Inc. Rising prevalence of chronic diseases, increasing regulatory approvals, and launch of technologically advanced immunohistochemistry (IHC) systems are expected to propel market growth over the forecast period.

IHC has become a crucial technique and is widely applied in the diagnosis of several chronic diseases such as cancer, infectious diseases, and cardiovascular diseases (CVDs). Thus, a rise in the incidence of these chronic diseases has led to an increase in the demand for IHC techniques. According to 2018 data published by WHO, globally, cancer was one of the leading causes of mortality, and in 2018 around 9.6 million deaths were registered due to cancer. The same source also states that every year CVDs cause around 17.9 million deaths, globally.

Furthermore, increasing regulatory approval and launch of novel IHC products are expected to support IHC market growth. For instance, in May 2019, F. Hoffmann-La Roche AG launched its new VENTANA ROS1 (SP384) Rabbit Monoclonal Primary Antibody, intended for the detection of ROS1-positive cancer cases. Additionally, in June 2019, the U.S. FDA approved the expanded use of Agilent Technologies’ PD-L1 IHC 22C3 pharmDx assay for the detection of head and neck squamous cell carcinoma (HNSCC). This product is used in patients receiving treatment with Merck and Co., Inc.’s Keytruda (Pembrolizumab).

However, various limitations associated with immunohistochemistry techniques and the high cost of automated IHC instruments are expected to hinder market growth over the forecast period. Automated immunohistochemistry instruments for disease diagnosis involve high setup costs. As a result, various emerging economies still rely on cost-effective traditional diagnostics that are based on immunostaining of thin tissue sections. 

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Immunohistochemistry Market Report Highlights

 Antibodies product segment held the largest market share in 2019 owing to increasing product approval and their high adoption rate, leading to a high demand for IHC techniques

The diagnostics application segment dominated the IHC market in 2019 and is expected to witness the highest growth over the forecast period due to the rising prevalence of chronic diseases

Hospitals and diagnostic laboratories dominated the market, by end use in 2019 owing to an increase in the number of hospitals and diagnostic centers with advanced infrastructure and the growing incidence of life-threatening diseases

North America held the largest market share in 2019 due to the presence of well-established healthcare infrastructure, favorable healthcare reimbursement policies, and the presence of major players in U.S.

Asia Pacific is anticipated to exhibit fastest growth over the forecast period due to the increasing prevalence of chronic diseases in countries such as China and India.

Some of the key players of immunohistochemistry market are Thermo Fisher Scientific, Inc.; F. Hoffmann-La Roche Ltd.; Merck KGaA; Danaher Corporation; Perkinelmer, Inc.; Bio-Rad Laboratories, Inc.; Cell Signaling Technology, Inc.; Bio SB; Agilent Technologies, Inc.; and Abcam plc.

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Immunohistochemistry Market Segmentation

Grand View Research has segmented the global immunohistochemistry market on the basis of product, application, end use, and region:

Immunohistochemistry (IHC) Product Outlook (Revenue, USD Million, 2016 – 2027)
    • Antibodies
             • Primary Antibodies
             • Secondary Antibodies
    • Equipment
             • Slide Staining Systems
             • Tissue Microarrays
             • Tissue Processing Systems
             • Slide Scanners
             • Others
    • Reagents
             • Histological Stains
             • Blocking Sera and Reagents
             • Chromogenic Substrates
             • Fixation Reagents
             • Stabilizers
             • Organic Solvents
             • Proteolytic Enzymes
             • Diluents
    • Kits

Immunohistochemistry (IHC) Application Outlook (Revenue, USD Million, 2016 – 2027)
    • Diagnostics
             • Cancer
             • Infectious Diseases
             • Cardiovascular Diseases
             • Autoimmune Diseases
             • Diabetes Mellitus
             • Nephrological Diseases
    • Drug Testing

Immunohistochemistry (IHC) End-use Outlook (Revenue, USD Million, 2016 – 2027)
    • Hospitals and Diagnostic Laboratories
    • Research Institutes
    • Others

Immunohistochemistry (IHC) Regional Outlook (Revenue, USD Million, 2016 – 2027)
     North America
        • The U.S.
        • Canada
    • Europe
        • Germany
        • The U.K.
        • Spain
        • Italy
        • France
        • Russia
    • Asia Pacific
        • China
        • India
        • Japan
        • Singapore
        • South Korea
        • Australia
    • Latin America
        • Brazil
        • Mexico
        • Argentina
    • MEA
        • Saudi Arabia
        • South Africa

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Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

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