Immunohistochemistry Market Size By Key Players, Deployment Type, Applications, Vertical, and Region

Market Overview:
Global Immunohistochemistry Market is valued approximately at USD 1.8 billion and is anticipated to grow with a healthy growth rate of more than 7.5% over the forecast period. 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).

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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.

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, 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
Danaher Corporation
Agilent Technologies, Inc.
Thermo Fisher Scientific Inc.
Merck Millipore
Bio-Rad Laboratories, Inc.
PerkinElmer, Inc.
Abcam PLC
Cell Signaling Technology, Inc.
Bio SB, Inc.

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