Tissue Processing Systems Market Research Report 2021-2031
The tissue processing systems market was estimated to be US$ 375.86 Mn in 2021 and US$ xx million in 2023. It is expected to reach US$ 660.52 Mn by 2031 and record a CAGR of 5.80% until 2031. Changing consumer preferences and technological advancements will likely remain key tissue processing systems market trends.
Tissue Processing Systems Market Analysis
Increasing prevalence of cancer is expected to drive the tissue processing systems market's growth. Rising prevalence of the cancer is expected to increase the demand for tissue processing systems for diagnosis. As per the World Health Organization (WHO)’s cancer agency, the International Agency for Research on Cancer (IARC), in 2022, there were an estimated 20 million new cancer cases and around 9.7 million deaths.
Tissue Processing Systems Market Overview
Global tissue processing systems market is segmented by region into North America, Europe, Asia Pacific, Middle East & Africa and South & Central America. The market growth in this region is expected due to factors such as the increasing cancer prevalence and increasing number of diagnostic laboratories. However, high cost of cancer diagnostics is expected to obstruct the growth of the market to a certain extent during the forecast years.
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Tissue Processing Systems Market: Strategic Insights
Market Size Value in US$ 335.78 Million in 2019 Market Size Value by US$ 493.76 Million by 2027 Growth rate CAGR of 5.1% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Tissue Processing Systems Market: Strategic Insights
| Market Size Value in | US$ 335.78 Million in 2019 |
| Market Size Value by | US$ 493.76 Million by 2027 |
| Growth rate | CAGR of 5.1% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Tissue Processing Systems Market Drivers and Opportunities
Rising Number of Diagnostic Laboratories to Favor the Market.
There is an increase in number of diagnostic laboratories, owing to rise in chronic conditions. Increase in chronic conditions, such as cancer, diabetes, and heart diseases, leads to the increased demand for diagnostic services. The Centers for Medicare & Medicaid Services regulates all the laboratory tests performed on humans in the US through Clinical Laboratory Improvement Amendments (CLIA). CLIA has approximately 317,545 laboratories registered (Exempt/Non-Exempt) as of March 2024. Moreover, presence of major diagnostic laboratories in the US is likely to favor the market growth. For instance, Quest Diagnostics is a leader in medical diagnostic industry offering diagnostic services in the US. It is the most extensive network in the US, with over 7,400 patient access points, which include phlebotomists in physician offices and over 2,250 of patient service centers.
Emerging Markets in Asia Pacific – An Opportunity in Tissue Processing Systems Market
The emerging markets in the developing countries in the Asia Pacific region are creating better opportunities for significant market players to expand their business. This is a prime reason for market growth in the forecast period. Most of the major players focus on emerging markets, such as India and China, owing to large number of cancer patients and rise in medical tourism in developing countries. Many of the emerging countries are a preferred location for medical tourism.
As per the Globocan 2022: India Factsheet, there were 1,413,316 new cases of cancer and 916,827 cancer deaths in 2022. Also, rising medical tourism in emerging countries and growing prevalence of chronic conditions in the region are likely to provide significant growth opportunities to the players operating in the market during the forecast period.
Tissue Processing Systems Market Report Segmentation Analysis
Key segments that contributed to the tissue processing systems market analysis derivation are services and applications.
- Based on product, the tissue processing systems market is segmented into tissue transfer processors and fluid transfer processors. The fluid transfer processors segment held the largest share of the market, whereas the tissue transfer processors segment is anticipated to register the highest CAGR in the market during the forecast period.
- The market is segmented by volume into small volume processors, medium volume processors, and large volume processors. The small volume segment held the largest share of the market in 2023. However, medium volume segment is anticipated to register the highest CAGR in the market during the forecast period.
- By end-user, the tissue processing systems market has been segmented into hospitals, pharmaceutical companies, research laboratories, and others. The hospitals segment held the largest share of the market, whereas, the pharmaceutical companies segment is estimated to register the highest CAGR in the market during the forecast period.
Tissue Processing Systems Market Share Analysis by Geography
The geographic scope of the tissue processing systems market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
North America includes US, Canada and Mexico. The market in North America held a significant share of the global market during the year 2023. The demand for the market in the region is anticipated to witness growth at a significant rate during the forecast period owing to various factors such as rising prevalence of cancer, along with increasing awareness regarding the chronic health condition as well as the presence of supportive associations in the region. There were many organizations that were involved in the investments and creating awareness regarding cancer and its diagnostics.
The Asia Pacific is the fastest-growing market for tissue processing systems in a global scenario owing to the rising aging population, increasing cases of cancer, advancement in technology and increasing government initiatives to offer affordable advanced healthcare, and increasing number of startups, medical device companies in this region. Besides, rising incidence as well as mortality rates of cancer, research activities in the region as well as presence of associations or organizations enhancing the quality of care in cancer also contribute to the market growth.
Tissue Processing Systems Market Report Scope
Tissue Processing Systems Market News and Recent Developments
The tissue processing systems market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for tissue processing systems and strategies:
- In August 2023, Sakura Finetek USA launched two new Tissue-Tek Genie branded products that enable CISH testing on the Tissue-Tek Genie Advanced Staining System. (Source: Company Press Release)
- In February 2023, Clarapath, a robotics company, acquired Crosscope. The acquisition combines Clarapath's SectionStar, the first fully automated, all-in-one tissue sectioning and transfer system, with Crosscope's workflow and computational pathology tools, enabling labs to deliver care faster, more cost-effectively, and at higher quality. (Source: Company Press Release)
Tissue Processing Systems Market Report Coverage and Deliverables
The “Tissue Processing Systems Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product , Volume , and End User and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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