Tissue Processing Systems Market to Reach US$ 440 Million by 2025 - Persistence Market Research - Seite 2

By modality, stand-alone segment is expected to exhibit high lucrativeness in terms of both market value and growth rate in the coming years. This segment is projected to register a CAGR of 6.6% throughout the period of forecast.  By technology, vacuum tissue processor segment is expected to dominate the global market during the assessment period and is estimated to reach a value little under US$ 320 Mn by 2025 end. By end use, diagnostic laboratories have shown higher inclination in the usage of tissue processing systems. The diagnostic laboratories segment is expected to reach a market value of around US$ 225 Mn by the end of the assessment year.

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Global Tissue Processing Systems Market: Forecast Highlights 

The research report reflects future market projections of the global tissue processing systems market. The global market for tissue processing systems is expected to reach a value of around US$ 440 Mn by 2025 end from a value of US$ 283.5 Mn in 2017. The global market is projected to grow at a high CAGR of 5.7% during the assessment period.

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Global Tissue Processing Systems Market: Aspects Impacting Growth 

Increase in healthcare expenditure, rise in the incidence rate of lifestyle diseases, increase in geriatric population, consolidation of pathology laboratory instruments with one vendor, shortage of pathologists across the globe, rise in prevalence of cancer, increasing focus on emerging and under developed markets, advancements in technology, rising adoption of tissue processing systems in labs to enhance efficiency and expanding access to advanced tissue processors are driving the growth of the global tissue processing systems market. Factors such as high cost of automated tissue processing systems in developed regions and increase in the adoption of refurbished tissue processing systems are anticipated to pose restraints to the growth of the global tissue processing systems market.