Immunohistochemistry (IHC) Market Size, Share, Forecast, & Trends

Meticulous Research®, a renowned global market research firm, has recently released a comprehensive report titled “Immunohistochemistry (IHC) Market Size, Share, Forecast, & Trends Analysis by Offering (Reagents [Fixation, Buffer, Blocking, Antibodies], Kits, Equipment [Staining, Imaging]), Method (ABC, CSA, PAP), Process, Application, End User—Global Forecast to 2031.”

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According to the latest insights from Meticulous Research®, the global immunohistochemistry (IHC) market is projected to reach $4.08 billion by 2031, growing at a CAGR of 7.2% from 2024 to 2031. The market’s growth is driven by several key factors, including the rising prevalence of chronic diseases and an aging population, alongside an increased focus on rare diseases, growing awareness around early disease diagnosis, and heightened R&D investments. Additionally, the growing demand for drug discovery & development, the increasing spread of infectious diseases, and expanding healthcare expenditure contribute to the market’s upward trajectory.

Moreover, trends such as a growing inclination towards personalized medicine, advancements in genomics and proteomics, and increasing automation in IHC processes are expected to present significant growth opportunities. However, the market faces challenges, such as stringent technical requirements, complex regulatory hurdles, and the availability of alternative technologies, which may impede its progress.

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Key Players

Leading companies operating in the global immunohistochemistry market include F. Hoffmann-La Roche Ltd (Switzerland), Danaher Corporation (U.S.), Agilent Technologies, Inc. (U.S.), Merck KGaA (Germany), Bio-Rad Laboratories, Inc. (U.S.), Eagle Biosciences, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Cell Signaling Technology, Inc. (U.S.), PerkinElmer, Inc. (U.S.), Bio SB Inc. (U.S.), Biocare Medical, LLC (U.S.), Bio-Genex Laboratories (U.S.), CANDOR Bioscience GmbH (Germany), and Innovex Biosciences Inc. (U.S.).

Immunohistochemistry Market: Future Outlook

The global immunohistochemistry market is categorized by Offering, Method, Process, Application, End User, and Geography. Each of these segments plays a pivotal role in shaping the market dynamics and future outlook.

1. Offering: The market’s offering segment is divided into Consumables (including Reagents, Kits, and Other Accessories), Equipment (such as Staining Systems, Imaging Systems, Slide Scanners, and Tissue Microarrays), and Services & Software. In 2024, the Consumables segment is anticipated to hold the largest share due to continuous advancements in IHC consumables, improved accessibility to cutting-edge IHC solutions, and the recurring use of reagents and kits.
2. Method: The method segment includes various techniques such as Avidin-Biotin Complex (ABC), Polymer-Based Immunohistochemistry, Catalyzed Signal Amplification (CSA), Fluorescyl-tyramide Amplification, Improved Catalyzed Signal Amplification (iCSA), Multi-Staining Immunohistochemistry, Labeled Streptavidin Biotin (LSAB), and PAP Method. The Avidin-Biotin Complex segment is expected to dominate in 2024 due to its high affinity for biotin, resistance to enzymatic reactions, and ability to be labeled with peroxidase.
3. Process: The immunohistochemistry process involves several critical steps, such as Sample Preparation, Antigen Retrieval, Background Blocking, Target Detection, and Sample Visualization. Each process ensures the accuracy and precision of immunohistochemical studies.
4. Application: This market is segmented into Research Applications (covering Drug Discovery, Agriculture & Animal Research, and other areas) and Clinical Applications (which include Reproductive Health, Oncology, Infectious Diseases, and other clinical areas). The Clinical Applications segment is forecasted to lead the market in 2024, driven by the growing prevalence of chronic diseases, increased focus on early diagnosis, and rising affordability of advanced IHC solutions in hospitals and diagnostic labs.
5. End User: The end user segment is comprised of Pharmaceutical & Biotechnology Companies, Hospitals & Diagnostic Laboratories, Academic Institutes & Research Centers, and other users. By 2024, the Hospitals & Diagnostic Laboratories segment is projected to hold the largest market share, supported by the expanding number of public and private hospitals, growth in healthcare infrastructure in emerging markets, and the availability of advanced systems and skilled professionals.

Geographic Review

The report provides an in-depth analysis of the global immunohistochemistry market across major regions, including North America (the U.S. and Canada), Europe (Germany, France, the U.K., Italy, Spain, and the rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and the rest of Asia-Pacific), Latin America (Brazil, Mexico, and the rest of Latin America), and the Middle East & Africa.

Among these regions, Asia-Pacific is expected to record the highest CAGR during the forecast period. The region’s rapid economic growth, increased investments in healthcare infrastructure, and rising need to address the growing burden of infectious diseases are driving the market expansion in countries like China, India, and Japan. Additionally, urbanization and the evolving healthcare landscape in these nations are contributing significantly to the region’s market potential.

In summary, the immunohistochemistry market is poised for robust growth, driven by technological advancements, increasing healthcare needs, and the evolving landscape of disease diagnosis and treatment. As the market continues to expand, companies investing in innovation, regulatory compliance, and strategic partnerships are likely to emerge as key players in this growing industry.

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Key questions answered in the report:

• Which are the high-growth market segments in terms of offerings, method, application, end user, and region/country?
• What was the historical market size for immunohistochemistry globally?
• What are the market forecasts and estimates for the period 2024–2031?
• What are the major drivers, restraints, challenges, opportunities, and trends in the immunohistochemistry market?
• Who are the major players in the global immunohistochemistry market?
• What is the competitive landscape like, and who are the market leaders in the global immunohistochemistry market?
• What are the recent developments in the global immunohistochemistry market?
• What are the different strategies adopted by the major players in the global immunohistochemistry market?
• What are the geographical trends and high-growth regions/countries?

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