Fluorescence In Situ Hybridization (FISH) Imaging Systems Market Report

Fluorescence In Situ Hybridization (FISH) Imaging Systems Market Analysis By Product (Instruments, Microscopes, Automated Cell Analyzers, Services, Software), By Application, By End-use, And Segment Forecasts, 2014 - 2025

Published: October 2017  |  102 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-653-0

Industry Insights

The global FISH imaging systems market size was estimated at USD 704.5 million in 2016 and is anticipated to grow at a CAGR of 8.1% over the forecast period. Growing prevalence of target diseases leads to clinical urgency for adoption of rapid diagnostic alternatives such as Fluorescence In Situ Hybridization (FISH) imaging systems, which is anticipated to fuel demand in the coming years. In addition, rising awareness about the associated benefits of this system, such as rapid analysis, enhanced visualization, high precision of results, and a wide range of application, is also among the major factors responsible for increased adoption.

U.S. FISH imaging systems market by product, 2014 - 2025 (USD Million)

U.S. FISH imaging systems market

The market is also predominantly driven by technologically advanced products in the field of in vitro diagnostics. For instance, the advent of 3D FISH technology is one of the major advancements responsible for increased demand for FISH imaging systems. It facilitates three-dimensional visualization and analyzation of target cells, thereby improving the potential for positive research outcomes. Positive research outcomes, reduced procedural time, ease of usage, and greater probe labeling efficiency are some of the benefits associated with the use of FISH imaging, and this is also expected to boost demand.

Moreover, combination of FISH imaging equipment with other advanced technologies, such as high-throughput automated imaging systems & software, which yields faster, more efficient, and clear results, is expected to accelerate growth over the coming years. This is also anticipated to create new avenues for research applications.

For instance, research applications of FISH imaging systems have facilitated viewing of complex genomic structures and revealed their respective functions in various biological processes. This technological upgradation will facilitate real-time analysis of fluctuations in disease progression. These factors are expected to boost the industry growth in the coming years.

Product Insights

In 2016, instruments held the dominant share because of greater adoption owing to benefits offered by imaging systems such as microscopes, spectrophotometers, and others. In addition, services are expected to grow exponentially during the forecast period owing to their increased adoption due to higher cost-efficiency.

The services segment is anticipated to witness lucrative CAGR during the forecast period owing to the need for a more complex and multilayered drug development system. FISH imaging services are likely to be essential in this system due to formulation of new combination and therapies that require higher precision.

Industry players are developing a range of services to simplify the overall process. These services are expected to result in reduction of overall expenditure due to which they are likely to be preferred by researchers and scientists.The lucrative growth of this segment can also be attributed to increasing outsourcing to improve operations and ensure high adherence to quality standards.

Other benefits include cost advantages, increased efficiency of services, enhanced productivity, and a higher focus on core areas of development, which are critical to a company's growth. According to an NCBI survey, outsourcing results in cost savings of up to 60% and ensures better quality. In addition, contract services eliminate the need for infrastructure, which leads to significant cost reduction.

Application Insights

Cancer diagnostics accounted for a substantial share in the application segment. This can be attributed to growing prevalence of diseases, such as cancer and genetic abnormalities. In addition, high demand for accurate, sensitive, and rapid diagnosis of cancer is expected to lead to growth of this segment.

Moreover, growing number of research initiatives by major players for development of advanced systems is expected to increase the scope for growth. This is anticipated to further boost adoption of cancer diagnostics during the forecast period.

On the other hand, genetic diseases are expected to witness growth at a lucrative CAGR during the forecast period. Technological advancements are expected to lead to exponential growth of this segment over the coming years.

Increase in incidence of rare diseases caused by genetic aberrations is a high impact rendering driver for genetic disease testing. According to data published in NCBI, 80% of rare diseases are caused by genetic abnormalities.

End-use Insights

In 2016, diagnostic laboratories accounted for the largest share in the end-use segment, as this technique is used for detection of leukemia, myelodysplastic syndrome, multiple myeloma, and chromosomal abnormalities. On the other hand, increasing number of research initiatives for cell research is expected to fuel growth.

The clinical diagnostics segment held a dominant share, and this can be attributed to adoption of this technique in a wide range of applications, such as diagnosis of cancer, infectious diseases, genetic disorders, and others. Major benefits of these systems, including high speed for conducting assays, have made them one of the key cytogenetic diagnostic procedures.

High prevalence of breast cancer is one of the major factors responsible for fueling adoption of this technique for clinical purposes. It is the second largest cause of cancer-related deaths and a major contributor to world mortality rates. According to American Cancer Society, in 2017, around 252,710 new cases of breast cancer are expected to be diagnosed globally and this number is anticipated to grow over the coming years.

These systems possess the ability to automatically quantify various parameters, such as stage of disease and cell viability, as compared to conventional cytogenetics. These benefits are expected to drive the market over the forecast period. In addition, technological advancements such as integration with a lab-on-a-chip microfluidic device are anticipated to propel the growth.

Regional Insights

In 2016, North America held a dominant share of the industry. Key players are entering into collaborations to expand their product portfolios and improve their revenue share, which is a major factor contributing to growth across this region. The major share held by this region can also be attributed to extensive research & new product developments by major players.

Global FISH imaging systems market share by region, 2016 (%)

Global FISH imaging systems market

The Asia Pacific region is expected exhibit exponential growth during the forecast period. This can be attributed to growing healthcare spending and awareness among researchers and pathologists about benefits of this technique in diagnostics. In addition, some of the prominent market players are consistently promoting adoption of these systems through various initiatives, and this is also expected to propel demand in the region.

Growing awareness in emerging economies, such as India and China, coupled with extensive economic development in these countries is also anticipated to create significant growth opportunities in this market.

Competitive Insights

Key players are extensively implementing strategies to sustain their position in the competitive environment. Some of the prominent players are Leica BiosystemsNussloch GmbH; Thermo Fisher Scientific, Inc.; and PerkinElmer, Inc. Their strategies include mergers & acquisitions, distribution agreements, development of new products, and geographical expansion.

For instance, in May 2017, Leica Biosystems entered into a partnership with W.L.L.-a technical services supplies trading & contracting company-that is the distributor of the Kuwait Ministry of Health. Through this partnership, The Pathology Council of Kuwait will use the company’s digital pathology system as its standard care delivery product.

Prominent market players are employing various strategies to curb rising operational costs, thereby broadening their prospects for profitability. In addition, these companies are strengthening their supply chain, refining operational structures, and are opting for distributor-to-direct conversions. Furthermore, market players are consistently adding new products to their existing line of diagnostic products to maintain their competitive edge, thus contributing to market growth.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation

Revenue in USD million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Country scope

U.S., Canada, Germany, UK, France, Italy, Spain, Japan, China, India, Brazil, Mexico, South Africa, Saudi Arabia

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments covered in the report

This report forecasts revenue growth at global, regional, & country levels, and provides an analysis of the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global FISH imaging systems market on the basis of product, application, and region:

  • Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Instruments

      • Microscopes

      • Automated cell analyzers

      • Others

    • Consumables & Accessories

    • Services

    • Software

  • Application Outlook (Revenue, USD Million, 2014 - 2025)

    • Cancer Diagnosis

      • Lung cancer

      • Breast cancer

      • Others

    • Genetic Disease Diagnosis

    • Others

  • End-use Outlook (Revenue, USD Million, 2014 - 2025)

    • Diagnostic Laboratories

    • Research & Academic Institutes

    • Others

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • UK

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

Key questions answered by the report
Request for Customization

Choose License Type:

Single User - $4,950
Multi User - $7,950
Enterprise User - $9,950

Special Pricing & Discounts

Avail customized purchase options to meet your research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Custom research service

    Custom research service

    Speak to the report author to design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service excellence represented in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • BOA