Market Overview
A Stainer is used to separate tissues or cells, to carry microscopic study and identification. A slide stainer automates the staining of prepared cytology or histology tissue specimens by diffusing dyes into the samples through direct or indirect staining, surface adsorption, or mordant staining. An automated slide stainer uses two processes, rotating transport and linear transport.
There are growing technological advancements in slide stainers with a growing trend of laboratory process automation. These are commonly used in labs for quality histology staining results. The slide stainer market development has seen some substantial improvements in their workflows, control and reporting capabilities, and overall productivity.
The global slide stainer market growth is driven by the rising prevalence of chronic and infectious diseases, technological advancements, and growing demand for automation in diagnostics and clinical research.
Market Dynamics
Drivers
- Increasing Prevalence of Chronic Diseases
- Rising Adoption of Automated Slide Stainer
- Technological Advancements in Slide Stainer
Restraints
- Concerns Associated with Automated Slide Stainers
- Risk Management Issues Involving Slide Stainers
Market Segmentation
The Reagents segment is estimated to account for a share of approximately 30.85% of the global slide stainer market by 2019 and is anticipated to grow to 31.84% by 2027.
Reagents are chemical, biochemical, or biological/biochemical in design, are dependent upon several different components working together to generate accurate, precise, and reliable patient test results. Based on product, the reagents segment accounted for the largest share of the global slide strainers market. This segment's large share is attributed to the rising prevalence of chronic and infectious diseases, increasing healthcare expenditure, increasing public awareness, and growing demand for automation in diagnostics and clinical research.
Further, companion diagnostics' increasing impact will cater to ample opportunities that will lead to the reagents segment's growth in the above-mentioned forecast period.
However, the government's implementation of excise duty is expected to limit the growth of this segment during the forecast period. Several specialized studies are being conducted in healthcare-related facilities. A lot of work happens around genes, proteins, peptides, antibodies, and cell lines, owing to which the demand for reagents becomes highly important.
Geographical Analysis
Europe is the second-largest regional market on account of higher healthcare expenditure, particularly in the U.K. Furthermore, supportive regulatory infrastructure for the development and approval of new diagnostic products contributes to this region's growth. However, the rising demand for diagnostic services across Europe is one of the prominent factors for the increasing demand for slide stainers in the region. For instance, yearly in the U.K., the usual citizen has 14 tests completed by a laboratory specialist.
Moreover, in Germany, diagnostic services are the only highest-volume medical activity, and approximately 13,000 million tests are performed per year. Hence, this factor will drive the growth of the slide stainer market in the region. In the current scenario, the technological advancements boost the patients' reach to diagnostic testing, which is becoming gradually more precise and affordable. For instance, point-of-care testing is regularly applied in hospitals and other healthcare practices, so the patients do not need to travel to the clinical laboratories for testing. The increasing use of point-of-care testing is also a major factor that will boost the region's market.
The slide stainer market is moderately competitive with the presence of local as well as global companies. Some of the key players contributing to the growth of the market include Agilent Technologies Inc., Sakura, BioGenex, Thermo Fisher Scientific, Biocare Medical, and Hardy Diagnostics. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to the growth of the slide stainer market globally. For instance, in March 2020, ELITechGroup Inc. launched the Aerospray Cytology Slide Stainer Cytocentrifuge, which automates the preparation and staining of liquid-based cytology specimens to facilitate the examination of an array of cell differentiations utilizing Papanicolaou staining techniques. The device performs two functions of sample preparation through cytocentrifugation and sample staining.
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