Roche (Switzerland) and Danaher (US) are the leading players in the slide stainers market
The global slide stainers market is projected to reach USD 4.70 billion by 2023 from USD 2.79 billion in 2018, at a CAGR of 11.0%. Increasing incidence of chronic diseases, rising geriatric population, growing automation in laboratories, and increasing healthcare expenditure are some of the factors driving the growth of the slide stainer market. Emerging markets are expected to provide growth opportunities for players operating in the slide stainers market in the coming years. However, the implementation of excise duty by the US government restrains the growth of this market to a certain extent.
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Players in the global slide stainers market, such as Roche (Switzerland), Agilent (US), Danaher (US), BioGenex (US), Thermo Fisher Scientific (US), Sakura (Japan), Biocare Medical (US), Merck Group (Germany), General Data Company (US), and Hardy Diagnostics (US) are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies of product launches, expansions, partnerships, agreements, collaborations, and acquisitions.
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Roche (Switzerland) held the leading position in the global slide stainers market in 2017. The company has a diversified product portfolio, which includes a wide range of instruments, reagents, and accessories. The company’s leading position can be attributed to its strong distribution network across the globe, which enables it to serve customers in North America, Europe, Asia, the Middle East, Africa, and Latin America. The company focuses on growth strategies such as product launches, partnerships, and expansions to enhance its market share in the global slide stainers market. For instance, in 2018, the company partnered with GE Healthcare (UK) to jointly develop and co-market an integrated diagnostic platform to improve oncology and critical care treatment.
Danaher held the second-largest position in the global slide stainers market in 2017. The company operates in the market through its Beckman Coulter and Leica Microsystems brands. The company mainly focuses on inorganic growth strategies such as agreements, partnerships, and collaborations to strengthen its position in the slide stainers market. For instance, in 2018, Beckman Coulter signed a long-term supply and distribution agreement with Technopath Clinical Diagnostics (Ireland), under which Beckman will distribute a full range of Technopath Multichem QC products in over 100 countries worldwide.