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%. Factors such as the increasing incidence of chronic diseases, rising geriatric population, growing automation in laboratories, and increasing healthcare expenditure are driving the growth of the slide stainers market. However, factors such as dearth of skilled technicians and product recalls are expected to restrain market growth to a certain extent.
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In this report, the market is segmented on the basis of product, technology, end user, and region. On the basis of product, the global slide stainers market is segmented into reagents, equipment, and consumables & accessories. The reagents segment is expected to register the highest CAGR during the forecast period. The large share of this segment 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.
On the basis of technology, the slide stainers market is segmented into hematoxylin and eosin, immunohistochemistry, in situ hybridization, cytology, microbiology, hematology, and special stains. The special staining segment is expected to register the highest CAGR during the forecast period. This growth is attributed to the fact that special staining technique provides information which cannot be obtained with H&E routine staining technique. In addition, it also enables researchers to differentiate between normal and diseased tissue samples.
Based on end user, the slide stainers market is segmented into hospitals and diagnostic centers, academic and research institutes, pharmaceutical and biotechnology companies, and other end users (contract research organizations and forensics, food, & environmental laboratories). The hospital and diagnostic centers segment is expected to register the highest CAGR during the forecast period owing to the growing prevalence of diseases and huge patient inflow in hospitals and diagnostic centers.
Geographically, the slide stainers market in the APAC region is expected to register the highest CAGR during the forecast period. Factors such as the increasing prevalence of chronic and infectious diseases in this region, the large patient population, increasing healthcare spending, and growing interest of key players in APAC countries are driving the growth of this regional segment.