Global demand for pathological examination market was valued at approximately USD 189.9 billion in 2018, and is expected to generate revenue of around USD 432.9 billion by end of 2025, growing at a CAGR of around 12.6% between 2019 and 2025.
The report covers forecast and analysis for the pathological examination market on a global and regional level. The study provides historic data from 2016 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints for the pathological examination market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the pathological examination market on a global as well as regional level.
According to the report, global demand for pathological examination market was valued at approximately USD 189.9 billion in 2018, and is expected to generate revenue of around USD 432.9 billion by end of 2025, growing at a CAGR of around 12.6% between 2019 and 2025.
In order to give the users of this report a comprehensive view on the pathological examination market we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein Type and services segment is benchmarked based on their market size, growth rate and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the pathological examination market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new Type launch, agreements, partnerships, collaborations & joint ventures, research & development, regional expansion of major participants involved in the pathological examination market on global and regional basis.
Pathology is a stream of medicine mainly concerning the reason, source and nature of illness. It involves the inspection of organs, tissues, autopsies, and bodily fluids in order to learn about and diagnose disease. The modern procedure of pathology is distributed into several sub disciplines within the separate but deeply interrelated aims of biological investigation and medicinal practice.
Factors such as increasing occurrence of chronic ailments, growing healthcare expenditure, and increasing awareness will act as major driving factors in the growth of global pathological examination market. Technological improvements in the field of pathological examination and growing awareness will present an opportunity for the market players in the pathological examination market. Nonetheless, high cost of pathological examination, lack of skilled professionals, and high initial investment will restrict the growth of global pathological examination market.
The global pathological examination market has been split into type, application, and region. Based on type, pathological examination market has been segmented into digital pathology and traditional pathology. The traditional pathology segment accounted for the highest market share in 2018 owing to high use of traditional pathological examinations. The application segment has been divided into Digestive organs and others.
North America will be the leading region during the forecast period. U.S. accounted for the highest share in the North America region due to presence of latest healthcare infrastructure and growing preference of early diagnosis. Europe is likely to be the succeeding key market. The crucial reasons are presence of skilled medical professionals and efforts taken by government. Asia Pacific will develop at the highest growth rate owing to high incidence of chronic disorders and increasing per capita healthcare expenditure. Latin America region will propagate at a noteworthy rate through the assessment time. Middle East & Africa will show positive advancement in the projected time-frame.
The report also includes detailed profiles of key players such as Abbott Pathology, Healio, F. Hoffmann-La Roche Ltd, Agilient Technologies, Siemens Healthcare Private Limited, Quest Digital Pathology, and Trinity Biotech among others.
This report segments the Global Pathological Examination Market as follows:
Global Pathological Examination Market: By Type
Global Pathological Examination Market: By Application
Global Pathological Examination Market: By Region