According to a new report published by Allied Market Research, titled, “Pathological Examination Market: Global Opportunity Analysis and Industry Forecast, 2019-2025” Pathology is a study that involves diagnosis of diseases through examination of bodily fluids such as blood, urine as well as organs or tissues. It enables identification of the causes, mechanisms, and extent of disease that further helps in treatment decisions for a disease. Pathology examinations are done to diagnose and understand the cause and effect of a disease on the body and its response toward it.
The global pathological examination market share was valued to be at $171 billion in 2017 and is expected to reach $438 billion by 2025, registering a CAGR of 12.3% from 2019 to 2025.
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Surge in prevalence of chronic diseases is expected to drive the growth of the global pathological examination market. Chronic diseases such as cardiac diseases, cancer, chronic lung diseases, stroke, and type 2 diabetes account for the maximum number of deaths in the U.S. and globally. Each year, chronic diseases are responsible for 7 in 10 deaths in the U.S., accounting for majority of healthcare costs. According to the World Health Organization (WHO), chronic disease prevalence is expected to increase by 57% by 2020. Therefore, such increase in prevalence of chronic diseases drives the growth of the pathological examination market.
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The scope of the global pathological examination market includes revenue generated by the pathology testing services such as anatomic pathology, surgical pathology, cytopathology, and clinical pathology. These services are provided for several applications including gynecology, gastrointestinal, genitourinary, pulmonary, blood, and lymph nodes.
The global pathological examination market is segmented based on type, application, and region. Based on type, the market is bifurcated into traditional pathology and digital pathology. Traditional pathology is the largest technique used in the pathological examination sector. Based on application, the market is divided into digestive organs and other applications. Other application segment is the fastest growing segment. Based on region, the market is segmented into North America, Europe, Asia, and Rest of the World.
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- The study provides an in-depth analysis of the global pathological examination market trends along with the current trends and future estimations to elucidate the imminent investment pockets of the industry.
- The report presents a quantitative analysis of the pathological examination industry from 2018 to 2025 to enable stakeholders to capitalize on the prevailing market opportunities.
- An extensive analysis of the global pathological examinations market size and estimations based on type and application helps understand the trends in the industry.
- The key market players are analyzed along with their strategies to understand the competitive outlook of the global pathological examination market
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