Neuropathology is meant to cure the ailment that can cause pain in nerves and numbness of the limbs. A new report on the global neuropathology market, published by Market Research Future (MRFR), observes that this market could touch a surge at 6% CAGR between 2017 and 2023.
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The most significant market driving factors for the global neuropathology market growth are rapidly increasing number of patients suffering from cerebrovascular disorders and the subsequent rise in the number of surgeries associated with the treatment of such disorders. Neurosurgeries and spinal surgeries are very critical. Hence continuous monitoring during the whole procedure via machines helpful with neuropathological functions proves to be beneficial. Via monitoring, the information about the electrical signals in brain and the nerves can be obtained in real-time. The increasing skin disorders due to pollution and lack of skincare can also boost the global neuropathology market as many skin disorders require biopsy.
Market Segmentation
The global neuropathology market segmentation encompasses application, diagnosis test, and end-users. MRFR’s take on the market surveys various facets of the market in-depth.
The application-based segmentation of this market covers brain tumors, cerebral hypoxia & stroke, central nervous system (CNS) infections, demyelinative diseases, inherited metabolic disorders, myopathology, neurodegenerative diseases, perinatal disorders, peripheral neuropathy, and others.
Based on the diagnosis test, this market has been segmented into biopsy, body fluids, peripheral blood smears, tissue resections, and others. The biopsy segment has been sub-segmented into bone-marrow biopsies, epidermal nerve fiber density testing (ENFD), lymph-node biopsies, sural nerve biopsy test, and others.
Regarding end-user, the market has been segmented into clinics, hospitals, research centers, and others.
Regional Segmentation
A geographical outlining of the global neuropathology market covers the Americas (North America & South America), Asia Pacific, Europe, and the Middle East & Africa (MEA).
The Americas region is dominating the global market as North America alone is strong enough to generate maximum market revenue. Due to technological advancements and availability of advanced medical facilities, North America is a bigger regional market segment, compared to South America. North America is a strong regional market segment due to the increasing healthcare expenditure, presence of key market players, the presence of some the best hospitals in the world with state of the art infrastructure in USA. Various organizations and private companies are spreading awareness about the benefits of the neuropathology test among the people. Hence, many people are opting for neuropathology tests as a point of care. In USA, many academic courses are being developed to help medical students attain skills in neuropathology field. Therefore, the availability of neuropathology specialists in North America is high. After USA, Canada is the biggest country-specific market in this region. In South America, the most vibrant economies are Argentina and Brazil that can be important markets in the future.
Europe is the second-largest market due to benefits of the intraoperative neurophysiological monitoring services, patient-friendly healthcare, and insurance policies. Not just neuropathology market, Europe is also a powerful brain tumors market. Due to the reasons that are same as in the Americas, Western Europe is a bigger regional market than Eastern Europe. The most powerful country-specific markets in Europe are France, Germany, Italy, Spain, and the UK. An inspection of the remaining countries in Western Europe featured in this report speculate the huge contribution to market revenue from many other countries in this region with a sizable revenue from Eastern Europe too.
During the forecast period, the Asia Pacific region can be fastest growing regional market due to the extension of state health care programs, increasing affluence of the population, and subsequently increased spending on healthcare in Asia. In India, the market is expanding due to a government resolution to enhance healthcare services. Other important country-specific markets in this region are Australia, China, Japan, and South Korea. An evaluation of the remaining countries in the Asia Pacific region featured in this report calculates the huge market revenue supply from some other countries.
The MEA region is a paltry market due to lack of infrastructure, backward healthcare sector, and lack of skilled professionals.
Key Players
Big players in the global neuropathology market include Abbott Laboratories (USA), Agilent Technologies Inc. (USA), ARUP Laboratories (USA), Danaher Corporation (USA), F. Hoffmann-La Roche Ltd. (Switzerland), Laboratory Corporation of America Holdings (USA), NeoGenomics Laboratories (USA), Quest Diagnostics Incorporated (USA), Sakura Finetek USA Inc. (Japan & USA), Therapath LLC (USA), and Thermo Fisher Scientific Inc. (USA).
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