“Increase in incidence of chronic diseases and high focus on early diagnosis of diseases drive the growth of the global pathological examination market. The traditional segment was the largest in 2017, capturing 91% of the market share and would maintain its dominance through 2025.On the other hand, the market in Asia would achieve the fastest CAGR of 15.2% during the forecast period.”
The global pathological examination market generated $171.08 billion in 2017, and is expected to reach $438.16 billion by 2025, growing at a CAGR of 12.3% from 2019 to 2025. The research offers a detailed analysis on changing market dynamics, key investment pockets, major segments, and market competition.
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Factors such as increase in prevalence of chronic diseases and high focus on early diagnosis of diseases drive the growth of pathological examination market. However, shortage of pathologists and skilled technicians restrains the growth of the market. Conversely, use of digital pathology in disease diagnosis create new opportunities for growth of the market.
Among applications, the other applications segment accounted for more than three-fourths of the market share in 2017 and would retain its dominance through 2025. The same would grow at the fastest CAGR of 13% during the forecast period. This is due to the high adoption of pathological examinations for diagnosis and treatment of various disease classes such as cancer, gynecology, and diabetes as well as increasing prevalence of chronic diseases worldwide. The report also analyzes applications such as digestive organs.
Among types, the traditional segment was the largest in 2017, capturing 91% of the market share and would maintain its dominance through 2025. This is due to several pathologist opting for older approach of pathological examination. However, the digital segment would grow at the fastest CAGR of 15.4% from 2019 to 2025, owing to the several significant advantages in pathology testing.
The market in the U.S. was the largest in 2017, grabbing more than half of the market share and is likely to dominate the market through 2025. This is due to early diagnosis, high purchasing power, wide availability of advanced technologies, and better reimbursement policies in the region. However, the market in Asia would achieve the fastest CAGR of 15.2% during the forecast period. This is due to the rise in incidence of chronic diseases, developing healthcare infrastructure, growing healthcare awareness, and growing awareness for early screening or diagnosis of the diseases. The report also analyzes regions such as Europe and rest of the world.
The key players analyzed in the report include
- Quest Diagnostics, Inc.
- Sonic Healthcare Limited
- Spectra Laboratories
- Diagnostic Pathology Services, Inc.
- Q2 Solutions
- Histo-Scientific Research Laboratories
These market players have adopted various strategies including collaborations, joint ventures, partnerships, expansions, and others to gain a strong position in the industry.
Key Findings of the Pathological Examination Market:
- U.S. occupied 53% share of the global pathological examination market in 2017.
- The digital pathology segment is anticipated to grow with the highest CAGR throughout the forecast period.
- The other applications segment is anticipated to grow at the highest rate during the analysis period.
Scope of the Report
|Market size available for years||2017-2025|
|Base year considered||2018|
|Forecast units||Value (USD)|
|Segments covered||Type and Application|
|Geographies covered||North America, Europe, Asia-Pacific, LAMEA|
Pathology Market by Product (Scanners, Software, Communication Systems, Storage Systems, Instruments, Consumables, and Services), Type (Human Pathology and Animal Pathology), Application (Disease Diagnosis, Teleconsultation, Drug Discovery & Development, Training & Education, and Others), End User (Pharmaceutical, Biotechnology Companies, and CROs; Hospitals & Reference Laboratories; and Academic & Government Research Institutes) – Global Opportunity Analysis and Industry Forecast, 2019-2026
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Germany Digital Pathology Market by Product (Whole Slide Imaging, Image Analysis Informatics, Information Management System Storage & Communication and Telepathology) – Global Opportunity Analysis and Industry Forecast, 2014 – 2022
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