According to Acumen Research and Consulting, the global Pathological Examination market is expected to grow at noteworthy CAGR around 12 % throughout the forecast period and reach around US$440 billion by 2026.
The report provides analysis of global Pathological Examination market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
Pathological Examination are mobility devices that help to lift weak, obese, or disabled patients safely. These are key tools, in particular for nurses suffering strain injuries from patient lifts, which represent an approximate one third of all annual injuries reported as per the data released by the World Health Organization.
The growth of the global pathology examination market is anticipated by an increase in the prevalence of chronic diseases. The maximum number of deaths in the US and globally are accounted for by chronic conditions like cardiac conditions, cancer, chronic lung illnesses, stroke and type 2 diabetes. Chronic illnesses account for most health care costs and 7 out of 10 deaths in the United States every year. Chronic disease prevalence is expected to increase by 57 per cent by 2020, according to the World Health Organisation (WHO). Then the growth of the pathological exams market drives a rise in the prevalence of chronic diseases.
There has been a global shortage of pathologists and qualified technicians because the demand for diagnoses with the growing population was increasing. In the USA, the pathologists will be 14,000 in 2030 and 17,500 in 2010. Practicing pathologists in 2030. The burden on the medical care system is expected to increase significantly and hinder the growth of the market in pathology examination by reducing the number of pathology examinations. However, the United States was dominant in 2018 and will continue to be the leader during the forecast market period for pathological examinations.
Types, applications, and regions are the basis of the global pathology examination market. Based on type, traditional pathology and digital pathology are transformed into markets. The largest method used in the field of pathological examinations is traditional pathology. The market is split into digestive organs and other applications on the basis of application the fastest growing segment is Other applications. The North America, Europe, Asia and the Rest of the World, segments the market on a regional basis.
Pathology testing services such as anatomic pathology, surgical pathology, cytopathology, and clinical pathologies have been generated by the worldwide market for pathological examinations. These services are offered with gynäology, gastrointestinal, genitourinary, pulmonary, blood and lymph nodes for several applications.
Due to the increase in the prevalence of several infectious diseases worldwide, the market increased in 2018 with pathologic testing. In addition, growth and awareness of the geriatric population is expected to boost market growth. However, the market growth over the forecast period is anticipated to curb a lack of compensation policy and a decrease in skilful and qualified healthcare practitioners.
The US market was the largest in 2018 and is expected to acquire more than one-half of its market share and dominate by 2026. Early diagnosis, high purchasing capacity, extensive availability of advanced technology, and improved repayment strategies in the region are responsible for this. But in Asia the fastest CAGR in the forecast period would be 15.2 percent. The result is the increase in the incidence of chronic diseases, the development of health infrastructures, increasing awareness of health care and increasing awareness of early diagnosis. In the report, regions like Europe and the world are analyzed.
This study provides a detailed analysis of the trends in the global pathology market and the current trends and future estimates, in order to clarify industry's imminent investment pockets. A pathological testing industry quantitative analysis from 2019 to 2026 is presented in this report, so that stakeholders can leverage their current market opportunities. A thorough analysis of the global market size of pathological exams and type and application estimates contribute to an understanding of the industry trends. Together with their strategy to understand the competitive prospects of the international pathology exam market, the key players are analyzed.
Global Pathological Examination Market, by Type
Global Pathological Examination Market, by Application
Global Pathological Examination Market, by Geography
The market research study on “Pathological Examination Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Pathological Examination market segments with market dynamics and their impact. The report also covers basic technology development policies.
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Key Players & Strategies
The research includes Quest Diagnostics, Inc., Sonic Healthcare Limited, Spectra Labs, Diagnostic Pathology Services, Inc., Q2 Solutions, Histo-Scientific Research Laboratories, among other leading market players analyzed. These players in the markets have adopted several strategies for gaining a strong position in the industry, including collaborations, joint companies, partnerships, expansions and others.