Market Analysis - (2021) Volume 0, Issue 0
Pathology covers each part of the patient’s mind, beginning from diagnostics to treatment advises and aversion. Pathologists engage with specialists, physicians, scientists, medical assistants, and medicinal services experts in clinics and General practitioner's surgeries to analyze, forestall and treat sickness.
The Worldwide Market of pathology is anticipated to $437 million by 2018 with a CAGR of 11.8% from 2013 to 2018. As indicated, there are 24,785 pathologists working with patients in Australia and it has reached revenue of 3 billion dollars with a compound annual growth rate of 1.6% between 2014 and 2019.
The key factors influencing the evolution of this market include increasing prevalence of cancer, increasing adoption of digital pathology to enhance lab efficiency, increasing initiatives by governments & industry players, ease of consultation, and mounting bids of digital pathology in medical development and companion diagnostics.
The worldwide market for anatomic pathology will possibly improve up at a consistent pace of 6.5% from 2017 to 2025, estimation of a report done by Transparency Market Research. At this pace, the market is anticipated from US$17,318.0 Mn in 2016 to US$30,314.5 Mn by the end of 2025.
It is estimated that the Europe Digital Pathology Market to hit $151m by 2021 from $62.3m in 2012. During the same period, the USA Digital Pathology Market will reach $205.67mn from $77.23mn at a CAGR of 17%. Among all the countries, North America will dominate the Digital Pathology market followed by Europe, Latin America and Asia Pacific. Asia Pacific will witness the fastest growth (at a CAGR of 13.4%) during the forecast period. Growth will be supported by the increased number of cancer patients, increased demand of novel patient care facilities and reduced laboratory expenses.
Anatomic Pathology plays a key role towards the study, diagnosis and treatment of various chronic diseases such as infectious diseases and Cancer. It includes the analysis of biopsy or body parts to diagnose a disease. It is also very important in Pharmaceutical Industries to perform toxicological studies.
This Anatomic Pathology market has a huge growth potential fueled by the increased prevalence of chronic diseases, increased aging population and moreover increased health care expenditures across the globe. The global Anatomic pathology market can be segmented into products type and service. The Pathology service market can be segmented into reagents, consumables, instruments, and services.
The instruments can be segmented into slide strainers, tissue processers, microtomes, and application market can be segmented to drug discovery, diagnosis. Products in terms of users’ ca are segmented into Diagnostic Laboratories, hospitals, and Research organizations.
The report also focuses on global major leading industry players of Global Pathology market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. This report focuses on Pathology volume and value at global level, regional level and company level. From a global perspective, this report represents overall Pathology market size by analyzing historical data and future prospect.
Pathology usage increases with an increase in the prevalence of diseases and with mounting diseased population. Pathology is used globally for applications influencing research by academic personalities, disease diagnosis in clinical and healthcare centers, and in the discovery of new drugs.
Disease Diagnosis which is recorded to be $11.9 billion in the year 2013 is about to reach $13.1 billion by 2019 with a developing CAGR of 1.6% between 2014 and 2019. Drug discovery is relied upon to reach $85.8 billion by 2022 from $54.7 billion by 2017 with a development in CAGR up to 9.4% from 2017 to 2022.
Medical Microbiology & Diagnosis received 14 citations as per Google Scholar report
