Pathological Examination Market Size Expected to Reach $438 Billion Registering a CAGR of 12.3% by 2025

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Recent developments such as product launches & approvals and collaborations & partnerships in the market by key players propel the market growth.

Global pathological examination market has gained the interest of the healthcare industry due to its application in better treatment and care, and effective diagnosis using digital pathology to help prevent several infectious and other forms of disease in geriatric and pediatric population. Recent developments such as product launches & approvals and collaborations & partnerships in the market by key players propel the market growth.

"Pathological Examination Market by Application, and Type: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,the global pathological examination market share was valued 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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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. The factors such as increase in prevalence of chronic diseases and high focus on early diagnosis of diseases drive the growth of the market. However, shortage of pathologists, is expected to restrict the global pathological examination market growth across the globe.

The digital pathology segment is expected to grow at the highest CAGR of 15.4% during the forecast period due to its advantages and expected adoption in the future.

Depending on application, the other applications segment is expected to exhibit the fastest growth rate of 13.0% during the forecast period. This is attributed to high adoption of pathological examination trends for diagnosis and treatment of various disease classes such as cancer, gynecology, and diabetes.

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U.S. was the highest revenue contributor in the global pathological examination market, accounting for over 50% share of the total market in 2018. However, Asia is expected to grow at the highest rate due to massively increasing population, high prevalence of diseases, and growth in the healthcare market.

Some of the major companies operating in this market include Quest Diagnostics, Inc., Sonic Healthcare Limited, Spectra Laboratories, Diagnostic Pathology Services, Inc., Q2 Solutions, and Histo-Scientific Research Laboratories

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Organization: Allied Market Research
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