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2019
Pathological Examination Market

Pathological Examination Market

by Type (Traditional Pathology and Digital Pathology) and Application (Digestive Organs and Other Applications): Global Opportunity Analysis and Industry Forecast, 2017 - 2025
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Report Code: A04879
Pages: 53
Apr 2019 | 6245 Views
Author(s) : Onkar Sumanth, Sagar Mukhekar & Dheeraj Pandey
Tables: 23
Charts: 03
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Pathological Examination Market Outlook - 2025

The global pathological examination market share was valued to be at $171 billion in 2017 and is expected to reach $438 billion by 2025, registering a CAGR of 12.3% from 2019 to 2025. 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. Pathology examinations are done to diagnose and understand the cause and effect of a disease on the body and its response toward it.

Pathological Examination Market

Surge in prevalence of chronic diseases is expected to drive the growth of the global pathological examination market. Chronic diseases such as cardiac diseases, cancer, chronic lung diseases, stroke, and type 2 diabetes account for the maximum number of deaths in the U.S. and globally. Each year, chronic diseases are responsible for 7 in 10 deaths in the U.S., accounting for majority of healthcare costs. According to the World Health Organization (WHO), chronic disease prevalence is expected to increase by 57% by 2020. Therefore, such increase in prevalence of chronic diseases drives the growth of the pathological examination market.

Shortage of pathologists and skilled technicians has been witnessed globally, owing to increase in demand for diagnosis with growing population. In the U.S., the number of practicing pathologists is expected to be reduced to 14,000 in 2030, from 17,500 in 2010. This is expected to significantly increase burden on the healthcare system and hamper the pathological examination market growth reducing number of pathology tests performed. However, United States held the dominant position in 2017 and is expected to continue the lead during the pathological examination market forecast period. Asia is expected to be the fastest growing market due to the presence of pathological examination market opportunity in the Asia region owing to the untapped market in the developing nations.

Segment review

The global pathological examination market is segmented based on type, application, and region. Based on type, the market is bifurcated into traditional pathology and digital pathology. Traditional pathology is the largest technique used in the pathological examination sector. Based on application, the market is divided into digestive organs and other applications. Other application segment is the fastest growing segment. Based on region, the market is segmented into North America, Europe, Asia, and Rest of the World.

Pathological Examination Market by Type

The scope of the global pathological examination market includes revenue generated by the pathology testing services such as anatomic pathology, surgical pathology, cytopathology, and clinical pathology. These services are provided for several applications including gynecology, gastrointestinal, genitourinary, pulmonary, blood, and lymph nodes.

Pathological Examination Market by Application

This market experienced growth in 2017 owing to surge in the use of pathological examination tests attributed to the increase in prevalence of several infectious diseases across the globe. Furthermore, surge in geriatric population and rise in health awareness are expected to foster the market growth. However, lack of reimbursement policies and decline skilled and trained healthcare professionals is anticipated to restrain the market growth during the forecast period.

Pathological Examination Market by Region

Key Benefits for Pathological Examination Market:

  • The study provides an in-depth analysis of the global pathological examination market trends along with the current trends and future estimations to elucidate the imminent investment pockets of the industry.
  • The report presents a quantitative analysis of the pathological examination industry from 2018 to 2025 to enable stakeholders to capitalize on the prevailing market opportunities.
  • An extensive analysis of the global pathological examinations market size and estimations based on type and application helps understand the trends in the industry.
  • The key market players are analyzed along with their strategies to understand the competitive outlook of the global pathological examination market.

Pathological Examination Key Market Segments:

By Type

  • Traditional Pathology
  • Digital Pathology

By Application

  • Digestive Organs
  • Other applications

By Region

  • U.S.
  • Europe
  • Asia
  • Rest of the World
 

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The adoption of pathological examinations is anticipated to witness a significant increase due to high requirement of definitive diagnosis of chronic diseases. Moreover, the pathological examination market has gained immense interest of the healthcare industry due to its high importance in wide range of applications for various disease indications such as cancer, gynecology, and diabetes. Asia is projected to register highest growth rate in the pathological examination market due to massively increasing population, high prevalence of diseases, and growth in the healthcare market.

High prevalence of chronic diseases and increase in awareness for early disease diagnosis are the major factors that drive the market growth. However, shortage of pathologists is expected to hamper the growth of the market. Currently, traditional pathology is the largest segment of the pathological examination market, in terms of revenue.

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