Global Pathological Examination Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026

The global pathological examination market size was around $172.08 billion in 2018, and is expected to reach $438.78 billion by 2026, growing at a CAGR of 12.4% from 2019 to 2026. The research offers a detailed analysis on changing market dynamics, key investment pockets, major segments, and market competition.

Factors such as increase in prevalence of chronic diseases and high focus on early diagnosis of diseases drive the market growth. 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.

Traditional segment to lead in terms of revenue through 2026

Among types, the traditional segment was the largest in 2017, capturing 91% of the market share and would maintain its dominance through 2026. However, the digital segment would grow at the fastest CAGR of 15.4% from 2019 to 2026.

Asia to be the fastest growing region through 2026

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 2026. 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.

Key players of the industry

Leading market players analyzed in the research include Quest Diagnostics, Inc., Sonic Healthcare Limited, Spectra Laboratories, Diagnostic Pathology Services, Inc., Q2 Solutions, Histo-Scientific Research Laboratories, among others. These market players have adopted various strategies including collaborations, joint ventures, partnerships, expansions, and others to gain a strong position in the industry.

Segmentation:

By Type
Traditional Pathology
Digital Pathology

By Application
Digestive Organs
Other applications

By Region
U.S.
Europe
Asia
Rest of the World

The report analyzes and forecasts the pathological examination market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global pathological examination market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the pathological examination market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides size (in terms of volume and value) of pathological examination market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

Report coverage

• Analysis Period: 2015 – 2026
• Base Year: 2018
• Forecast Data: 2019 – 2026
• Regional Scope: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• Report Coverage: Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are:

• To analyze and study the global pathological examination capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);
• Focuses on the key pathological examination manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.