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Pathological Examination Market Expected to Reach $438 Billion by 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.

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Pathological Examination Market Expected to Reach $438 Billion by 2025

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  1. Pathological Examination Market

  2. 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. The global pathology market is helping to prevent several infections and other diseases in the elderly and children with better treatment and care applications and effective diagnosis using digital pathology. Has attracted interest in the care industry. Recent developments such as product launches and approvals, collaborations and partnerships by key players in the market drive market growth. Get Sample Report

  3. Pathological Examination Marketis expected to reach $438 billion by 2025, registering a CAGR of 12.3% from 2019 to 2025. In terms of number of tests, the global pathological examination market size is expected to reach 65 billion by 2025, registering a CAGR of 8.0%. 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.

  4. 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.

  5. Key Findings of the Pathological Examination Market: • U.S. occupied 53% share of the global pathological examination market in 2017. • The digital pathology segment is anticipated to grow with the highest CAGR throughout the forecast period. • The other applications segment is anticipated to grow at the highest rate during the analysis period.

  6. U.S. was the highest revenue contributor in the global pathological examination market, accounting for over 50% share of the total market in 2018. • Some of the major companies operating in this market include • Quest Diagnostics Inc. • Sonic Healthcare Limited • Spectra Laboratories • Diagnostic Pathology Services Inc. • Q2 Solutions • Histo-Scientific Research Laboratories

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