Global Pathology Market: Overview
Use of digital technology has grown significantly in almost all the sector, but it has grown stupendously in the healthcare sector. Pathology is one branch of therapeutics where extensive investigation is included. The reason behind pathology is to know the reason, origin, and nature of the disease by systematically inspecting the body liquids, tissues, and organ. This procedure helps in determining the exact reason and condition of the illness and then to choose the course of treatment of the diseases. The pathology procedure is performed in two different ways digital and anatomical pathology. Different techniques are used to detect the disease that helps in finding diagnosis of disease on the basis of microscopic as well as macroscopic examination of tissues, organs, and body fluids.
Other than these elements few elements that contribute in the development of the global pathology market is talked in detail in the upcoming report by Transparency Market Research. Researchers have made significant efforts to bring out complete and clear image of the market; as a result, they deliberately focused on drivers, increasing focus in current trends, opportunities, and restrictions that may hinder development in this market. They have likewise attempted to give bits of knowledge about the regional growth prospects and how they will shape the market in the coming years.
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Global Pathology Market: Notable Developments
Omnyx LLC., Leica Biosystems Nussloch GMBH, Mikroscan Technologies, Inc., GE Healthcare, Hamamatsu Photonics K.K, Koninklijke Philips N.V. Healthcare, microDimensions GmbH, Huron Digital Pathology Inc., Apollo Enterprise Imaging Corporation, and Ventana Medical Systems, Inc.
In 2018, Royal Philips - a Dutch conglomerate, acquired the Irish PathXL that is one of the biggest pathology and image-based analysis firms. This major objective behind this acquisition was to develop integrated tools targeting applications in workflow solutions, computational biology, education, and image analytics.
Other leading players are also making significant efforts and are engaged in developing new products and they also investing largely in the mergers and acquisition, partnership, collaboration, and innovation. For example, Leica Biosystems in 2017 entered into a strategic partnership with Leeds Hospital mainly to improve its workflow and productivity.
Global Pathology Market: Drivers and Restraints
Significant rise in technological advancements in digital pathology systems has opened numerous new opportunities in the global pathology market. Moreover, advancements seen in this market such as computerization, digital imaging, multiple fiber optic communications, and robotic light microscopy are also expected to contribute massively in the growth of this market. For example, whole slide imaging is one such technique that provides numerous benefits over conventional light microscopes. This factor is also estimated to give a significant push in the global pathology market.
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Global Pathology Market: Regional Outlook
On regional grounds, North America is expected to hold the biggest portion in the global pathology market in the coming years. Growing prevalence of chronic diseases and constant initiatives taken by government and players in performing advanced diagnostics made this region a leading player in the global pathology market.
However, there are high chances that during the projected tenure Asia-Pacific may come in as key players and boost the growth in the global pathology market. The high development in the healthcare sector along with the presence of an enormous patient populace, dearth of pathologists, and rising employment of advanced technologies that will be used for illness analysis, all of these factors have made Asia-Pacific a lucrative region for the growth of the global pathology market. Additionally, expanding activities by players in the healthcare industry is also estimated to drive the growth in this market in the forthcoming year.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.