Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Product Overview
Pathology is the field of the healthcare which is primarily concerned about the study of the diseases. It is concerned with the treatment and diagnostic of the diseases. The pathology devices are tools which are used to diagnose the chronic diseases such as stroke, diabetes and cancer. These tools help the physicians to monitor and measure the progression of the diseases. The advancement in the clinical technology such as immunoassays and clinical chemistry is anticipated to boost the growth of the pathology devices. The increasing prevalence of the infectious diseases requires better diagnostic abilities which in turn increases the demand for the pathology devices. Some of the prominent pathology devices includes cover slipper accessories, cover slippers, cryostat accessories, cryostats, microtome accessories, microtomes, cassette printer accessories, tissue processors, tissue processor accessories etc.
Market Size and Forecast
The global pathology devices market is anticipated to expand at a significant CAGR during 2018-2027. The increasing prevalence of the chronic diseases across the globe coupled with increasing demand for the better healthcare services is anticipated to be the primary reason for the growth of the global pathology devices market over the forecast period.
The global pathology devices market can be segmented on the basis of technology, application, end-users and region. On the basis of technology, it is sub-segmented into clinical chemistry, immunoassays technology, microbiology, hematology and molecular diagnostics. Molecular diagnostics is anticipated to be the fastest developing sub-segment during the forecast period. The molecular diagnostics offers better quality diagnostics in comparison to other conventional pathology devices. On the basis of application, it is sub-segmented into drug discovery and development, disease diagnostics and forensic diagnostics. Disease diagnostic is anticipated to be the largest sub-segment of the application segment over the forecast period. The rising prevalence of the chronic diseases across the globe is increasing the application of pathology devices .On the basis of the end-users, it is sub-segmented into contract research organizations, diagnostics laboratories, pharmaceutical, forensic laboratories and academic institutes. Diagnostic laboratories are anticipated to be the largest end-users sub-segment for the global pathology devices market. The increasing application of pathology devices on the account of increasing demand for the better diagnostics services is anticipated to boost the growth of the global pathology devices market during the forecast period.
By region, global pathology devices market is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America is anticipated to hold the largest market share for the global pathology devices market during the forecast period. The increasing demand for the diagnostic services and technological advancement in pathology devices coupled with the favorable government regulations is driving the growth of the global pathology devices market in the region. Europe region is anticipated to be second largest region for the global pathology devices market. The rising health concern in the region coupled with the increasing demand for the better healthcare services is anticipated to propel the growth of the pathology devices market in Europe.CLICK TO DOWNLOAD FREE SAMPLE
Market Segmentation
Our in-depth analysis segmented the global pathology devices market in the following segments:
By Technology:
By Application:
By End-Users:
By Region
Global pathology devices market is further classified on the basis of region as follows:
Growth Drivers and Challenges
The increasing penetration of the life threatening diseases coupled with increasing population is anticipated to be the primary growth driver for the global pathology devices market during the forecast period. The increasing initiative by the government in order to prevent the prevalence of the diseases is anticipated to boost the growth of the pathology devices market. The increasing application of the pathology devices for the disease diagnostics is driving the global pathology devices market during the forecast period.
However, less awareness about the pathology devices coupled with the high cost is expected to hamper the growth of the global pathology devices market.
Key Players
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