In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
Request InsightsPurchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively. Request Insights
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.
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 SAMPLE REPORT
Our in-depth analysis segmented the global pathology devices market in the following segments:
Global pathology devices market is further classified on the basis of region as follows:
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.
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