Europe Histopathology Services Market Targets $8,766 Million Value by 2023
The Europe Histopathology Services Market was valued at $5,583 million in 2016, and is expected to reach $8,766 million by 2023, growing at a CAGR of 6.6% from 2017 to 2023.
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Histopathology tests are conducted in histopathology laboratories, wherein a pathologist studies changes or abnormalities in tissues caused by a disease.
Increase in prevalence of cancer & other chronic disorders, rapid growth in geriatric population in Europe, and rise in public awareness towards disease screening drive the growth of the Europe histopathology services market. However, limitations of histopathology, as the technique is subjected to human error during analysis and preparation of tissue slides, and dearth of pathologists & medical laboratory scientists in the UK are expected to impede the market growth. On the contrary, increase in demand for personalized medicine is expected to offer ample opportunities for market expansion during the forecast period.
The surgical specimen segment accounted for nearly half of the market share in 2016, and is expected to maintain its dominant position during the analysis period, owing to increase in number of surgical procedures across Europe.
Europe Histopathology Services Market Segmentation
The Europe histopathology services market is segmented on the basis of type of examination and country. Based on type of examination, the market is classified into surgical specimen, gastrointestinal biopsy, breast biopsy, lung biopsy, biopsy of gynecological cancers, renal biopsy, pancreatic biopsy, skin tissue biopsy, liver biopsy, nerve biopsy, testicular biopsy, and others. By country, it is analyzed across Germany, France, the UK, Spain, and rest of Europe.
Histopathological examination of a surgical specimen is performed when surgical resections are submitted by surgeons or non-surgeons, including medical subspecialists, dermatologists, and interventional radiologists. A surgical resection specimen is obtained via surgical removal of an entire diseased area or organ. Surgical resection procedures are often intended as definitive surgical treatment of a disease, which is pre-diagnosed or strongly suspected.
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Key Findings of the Europe Histopathology Services Market :
• The liver biopsy segment is expected to grow at a CAGR of 9.9% from 2017 to 2023.
• UK is expected to grow at the highest CAGR of 7.4%.
• Germany held a major share of 19.6% in 2016 in the European market, and is expected to retain its position throughout the forecast period.
• Gastrointestinal biopsy segment held a share of 11.6% in 2016.
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