Pathology Devices Market Competitive Status and Outlook 2020 to 2025 | Bio-Rad Laboratories, Danaher Corporation, Definiens

Pathology Devices Industry Opportunities, Challenges, Strategies, Industry Verticals & Forecasts” offers detailed coverage of the Market and presents main market trends. The market research gives historical and forecast market size, demand, end-use details, price trends, and company shares of the leading Market producers to provide exhaustive coverage of the market.

Global Pathology Devices market is expected to witness a CAGR of 6.1% during the forecast period. Certain factors that are driving the market growth include technological advancements and the increasing prevalence of chronic and infectious diseases.

Some of the major players in the market are:

Abbott Laboratories, Becton Dickinson and Co, Bio-Rad Laboratories, Danaher Corporation, Definiens, Hamamatsu Photonics KK, Mikroscan Technologies, Ortho-Clinical Diagnostics, Roche Diagnostics, Thermo Fisher Scientific, amongst others.

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Market Overview:

Pathology refers to the branch of medicine which treats of the essential nature of the disease. The various devices used for such research or disease diagnosis purposes, in the field of pathology, are termed as Pathology Devices. The market is segmented by technology, application, end-user, and geography.

Research is observing innovation and collaboration across specialties, including pathology, for developing new medical discoveries, which are to improve health. New drug and biomarker discovery largely depends on tissue pathology and the analysis of large volumes of tissue samples. Moreover, gene expression analysis has opened up new horizons of opportunity. Also, digital pathology and tissue image analysis tools have become essential in developing companion diagnostics and enabling pathologists to support clinical decisions. Companion diagnostics help in determining the patients to respond to therapy, but while detecting predictive biomarkers has been a strong focus for the industry that develops these invaluable tools, identifying and developing robust companion diagnostics is still a very challenging process.

Key Market Trends

Disease Diagnostics is Expected to Hold Significant Market Share in the Application Segment

Clinical pathology refers to the medical specialty that is concerned with the diagnosis of disease based on the laboratory analysis of bodily fluids such as blood and urine, as well as tissues, using the tools of chemistry, clinical microbiology, hematology, and molecular pathology. A complete and accurate pathology report is crucial to getting a precise diagnosis and deciding on the best treatment plan for anyone. For example, the pathologist determines the precise type and severity (stage) of cancer and may also work with other members of the care team to recommend a treatment strategy that could include observation, surgery, chemotherapy, radiation therapy, or a combination of these approaches. Hence, the rising prevalence of such diseases is expected to directly contribute to the market growth.

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North America Dominates the Market and Expected to do Same in the Forecast Period

Over the past decade, the prevalence of various chronic as well as infectious diseases in North America has increased. According to the Journal of the American Medical Association, the practice of pathology in the United States is the application of all laboratory sciences to the prevention, diagnosis, treatment, and follow-up of the disease. However, the workforce of US pathologists has declined approximately 17% from 2007 to 2017, of all US physicians, while the number of physicians and the population overall continued to increase. Hence, the obvious place for the growth of pathology work is in precision medicine, which relies heavily on diagnostic genetics, and is booming. All such factors are generating a huge unmet opportunity for market growth across the region.

Table of Contents:

1 Introduction
2 Pathology Devices Market Research Methodology
3 Executive Summary
4 Pathology Devices Market Dynamics
5 Pathology Devices Market Segmentation
6 Competitive Landscape
7 Pathology devises Market Opportunities And Future Trends

Note:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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