Global Pathological Examination Market Insights 2021: Trends, Size, CAGR, Growth Analysis by 2028
The pathological examination market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 13.78% in the forecast period of 2021 to 2028 and is expected to reach USD 690.53 million by 2028. The rise in the prevalence of chronic diseases among population across the globe is escalating the growth of pathological examination market.
The pathology examination refers to a complex process which involves many steps. It is an important process for the neoplasm, infection or genetic abnormalities. The physician decides on the course of care by analyzing the valuable information generated by the pathology examination. The examination plays a major role in determining the presence or absence of cancer and providing information on selecting the best treatment option.
The rise in the number of cases related to chronic disease and disorders such as chronic lung diseases, cardiac diseases, cancer, type 2 diabetes and stroke and the increasing mortality rate globally due to the respective diseases are the major factors driving the pathological examination market. The emergence of infectious diseases such as COVID-19 and high need to diagnose and treat such health threats accelerate the pathological examination market growth. The extensive use of pathology examination in the healthcare sector as it plays a crucial role in diagnosing the disease and determining the correct course of treatment for the patient and assisting medical professionals in giving the best treatment options. The increasing research and development activities and the increase in investment in these projects also influence the pathological examination market. Additionally, the growth in geriatric population, rising awareness among people regarding the examination, enhancing healthcare infrastructure and increase in healthcare expenditure positively affect the pathological examination market. Furthermore, emergence of digital pathology, technological advancement and new innovations extend profitable opportunities to the pathological examination market players in the forecast period of 2021 to 2028.
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