Pathology Instruments Market Size to Grow by $ 1.23 bn During 2021-2025

Technavio has been monitoring the pathology instruments market and it is expected to grow by $ 1.23 bn, accelerating at a CAGR of almost 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Pathology Instruments Market: North America to lead market growth during the forecast period

• 38% of the market growth will originate from North America during the forecast period.
• Increase in product promotion activities will be a key trend that will influence market growth significantly.
• The Growing prevalence of cancer will be a significant factor in driving the growth of the pathology instruments market.

Pathology Instruments Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Abbott Laboratories, Agilent Technologies Inc., Becton, Dickinson and Co., Bio SB, Bio-Rad Laboratories, Inc, Danaher Corp., F. Hoffmann-La Roche Ltd., Merck KGaA, PerkinElmer Inc., and PHC Holdings Corporation are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Pathology Instruments Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive pathology instruments market growth during the next five years
• Precise estimation of the pathology instruments market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the pathology instruments market industry across North America, Europe, Asia, and ROW
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of pathology instruments market vendors

The Global Pathology Instruments Market is expected to grow by $ 1.23 billion and accelerate at a CAGR of over 6% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View our Free Sample Report

Pathology Instruments Market: Segmentation by Application

During 2020, the diagnostics segment dominated the Global Pathology Instruments Market. The rising need for early and accurate diagnostics will drive the growth of the market in diagnostic application segment. However, the market segment will record a slow growth rate during the forecast period. The growing incidence and prevalence of cancer is one of the primary growth factors driving the pathology instruments market.

To reduce the spread and prevalence of cancer, it is imperative that the disease is identified and controlled at an early stage. Early diagnosis helps in stopping the growth and spread of the cancerous cells which leads to better outcomes. Since pathology instruments are equipped with strong principles of detection that accurately diagnose the disease and guide towards appropriate treatment, the need for the early diagnosis of cancer will drive the pathology instruments market revenue.

Pathology Instruments Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Abbott Laboratories, Agilent Technologies Inc., Becton, Dickinson and Co., Bio SB, Bio-Rad Laboratories, Inc, Danaher Corp., F. Hoffmann-La Roche Ltd., Merck KGaA, PerkinElmer Inc., and PHC Holdings Corporation are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.