Pathology lab equipment market size is expected to grow significantly from 2019 to 2025. Increasing prevalence of chronic diseases will render positive impact on pathology lab equipment market growth. According to data published on WHO, worldwide maximum number of individuals are diagnosed with diabetes and other chronic illness due to weak immune system that accelerates the need for this lab equipment. Availability of several other equipment such as hot air oven, incubator colorimeter and glucometer among others, enables efficient testing of body fluids and tissue sample for easy disease detection. Thus, aforementioned factors coupled with increasing healthcare expenditure in private and public healthcare division should augment pathology lab equipment business growth.
Furthermore, availability of advanced lab pathology equipment along with focus of manufacturers on developing innovative lab equipment will boost tremendous demand for this lab equipment. Pathology lab equipment facilitate microbiology, hematology, immunology, cytology and genetic testing in minimum time with greater and accurate precision that should fuel pathology equipment market business growth. However, higher initial investment in pathology lab equipment may hinder business growth over coming years.
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Hematology testing segment is expected to witness significant growth trend during coming years. Increasing prevalence of chronic disorders including diabetes and cancer will fuel the need for pathology lab equipment. Hematology testing comprises of laboratory assessments of blood disorder such as leukemia, hemophilia, anemia by determining count of RBC, WBC, platelets in blood. Hence, above-mentioned aspects thus augment segmental growth.
Clinical and diagnostic laboratories segment will witness significant growth over analysis period. Increasing incidence of numerous diseases along with availability of multiple purpose pathology lab equipment extensively preferred in diagnostic laboratories, thereby accelerates segmental growth. Moreover, higher cost associated with hospital-based laboratories than clinical and diagnostic laboratories will help in escalating industrial demand.
North America pathology lab equipment market will show significant growth during the analysis timeframe owing to enhancing R&D practices and initiatives by government to promote healthcare facilities across the region. Presence of innovative and advance pathology equipment enabling quick detection of critical disease specifically in North America will help escalating pathology lab equipment market growth.
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Few of the prominent business players functioning in pathology lab equipment industry include Thermofisher Scientific, Agilent, Danher, Fujifilm, Shimadzu, Waters and Bio Rad. Business players adopts several strategies including partnerships to sustain market competition. For instance, in 2017 Bio Rad launched ChemiDoc MP Imaging System. A stain-free total protein normalization that offer reliable and reproducible results. This strategy enhanced product range of the company.
Pathology Lab Equipment Market By, Application 2014-2025 (USD Million)
- Clinical Chemistry Testing
- Microbiology Testing
- Hematology Testing
Pathology Lab Equipment Market By, End user 2014-2025 (USD Million)
- Independent and Reference Laboratories
- Hospital-based Laboratories
- Clinical and Diagnostic Laboratories
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Agilent Technologies
- Bio Rad
- F. Hoffmann-La Roche
- Thermofisher Scientific
- Waters Corporation