Global Pathology Laboratories Market Size study & Forecast, by Type (Hospital-based, Standalone Labs, Diagnostic Chains) by Testing Services (General Physiological & Clinical Tests, Imaging & Radiology Tests, Esoteric Tests, COVID-19 Tests), by End-use (P

Global Pathology Laboratories Market Size study & Forecast, by Type (Hospital-based, Standalone Labs, Diagnostic Chains) by Testing Services (General Physiological & Clinical Tests, Imaging & Radiology Tests, Esoteric Tests, COVID-19 Tests), by End-use (Physician Referrals, Walk-ins, Corporate) and Regional Analysis, 2022-2029

Global Pathology Laboratories Market is valued at approximately USD 311.2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.86% over the forecast period 2022-2029. A pathology laboratory is a place where medical tests are performed on clinical specimens to learn more about a patient's health and to help with illness diagnosis, treatment, and prevention. The rising emphasis on advancing the healthcare infrastructure in underdeveloped and developing countries, high reimbursement for diagnostics services, and increasing prevalence of various chronic diseases are primary factors that are stipulating the market growth around the world.

The growing need for regular general health check-ups among the senior population is acting as a catalyzing factor for market growth globally. According to the World Health Organization (WHO), it was expected that the number of ageing people increases from 1 billion in 2020 to 1.5 billion in 2030 that worldwide accounting for 1 in 6 people above 60. Accordingly, the incidences of chronic disorders are more prevalent in geriatric people. The national council reported that in the U.S the ageing 80% of adults above the age of 65 are affected by at least one chronic disease, which is witnessing rising needs for medical check-ups for the geriatric age group. Thereby, these aforementioned factors are surging the growth of the market. Moreover, the rising technological advancements, as well as the growing healthcare spending are presenting various lucrative opportunities over the forecasting years. However, the huge capital required for high-end molecular diagnostics and the dearth of skilled professionals are hampering the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Pathology Laboratories Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the growing awareness regarding healthcare and the rising incidence of various target diseases. Whereas, the Asia Pacific is also expected to grow with the highest CAGR during the forecast period, owing to factors such as the availability of cost-effective pathology tests, increasing expenditure on healthcare, and active participation of government and nonprofit organizations in the market space.

Major market players included in this report are:
Healius Limited
Quest Diagnostics Incorporated
Eurofins Scientific
Laboratory Corporation of America Holdings
Exact Sciences Laboratories LLC
Spectra Laboratories Incorporated
SYNLAB International GmbH
Sonic Healthcare Limited
Dr. Lal Path Labs
Metropolis Healthcare Limited

Recent Developments in the Market:
 In January 2022, Quest Diagnostics announced the acquisition of Pack Health- a patient engagement company. The aim of this acquisition is to improve value-based service.
 In May 2021, Quest Diagnostics declared that the company collaborated with Paige with the objective of enhancing the quality of oncology testing by using the advancement in AI-generated pathology.

Global Pathology Laboratories Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Testing Services, End-use, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Hospital-based
Standalone Labs
Diagnostic Chains
By Testing Services:
General Physiological & Clinical Tests
Imaging & Radiology Tests
Esoteric Tests
COVID-19 Tests
By End-use:
Physician Referrals
Walk-ins
Corporate
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World



Companies Mentioned

Healius Limited
Quest Diagnostics Incorporated
Eurofins Scientific
Laboratory Corporation of America Holdings
Exact Sciences Laboratories LLC
Spectra Laboratories Incorporated
SYNLAB International GmbH
Sonic Healthcare Limited
Dr. Lal Path Labs
Metropolis Healthcare Limited

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