Pathology Lab Equipment Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

Pathology Lab Equipment Market size is projected to witness appreciable gains over 2023-2032, owing to the growing burden of chronic health conditions including cancer. During cancer diagnosis, a pathology report can help examine the extent of the disease spread within the body and plan treatment. With the rise in cancer awareness programs, the adoption of pathology lab machines for disease analysis will accelerate.
 

To cite an instance, in 2021, the EU began the Mission on Cancer to improve cancer control, care, and prevention, thereby hastening pathology lab equipment production. Pathology refers to a branch of medical science concerning the origin, cause, and nature of diseases through urine, blood, and tissue samples. In pathology labs, researchers handle extremely sensitive materials, thereby requiring a range of equipment to limit the spread of infections or diseases and aid in disease diagnosis.
 

The rising emphasis on early disease detection to mitigate the transmission of infectious diseases is one of the prominent factors fostering the global pathology lab equipment market trends. For example, in India, early detection of new coronavirus variants is among the surveillance measures of the Central Government due to the surge in new cases toward the end of 2022. Such initiatives, alongside the escalating healthcare spending, are anticipated to add impetus to industry development over the estimated timeline.
 

The hematology testing application segment is set to hold a considerable share of the pathology lab equipment industry between 2023 and 2032, considering the growing incidence of blood disorders such as sickle cell disease. As per data from the CDC, the disease affects nearly 100,000 Americans. Furthermore, the increased funding to provide educational materials and information on hemophilia will bolster the usage of equipment for pathology labs for hematology testing applications.
 

Based on the end-user, the pathology lab equipment market size from the clinical and diagnostic laboratories segment is expected to garner commendable profits over the forecast period. This growth is driven by the mounting investment in research labs to accelerate drug development. For instance, in October 2022, Thermo Fisher Scientific Inc.’s PPD clinical research business unveiled plans to invest USD 59 million to expand its lab operations in Kentucky, the U.S. to help deliver life-changing medications to patients.
 

On the regional front, the Europe pathology lab equipment industry value will grow commendably by 2032, owing to the high burden of chronic and infectious diseases. According to the Office of National Statistics, between January and March 2022, 1 in 22 people who died due to COVID-19 had blood cancer in Wales and England. Additionally, the strong focus on the use of AI in diagnostic medical imaging and the escalating healthcare spending are projected to drive the demand for pathology lab equipment across the region.
 

Bio-Rad Laboratories, Waters Corporation, Fujifilm, Danaher, Thermo Fisher Scientific, Shimadzu Corporation, and Agilent Technologies are some of the major companies operating in the pathology lab equipment market. Product range expansions, business developments, and partnerships are some of the initiatives being undertaken by these companies to reinforce their footprint in the global market.
 

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