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Pathology Services Market Is Likely To Surpass a Valuation of US$ 31.6 Billion by the End of 2033: Reports Fact.MR

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Rockville, Feb. 27, 2023 (GLOBE NEWSWIRE) — The global pathology services market was valued at US$ 15.5 Billion in 2022 and is expected to be valued at US$ 16.5 Billion in 2023. During the 2023-2033 period of assessment, demand is expected to rise at a 6.7% value CAGR, likely to surpass a valuation of US$ 31.6 Billion by the end of the said forecast period.

The increasing prevalence of chronic diseases, high incidence of cancer, and other target diseases drive the growth of the pathology services market. The pathology services market will show rapid growth due to the growing focus on personalized medicine, and a substantial number of supporting programs and training modules by the government.

Based on the end-user, the hospital segment is expected to dominate the market in the forecast period. The presence of well-developed infrastructure, coupled with a well-trained staff in hospital-based pathological laboratories, stimulates the growth of the hospital segment.

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Report Attributes
             Details
Forecast Period        2023 – 2033
Value Projection (2032)      US$ 31.6 Billion
Growth Rate (2022-2032)              6.7 % CAGR
No. of Pages              170 pages
No. of Tables             41 Tables
No. of Figures            74 Figures


Key Takeaways from Market Study

  • The global pathology service demand is likely to surge at a 6.7% CAGR during the forecast period.
  • North America dominates the global pathology services market, with a market share of 37% and registering a value of 5.7Billion.
  • Based on the application, Disease diagnostic segment will expand the fastest, accounting for a market share of 45% over the forecast period.
  • By End-User, the Hospital segment will remain the most prominent user, accounting market share of 43% throughout the forecast period.

“Rising prevalence of the chronic disorder, increasing geriatric population and technological advancement in pathology procedures are projected to drive the growth of the pathology services market”, says a Fact.MR analyst.

Competitive Landscape

Examples of some of the market participants in the global pathology services market identified across the value chain include ACL Laboratories, AmeriPath, Biogenex, BioReference Health, LLC., Clinical Pathology Laboratories, Krsnaa Diagnostics, Labtests, PathGroup, Sonic healthcare, Spectrum Healthcare Partners, StrataDx, Sutter Health, Synnovis Group LLP, Unilabs Corporation, C-path Connected pathology among others.

Leading market players are making strategic investments in technological innovation and R&D initiatives to increase service quality.  To achieve a substantial market share in the worldwide pathology services market and strengthen their position, service providers are pursuing expansion methods such as current developments, mergers and acquisitions, collaborations, and partnerships, joint ventures.

Some of the development is as follows-

  • In January 2022 – PathGroup, one of the largest providers of anatomic pathology, digital pathology, and clinical and molecular laboratory services in the United States, announced the acquisition of Pathology Consultants, a leading provider of pathology services based in Greenville, S.C.
  • In November 2022 – Sonic Healthcare is pleased to announce that it has agreed to acquire a shareholding in Microba Life Sciences Limited.
  • In April 2021 – SYNLAB, announced a collaboration with Guy’s and St Thomas’, and King’s College Hospital NHS Foundation Trusts to deliver and transform pathology services for hospitals.

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Recent Trends

1. Growing Demand for Automation: Automation technologies such as artificial intelligence (AI) and robotics are becoming increasingly popular in pathology services. Automation can reduce turnaround times for specimen processing, improve accuracy of results, and reduce labor costs.

2. Increasing Use of Telemedicine: Telemedicine has enabled remote pathology services, allowing pathology laboratories to provide services to rural or underserved areas. This is expected to drive market growth.

3. Expansion of Point-of-Care Diagnostics: Point-of-care diagnostics provides immediate results and is becoming increasingly popular in pathology services. This is expected to drive market growth.

4. Increasing Demand for Biomarkers: Biomarkers are increasingly used in pathology services to diagnose, monitor, and predict diseases. This is expected to drive market growth.

5. Growing Demand for Digital Pathology: Digital pathology has enabled the digitization of pathology services, leading to improved accuracy and efficiency. This is expected to drive market growth.

Key Segments Covered in Pathology Services Industry Report

  • By Application :
    • Disease Diagnostics
    • Drug Discovery and Development
    • Others
  • By End-User :
    • Hospitals
    • Research Laboratories
    • Diagnostic Laboratories
    • Others
  • By Region :
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia and Oceania
    • Middle East & Africa

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More Valuable Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the pathology services market, presenting historical demand data (2018-2022) and from 2023 to 2033.

The study divulges essential insights on the Pathology Services Market Analysis Report by Application (Disease Diagnostic, Drug Discovery, and Development, Others) by End-User (Hospitals, Research Laboratories, diagnostic Laboratories, others) and By Region – Global Forecast 2023-2033

Key Questions Covered in the Pathology Services Market Report

  • What is the projected value of the Pathology Services Market in 2023?
  • At what rate will the global Pathology Services Market grow until 2033?
  • Which are the factors hampering the growth in the Pathology Services Market?
  • Which region is expected to lead in the global Pathology Services Market during 2023 to 2033?
  • Which are the factors driving the Pathology Services Market during the forecast period?
  • What is the expected market value of the Pathology Services Market during the forecast period?

Check out more related studies published by Fact.MR Research:

Nutrition Consulting Services Market: The global nutrition consulting services market is expected to be valued at US$ 7.6 billion in 2022 and rise at a CAGR of 3.5% to reach US$ 10.8 billion by 2032-end.

Aseptic Processing Equipment Market: The ease in the distribution and storage of food & beverages, along with the rising sterility demand from the pharmaceutical industry is propelling the aseptic processing equipment market.

Pathology Instruments Market: The global pathology instruments market is valued at US$ 3.65 billion in 2023 and is predicted to reach US$ 5.67 billion by the end of 2033.

Speech Pathology Services Market: The speech pathology services are estimated to be USD 4.55 Billion in 2022. The market is anticipated to expand with a CAGR of 4.5% in the forecast period. The industry is further expected to reach USD 7.07 Billion by end of 2032.

Histopathology Testing Equipment Market: The global histopathology testing equipment market size was valued at USD 2.6 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2022 to 2032.

About Fact.MR,
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IG Canada Announces Enhanced Trading Platform for Enhanced User Experience

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Meta description : Explore IG Canada’s advanced trading platform, educational resources, and robust security features. Achieve your trading goals with the innovative tools.
NOTTINGHAM, England, April 25, 2024 /PRNewswire/ — IG Canada, a premier online trading platform, is pleased to announce significant enhancements to its trading technology, designed to empower both novice and experienced traders with superior tools and resources. This development is part of IG Canada’s commitment to providing the best trading experience in the Canadian market.

IG Canada has upgraded its platform with advanced features that streamline trading processes and improve the accuracy of trade execution. These enhancements include customizable charts, a wider range of indicators, and improved mobile access, ensuring traders can operate efficiently from anywhere at any time.
Recognizing the importance of education in trading success, IG Canada has expanded its educational resources. The brokerage now offers a comprehensive learning center featuring webinars, tutorials, and articles that cater to various skill levels. These resources are designed to help traders develop robust trading strategies and improve their market knowledge.
Security remains a top priority for IG Canada. The latest updates include enhanced encryption and multi-factor authentication to protect client data and funds. These security measures provide peace of mind for traders, knowing their investments are safeguarded against potential threats.
IG Canada is a leading online brokerage that provides trading services across multiple asset classes, including forex, stocks, commodities, and indices. With a focus on innovation and customer service, IG Canada is committed to helping Canadian traders achieve their investment goals through a transparent and efficient trading environment.
In addition, IG Canada is committed to engaging with the community through upcoming webinars, live events, and partnerships with local financial experts. These initiatives are designed not only to support the growth and education of the clients but also to foster a stronger, more connected trading community in Canada.
Press Contact:Contact Name: Timothy C. SherwinEmail: [email protected] Phone: +447 441425053

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Sentrycs Now Part of the UK National Protective Security Authority Catalog of Security Equipment

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This inclusion into the NPSA CSE marks a significant milestone in the company’s commitment to enhancing national and international airspace security and to leading the C-UAS market toward multi-layer strategy optimization and excellence.
TEL-AVIV, Israel, April 25, 2024 /PRNewswire/ — Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).
 
Following a rigorous assessment process, Sentrycs’ cutting-edge Counter Unmanned Aerial Systems (C-UAS) solution has met the high standards set by the NPSA for Detection, Tracking, and Identification (DTI). The testing, conducted at the NPSA’s designated testing facilities in August 2023, rigorously evaluated the Sentrycs system against the NPSA’s DTI Testing and Evaluation Standard v3.1.
Sentrycs elected to be assessed under Configuration D as a 3D system with Ground Control Station (GCS) detection capability and platform identification capability, which is the most demanding test scenario with the highest number of scored parameters.
The Sentrycs system demonstrated exceptional capabilities in various security scenarios, showcasing its robustness in detecting and tracking with high accuracy and zero false alarms. The system’s innovative use of cyber techniques to extract data from targets and its streamlined human-machine interface were especially noted for their efficiency and ease of use.
“Our team is proud to have Sentrycs recognized by the UK National Protective Security Authority,” said Yoav Zaltzman, CEO of Sentrycs. “Being listed in the CSE is not just an honor; it’s a testament to our technology’s reliability and effectiveness in contributing to the ever-changing airspace security landscape.”
Sentrycs’ technology is now accessible through the NPSA CSE, providing security practitioners with verified solutions that meet the UK’s rigorous security standards. This inclusion not only underscores Sentrycs’ role in advancing security technology but also enhances its visibility and credibility on a global stage.
For more details on Sentrycs’ solutions and their impact, visit www.sentrycs.com.
For further information regarding the NPSA and the Catalog of Security Equipment, please visit the NPSA’s official website.
About Sentrycs
Sentrycs is a leader in adaptive counter-drone solutions, supported by innovative technology designed to passively identify, mitigate, and where necessary, intercept unauthorized drones custom-built for various environments – including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs’ has offices in Israel and the US, serving customers worldwide. By uniting its field-proven technology and expertise in global drone environments, Sentrycs is leading the way towards a safer and more secure drone-driven future. Learn more at www.sentrycs.com
Video – https://www.youtube.com/watch?v=YBuhpTq5QuM

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Homestyler to Recruit First Batch of Global Partners in 20 Countries

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MILAN, April 25, 2024 /PRNewswire/ — Homestyler, a leading all-in-one 3D Design platform and creative community for global designers invested by Easyhome New Retail Group and Alibaba Group, successfully hosted the Homestyler Global Partners Conference and Gorgeous Home Imported Brand Investment Promotion Conference from April 18 to 19 on the sidelines of the 2024 Salone del Mobile Milano, the world’s leading furniture fair.

Easyhome is at the forefront, driving the transformation of the home furnishing industry into a full-service platform. It has developed a tailored solution for global brands called Gorgeous Home, which includes supportive policies and has established local distribution and service networks in international markets. During the conference, Homestyler unveiled a suite of digital products enhanced by 3D and AI technologies, including cloud-based design tools, virtual livestreaming that can alter and restore furnishing scenes to true-to-life scale, a 3D Floor Planner, a 3D Virtual Studio, and a 3D Interactive Panorama, among others. The event also marked the signing ceremony with the first group of global partners.
The Global Partners Program is a key milestone of Homestyler’s roadmap towards global commercialization. It has established close partnerships with around 1,000 global home furnishing companies and design institutions to provide solutions for digital transformation. The first global partners from more than 20 countries and regions will collaborate to explore content creation and marketing potential to deliver effective growth.
In addition, Homestyler shared the unique advantages of its software and cloud designing tools, particularly in cloud rendering, free modeling capabilities, 3D model and material libraries, one-stop workflow, and user-friendliness.
“The core technologies and products of Homestyler extend through all links both online and offline and deeply converge physical experience with digital technologies, such as attracting customers, content design and creation, interactive scene, check-out tracking and more, and we continue to optimize and enhance the 3D scenario shopping experience to empower the transformation and upgrading of the global home furnishing industry,” said Ma Xingjian, head of Homestyler’s overseas business.
Looking ahead, Easyhome and Homestyler aims to establish an international service, regional distribution and dealership system, serving as a bridge between global designers and home furnishing companies worldwide to enable designers residing in different countries and regions to highlight their 3D design solutions and boost shopping experience for the consumers.
As a creative hub for global designers, Homestyler continually expands its model library with home furnishing products from around the world and provides the latest in 3D and AI technologies to help companies promote their products across various channels. Companies such as P Life Concept London, Lahoma Ltd., and Tecnobit S.r.l. are leveraging Homestyler products to enhance the online shopping experience and increase efficiency on their websites. Homestyler plans to introduce more B2B digital products and services, including advanced 3D tools for designing, modeling, rendering, virtual studio shooting, and livestreaming. “Homestyler will further advance our international development: we are planning to establish industry-academy cooperation with Italy’s top design institution, the Polytechnic University of Milan, and the relationship with ADI. With the launch of Global Partners Program, Homestyler will continue to invest in supporting policies and boost international influence through various cooperation programs, to achieve the goal of providing better design services for users globally,” said Xu Min, general manager of Homestyler.
For more information, please visit https://www.homestyler.com.
About Homestyler
Homestyler was jointly invested in by Easyhome New Retail Group and Alibaba Group. It is dedicated to provide 3D cloud design tools for designers worldwide and delivering a comprehensive suite of 3D+AI digital solutions to the furniture and home furnishing industry.

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