Product ID: SQMIG35H2161
Global Tissue Diagnostics Market Size, Share, Growth Analysis, By Technology(ISH, Digital Pathology), By Disease(Breast Cancer, Prostate Cancer), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
SQMIG35H2161 |
Region:
Global |
Published Date: April, 2024
Pages:
242
|
Tables:
94 |
Figures:
76
Global Tissue Diagnostics Market Dynamics
Tissue Diagnostics Market Drivers
- Rising prevalence of cancer at a high rate is a major driving factor of the market during the forecast period. The incidence of cancer is the highest in developed regions; however, cancer mortality is relatively higher in developing regions due to the various factors such as lack of access to advanced treatment facilities and the late detection of cancer in several patients. According to the WHO, approximately 70% of deaths due to cancer were reported in low-income and middle-income countries in the year 2020.
- The escalating healthcare expenditures through governments as well as private sector have become a primary driver of the global tissue diagnostics market. As the government bodies of several countries are focusing towards building a robust healthcare infrastructure, the number of hospitals and diagnostic laboratories is increasing largely. Furthermore, due to the increase in the per capita income of people, they are spending higher on their health and body.
Tissue Diagnostics Market Restraint
- Lack of awareness among people about tissue diagnostics in rising economies, combined with low extra income, are major factors expected to hamper the market growth during the forecast period.
- Shortage of trained staff in the laboratories across the world is another major factor restraining the market growth in the coming years. For instance, in the UK only 3% of diagnostics laboratories has sufficient staff to deliver their diagnostic and routine tasks such as reporting of workload.
Global Tissue Diagnostics Market Report Snapshots
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