South and Central America Histopathology Services Market Growth Drivers and Forecast by 2028
Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028South and Central America Histopathology Services Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type of Examination (Surgical Specimen, Breast Biopsy, Lung Biopsy, Renal Biopsy, Gastrointestinal Biopsy, Pancreatic Biopsy, Skin Tissue Biopsy, Testicular Biopsy, and Others) and End User (Diagnostic Laboratories & Reference Laboratories, Research Institutes, and Others)
- Report Date : Nov 2021
- Report Code : TIPRE00025870
- Category : Life Sciences
- Status : Published
- Available Report Formats :
- No. of Pages : 92
The South and Central America histopathology services market is expected to reach US$ 1,284.36 million by 2028 from US$ 962.78 million in 2021; it is estimated to grow at a CAGR of 4.2% from 2021 to 2028.
Factors such as rising demand for biologics and the increasing prevalence of chronic diseases drive the market growth. However, limitations associated with histopathology and immunohistochemistry hinder the growth of the South and Central America histopathology services market.
The histopathology market for biologics is growing at an unprecedented rate owing to expansion of biologics pipeline, increase in manufacturing complexity, and shift in the focus of companies toward core activities. A boom has been witnessed in the manufacturing of biologics. There is pressing need of scaling up the production once novel technologies get approval from the domestics and international approving bodies. The biopharmaceuticals industry is becoming fiercely competitive with the introduction of more biological products and biosimilars in the market. Biologics manufacturers strive to keep manufacturing costs low, deliver high-quality drugs, improve process efficiency, and accelerate market entry. Inputs from expert histopathologists have been playing a significant role in the understanding of tumor biology as well as in the pathogenic mechanism of various microorganisms. These findings and inferences are utilized by dedicated organizations offering histopathological services. Clinical trials and drug discovery procedures of these drugs are based on intrinsic histopathological studies conducted using high-tech equipment, under expert supervision. The escalating incidence of chronic diseases such as cardiovascular disorders, neurological disorders, autoimmune disorders, and cancer is a leading causes of mortalities and disabilities worldwide. Researchers and therapists are exploring therapies for treating these diseases; they conduct detailed histopathological analysis to understand the pathophysiology of these diseases for designing therapies, which is contributing to the histopathology services market growth in Latin America.
The COVID-19 pandemic has impacted every aspect of the diagnostics industry in South and Central America, including histopathology. In the last few months, the number of patient visits to hospitals has reduced significantly, despite the continuation of emergency and OPD services. Due to lockdowns enforced in several countries in South and Central America, the number of elective and cancer surgeries have reduced significantly. Moreover, with the steep increase in the incidence of COVID- 19, pathology laboratories are now prioritizing and focusing on COVID-19 diagnosis. A rapid increase in the number of infected patients in Brazil and Argentina is hampering the growth of the histopathology services market performance in the region.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
SOUTH AND CENTRAL AMERICA HISTOPATHOLOGY SERVICES MARKET SEGMENTATION
By Type of Examination
- Surgical Specimen
- Breast Biopsy
- Lung Biopsy
- Renal Biopsy
- Gastrointestinal Biopsy
- Pancreatic Biopsy
- Skin Tissue Biopsy
- Testicular Biopsy
- Others
By End User
- Diagnostic Laboratories & Reference Laboratories
- Research Institutes
- Others
By Country
- Brazil
- Argentina
- Rest of South and Central America
Company Profiles
- TPL Path Labs
- UNILABS
- Targos
- CHARLES RIVER LABORATORIES, INC.
South and Central America Histopathology Services Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 962.78 Million |
| Market Size by 2028 | US$ 1,284.36 Million |
| Global CAGR (2021 - 2028) | 4.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type of Examination
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
Market Research & Consulting
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- TPL Path Labs
- UNILABS
- Targos
- CHARLES RIVER LABORATORIES, INC.
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