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(MoneyNewsWire.Net, May 16, 2018 )
The Middle East and Africa Anatomic Pathology Market was worth USD 1.30 billion in 2016 and is estimated to be growing at a CAGR of 4.878%, to reach USD 1.64 billion by 2021. It is the smallest market among all the regions and also has the slowest growth rate. Anatomy Pathology is the branch of medicine that deals with the diagnosis of diseases based on the various levels of examinations of organs and tissues.
Anatomy Pathology features the diagnosis of disease based on the macroscopic, microscopic, biochemical, immunologic and molecular examination of organs and tissues. The data generated by Anatomy Pathology is further analyzed and is used by doctors for a better health management. Anatomy Pathology is basically one of the branches of the pathology stream, other being the Clinical Pathology.
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Due to the malnutrition and lack of clean water and other necessities in this region, people here are more prone to the diseases compared to any other place in the world. Also, being a backward region, technological advancements are expected to take a boom here in near future. These are the few factors which drive the market in this region. This market is facing challenges mainly competing with the Physician Groups, like specialty physicians merging or adding ancillary services and large commercial labs. There is a constant significant reimbursement pressure. Awareness is increasing in this region about diseases but at a very slow rate and also the overall awareness of people in this region is very low. These factors may act as growth hurdles for the Anatomy Pathology Market in this region.
The Middle East and Africa Anatomy Pathology Market is broadly categorized by products, by application, and by end-user. Based on products, the market is segmented into instruments and accessories. On the basis of application, it has been categorized as lymphoma, breast, lung, colorectal, cervical and prostate. On the basis of end-user, the market has been classified into Hospitals, Diagnostics lab, and physicians’ office lab.
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The market has been geographically segmented into the Middle East and Africa. The private sector plays a key role in bankrolling the healthcare sector in Africa, with more than 50% of the investment being undertaken by them. The Anatomy Pathology Market is growing slowly here because of Middle East region is a war region and the whole MEA having an unstable economy. However, countries like the USA, China, and the UK are investing in the region and this increased financial revenue will aid the healthcare sectors in this region.
This market is small in this region with few developing players operating in the business. Some of the major companies dominating the market in this region are MetaMed, JDW Pathology Home, and HPLAB inc.
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