The ‘Global Anatomic Pathology Market Analysis, Growth, Size, Share, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global anatomic pathology market, assessing the market on the basis of its segments like products and services, applications, end uses, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Anatomic Pathology Market Price, Share, Size, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 5.9%
A major driver in the global anatomic pathology market is an increase in the number of cancer patients. As delayed diagnosis and treatment are two factors that can increase the cancer mortality rate, the requirement for early diagnostics is surging. Anatomic pathology is valuable in identifying various types of tumours and cancers either through biopsy surgery under a microscope or examination of a small group of cells under a microscope.
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The usage of consumable products is another crucial factor that favours the growth of the global anatomic pathology market. These products are cost-effective and easily available, making them ideal for use in the research findings. Furthermore, technological advancements aimed at improving anatomic pathology instrument designs also fuel the market growth. Some of the popular anatomic pathology instruments include digital microscopes, gross imaging, digital imaging, and staining systems.
Immunohistochemical stains are increasingly used as alternatives to special stains as they provide more specific information. In this method, the antibodies act as markers to find the specific component within the cells that are observed under a microscope. A pathologist can use a specific antibody to identify the cellular elements related to it, making the diagnosis of the disease easier. This can be incredibly beneficial to the rising number of geriatric patients that have been diagnosed with chronic diseases.
Increasing construction of hospitals as well as research and diagnostic laboratories also positively influences the global anatomic pathology market. The growing healthcare infrastructure and an increase in the number of patients worldwide are also propelling the market growth. With rapid urbanisation and rising standards of living, the need for a better healthcare system and early detection of diseases is substantially rising.
Moreover, the expansion of existing hospitals or clinics and the deployment of high-performance anatomical pathology instruments in existing laboratories add to the market growth. With the rising health awareness, the surging number of diagnoses related to cancer and several chronic diseases is expected to boost the demand for testing centres and equipment in the forecast period.
Several government bodies have increased the overall investment in the market to enhance the quality of life of citizens. This includes collaborations with key market players to implement a better solution and provide innovative measures for a treatment, which is bolstering the global anatomic pathology market development.
Anatomic Pathology Industry Definition and Major Segments
Anatomic pathology is a medical speciality that diagnoses the diseases based on the biochemical, immunological, microscopic, and molecular analysis of organs and tissues. Its primary use is to identify the abnormalities and come up with treatment methods, especially in cases of tumours and cancers, kidney and liver diseases, autoimmune diseases, and infections.
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On the basis of product and service, the market is classified into:
o Based on Type
Microtomes and Cryostat
o Based on Type
Reagents and Antibodies
Probes and Kits
Based on application, the market is segmented into:
• Disease Diagnosis
• Drug Discovery and Development
On the basis of end use, the anatomic pathology market is classified into:
• Research Laboratories
• Diagnostic Laboratories
Based on region, the market is divided into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Anatomic Pathology Market Trends
A key trend propelling the growth of the global anatomic pathology market is the increasing reliance on treatment procedures based on biomarkers to learn more about tumorigeneses. Biomarkers find their usage in laboratories and clinics to detect diseases and infections and observe their progression. This gives a proper insight into the pathological laboratories and aid in the development of therapeutic drugs and diagnostic tests.
Digital biomarkers are also gaining popularity as they offer a real-time view of patients and are cheaper than traditional biomarkers. Such biomarkers include the data collected when a person wears a wearable device, or the data collected by smartphones or tablets when a person interacts with the device. Anatomic pathology is also performed by forensic pathologists during the post-mortem examination in cases where the cause of death is related to some criminal or illegal activity.
Increasing merger and acquisition activities to develop advanced technology assist in the growth of the global anatomic pathology market. For instance, in June 2022, EmeritusDX, a cancer diagnostics and information company, acquired the rights for Freedom Pathology Partners for the expansion of its national presence in the anatomic pathology and molecular testing domain.
Furthermore, key market players are collaborating with global and domestic players to increase their outreach and improve their offerings. In October 2022, Sakura Finetek, a United States-based market player, announced a collaboration with the subsidiary of Olympus Corporation, Evident Scientific, to provide a workflow solution for high-resolution digital scanning and anatomic pathology slide preparation in the Americas. This collaboration aimed to advance cancer diagnostics, automate workflow, reduce turnaround times, and generate reproducible high-quality slides, blocks, and digital images.
Regionally, North America accounts for a substantial share of the global anatomic pathology market due to the presence of key market players and several government initiatives aimed at boosting pathological programmes. Robust infrastructural development, technological advancements, and rising funding by governments and other private institutes to meet the growing healthcare demand are further favouring the market. Additionally, reimbursement for anatomic pathology diagnostic tests and the availability of high-quality equipment and machines in hospitals and clinical laboratories are expected to bolster the market in the forecast period.
Furthermore, the market in the Asia Pacific, Latin America, and the Middle East and Africa is anticipated to witness healthy growth in the coming years. The robust economic development in these regions, rapid urbanisation, and the flourishing healthcare sector are likely to positively influence the overall anatomic pathology market growth in the forecast period.
Key Market Players
The major players in the global anatomic pathology market report are:
- Thermo Fisher Scientific Inc.
- Quest Diagnostics Incorporated
- Laboratory Corporation of America Holdings
- Cardinal Health
- Agilent Technologies, Inc.
- Sakura Finetek USA, Inc.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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