According to a report, “Anatomic Pathology Market Size, Share & Trends Analysis Report By Application (Disease Diagnosis, Drug Discovery & Development), By Product & Services, By End-use, And Segment Forecasts, 2019 – 2025” published by Grand View Research, Inc., the global anatomic pathology market size is expected to reach USD 23.3 billion by 2025, exhibiting a CAGR of 6.1% during the forecast period. The advent of technology in instruments and protocols used during anatomic pathology is anticipated to increase the adoption rate of advanced anatomic pathological instruments.
Integration of medical informatics standards for meeting specific healthcare needs by enhancing efficiency and curbing costs is a factor driving the market. Market players are collaborating for the refurbishment of pathology laboratories by incorporating innovative disease diagnostic models. This, in turn, accelerates investments toward the up-gradation of pathological equipment.
Pathology-training programs offered to pathologist trainees by public and private entities drive the anatomic pathology market. The Royal College of Pathologists, the General Medical Council, and the Association of Anatomical Pathology Technology are some organizations that have initiated several training programs and examinations to evaluate a pathologist’s knowledge and skills.
Anatomic Pathology Market Report Highlights
Technological advancements in instruments to minimize the risk of errors through the integration of novel design is expected to drive the segment to register the fastest growth rate.
On the basis of application, the disease diagnosis segment accounted for the largest revenue share in the anatomic pathology market in 2018 owing to the anatomical pathology procedures that provide researchers with an ability to investigate the etiology of diseases and related findings.
The drug discovery and development segment under application is expected to register the fastest growth over the forecast period. The growth can be attributed to the tissue analysis carried out by pathologists generates a wealth of information for pharmaceutical manufacturers during preclinical trials.
On the basis of end-use, the hospitals segment accounted for the highest market revenue share in 2018. The growth can be attributed to the high hospitalization rate of cancer patients, coupled with a substantial number of frequent readmissions in hospitals.
North America accounted for the largest market share revenue in 2018. The reason behind the growth in the region is due to the presence of major market players along with the favorable government initiatives towards pathological programs.
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Anatomic Pathology Market Segmentation
Grand View Research has segmented the global anatomic pathology market report on the basis of product & services, application, end-use, and region:
Anatomic Pathology Product & Services Outlook (Revenue, USD Million, 2014 – 2025)
Microtomes & Cryostat
Reagents & Antibodies
Probes & Kits
Anatomic Pathology Application Outlook (Revenue, USD Million, 2014 – 2025)
Drug Discovery And Development
Anatomic Pathology End-use Outlook (Revenue, USD Million, 2014 – 2025)
Anatomic Pathology Regional Outlook (Revenue, USD Million, 2014 – 2025)
Middle East and Africa (MEA)
Key Players in the Anatomic Pathology Market
Thermo Fisher Scientific Inc.
Quest Diagnostics Incorporated
Laboratory Corporation of America Holdings
F. Hoffmann-La Roche Ltd.
Agilent Technologies, Inc.
Sakura Finetek USA, Inc.
NeoGenomics Laboratories, Inc.
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Tissue Diagnostics Market – https://www.grandviewresearch.com/industry-analysis/tissue-diagnostics-market
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