Anatomic Pathology Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3919
Anatomic Pathology Market size is expected to grow significantly from 2019 to 2025.
Anatomical pathology market will grow considerably over the forecast timeframe owing to the increasing geriatric population suffering from chronic infections requiring continuous monitoring. In 2016, in India there were around 10.8 million people in the age group of 60 years and above and majority of them were suffering from at least one chronic infection that will increase the demand for anatomic pathology services escalating the industry growth. Furthermore, developing countries such as India have started promoting awareness regarding availability of cost-effective anatomic pathology services that will surge the anatomic pathology industry growth.
Technological advancements incorporated within the diagnostic devices used in delivery the anatomic pathology services will fuel the industry growth over the forecast timeframe. The technological advancements implemented have increased the efficiency and accuracy of the medical devices, instruments improving the diagnostic decisions taken during surgical procedures impacting the industry growth positively.
Anatomical pathology market growth is most likely to be hindered due to high costs associated with the services offered at hospitals or laboratories. However, government is undertaking various decisions that will reduce the growth restraints.
Instruments segment is estimated to hold majority market share owing to increasing preference for superior quality instruments that improve the surgical performances. Increasing number of viral, bacterial and fungal infections will surge the demand for anatomy pathological instruments thereby enhancing the industry growth. In U.S. around 3.9 million people suffer from chronic hepatitis C infection that will boost the demand for instruments, fueling the business growth in the near future.
Disease diagnosis business by anatomic pathology will dominate the application market segment owing to increasing use of anatomical pathology instruments & reagents. The growing demand for diagnosing diseases has boosted segmental growth. Major growth factor driving the business growth is increasing geriatric population more susceptible to chronic infections.
Anatomic pathology in hospitals will grow significantly over the forecast timeframe owing to the increasing prevalence of chronic conditions such as AIDS, cancer and diabetes globally. In Germany, around 85,000 people were infected with AIDS in 2015, that will surge the number surgical procedures and boost the segmental growth.
U.S. anatomic pathology market will experience enormous growth due to increasing awareness regarding the availability of high precision instruments and medical devices utilized at the anatomic pathology laboratories for diagnosis of diseases. Moreover, development of favorable reimbursement scenario has facilitated the demand for surgical procedures enhancing the industry growth.
India anatomic pathology industry should grow considerably over the forecast timeframe owing to the growing burden of viral diseases such as smallpox, Ebola and encephalitis. Poorly developed sanitary facilities and hygiene conditions increasing the prevalence of such viral diseases thereby surging the industry growth.
Some of the key industry players are Abbott, Agilent Technologies, Laboratory Corporation Holdings, NeoGenomics Laboratories, Quest Diagnostics, Sakura Finetek, Thermofisher, Danaher and Roche. These key industry players have undertaken strategic actions such as merger, acquisitions, new product launches and geographic expansions to maintain their market share. For instance, Abbott Pathology has expanded laboratory diagnostic network that enables revenue generation for the company.
Anatomic Pathology Market by Product, 2014-2025 (USD Million)
Anatomic Pathology Market by Application, 2014-2025 (USD Million)
- Disease Diagnosis
- Drug Discovery
Anatomic Pathology Market by End-user, 2014-2025 (USD Million)
- Diagnostic Centers
- Research Organizations
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Agilent Technologies
- Laboratory Corporation Holdings
- NeoGenomics Laboratories
- Quest Diagnostics
- Sakura Finetek
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