Anatomic Pathology Market Size
The size of the global anatomic pathology market is estimated to worth USD 26.1 billion by 2025 from USD 19.4 billion in 2020, registering a CAGR of 6.16% between 2020 to 2025.
Key market drivers:
The growing prevalence & incidence of cancer is significantly contributing to the growth of the global anatomic pathology market. According to the World Health Organization (WHO), 9.6 million deaths were occurred due to cancer across the world, which is a boosting factor for the market to grow.
Growing demand to promote quality treatment services for the patient with targeted diseases is a major factor propelling the growth rate of the market. Focus on the development of personalized medicines with the latest techniques in laboratories is also greatly enhancing the demand of the anatomic pathology market. The rise in the number of elderly people with various health disorders is also enhancing the growth rate of the market. The launch of innovative drugs and personalized medications at a lower cost with support from the government is elevating the demand for this market. In addition, favorable reimbursement policies are impacting positively on the growth rate of the market.
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Significant Challenges:
However, the equipment required in laboratories is a bit expensive, where small scale industries cannot afford is expected to degrade the demand of the global anatomic pathology market. Less availability of the refurbished products, especially in undeveloped countries, is hindering the growth rate of the market.
Impact of Covid-19 On the Global Anatomic Pathology Market:
The anatomic pathology market has seen a great surge in the growth rate during the time of the COVID-19 outbreak. As anatomic pathology is very important in developing drugs or vaccines, the market shares are growing during this period. Coronavirus shows pathologic abnormalities mainly in elderly people, where it is essential to determine the diverse effects of coronavirus. Clinical trials are going on to develop a vaccine with the help of anatomic pathology applications on the volunteers. Also, scientists are doing research on finding the exact effects of coronavirus with the help of these applications. Hence, the spread of coronavirus has positively impacted the growth rate of the market.
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This research report on the global anatomic pathology market has been segmented & sub-segmented into the following categories:
Anatomic Pathology Market – By Product:
- Instruments
- Accessories
Anatomic Pathology Market – By End-User:
- Diagnostics Lab
- Physicians’ Office Lab
- Hospitals
Anatomic Pathology Market – By Application:
- Lymphoma
- Breast
- Lung
- Cervical
- Colorectal
- Prostate
Anatomic Pathology Market – By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
North America is positioned top in leading the highest shares of the global anatomic pathology market. Increasing incidences of chronic diseases like cancer and others is certainly a major factor for the market to grow in this region. The US and Canada are playing an important role in contributing to the highest shares of the market. Rising research activities on the development of innovative drugs in these two countries are escalating the growth rate of the anatomic pathology market. Increasing COVID-19 cases in the US is eventually propelling the demand for the market.
Following North America, Europe is ruling with the prominent shares of the market. Rapidly increasing the economy and adoption of the latest technologies in laboratories are highly leveraging the demand of the market. Increasing prevalence for the development of innovative vaccine and on-going clinical trials are surging the growth rate of this market. Prevalence for early detection of the diseases to promote quality treatment is also evaluating the demand of the market in Europe.
The Asia Pacific is next to Europe in dominating the largest shares of the market. It is likely to hit the highest CAGR in the forecast period. Increasing population and rise in the awareness through campaigns are solely fuelling the demand of the market.
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Key Market Participants:
Companies that are playing a dominating role in the global anatomic pathology market profiled in this report F. Hoffmann-La Roche AG, NeoGenomics Laboratories Inc., Laboratory Corporation of America Holdings, Thermo Fisher Scientific, Quest Diagnostics Incorporated, Agilent Technologies, Danaher Corporation, Sakura Fine technical Co. Ltd., Metropolis, and BISWorld’s Pathology Services.
List of Tables and Figures of the report:
- Global Anatomic Pathology Market, By Region, From 2020 to 2025 (USD Billion)
- Global Anatomic Pathology Market, By Products, From 2020 to 2025 (USD Billion)
- Global Instruments Market, By Region, From 2020 to 2025 (USD Billion)
- Global Accessories Market, By Region, From 2020 to 2025 (USD Billion)
- Global Anatomic Pathology Market, By Application, From 2020 to 2025 (USD Billion)
- Global lymphoma Market, By Region, From 2020 to 2025 (USD Billion)
- Global Breast Market, By Region, From 2020 to 2025 (USD Billion)
- Global Lung Market, By Region, From 2020 to 2025 (USD Billion)
- Global Colorectal Market, By Region, From 2020 to 2025 (USD Billion)
- Global Cervical Market, By Region, From 2020 to 2025 (USD Billion)
- Global Prostate Market, By Region, From 2020 to 2025 (USD Billion)
- Global Anatomic Pathology Market, By End-user, From 2020 to 2025 (USD Billion)
- Global diagnostic Lab Market, By Region, From 2020 to 2025 (USD Billion)
- Global Hospitals Market, By Region, From 2020 to 2025 (USD Billion)
- Global Physicians’ Office Lab Market, By Region, From 2020 to 2025 (USD Billion)
+152 more
Browse Regional Reports:
- North America Anatomic Pathology Market
- Europe Anatomic Pathology Market
- Asia Pacific Anatomic Pathology Market
- Latin America Anatomic Pathology Market
- MEA Anatomic Pathology Market
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