Lewes, Delaware, May 30, 2024 (GLOBE NEWSWIRE) -- The Global Anatomic Pathology Market is projected to grow at a CAGR of 5.67% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 18.33 Billion in 2024 and is expected to reach USD 27.62 Billion by the end of the forecast period.
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Browse in-depth TOC on “Global Anatomic Pathology Market”
202 - Pages
126 – Tables
37 – Figures
Scope Of The Report
| REPORT ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Thermo Fisher Scientific, Agilent Technologies, F. Hoffmann-La Roche Ltd., Sakura Finetek, Danaher Corporation, Hologic, Inc., Merck KGaA. |
| SEGMENTS COVERED | By Product And Service, By Application, By End-User, And By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Anatomic Pathology Market Overview
Rising Prevalence of Chronic Diseases: One major factor propelling the anatomic pathology market is the rising prevalence of chronic illnesses like cancer and cardiovascular diseases. The growing emphasis on early and correct diagnosis by healthcare professionals has led to a rise in the demand for advanced anatomic pathology services. This has created new opportunities for pathology labs and diagnostic service providers in the market.
Advancements in Diagnostic Techniques: The market for anatomic pathology is undergoing a transformation thanks to advancements in diagnostic technologies like digital pathology and AI-based tools. These developments improve the efficiency and accuracy of diagnosis, increasing the appeal of pathology services to medical facilities. Pathology labs can thus provide better diagnostic services and obtain a competitive advantage in the market.
Growing Demand for Personalized Medicine: The anatomic pathology market is boosted by personalised medicine, which places a strong emphasis on customised treatments based on unique patient profiles. The need for specialised diagnostic services is rising as pathology testing become more important in creating individualised treatment regimens. This pattern spurs expansion and opens up new markets for pathology service providers.
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High Costs of Advanced Pathology Tests: The high cost of sophisticated pathology tests continues to be a major barrier in the anatomic pathology business, despite developments in technology. These expenses may prevent smaller medical facilities from implementing state-of-the-art diagnostic equipment, therefore restricting market penetration. If service providers want to access a wider market, they must solve cost issues.
Shortage of Skilled Pathologists: The lack of qualified pathologists in the anatomic pathology field is affecting labs' capacity to handle growing demand. This limitation slows down the diagnostic process and makes pathology services less scalable. By utilising automation and funding training initiatives, this problem can be resolved and market expansion promoted.
Stringent Regulatory Frameworks: Market participants face difficulties due to stringent regulatory requirements for pathology testing and diagnostics. The resources required to comply with these rules are substantial, which delays the development of new products and market entry. Service providers must successfully navigate various regulatory environments in order to continue growing and to remain present in the market.
Geographic Dominance:
North America has a strong hold on the anatomic pathology market because of its sophisticated healthcare system, large R&D expenditures, and high rate of chronic illness. Its position is further strengthened by the existence of significant market participants and the quick uptake of cutting-edge diagnostic technology. Europe is not far behind, with robust healthcare systems and rising demand for individualised treatment. Meanwhile, growing healthcare spending and bettering medical infrastructure in Asia-Pacific are driving the region's promising economic potential.
Anatomic Pathology Market Key Players Shaping the Future
Major players, including Thermo Fisher Scientific, Agilent Technologies, F. Hoffmann-La Roche Ltd., Sakura Finetek, Danaher Corporation, Hologic, Inc., Merck KGaA, Bio SB, Becton, Dickinson and Company, and Diapath S.p.A. and more, play a pivotal role in shaping the future of the Anatomic Pathology Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry's key players.
Anatomic Pathology Market Segment Analysis
Based on the research, Verified Market Research® has segmented the global Anatomic Pathology Market into Product And Service, Application, End-User, And Geography.
To get market data, market insights, and a comprehensive analysis of the Global Anatomic Pathology Market, please Contact Verified Market Research®.
- Anatomic Pathology Market, by Product And Service
- Instruments
- Consumables
- Services
- Anatomic Pathology Market, by Application
- Disease Diagnosis
- Drug Discovery And Development
- Others
- Anatomic Pathology Market, by End-User
- Hospitals
- Diagnostic Laboratories
- Research Laboratories
- Others
- Anatomic Pathology Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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