According to a new report by Expert Market Research titled, “Global Anatomic Pathology Market Share, Size, Report and Forecast 2024-2032″, the global anatomic pathology market size is projected to grow at a CAGR of 5.9% between 2024 and 2032. Aided by the growing dependency on pathology tests and procedures and extensive use of advanced pathology equipment, the market is expected to grow significantly by 2032.
Anatomic pathology refers to the diagnosis of disease based on the macroscopic, microscopic, biochemical, immunologic, and molecular examination of organs and tissues. This medical specialty occupies a pivotal position in decisions of patient care, offering critical information that doctors require to administer effective treatment strategies. Furthermore, the study of diseased tissues and cells aids in researching and understanding the causes of various ailments.
A substantial factor driving the anatomic pathology market growth is the escalating prevalence of chronic diseases, such as cancer, on a global scale. Prompt, accurate diagnosis becomes essential in these conditions to ensure timely and appropriate intervention. The availability of sophisticated diagnostic tools in anatomic pathology facilitates the same, thereby enhancing its application in modern healthcare.
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One of the significant anatomic pathology market trends is the rising inclination towards digital pathology and the adoption of Artificial Intelligence (AI). These technological advancements have been catalysts in refining diagnostic precision, enhancing laboratory efficiency, and augmenting collaborative studies. As the digital realm integrates more effectively with healthcare, it is anticipated that these innovations will fuel the growth of the market for anatomic pathology.
The anatomic pathology market demand is supported by the growing demand for personalised medicine. Anatomic pathology plays an integral role in this paradigm, enabling tailored therapeutic strategies based on individual patient profiles. As healthcare continues its shift from a ‘one-size-fits-all’ approach to personalised treatment modalities, it is expected that the demand for detailed anatomic pathology services will witness a rise.
The anatomic pathology market size is likely to benefit from the global health initiatives focused on early disease detection and treatment. These programmes, often government-backed, fuel the significance of pathologic evaluations, thereby fostering the market’s expansion. The regions with high healthcare expenditure and increasing accessibility to advanced medical treatments further boost this demand, ensuring steady growth of the anatomic pathology sector.
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Market Segmentation
The market can be divided based on product and service, application, end use, and region.
Market Breakup by Product and Service
• Instruments
o Microtomes and Cryostat
o Tissue Processor
o Automatic Stainers
o Other Products
• Consumables
o Reagents and Antibodies
o Probes and Kits
o Others
• Services
Market Breakup by Application
• Disease Diagnosis
• Drug Discovery and Development
• Others
Market Breakup by End Use
• Research Laboratories
• Hospitals
• Diagnostic Laboratories
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global anatomic pathology market. Some of the major players explored in the report by Expert Market Research are as follows:
• Thermo Fisher Scientific Inc.
• Quest Diagnostics Incorporated
• Laboratory Corporation of America Holdings
• Cardinal Health
• Agilent Technologies, Inc.
• Sakura Finetek USA, Inc.
• Others
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