The Anatomic Pathology Market for is growing steadily and is expected to reach approximately USD 22 billion by the end of 2022.
The market is being driven by a growing reliance on biomarker-based pathology tests and treatments to investigate common malignancy and tumorigenesis. The market’s expansion is being accelerated by the availability of superior laboratory and pathology services. Anatomic pathology’s contribution to better understanding the effects of diseases aids clinicians and pharmaceutical companies in better comprehending the disease’s impact and suggesting appropriate and safe treatment options. The rise in the use of postmortem procedures is propelling the market forward at a rapid pace. The growing demand for AP and molecular oncology services in the healthcare industry is likely to expand market prospects.
Diagnostic laboratories have benefited from the development of new testing methodologies and technology, which has created attractive expansion potential. Similarly, the research laboratories market has progressed due to a high number of clinical studies being conducted as part of several current initiatives. With the overall goal of obtaining a high level of patient satisfaction, research laboratories are focused on providing timely and thorough information regarding the functioning of sick tissues.
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The global market for anatomic pathology is divided into two categories: type and application. The market is divided into three types: instruments, consumables, and services. The instrument section is driven by a large number of reagents and kits, antibodies, and probes for anatomic pathology protocols. The availability of a wide range of items, combined with a high rate of consumable consumption in research findings, accounts for the majority of revenue creation in the market.
The market is further divided into disease diagnostics for diseases such as cancer, lymphoma, and others, as well as medication discovery and development. Over the projection period, drug discovery and development is expected to grow at a profitable rate. Pathologists’ tissue analysis provides pharmaceutical companies with a lot of information during preclinical studies. Toxicology assessment relies heavily on anatomic pathology to assess the deleterious effects of potential medications.
End users, such as hospitals, clinical office laboratories, physician office laboratories, and others, are also classified in the market. Due to the high hospitalisation rate of cancer patients and a large number of frequent readmissions in hospitals, hospitals dominated the market in terms of revenue in 2018. Furthermore, the existence of well-developed infrastructure and well-trained people in hospital-based pathological laboratories promotes the hospital segment’s progression. The industry is also likely to gain from a growing number of public and private-sector efforts aimed at promoting sophisticated healthcare systems.
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The Middle East, North America, Asia Pacific, Europe, and Africa are included in the regional analysis of the anatomic pathology market.
The North American market for anatomic pathology is thought to be the most important. Because of the existence of big players and strong government initiatives connected to training pathological programmes, North America accounted for the largest revenue share in 2018. Due to favourable reimbursement policies in the United States, more tissue-diagnostic related procedures are being used in disease screening, facilitating regional market growth.
The European Union is the next important market to consider. Furthermore, the Asia Pacific market for anatomic pathology is expected to grow at the quickest rate during the forecast period. The Asia Pacific market is fueled by rising demand for advanced imaging modalities, improved patient care facilities, and several pathology laboratories franchising their operations. The presence of government entities dedicated to aiding pathology initiatives also aids regional development.
Abbott Diagnostics, Agilent Technologies, Danaher, Roche Diagnostics, Thermo Fisher Scientific, Abcam, AdnaGen, Advanced Cell Diagnostics, Agendia, Angsana Molecular Diagnostics Laboratory, AutoGenomics, Biocare Medical, Biocartis, CellMax Life, Cancer Genetics, Digipath, Enzo Biochem, Epic Sciences, Janssen Diagnostic, Monogram Biosciences, Nucleix, Omnyx, Omnipath, Omnipath, Omni
Companies are working hard to build new and enhanced pathology equipment that is both attractive and easy to use. Furthermore, various partnership and agreement ventures have been formed with significant organisations in order to introduce an effective portfolio in order to overcome disease management difficulties.