Driving growth in the global anatomic pathology market is the rising elderly population, increasing g prevalence of chronic diseases, and a burgeoning world population.
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Global Anatomic Pathology Market: Snapshot
Anatomical Pathology is a specialty in medical science that is related with the diagnosis based on microscopic, macroscopic, immunologic, biochemical, and molecular examination of various tissues and organs. Since many years surgical pathology has advanced incredibly from the primitive method of autopsy into a modernized way. It is also centred on cancer diagnosis and prognosis that helps in taking decisions and act as guide for decision-making in oncology. Rapid increase in cancer such as breast cancer, lung cancer, and colorectal cancer is pushing the global anatomic pathology market.
The need for anatomic pathology market has increased globally as the need for identifying and treating tumor cases have grown at an alarming rate. During last few years the cases related to cancer have risen immensely and the number of deaths related to it has also multiplied many folds. The market has been segmented on the basis of instruments, consumables, and services. Among these segments, service segment is leading the market. The instrument segment is further sub- segmented into slides staining systems, tissue processing system, microtomes, and other instruments. Among these, tissue processing systems is leading the market due to rising automation that have improved the equality for diagnosis processing.
Anatomic pathology includes the diagnosis of various infectious diseases, different types of cancer, and medical conditions by examining tissues and cells samples, which are derived from patient’s biopsy report. This market is witnessing positive growth due to increasing aging population, growing incidence of chronic diseases, and costly healthcare treatments. Thus the need for anatomic pathology market has increased in recent time. The countries having higher number of aged population are distinct to grow the anatomic pathology market in coming years. Whereas technological advancements in healthcare sector will also act as the driving sector for this market.
Global Anatomic Pathology Market: Key Trends
The global anatomic pathology market has been growing at a good clip powered by the increasing prevalence of chronic diseases such as kidney or liver disease, infectious disease, and autoimmune disease, worldwide. Alarming increase in cancer such as lung cancer, colorectal cancer, and breast cancer is also driving the market as anatomic pathology also aids in diagnosing those.
A massive pool of elderly population has also been driving the market as they are highly susceptible to different types of chronic diseases.
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Global Anatomic Pathology Market: Market Potential
The global market for anatomic pathology holds out a lot of promise. Depending upon the types of products and services, the market can be classified into instruments, consumables, and services. Among the three, the service segment leads.
The instruments segment can be further sub divided into tissue processing systems, microtomes, slides staining systems, and other instruments. Among them, the tissue processing systems segment outshines others because of the rising automation in the instruments that improve the quality of diagnosis process. Likewise, the consumables segment can be further sub-segmented into probes, reagents and antibodies, and kits, among other consumables. The reagents and antibodies segment, of them, hold a sway on account of the rising number of diagnostics tests that require reagents and antibodies.
The services segment in the global market for anatomic pathology can be further classified into cytopathology, histopathology, etc. Histopathology segment is a frontrunner of the two because of their application in the diagnosis of various chronic diseases, ranging from cancer to bacterial and viral diseases.
Application-wise, the market for anatomic pathology can be further subdivided into disease diagnosis, drug discovery and development, etc. Among those, the disease diagnosis segment dominates because of the rising instances of chronic diseases.
Global Anatomic Pathology Market: Regional Outlook
Geographically, the key segments of the market are North America, Asia Pacific, Europe, and the Rest of the World (RoW). North America, of them, dominates the marketbecause of the high prevalence of chronic diseases, increasing aging population, growing uptake of personalized medicine, rising investment by governments in diagnostic research, and concentration of prominent companies in the continent. North America is followed by Europe. Asia pacific and the Rest of the World come in the second and third positions.
Global Antomic Pathology Market: Competitive Analysis
To assess the competition in the global market for anatomic pathology, the report profiles players such as F. Hoffmann-La Roche AG, Thermo Fisher Scientific, Danaher Corporation, Agilent Technologies, Sakura Finetechnical Co., Ltd., Quest Diagnostics Incorporated, Laboratory Corporation of America Holdings, and NeoGenomics Laboratories, Inc.
The report sheds light on their product offerings, prices, key strategies, sales, revenues, and market shares. It leverages market-leading analytical tools to uncover opportunities and threats awaiting them and their trajectory in the near future.
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