Anatomic Pathology Market to Record Growth at 10.08% CAGR During the Forecast Period 2022-2028

Posted on 2022-11-24 by researchinsights in Healthcare // 0 Comments

San Francisco, California , USA, Nov 25, 2022 — /EPR Network/ —

Anatomic Pathology Industry Overview

The global Anatomic Pathology Market size is expected to reach USD 34.66 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 10.08% from 2021 to 2028. The advent of technology in the instruments and the protocols used during the anatomic pathological procedures is anticipated to increase the adoption rate of advanced anatomic pathological instruments.

Market players are collaborating for the refurbishment of pathology products by the incorporation of innovative disease diagnostic models. In April 2021, Leica Biosystems collaborated with Paige, an AI-based diagnostics company, for expanded access to computational pathology products for translational and clinical research. Under this partnership, Paige’s AI-enabled research software and Leica Biosystems’ digital pathology platform were combined. This, in turn, accelerates investments in the up-gradation of pathological equipment.

Pathology-training programs offered to pathologist trainees by public and private entities drive the market. For instance, the Accreditation Council for Graduate Medical Education accredited residency programs for anatomic pathology provide education and training to individuals via numerous teaching conferences.

Anatomic Pathology Market Segmentation

Grand View Research has segmented the global anatomic pathology market on the basis of product and services, application, end-use, and region:

Based on the Product & Services Insights, the market is segmented into Instruments, Consumables, and Services

The consumables segment dominated the market in 2020 with a share of over 65.0%.
The ongoing technological advancements and focused efforts by the market participants to offer anatomic pathological instruments with an improved design are anticipated to bolster the growth of the instruments segment.

Based on the Application Insights, the market is segmented into Disease Diagnosis, Drug Discovery and Development, and Others

The disease diagnosis segment accounted for the largest share of over 55.0% in 2020.
The drug discovery and development segment is anticipated to grow at a lucrative pace over the forecast period.

Based on the End-use Insights, the market is segmented into Hospitals, Research Laboratories, Diagnostic Laboratories, and Others

The hospitals segment dominated the market with a revenue share of over 45.0% in 2020 owing to the high hospitalization rate of cancer patients, coupled with a substantial number of frequent readmissions in hospitals.
The emergence of advanced testing techniques and equipment has led to a lucrative growth of the diagnostic laboratories segment.

Anatomic Pathology Regional Outlook

North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)

Key Companies Profile & Market Share Insights

Anatomic pathology is a mature industry with a large number of key players in it. The advent of new strategic plans to maintain competitiveness stimulates market growth. The market is well equipped with upcoming and innovative instruments and consumables to address the challenges in transforming pathology trends.

Some prominent players in the global Anatomic Pathology market include:

Danaher Corporation
Laboratory Corporation of America Holdings
Quest Diagnostics Incorporated
Sakura Finetek USA, Inc.
Hoffmann-La Roche AG
Agilent Technologies, Inc.
PHC Holdings Corporation
Cardinal Health
Bio SB
NeoGenomics Laboratories, Inc.
BioGenex

Order a free sample PDF of the Anatomic Pathology Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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