Anatomic Pathology Market to Reach USD 23.3 Billion by 2025 | Worldwide Analysis by Application, by Product & Services, by End Use, and Segment Forecasts

Anatomic Pathology Market to Reach USD 23.3 Billion by 2025 | Worldwide Analysis by Application, by Product & Services, by End Use, and Segment Forecasts

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global anatomic pathology market size was estimated at USD 15.4 billion in 2018 and is expected to register a CAGR of 6.1% over the forecast period

The global anatomic pathology market size is expected to reach USD 23.3 billion by 2025, exhibiting a CAGR of 6.1% during the forecast period, according to a new report by Grand View Research, Inc. The advent of technology in instruments and protocols used during anatomic pathology is anticipated to increase the adoption rate of advanced anatomic pathological instruments.

Integration of medical informatics standards for meeting specific healthcare needs by enhancing efficiency and curbing costs is a factor driving the market. Market players are collaborating for refurbishment of pathology laboratories by incorporating innovative disease diagnostic models. This, in turn, accelerates investments toward upgradation of pathological equipment.

In April 2018, Thermo Fisher and Leica Microsystems collaborated for the development of an integrated cryo-tomography workflow for research. Under this collaboration, the companies merged their existing technology to deliver enhanced user-friendly and reliable microscopic solutions, enabling researchers to gain insights about biological processes.

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Pathology-training programs offered to pathologist trainees by public and private entities drive the anatomic pathology market. The Royal College of Pathologists, the General Medical Council, and the Association of Anatomical Pathology Technology are some organizations that have initiated several training programs and examinations to evaluate a pathologist’s knowledge and skills.

Brazil anatomic pathology market size, by application, 2014-2025 (USD Million)

Further key findings from the study suggest: 

  • Technological advancements in instruments to minimize the risk of errors through integration of novel design is expected to drive the segment to register the fastest growth rate
  • High availability, low cost, and frequent purchase rate of consumables such as reagents and probes have attributed to the dominant revenue share of consumables
  • Increased implementation of anatomic pathology procedures in research studies such as tumor examination and biomarker profiling has propelled the academic research segment
  • Shifting paradigm from conventional medicine to personalized medicine has resulted in the fastest growth rate of the drug discovery and development application segment. This is primarily due to growing reliance on discoveries of putative biomarkers for development of personalized therapies
  • Increase in hospitalization rate that stimulates the adoption of pathological workflows for disease monitoring and diagnosis has contributed to the largest share of hospitals
  • On the other hand, growth of the diagnostic laboratories segment is facilitated by the use of state-of-the-art laboratory equipment and instrumentation, multiple electronic interfaces, and information systems
  • Presence of key players like Thermo Fisher and Agilent, coupled with a large number of funding programs by public agencies, contribute to the largest share of North America
  • Asia Pacific is expected to exhibit the fastest anatomic pathology market growth driven by the presence of multiple associations that are engaged in conducting pathology training programs
  • Competitors are adopting strategic initiatives such as installation of products, agreement, and expansion of distribution channels to reinforce their market presence. For instance, in July 2018, Thermo Fisher installed its Krios Cryo-TEM electron microscope at the Institut Pasteur, which expanded the company’s presence in France.

Global anatomic pathology market share, by end use, 2018 (%)

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

Anatomic Pathology Product & Services Outlook (Revenue, USD Million, 2014 – 2025)

  • Instruments
    • Microtomes & Cryostat
    • Tissue processors
    • Automatic Stainers
    • Other products
  • Consumables
    • Reagents & Antibodies
    • Probes & Kits
    • Others
  • Services

Anatomic Pathology Application Outlook (Revenue, USD Million, 2014 – 2025)

  • Disease Diagnosis
  • Drug Discovery And Development
  • Others

Anatomic Pathology End-use Outlook (Revenue, USD Million, 2014 – 2025)

  • Hospitals
  • Research Laboratories
  • Diagnostic Laboratories
  • Others

Anatomic Pathology Regional Outlook (Revenue, USD Million, 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
  • Asia Pacific
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa (MEA)
    • South Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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