by Anatomic pathology refers to the medical specialty that is concerned with diagnosis of disease through the gross, microscopic, chemical, immunologic and molecular examination of organs, tissues, cells and whole bodies. It involves examination of samples of tissue removed during surgery or bodily fluids using techniques such as microscopy, immunohistochemistry, molecular testing and flow cytometry. Anatomic pathology services play a crucial role in diagnosis, prognosis and treatment decisions for various chronic and infectious diseases. The growing prevalence of cancer and other chronic diseases worldwide has contributed significantly to the rising demand for effective diagnostic solutions and better care facilities. Additionally, various technological advancements such as adoption of digital and virtual pathology systems, automated imaging and companion diagnostics are further driving the growth of the global anatomic pathology market.
The global Anatomic Pathology Market is estimated to be valued at US$ 30.16 Bn in 2023 and is expected to exhibit a CAGR of 15.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Growing prevalence of chronic diseases: Chronic diseases such as cancer, cardiovascular diseases and diabetes have been steadily rising globally. According to World Health Organization (WHO), chronic diseases accounted for approximately 60% of the total reported deaths in 2001. Early detection through efficient diagnostic methods plays a major role in disease management and treatment decisions. This has significantly increased the demand for anatomic pathology services.
Surging adoption of digital and virtual pathology: Integration of digital tools and software applications in anatomic pathology is revolutionizing the field. Advantages such as faster diagnosis, remote collaboration, sharing of whole slides, automated image analysis and reduced laboratory errors associated with digital and virtual pathology systems are boosting their adoption globally. Growing investments by key players as well as government organizations in development of these advanced solutions are expected to further spur the market growth over the forecast period.
Segment Analysis
The Global Anatomic Pathology Market Scope is dominated by the hospitals sub segment. Hospitals account for the largest market share as majority of tissue diagnostic procedures are conducted in hospitals. The hospitals sub segment is well equipped with advanced diagnostics and required infrastructure to efficiently conduct histopathological tests. Various hospitals are establishing in-house pathology labs to offer faster turnaround times and superior customer service.
PEST Analysis
Political: Governments in various countries are undertaking initiatives to increase investments in healthcare infrastructure and diagnostics which is positively impacting the growth of the anatomic pathology market. Economic: Rising per capita healthcare expenditures is enabling more patients to opt for advanced diagnostic procedures. The growing affordability is driving the market growth. Social: Increasing awareness about early disease detection and benefits of histopathological examination for arriving at accurate diagnosis is supporting the market expansion. Technological: Continuous technological advancements such as automation, digital pathology, AI and ML solutions are improving workflow efficiencies and diagnostic accuracy in anatomic pathology.
Key Takeaways
The global Anatomic pathology market size And Trends is expected to reach a value of US$ 30.16 Bn by 2024, expanding at a CAGR of 15% during the forecast period.
Regional analysis: North America represents the largest and fastest growing regional market. The growth in the region can be attributed to the presence of advanced healthcare infrastructure and high adoption rate of pathology diagnostics.
Key players: Key players operating in the anatomic pathology market include American Art Therapy Association, Art Therapy Without Borders, Art With Impact, Canadian Art Therapy Association, Creative Growth Art Center, Expressive Media, International Expressive Arts Therapy Association, Luna Children’s Charity, Montage Arts Therapy, National Institute for Trauma and Loss in Children.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
