The global anatomic pathology market is expected to grow at a CAGR of 6%, during the forecast period. Anatomy pathology is the branch of medicines in which the effect of disease on the body organs are studied as a whole or microscopically.The key growth factors that augment market growth include the increasing incidence and prevalence of chronic diseases, including kidney or liver diseases, infectious diseases, and cancer. Anatomic pathology related to the examination, processing, and diagnosis of surgical specimens, whereas, clinical pathology refers to the division that processes blood cell counts, urinalysis, blood glucose level determinations, coagulation studies, and throat cultures. To practice this pathology license is required. In North America, certificates by the American Board of Pathology or the American Osteopathic Board of Pathology is commonly required to obtain employment or hospital privileges.
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Moreover, the advancement by the manufacturers in accuracy oncology have led in an augmented demand for predictive assays that enable the selection and stratification of patients for treatment. There are various companies functioning in the global market include Abbott Diagnostics, Danaher Corp., F. Hoffmann-La Roche Ltd., and Thermo Fisher Scientific Inc. In order to sustain in such a competitive environment manufacturer are adopting various organic and inorganic growth strategies such as product launches and mergers and acquisitions. For instance, Thermo Fisher Scientific Inc. acquired Alfa Aesar for the manufacturing of the chemicals that are used in production purposes as well as research. In April 2018, Thermo Fisher Scientific Inc. signed a partnership agreement with Leica Microsystem, to work together for the development of an integrated cryotomography workflow for the R&D purposes.
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Along with novel technologies and emerging biomarkers and, the practice of pathology is growing and changing rapidly. Manufacturers are continuously focusing on R&D by developing and advancing the anatomic pathology processes. For instance, F. Hoffman-la Roche Ltd provides online courses for understanding the anatomic pathology better including companion diagnostics, immunotherapy, and biomarker and disease state information. In July 2018, Thermo Fisher Scientific installed the Krios Cryo-TEM electron microscope at the Institut Pasteur, France. This helped the company to expand its geographical footprints in the region and increase its customer base.
Current Market Trends Covered in the market report:
- Increase in the hospitalization rate that excites the adoption of pathological workflow for diagnosing and disease monitoring are the primary factors propelling the growth of the market during the forecast period.
- Shifting of consumer preferences from conventional methods to advanced and developed alternatives
- Disease diagnostic segment will account with a significant growth rate in the market
- The new technological innovations in the instrumentation to minimize the risk of the error via adopting new designs will be the key strategy of the market players
- North America will register a significant growth rate in the market globally
Global Anatomic Pathology Market – Segmentation
By-Products and Services
- Anaesthesiology
- Consumables
- Services
- Instruments
By Application
- Disease Diagnostic
- Drug Discovery
By End-Users
- Hospitals
- Clinical Laboratory
- Physician Laboratory
- Others
Global Anatomic Pathology Market – Segment by Region
North America
- United States
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
Company Profiles
- Abbott Laboratories
- Abcam PLC
- Advanced Cell Diagnostics, Inc., a company of Bio-Techne Corp.
- Agilent Technologies, Inc.
- Bio SB
- Biocare Medical, LLC
- Biocartis NV
- BioGenex Laboratories, Inc
- Danaher Corp.
- Hoffmann-La Roche Ltd.
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