by Market Overview:
Anatomic pathology deals with the diagnosis of disease through gross or microscopic examination of organs, tissues, cells and bodily fluids. Anatomic pathology helps in early diagnosis and proper treatment of diseases. It examines surgical specimens, biopsies and other materials to identify damages or disorders at the cellular or tissue level.
Market key trends:
The key trend driving the Anatomic Pathology Market is increasing adoption of digital pathology. Digital pathology utilizes digital scanners to convert glass slides into digital slides that can be viewed, managed, shared and analyzed on a computer monitor. Digital pathology offers advantages like remote diagnostic capabilities, multitasking, integrated workflow and reduced turnaround times. It has the potential to improve healthcare accessibility in developing nations by enabling experts to deliver expert opinions virtually for difficult cases. Automation and AI are other emerging trends gaining adoption in anatomic pathology for enhanced workflow, quantitative analysis and improved diagnostic accuracy.
The Anatomic Pathology Market is witnessing high adoption of digital pathology due to advantages like remote viewing, sharing whole slides with collaborators, automated image analysis and integration with laboratory information systems. This delivers faster diagnosis and treatment options to patients. Digital pathology solutions offer centralized review of cases by geographically distributed pathologists and assists in second opinion services as well. The ability to integrate diagnostic reports with electronic health records further streamlines workflow.
The global Anatomic Pathology Market Growth is estimated to be valued at US$ 30.16 Bn in 2023 and is expected to exhibit a CAGR of 8.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis
Strength: Presence of large players with global footprint and capabilities in integrated diagnostics. Weakness: High set up and maintenance costs associated with digital pathology solutions limit adoption. Opportunity: Growing geriatric population and rising cancer incidence rates present an opportunity. Threats: Data security concerns with digitizing sensitive patient information and images. Economic slowdowns can impact market adversely.
Key Takeaways
The global Anatomic pathology market size And Trends size was valued at USD 30.16 Billion in 2023 and is expected to reach USD 53.42 Billion by 2030, growing at a CAGR of 8.7% during the forecast period. The market is dominated by North America followed by Europe owing to increasing healthcare expenditure, raising awareness about early disease diagnosis and presence of major market players.
The Asia Pacific region is expected to witness the fastest growth during the forecast period owing to rising healthcare infrastructure, growing medical tourism, increasing incidence of chronic diseases and expansion efforts by key players.
Some of the major players operating in the Anatomic Pathology Market are Danaher PHC Holdings Corporation, Quest Diagnostics Incorporated, Laboratory Corporation of America Holdings, F. Hoffmann-La Roche AG, Agilent Technologies, Inc., Cardinal Health, Sakura Finetek USA, Inc., NeoGenomics Laboratories, Inc., BioGenex and Bio SB.
*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
