(MoneyNewsWire.Net, March 13, 2018 ) Anatomic Pathology Market value was worth USD 16.2 billion in 2016 and is estimated to be growing at a CAGR of 6.1%, to reach USD 21.78 billion by 2021. The market is showcasing evident potential in the mentioned forecasting period. As the times have changed, people have become more conscious about their health. The market has played a vital role in the study, diagnosis, and treatment of these diseases. The overall market for anatomic pathology is increasing considerably because of the rising use and viability of biomarkers in diagnosing different infection including cancer.
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Anatomic Pathology features the diagnosis of disease based on the macroscopic, microscopic, biochemical, immunologic and molecular examination of organs and tissues. The data generated by Anatomy Pathology is further analyzed and is used by doctors for a better health management. Anatomy Pathology is basically one of the branches of the pathology stream, other being the Clinical Pathology.
With the enormous number of ongoing developments and innovations in the healthcare and electronics sector, rising spending capabilities and the ease of use of medical devices the rising incidences of chronic diseases amongst all demographics, the market is growing at a huge rate.This market is facing challenges mainly competing with the Physician Groups, like specialty physicians merging or adding ancillary services and large commercial labs. There is a constant significant reimbursement pressure. These factors may act as growth hurdles for the Anatomy Pathology Market in certain regions.
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Anatomic Pathology Market Segment:
The Global Anatomic Pathology Market is broadly categorized by products, by application, and by end-user. Based on products, the market is segmented into instruments and accessories. On the basis of application, it has been categorized as lymphoma, breast, lung, colorectal, cervical and prostate. On the basis of end-user, the market has been classified into Hospitals, Diagnostics lab, and physicians’ office lab.
Market Regional Analysis:
On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia Pacific and Rest of the World. The Anatomy Pathology market was dominated by North America, with the overall market share of over 44.8% globally in 2016. North America was followed by Europe and Asia-Pacific. The Asia Pacific is predicted to grow at a rapid pace in the coming few years.
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Anatomic Pathology Industry Key Players:
Some of the major companies dominating the market, by their products and services include Thermo Fisher Scientific (U.S.), F. Hoffmann-La Roche AG (Switzerland), Quest Diagnostics Incorporated (U.S.), Laboratory Corporation of America Holdings (U.S.), and NeoGenomics Laboratories, Inc. (U.S.), Danaher Corporation (U.S.), Agilent Technologies (U.S.), Sakura Finetechnical Co., Ltd. (Japan).
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