Anatomic Pathology Market Outlook to 2026 Latest Industry Forecast Report Available Online by MarketsandMarkets
The growth of the anatomical pathology market is primarily driven by the high incidence of cancer and other target diseases, cancer screening recommendations, reimbursement possibilities, and growing interest in personalized medicine.
[343 Pages Report] The anatomic pathology market is projected to reach USD 49.1 billion by 2026 from USD 35.1 billion in 2021, at a CAGR of 7.0%.
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Market Segmentation
Based on product & service, The large share of Services segment can be attributed to the availability of reimbursements for diagnostic tests, rapid growth in the geriatric population, and the increasing incidence of cancer and other chronic diseases.
Based on application, The disease diagnostics segment accounted for a larger share of the market due to the rapid growth in the geriatric population and the increasing incidence of cancer and other chronic diseases.
Based on end user, The large share of Hospital laboratories segment can be attributed to the increasing number of patient visits to hospitals, the growing number of in-house diagnostic procedures performed in hospitals, growing awareness regarding early disease diagnosis, and the availability of reimbursements in developed markets for clinical tests performed in hospitals.
Regional Analysis
North America accounted for the largest share of the market. Factors such as the rising prevalence of chronic diseases, increasing healthcare expenditure, the high-quality infrastructure for hospitals and clinical laboratories, and the presence of major market players in the region are driving the growth of the market in North America.
Key Market Players
Some of the major players operating in this market are F. Hoffmann-La Roche Ltd. (Switzerland), Danaher Corporation (US), and PHC Holdings Corporation (Japan). In 2020, Roche held the leading position in the anatomic pathology market. The company offer anatomic pathology products which are widely used by people across globe across various end users. Danaher Corporation held the second position in the market
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Key Questions Addressed by the Report:
- What is the projected market value of the global anatomic pathology market?
- What is the estimated growth rate (CAGR) of the global anatomic pathology market for the next five years?
- Who are the major players offering anatomic pathology in the market?
- Which end user segment of the global anatomic pathology market is expected to witness the highest growth?
Which product and service segment is expected to have the largest market share during the forecast period?
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