Anatomic or anatomical pathology is a medicinal branch that is accompanying with the diagnosis of disease based on the microscopic, macroscopic, immunologic, biochemical, and molecular examination of tissues and organs. Anatomic pathology testing involves diagnosing of disease by examining tissues, either through gross pathology or by light microscopy and other advanced techniques. Even though most commonly used to detect and manage different kinds of cancer and tumors, it is also beneficial in evaluating other health conditions, for example, kidney and liver diseases, infections, and autoimmune diseases.
The exponential spread of the COVID-19 outbreak has made drastic changes in every sector, even in the anatomic pathology testing market. Amid the COVID-19 pandemic, there is a decrease in hospital patient visits from the past few months despite emergency and outpatient services. The cancer surgeries are reduced owing to the lockdown restrictions. However, it is expected that the market will grow enormously once the crisis into normal. Infinium Global Research’s recent report on the “Anatomic Pathology Testing Market (Component - Instruments, Consumables, and Services; Application - Disease Diagnosis, Drug Discovery & Development, and Other Applications; Region - North America, Europe, Asia-Pacific, and Rest of the World): Global Industry Analysis, Trends, Market Size and Forecasts to2026” provides a comprehensive outline of the factors responsible for the growth of the market.
The major factors responsible for the growth of the global anatomic pathology testing market include an increase in the aging population worldwide and rising incidences of chronic diseases owing to changes in food habits and lifestyle. Furthermore, increasing demand to improve the diagnostic procedures in every clinical center is further boosting the market growth. Moreover, growing concern towards health and also a priority for early diagnosis and surge in disposable income in urban areas are pouring the demand of the market to the extent. The rising adoption of the latest technology techniques in the medical sector boosts the anatomic pathology testing market. However, lack of standardization is slowly hindering the demand of the market. Stringent government regulations also negatively impact the growth of the market. Conversely, the increasing prevalence of effective treatment procedures is creating opportunities for the anatomic pathology testing market.
Geographically, North America generated the largest revenue in the Anatomic Pathology Testing Market in 2019 and is expected to continue its dominance over the forecast years. The early technology adoption in North America coupled with extensive R&D by the key healthcare companies is anticipated to augment the demand for the anatomic pathology testing market in the North America region. Moreover, the Asia Pacific region is anticipated to grow with the fastest CAGR owing to the growing aging population and rising chronic diseases. Furthermore, increasing demand for advanced imaging modalities, an upsurge in better patient care facilities, and several pathology laboratories franchising their presence fuel the Asia Pacific anatomic pathology testing market.
The anatomic pathology testing market is intensely competitive with the presence of several multinational and regional players. The major players Sakura Finetek USA, Inc, Quest Diagnostics Incorporated, Laboratory Corporation of America Holdings, NeoGenomics Laboratories, Inc., Agilent Technologies, Danaher Corporation, Thermo Fisher Scientific, F. Hoffmann-La Roche AG, Abbott Diagnostics, and Advanced Cell Diagnostics are continuously focusing on improving R&D and facilitate other organic strategies to gain a competitive edge in the anatomic pathology testing market. These key players are employing numerous strategies to maintain their substantial share in the marketplace during the projection period. The strategies implemented comprise collaborative development, product development, and business expansion. Infinium Global Research’s recent report on the global anatomic pathology testing market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the anatomic pathology testing market and also estimates the impact of recent developments in the global market.