April 18, 2024
Anatomic Pathology Market

Anatomic Pathology Market is Estimated to Witness High Growth Owing to Increasing Prevalence of Chronic Diseases

The anatomic pathology market involves the examination and study of tissues, cells and body fluids to aid in the diagnosis, prognosis and monitoring of diseases. Anatomic pathology helps to ascertain the cause of diseases and assists clinicians in providing appropriate treatment. Advancements in technology such as development of digital and virtual pathology solutions have aided pathologists in effective disease diagnosis.

The Global Anatomic Pathology Market is estimated to be valued at US$ 34.75 Billion in 2024 and is expected to exhibit a CAGR of 15% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Anatomic Pathology are American Art Therapy Association, Art Therapy Without Borders, Art With Impact, Canadian Art Therapy Association, Creative Growth Art Center, Expressive Media, International Expressive Arts Therapy Association, Luna Children’s Charity, Montage Arts Therapy, National Institute for Trauma and Loss in Children. The growing burden of chronic diseases and rising instances of cancer globally have opened up opportunities for players in the anatomic pathology market. With increasing spending on healthcare globally and rising healthcare infrastructure, especially in developing countries, key players are likely to expand their presence worldwide over the coming years.

Market drivers:

One of the key driver for growth of Anatomic Pathology Market Size is the increasing prevalence of chronic and lifestyle diseases. According to W.H.O, chronic diseases accounted for 71% of global deaths in 2021. Common chronic conditions requiring anatomic pathology tests for diagnosis include cancer, cardiovascular diseases, and diabetes. Early and accurate diagnosis plays a vital role in the effective management of these diseases. This has spurred the adoption of anatomic pathology solutions globally.

PEST Analysis

Political: Regulations around laboratory testing and sample diagnosis will impact the growth of the anatomic pathology market. For example, mandatory accreditation for laboratories might increase compliance costs.

Economic: Rising healthcare expenditure and high prevalence of chronic diseases will drive demand for pathology diagnostic services. Availability of medical insurance and out-of-pocket spending capacities will influence market revenues.

Social: Growing public awareness about early disease detection through laboratory examination of tissues and cell samples enhances the social acceptance of anatomic pathology practices.

Technological: Digital pathology using whole slide imaging systems helps in remote consultation, teaching and research applications. Automation and AI in tissue processing and analysis improves laboratory efficiency while reducing turnaround times.

North America accounts for the largest share of the anatomic pathology market in terms of value. This is attributed to factors such as rapid adoption of digital and automated pathology solutions, a large aging patient population base, and increasing healthcare spending in the region.

Asia Pacific region is poised to grow at the fastest rate during the forecast period owing to expanding healthcare infrastructure, rising medical tourism, growing prevalence of cancer and increasing demand for accurate disease diagnosis with anatomic pathology services. Countries like China, India and Japan are expected to drive significant market revenues in Asia Pacific.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it