GVR Report cover Anatomic Pathology Market Size, Share & Trends Report

Anatomic Pathology Market Size, Share & Trends Analysis Report By Product & Services (Consumables, Instruments, Services), By Application, By End-use, By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Nov, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-3-68038-318-8
  • Format: Electronic (PDF)
  • Historical Data: 2017 - 2019
  • Number of Pages: 176

Report Overview

The global anatomic pathology market size was valued at USD 16.06 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.08% from 2021 to 2028. An increase in the clinical use of biomarkers enables the pathologists to determine disease pathogenesis at the molecular level and further guides in the clinical decision-making, thereby improving patient outcomes. The growing reliance on biomarkers-based pathology tests and procedures to explore common malignancy and tumorigenesis is driving the market. The COVID-19 pandemic is serving as a driver for the adoption of whole slide imaging, digital pathology, and telepathology. Digital pathology has helped pathologists work remotely, enhancing their overall productivity and helping them address the backlog of cases. The usage rate of these technologies has been gaining momentum over the past few years. The COVID-19 pandemic has further boosted this adoption, in turn, having a positive impact on the market growth.

Brazil anatomic pathology market size, by product & services, 2018 - 2028 (USD Million)

The high usage of advanced pathology equipment such as staining systems, gross imaging, and digital microscopes is poised to improve anatomic pathological practices to a major extent. The digital imaging solutions offer specificity and accuracy-related benefits over the conventional techniques, which in turn, boosts the service uptake rate in the market for anatomic pathology.

Companies are undertaking continuous efforts for the development of advanced and upgraded pathology equipment with respect to their design and ease of use. For instance, in May 2021, a digital pathology solutions provider-OptraSCAN introduced CytoSiA-an intelligent solution for affordable and rapid scanning and analysis of pap-smears and liquid-based cytology slides. This instrument allows whole slide cytology imaging with advanced image analysis.

Moreover, several partnership and agreement ventures among key companies for the introduction of an effective portfolio are driving the market. For instance, in April 2021, Royal Philips collaborated with Ibex Medical Analytics, a company involved in AI-based cancer diagnostics, to boost the adoption of AI-based digital pathology. Both the companies combined their expertise to offer advanced solutions to empower pathologists.

Product & Services Insights

The consumables segment dominated the market in 2020 with a share of over 65.0%. The availability of a wide range of products, coupled with a high usage rate of consumables in research findings, is fueling the segment growth. The low cost and the easy availability of pathology consumables further contributed to the segment growth.

A substantial number of reagents and kits, antibodies, and probes are being marketed for anatomic pathology protocols. Some key reagents and kits include Tamping Tools Kits, CISH Centromere Detection Kits by Thermo Fisher; ultra view SISH DNP Detection Kit, ISH iVIEW Blue Plus Detection Kit by Roche, and Instrument Cleaning Kit by Agilent.

The ongoing technological advancements and focused efforts by the market participants to offer anatomic pathological instruments with an improved design are anticipated to bolster the growth of the instruments segment. For instance, in April 2020, Precisionary Instruments launched a CF-6100 cryostat. This cryostat promotes and supports tissue sectioning in dermatology, histology, and pathology.

Application Insights

The disease diagnosis segment accounted for the largest share of over 55.0% in 2020. Pathology protocols provide an opportunity for researchers to explore disease etiology and associated outcomes. Thus, the market is witnessing the wide application of anatomic pathology in disease diagnosis. The rising prevalence of chronic conditions, such as cancer, along with the surging geriatric population, is the major factor driving the disease diagnosis segment.

The anatomic pathology workflow aids the detection of a tumor at the inflammatory and proliferating stromal cells stage, thus minimizing costs associated with tumor eradication. In addition, the increasing focus of the manufacturers towards the introduction of innovative and novel diagnostics techniques accelerates the segment growth.

The drug discovery and development segment is anticipated to grow at a lucrative pace over the forecast period. Tissue analysis carried out by the pathologists generates a wealth of information for pharmaceutical manufacturers during preclinical trials. Anatomic pathology plays a vital role in toxicology assessment for the evaluation of the adverse effects of candidate drugs.

End-use Insights

The hospitals' segment dominated the market with a revenue share of over 45.0% in 2020 owing to the high hospitalization rate of cancer patients, coupled with a substantial number of frequent readmissions in hospitals. Moreover, the presence of well-developed infrastructure, coupled with a well-trained staff in hospital-based pathological laboratories, stimulates the growth of the hospital segment.

Global anatomic pathology market share, by end-use, 2020 (%)

The hospitals segment is also expected to be befitted by an increasing number of initiatives undertaken by the public and private agencies to promote advanced healthcare systems. The emergence of advanced testing techniques and equipment has led to a lucrative growth of the diagnostic laboratories segment.

A large number of clinical trials through various ongoing projects spurs the growth of the research laboratories segment. Research laboratories are engaged in offering rapid and comprehensive information about the functioning of diseased tissues, with the overall objective of achieving a high degree of patient satisfaction.

Regional Insights

North America accounted for the largest revenue share of over 45.0% in 2020 due to the presence of major players and supportive government initiatives pertaining to training pathological programs. The rising implementation of tissue-diagnostic related procedures in disease screening owing to favorable reimbursement policies in the U.S. facilitates the regional market growth.

In addition, approvals and commercialization of products in the region have supplemented the market growth. For instance, in May 2021, Hologic Inc. received premarket approval (PMA) by the U.S. FDA for ThinPrep Genesis Processor. This instrument offers a combination of sample aliquoting and cytology processing with improved workflow. The increasing number of regulatory approvals is expected to boost revenue generation.

Spiraling demand for advanced imaging modalities, an increase in better patient care facilities, and several pathology laboratories franchising their presence fuels the growth of the Asia Pacific market. The presence of public agencies such as the Pathology Branch of the Chinese Medical Association in China that aimed at assisting the pathology projects also contributes to the fastest growth of the APAC market.

Key Companies & Market Share Insights

Anatomic pathology is a mature industry with a large number of key players in it. The advent of new strategic plans to maintain competitiveness stimulates the market growth. The market is well equipped with upcoming and innovative instruments and consumables to address the challenges in transforming pathology trends.

For instance, in September 2021, Roche announced the launch of digital pathology open environment. The new workflow allows researchers and physicians to share images for better analysis. Further, the platform is compatible with whole slide imaging technology. Hence, the ongoing strategies adopted by key players boost the market growth as it helps retain their leadership in the market. Some prominent players in the global anatomic pathology market include:

  • Danaher Corporation

  • 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

  • Bio SB

Anatomic Pathology Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 17.70 billion

Revenue forecast in 2028

USD 34.66 billion

Growth rate

CAGR of 10.08% from 2021 to 2028

Base year for estimation

2020

Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product & services, application, end-use, region

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; Germany; U.K., China; India; Brazil; Mexico, South Africa

Key companies profiled

Danaher Corporation; 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; Bio SB

Customization scope

Free report customization (equivalent up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global anatomic pathology market report on the basis of product and services, application, end-use, and region:

  • Product & Services Outlook (Revenue, USD Million, 2017 - 2028)

    • Instruments

      • Microtomes & Cryostat

      • Tissue Processors

      • Automatic Stainers

      • Whole Slide Imaging (WSI) Scanners

      • Other Products

    • Consumables

      • Reagents & Antibodies

      • Probes & Kits

      • Others

    • Services

  • Application Outlook (Revenue, USD Million, 2017 - 2028)

    • Disease Diagnosis

    • Drug Discovery and Development

    • Others

  • End-use Outlook (Revenue, USD Million, 2017 - 2028)

    • Hospitals

    • Research Laboratories

    • Diagnostic Laboratories

    • Others

  • Regional Outlook (Revenue, USD Million, 2017 - 2028)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

    • Middle East and Africa (MEA)

      • South Africa

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