Anatomic Pathology Market Size, Key Players, Growth and Future Scope

Across the world, the prevalence of chronic diseases is increasing, which is leading to the growth of the healthcare sector. The most common chronic diseases are cancer, chronic obstructive pulmonary disease (COPD), certain cardiovascular diseases (CVD), and diabetes. As per the World Health organization, 9.6 million died from cancer, alone, in 2018. With the growing incidence of such diseases, the need for effective, and preferably early, diagnosis is rising. This is increasing the demand for anatomic pathology techniques that help identify medical issues by examining tissues and fluid samples taken from the body.

Valuing $17.4 billion in 2018, the anatomic pathology market is predicted to grow to $24.3 billion in 2024, due to an increasing number of people falling prey to chronic diseases and surging number of medical tests being performed. Histopathology, surgical pathology, and cytopathology are the three primary approaches to diagnosing a disease via anatomic pathological tests. Among these, histopathological tests were the most widely performed during 2014–2018, and the same scenario is expected for 2019–2024. Such tests involve looking at a tissue sample under a microscope, for the identification of myocardial infarction (heart attack), cancer, and other tissue-related diseases.

Along with medical testing, the usage of biobanking is also growing. The term refers to the process of storing samples of body fluids and tissues for research, related to disease prognosis and drug discovery. With digitization and growing requirement for instant test and research results, findings of the tests are being stored in a database for future reference. Yet another trend in the industry is the increasing usage of liquid biopsy to perform next-generation sequencing for the diagnosis of cancer. In such a test, the cancer cells or deoxyribonucleic acid (DNA) are isolated from the blood and then analyzed.

Therefore, with the growing focus on early and effective disease diagnosis and rising number of chronic disease patients, the anatomic pathology niche is predicted to keep prospering.

Report this Page