Rising Geriatric Population to Take Anatomic Pathology Market Forward

Advancing at a CAGR of 5.8% during the forecast period (2019-2024), the anatomic pathology market is expected to garner $24.3 billion revenue by 2024, compared to $17.4 billion in 2018. The biochemical, microscopic, macroscopic, molecular, and immunologic examination of organs and tissues, which helps in disease diagnosis, is termed as anatomic pathology. The main reasons for the market growth are the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in the field.

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The anatomic pathology market is observing the trend of the increasing adoption of new technologies, such as biobanking. It is the collection of samples of bodily tissues and fluids for the purpose of carrying out research for better understanding of diseases and health. In today's time, when the emphasis is on obtaining faster test results for making a quick diagnosis, biobanking processes are being digitized for the easy storage and reference of test results. Additionally, the development of the liquid biopsy technique, coupled with next-generation sequencing, is revolutionizing the cancer diagnosis domain.

The anatomic pathology market is segmented by product, region, test type, end user, application, and technique. Based on product, the market is bifurcated into consumables and instruments. In 2018, higher revenue was generated by consumables, and during the forecast period, these are expected to exhibit the higher CAGR of 6.2%. Consumables, such as reagents and fixatives, are repetitively purchased as compared to instruments, which are mostly purchased only once.

Therefore, the market for anatomic pathology is expected to flourish during the forecast period, as the elderly population across the globe is increasing, the healthcare infrastructure in developing economies is witnessing a transformation, and new technologies are being developed.

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ANATOMIC PATHOLOGY MARKET SEGMENTATION
Market Segmentation by Product
o Consumables
o Reagents
? Fixatives
? Stains & dyes
? Others
o Antibodies
o Kits
o Probes
o Others
o Instruments
o Tissue processors
o Slide stainers
o Microtomes
o Centrifuges
o Cryostats
o Others
Market Segmentation by Test Type
o Histopathology
o Cytopathology
o Surgical Pathology
Market Segmentation by Technique
o Special Staining
o Immunohistochemistry
o Electron Microscopy
o Genetic Testing
o Others
Market Segmentation by Application
o Disease Diagnosis
o Cardiology
o Oncology
o Hepatology
o Nephrology
o Others
o Drug Discovery
o Others
Market Segmentation by End User
o Hospitals and Clinics
o Diagnostic Laboratories
o Ambulatory Surgical Centers
o Academic and Research Organizations

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