Global Anatomic Pathology Market Top Manufactures, Growth Opportunities and Investment Feasibility
As the world continues to deal with COVID-19, economies are moving into recession, under multiple adverse factors, the GDP of European and American countries in the second quarter suffered a historical contraction. At an annualized rate, the US GDP fell by 32.9% month on month, while the overall GDP of the euro zone fell by 12.1%.
In the second quarter of this year, US GDP shrank by 9.5% on a month on month basis, or 32.9% at an annual rate, the largest decline since the 1940s. Data show that the sharp decline in personal consumption is the main drag on the U.S. GDP growth in the second quarter.
Compared with the United States, Europe's economic contraction in the second quarter was smaller, but it was also the lowest on record, with Germany and France contracting more than 10%. According to the data released by the Federal Bureau of statistics, Germany's GDP fell by 10.1% in the second quarter after adjusting for prices, seasons and working days, the largest decline since the quarterly economic data were available in 1970.
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Increasing number of laboratory and pathological services is expected to drive growth of global anatomic pathology market.
For instance, in October 2019, Pathology chain Metropolis Healthcare Ltd acquired 4 laboratories which are Doctor's Clinical Laboratory, lyer Pathology Laboratory, Nagar Pathology Laboratory and Yash Clinical Laboratory in Surat, Gujarat for US$ $2.53 million.
The continuous efforts of companies to develop advance pathology equipment is expected to drive growth of global anatomic pathology market.
For instance, in October 2018, Sakura Finetek USA partnered with Laboratory Medicine and Henry Ford Health System Pathology to advance the automation level of its anatomic pathology laboratories.
Lack of skilled professionals is expected restrain growth of the global anatomic pathology market.
North America is expected to dominate the global anatomic pathology market due to rising chronic diseases.
According to the National Center for Chronic Disease Prevention and Health Promotion (NCCDPHP), 7 in 10 adults in U.S. have chronic diseases and 4 in 10 adults have two or more chronic diseases which also leads the nation’s annual healthcare cost to US$ 4.5 trillion.
Asia Pacific is expected to grow rapidly in near future due to the development of the diagnostic laboratories and healthcare facilities.
Major Type of Anatomic Pathology Covered in report:
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