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Why Are Diagnostic Laboratories Using Anatomic Pathology Products?

12-13-2021 07:22 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Why Are Diagnostic Laboratories Using Anatomic Pathology

The World Health Organization (WHO) estimates that nearly 1.28 billion people aged 30–79 years are currently living with hypertension, and nearly two-thirds of this population reside in low- and middle-income countries. The organization also reveals that nearly 17.9 million human lives were lost due to cardiovascular diseases (CVDs), such as heart attack and stroke, globally in 2019. Further, the International Agency for Research on Cancer (IARC) states that 19,292,789 people were diagnosed with cancer in 2020.

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Moreover, the booming global population will also result in the large-scale adoption of anatomic pathology products, as old people are highly vulnerable to illnesses and medical conditions, such as organ failure, heart diseases, chronic obstructive pulmonary disease (COPD), dementia, and diabetes, which require efficient diagnosis and treatment. The diagnosis of these ailments through anatomic pathology helps medical professionals in planning the treatment for elderly patients. For instance, the United Nations Department of Economic and Social Affairs (UNDESA) forecasts that the number of individuals aged 65 years or more will rise from 727 million in 2020 to over 1.5 billion by 2050.

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Various types of anatomic pathology products are used by academic and research organizations, ambulatory surgical centers (ASCs), diagnostic laboratories, and hospitals and clinics for disease diagnosis and drug discovery. The end users use the aforementioned products along with special staining, genetic testing, electron microscopy, and immunohistochemistry techniques to diagnose cancer, heart diseases, kidney diseases, and liver ailments. In recent years, diagnostic laboratories have emerged as the prominent users of such products as they offer surgical pathology, histopathology, and cytopathology tests at nominal prices.

Globally, the Asia-Pacific (APAC) anatomic pathology market is expected to demonstrate the fastest growth during the forecast period, owing to the widespread acceptance of personalized medicine, presence of a vast patient pool suffering from chronic illnesses, and hefty investments being made by the government and non-government organizations in diagnostic research activities in the region. Additionally, the increasing penetration of eminent market players offering advanced and innovative anatomic pathology instruments and consumables will also contribute to the market growth in the region.

Therefore, the rising cases of chronic ailments and burgeoning population of the elderly will facilitate the consumption of anatomic pathology products in the foreseeable future.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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