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Anatomic Pathology Equipment and Consumables Global Market Report 2024 To 2033 | Danaher Corporation, F. Hoffmann-La Roche Ltd., Cardinal Health Inc., PHC Group, Agilent Technologies, Laboratory Corporation of America Holdings
Anatomic Pathology Equipment and Consumables Market Segment
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According to The Business Research Company's, The anatomic pathology equipment & consumables market size has grown rapidly in recent years. It will grow from $19.77 billion in 2023 to $22.1 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to increasing prevalence of infectious diseases, strong economic growth in emerging markets, technological advances and increase in demand of personalized medicines.
The anatomic pathology equipment & consumables market size is expected to see rapid growth in the next few years. It will grow to $32.44 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to growing reliance on biomarker- based pathology tests, rise in pathology training programs, covid-19 pandemic and growth in chronic diseases will drive the growth in the anatomic pathology equipment & consumables market. Major trends in the forecast period include focusing on launch of new products, investing in collaborations, focus on use of ai in the pathology equipment and investing in manufacturing of 3d printing equipment.
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Market Drivers and Trends:
The rising occurrence of chronic diseases such as cancer is expected to drive the demand for the anatomic pathology equipment and consumables market. According to the American Cancer Society, there were 1.89 million new cases and 0.6 million cancer deaths in 2021 in the USA. The four most common types of cancer worldwide are lung, prostate, bowel, and female breast cancer, accounting for 43% of all new cancer cases. Therefore, the rise in cancer incidence rate globally is anticipated to boost the demand for anatomic pathology equipment and the consumables market.
Companies in the anatomic pathology equipment and consumables market are increasingly investing in new technologies for better efficiency and reducing the time taken to conduct these tests. Companies such as Biogenex have developed automated staining technology such as Xmatrx and i6000 diagnostics for diverse laboratory needs. Matrix systems offer standardized processes from baking through final glass coverslip for staining and preventing cross-contamination and i6000 diagnostics is a high-throughput system for special staining of clinical samples in molecular pathology laboratories. The i6000 diagnostics possesses a staining capacity of 200 slides in 8 hours (60 slides in 3 hours).
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Major Key Players of the Market:
Danaher Corporation, F. Hoffmann-La Roche Ltd., Cardinal Health Inc., PHC Group, Agilent Technologies, Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, NeoGenomics Laboratories Inc., BioGenex Laboratories, Sakura Finetek USA Inc., Shimadzu Corporation, Bionics Scientific Technologies (P) Ltd, ACMAS Technologies Pvt. Ltd, Labindia Instruments Pvt. Ltd, Hospital Supply Company Pvt. Ltd., Ratek, Leica Biosystem, SORAN, PHC Holdings Corporation, Thermo Fisher Scientific, Becton Dickinson and Company, Epridia, TPL Pathology Labs, ARUP Pathology, Maxdata, Medesa, BMT Medical Technology, Dynex, Medicarom, Hologic Inc., Merck KGaA, Bio SB, Diapath S.p.A., DASA, UW Medicine Pathology, Sunquest, Somatco, ANDAAF Scientific Ltd, Katchey Company Limited.
Anatomic Pathology Equipment and Consumables Market 2024 Key Insights:
• The anatomic pathology equipment & consumables market size is expected to see rapid growth in the next few years. It will grow to $32.44 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%.
• Growing Cancer Incidence Rates Fuel Demand For Anatomic Pathology Equipment And Consumables
• Innovative Technologies Drive Efficiency And Accelerate Testing In Anatomical Pathology Equipment And Consumables Market
• North America was the largest region in the anatomical pathology equipment and consumables market in 2023
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