Anatomic Pathology Equipment and Consumables Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

The anatomical pathology equipment and consumables are used to diagnose diseases. Anatomic pathology is a branch of science in which the disease is diagnosed by examining tissues and organs at a molecular, biochemical, and microscopic level.

Sizing and Forecast
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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Segmentation & Regional Insights
The anatomic pathology equipment and consumables market covered in this report is segmented –
1) By Products and Services: Instruments, Consumables, Services
2) By Application: Cancer, Other Diseases, Research
3) By End-Use: Hospital, Clinical Laboratories, Research

North America was the largest region in the anatomical pathology equipment and consumables market in 2023. Western Europe was the second largest region in the global anatomical pathology equipment and consumables market report share. The regions covered in the anatomic pathology equipment and consumables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the anatomic pathology equipment and consumables market report are 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.

The anatomic pathology equipment and consumables market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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