Anatomic Pathology Market Expected to Expand at a Steady CAGR through 2021 | Market Data Forecast
Anatomic Pathology Market value was worth USD
16.2 billion in 2016 and is estimated to be growing at a CAGR of 6.1%, to reach
USD 21.78 billion by 2021. The market is showcasing evident potential in the
mentioned forecasting period. As the times have changed, people have become
more conscious about their health. The market has played a vital role in the
study, diagnosis, and treatment of these diseases. The overall market for
anatomic pathology is increasing considerably because of the rising use and
viability of biomarkers in diagnosing different infection including cancer.
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Anatomic Pathology features the diagnosis of
disease based on the macroscopic, microscopic, biochemical, immunologic and
molecular examination of organs and tissues. The data generated by Anatomy
Pathology is further analyzed and is used by doctors for a better health
management. Anatomy Pathology is basically one of the branches of the pathology
stream, other being the Clinical Pathology.
With the enormous number of ongoing
developments and innovations in the healthcare and electronics sector, rising
spending capabilities and the ease of use of medical devices the rising
incidences of chronic diseases amongst all demographics, the market is growing
at a huge rate.This market is facing challenges mainly competing with the
Physician Groups, like specialty physicians merging or adding ancillary
services and large commercial labs. There is a constant significant
reimbursement pressure. These factors may act as growth hurdles for the Anatomy
Pathology Market in certain regions.
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Anatomic
Pathology Market Segment:
The Global Anatomic
Pathology Market is broadly categorized by products, by application, and by
end-user. Based on products, the market is segmented into instruments and
accessories. On the basis of application, it has been categorized as lymphoma,
breast, lung, colorectal, cervical and prostate. On the basis of end-user, the
market has been classified into Hospitals, Diagnostics lab, and physicians’
office lab.
Market
Regional Analysis:
On the basis of geography,
the global market is analyzed under various regions namely North America,
Europe, Asia Pacific and Rest of the World. The Anatomy Pathology market was
dominated by North America, with the overall market share of over 44.8%
globally in 2016. North America was followed by Europe and Asia-Pacific. The
Asia Pacific is predicted to grow at a rapid pace in the coming few years.
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Anatomic
Pathology Industry Key Players:
Some of the major companies
dominating the market, by their products and services include Thermo Fisher
Scientific (U.S.), F. Hoffmann-La Roche AG (Switzerland), Quest Diagnostics
Incorporated (U.S.), Laboratory Corporation of America Holdings (U.S.), and
NeoGenomics Laboratories, Inc. (U.S.), Danaher Corporation (U.S.), Agilent
Technologies (U.S.), Sakura Finetechnical Co., Ltd. (Japan).
The scope of the report provides:
·
The
evaluation of the current market for your product or services and the future
implications of the market
·
Addresses
the opportunities by better understanding the market through size estimates and
growth rate analysis to forecast the market for the future
·
Extensive
segmentation to understand the dynamics of market at a very granular level by
splitting down the market to the smallest segment
·
Addresses
the key market dynamics involving the drivers, restraints and challenges with
an aim of providing insights for gaining market share
·
The
factors responsible for the shaping of the industry as it is as a result of
competitive environment is analyzed through Porter’s Five Forces
·
The
effects of political, economic, social, technological, legal and environmental
factors on the industry is analyzed through PESTLE analysis to better understand
the aspects of strategic management required to comply with the exogenous and
endogenous factors
·
Strategic
evaluation of the key players to gain insights of their performance allowing
access to their product portfolio, financial performance and the strengths of
their business strategic developments
·
Comparative
study of the firms across the industry measuring their performances based on
market share and recent activities in order to achieve competitive intelligence
·
Equip
you with the information providing with the investment opportunities in the
industry
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