Anatomic Pathology Equipment & Supplies Market Size, Share, By Type (Instruments, Consumables, and Services), By Application (Disease Diagnosis, Research & Development, and Others), By End-User (Clinical and Non-Clinical), and By Region - Trends, Analysis and Forecast till 2034

Report Code: PMI547424 | Publish Date: July 2024 | No. of Pages: 186

Anatomic Pathology Equipment And Supplies Market Overview

Anatomic Pathology Equipment & Supplies Market Size was valued at USD 33.8 Billion in 2024 and is expected to reach USD 69.0 Billion by 2034, growing at a CAGR of 8.2%

Anatomic Pathology Equipment and Supplies are equipment for preparing and examining tissues. The tools used in laboratories for pathology and histology might vary. Microtomes, for example, can be vibrating, radial, or rotational. It's also important to consider the features that allow you to change the thickness of the slices they can produce. Some slide labelers can print logos, some can print text, some can print barcodes, and others can print several label kinds. The correct equipment for histology and pathology labs relies on the lab's capacity because different pieces of equipment have different capacities and speeds when preparing samples for analysis. The temperature ranges, and timeframes at which the equipment that regulates sample temperatures can reach the desired temperature vary.

The growth of healthcare insurance alternatives drives the market for anatomic pathology supplies and equipment. When someone is ill, they are more likely to seek medical treatment if they have access to health insurance. Because an accurate and timely diagnosis is essential for effective treatment, the demand for anatomic pathology supplies and equipment has skyrocketed. It is anticipated that when health insurance becomes more widely available, there will be a greater need for anatomic pathology supplies and equipment.

Anatomic Pathology Equipment & Supplies Market Share

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Anatomic Pathology Equipment And Supplies Market Dynamics

Key Drivers of Target Market:

Increasing prevalence of chronic disorders:

  • The market for anatomic pathology supplies and equipment is significantly driven by the growing prevalence of cancer and chronic illnesses globally. Pathology services play a major role in meeting the growing need for tailored treatment plans and accurate diagnoses resulting from this prevalence. A thorough pathological investigation is especially necessary for cancer for the purposes of diagnosis, staging, and therapy monitoring.

  • The World Health Organization estimates that there will be 19.3 million new cases of cancer worldwide in 2020, making it one of the main causes of death globally. By 2040, this figure is anticipated to increase to 30.2 million. Numerous pathological tests are usually needed for each of these instances, which increases the demand for sophisticated tools and supplies. To manage the rising workload while preserving diagnostic accuracy, there is an increasing demand for high-throughput screening systems, automated tissue processors, digital pathology solutions, and improved imaging systems.

Technological advancements:

  • Another important factor propelling the market is the rapid rate of technological advancement in pathology. These developments transform pathological examination procedures and increase diagnostic capacity, precision, and efficiency. Leading the way in this technology revolution is digital pathology. Glass slides are transformed into digital pictures that can be managed, shared, watched, and examined on a computer.
  • Artificial intelligence (AI) for image analysis, more straightforward patient data storage and retrieval, and remote consultations are all made possible by this technology. Digital pathology benefits from the integration of AI and machine learning algorithms, improving diagnosis accuracy, speeding up turnaround times, and helping to identify subtle patterns that human observers miss. Furthermore, pathologists are gaining access to previously unheard-of insights into tissue architecture and molecular composition because to developments in imaging technologies like mass spectrometry imaging and multiplex immunofluorescence.

Restrains:

High cost of equipment and supplies:

  • The high cost of sophisticated pathology equipment and the ensuing financial strain on healthcare facilities is a significant barrier to the growth of the anatomic pathology equipment and supplies market. Modern automated tissue processors, digital pathology equipment, and molecular diagnostic instruments sometimes demand enormous upfront costs. This budgetary barrier can be tough for smaller laboratories and healthcare organizations in environments with limited resources.

  • Healthcare funds are already tight in many places, particularly in poor nations, so defending significant capital spending on pathology equipment is challenging. This cost limitation may exacerbate healthcare inequities by creating a "digital divide" in pathology services, where only well-funded institutions can purchase the newest technology. Adoption of cutting-edge tools and supplies can also be hindered by the absence of uniform payment guidelines for digital and molecular pathology services in some areas, making it difficult for labs to recover their costs.

Opportunities:

Integration of AI and ML technologies:

  • The increasing incorporation of artificial intelligence (AI) and machine learning algorithms into pathology workflows presents substantial potential in the anatomic pathology equipment and supplies market. AI applications can flourish in the growing amount of digitized pathological data made available as digital pathology becomes more common.
  • AI systems may be taught to help pathologists with various tasks, from simple slide screening to intricate tissue sample pattern identification. With this technology, the pathological diagnosis might become much more accurate and efficient, with quicker turnaround times and better identification of minute anomalies that human observers could miss.

Anatomic Pathology Equipment And Supplies Market Segmentation

The market is segmented based on Type, Application, End-User and Region.

Type Insights:

  • Instruments: The increasing need for cutting-edge technology, such as digital pathology workstations and automated tissue processors, has dominated this segment. These tools enhance productivity, accuracy, and efficiency in anatomic pathology labs. Growth in this market is also fueled by the creation of specialist tools for niche markets like molecular diagnostics.
  • Consumables: The continuous need for necessities such as stains, fixatives, and microscope slides is expected to fuel this market's expansion. These supplies are essential for processing, preparing, and examining tissue under a microscope.
  • Services: The increasing use of outsourced services is expected to cause this market to expand substantially. More and more labs are searching for better workflows and more affordable solutions.

Application Insights:

  • Disease Diagnosis: Because tissue analysis is becoming increasingly crucial for precise illness detection, this market sector will probably continue to dominate. This market is growing because customized therapy is emerging, necessitating thorough tissue characterization.
  • Research & Development: This market is expected to increase significantly due to continuous research in fields like cancer biology and customized medicine. There is a need in this market due to the development of new diagnostic instruments and biomarkers, which frequently call for specialized supplies and equipment.
  • Others: This section covers tissue banking and forensic pathology. In legal investigations, forensic pathology uses tools and resources to analyze tissue samples to identify the cause of death or investigate damage. Tissue banking keeps tissue samples for transplantation or future study; it calls for specific retrieval and storage techniques.

End-User Insights:

  • Clinical: This section covers pathology departments in different environments, such as hospitals. Pathology departments at hospitals examine tissue samples from surgeries, autopsies, and biopsies to make various diagnoses. To carry out these studies effectively and precisely, they need a wide range of tools (microtomes, tissue processors, pathology workstations) and supplies (fixatives, stains, slides).
  • Non-Clinical: The growing significance of anatomic pathology in research endeavors such as Academic & Research Institutions is driving the expansion of this category. They use tools and materials to investigate the causes of diseases, create novel diagnostic procedures, and advance our knowledge of human health. Additionally, pre-clinical and clinical studies are carried out by Pharmaceutical & Biotechnology Companies for novel pharmaceuticals, frequently using tissue analysis to evaluate the safety and efficacy of the treatments.

Regional Insights

  • North America: The market for anatomic pathology supplies and equipment is dominated by North America for several reasons. The region's high healthcare costs encourage investment in cutting-edge diagnostic tools. Cutting-edge equipment is made available to pathology labs by early adoption of new technologies.
  • Asia Pacific: With a large and aging population, expanding disposable incomes, and government programs focusing on developing healthcare infrastructure, Asia Pacific is now the region with the fastest-growing market for anatomic pathology supplies and equipment.
  • Europe: With an emphasis on well-established healthcare systems and high-quality diagnostics, Europe is a sizable market supported by strict regulatory requirements that guarantee product safety and effectiveness.
  • Latin America: Latin America is another developing region with room to grow. Economic expansion has raised healthcare costs and the need for more advanced diagnostic equipment.
  • Middle East and Africa: Due to growing healthcare awareness and increased investments in medical technology, the Middle East and Africa constitute an expanding market with development potential.

Anatomic Pathology Equipment and supplies Market Report Scope:

Attribute

Details

Market Size 2024

USD 33.8 Billion

Projected Market Size 2034

USD 69.0 Billion

CAGR Growth Rate

8.2%

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type - Instruments, Consumables, and Services.

By Application - Disease Diagnosis, Research & Development, and Others.

By End-User - Clinical and Non-Clinical.

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Type, Application, End-User and Region.

Segmentation:

By Type:

  • Instruments

  • Consumables
  • Services

By Application:

  • Disease Diagnosis
  • Research & Development
  • Others

By End-User:

  • Clinical
  • Non-Clinical

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Anatomic Pathology Equipment And Supplies Market Key Players

The key players operating in the Anatomic Pathology Equipment and supplies Market include Agilent Technologies, Inc., Merck KGaA, Jinhua Yidi Medical Appliance Co., Ltd, Diapath S.p.A., Hologic, Inc., BioGenex, R. K. SCIENTIFIC INSTRUMENT PRIVATE LIMITED, MEDITE Medical GmbH, CellPath Ltd., Bright Instrument Co Limited, Becton, Dickinson and Company, and PHC Holdings Corporation.

Anatomic Pathology Equipment & Supplies Market Key Players

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Anatomic Pathology Equipment And Supplies Market Key Issues Addressed

  • In September 2022, Epredia, the US-based cancer diagnostics company successfully acquired MMFrance and Laurypath for an undisclosed amount. This strategic purchase aligns nicely with Epredia's goal to expand its cancer diagnostics business. Two French firms created in 1987, MMFrance and Laurypath, produce anatomy-related items. MMFrance and Laurypath's joining Epredia is expected to expand the company's reach and strengthen its capabilities in cancer diagnostics and anatomical pathology.

Anatomic Pathology Equipment And Supplies Market Company Profile

  • Merck KGaA
  • Jinhua Yidi Medical Appliance Co., Ltd
  • Diapath S.p.A.
  • Hologic, Inc.
  • BioGenex
  • R. K. SCIENTIFIC INSTRUMENT PRIVATE LIMITED
  • MEDITE Medical GmbH
  • CellPath Ltd.
  • Bright Instrument Co Limited
  • Becton, Dickinson and Company
  • PHC Holdings Corporation

FAQs

Anatomic Pathology Equipment & Supplies Market was valued at USD 33.8 Billion in 2024 and is expected to reach USD 69.0 Billion by 2034 growing at a CAGR of 8.2%

Anatomic Pathology Equipment & Supplies Market is segmented into Type, Application, End-User, and Region.

Rising rates of cancer and chronic illnesses are driving the market, which calls for additional pathological testing to provide precise diagnosis and treatment recommendations. Technological improvements, especially in digital pathology, molecular diagnostics, and automation, are increasing the efficiency and capacities of pathology laboratories.

Restraints of the Anatomic Pathology Equipment & Supplies Market include regulatory obstacles, such as strict licensing procedures for novel diagnostic technology and regionally disparate requirements.

The Anatomic Pathology Equipment & Supplies Market is segmented by region into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America is expected to dominate the Market.

The key players operating in the Anatomic Pathology Equipment and supplies Market include Agilent Technologies, Inc., Merck KGaA, Jinhua Yidi Medical Appliance Co., Ltd, Diapath S.p.A., Hologic, Inc., BioGenex, R. K. SCIENTIFIC INSTRUMENT PRIVATE LIMITED, MEDITE Medical GmbH, CellPath Ltd., Bright Instrument Co Limited, Becton, Dickinson and Company, and PHC Holdings Corporation.