2024 Anatomic Pathology Equipment and Consumables Market Summary: 5 Key Findings
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What Growth Projections are in Place for the Anatomic Pathology Equipment and Consumables Market Between 2024-2033?
The market size for anatomic pathology equipment & consumables has experienced swift expansion in the recent past. A growth from $19.77 billion in 2023 to $22.1 billion in 2024 is projected, representing a compound annual growth rate (CAGR) of 11.8%. The rise during the historical period can be associated with increased instances of infectious diseases, robust economic development in emerging markets, advancements in technology, and a higher demand for personalized medications.
The market for anatomic pathology equipment & consumables is anticipated to experience significant growth in the coming years, reaching a value of $32.44 billion in 2028 with a compound annual growth rate (CAGR) of 10.1%. This growth during the forecast period is due to an increased dependence on biomarker-based pathology examinations, an escalation in pathology training initiatives, the impact of the COVID-19 pandemic, and an increase in chronic illnesses. The determined trends during this forecasted period include a concentration on the launch of innovative products, investment in alliances, emphasis on AI’s application in pathology machinery, and expenditure on the production of 3D printing equipment.
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What Are the Major Factors Contributing to the anatomic pathology equipment and consumables Market Expansion?
The escalating rate of chronic diseases such as cancer is predicted to heighten the interest in anatomic pathology equipment and consumables in the market. Statistics from the American Cancer Society reveal that the United States saw 1.89 million new case incidences and a death toll of 0.6 million due to cancer in the year 2021. The most common cancer types globally – lung, prostate, bowel, and female breast cancer – represent 43% of all new cancer cases. Consequently, the rising global rate of cancer occurrences is poised to stimulate the demand for anatomic pathology equipment and the consumables market.
Which Key Segments Shape the Anatomic Pathology Equipment and Consumables Market?
1) By Products and Services: Instruments, Consumables, Services
2) By Application: Cancer, Other Diseases, Research
3) By End-Use: Hospital, Clinical Laboratories, Research
What Are the Transformative Trends Influencing the Anatomic Pathology Equipment and Consumables Market?
Businesses in the anatomic pathology equipment and consumables market are steadily investing in innovative technologies to enhance efficiency and reduce testing time. For instance, Biogenex has introduced automated staining technologies like Xmatrx and i6000 diagnostics to cater to various lab requirements. Matrix systems provide standardized procedures, from baking to the final glass coverslip for staining, and prevent cross-contamination. The i6000 diagnostics, on the other hand, is a high-throughput system designed for special staining of clinical samples in molecular pathology labs. It has the ability to stain 200 slides in 8 hours or 60 slides in 3 hours.
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What Regions Are Leading the Growth Trajectory of the Anatomic Pathology Equipment and Consumables Market?
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
The Anatomic Pathology Equipment and Consumables Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the anatomic pathology equipment and consumables market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Anatomic Pathology Equipment and Consumables Market Include
1. Anatomic Pathology Equipment and Consumables Market Executive Summary
2. Anatomic Pathology Equipment and Consumables Market Segments
3. Anatomic Pathology Equipment and Consumables Market Size And Template Market Growth Rate
4. Key Anatomic Pathology Equipment and Consumables Market Trends
5. Major Anatomic Pathology Equipment and Consumables Market Drivers
……
25. Key Mergers And Acquisitions In The Anatomic Pathology Equipment and Consumables Market
26. Top Anatomic Pathology Equipment and Consumables Companies
27. Anatomic Pathology Equipment and Consumables Market Opportunities And Strategies
28. Anatomic Pathology Equipment and Consumables Market, Conclusions And Recommendations
29. Appendix
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