North America Anatomic Pathology Market Overview
The instruments segment, categorized under product and services, is projected to lead market growth throughout the forecast period.
According to the latest market research report titled “North America Anatomic Pathology Market Forecast to 2028 – COVID-19 Impact and Regional Analysis by Product and Service, Application, End User, and Country,” the North America anatomic pathology market is anticipated to grow from US$ 8,870.41 million in 2021 to US$ 13,970.95 million by 2028, reflecting a compound annual growth rate (CAGR) of 6.7% during the forecast period (2021–2028).
📚𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 – https://www.businessmarketinsights.com/sample/TIPRE00026306
The report identifies key market trends, growth drivers, and challenges, emphasizing the increasing demand for advanced diagnostic instruments and the critical role of pathology in disease diagnosis and personalized medicine as primary factors propelling the market. However, certain barriers—such as high equipment costs and regulatory challenges—may restrict market expansion to some extent.
Cancer continues to be a major global health challenge, accounting for a significant share of premature deaths from noncommunicable diseases. In 2018, there were 18.1 million new cancer cases and 9.5 million deaths globally, with lung cancer being the most commonly diagnosed. Similarly, the prevalence of diabetes—especially in middle-income countries—is rising due to increasing rates of obesity and unhealthy diets. In 2019, approximately 463 million adults aged 20–79 were living with diabetes, a number projected to rise to 700 million.
This surge in cancer and other chronic diseases is driving demand for advanced diagnostic and treatment solutions, fueling growth in the North American anatomic pathology market. Additionally, the growing focus on personalized medicine, which offers targeted treatments with fewer side effects, is further boosting market expansion.
The COVID-19 pandemic significantly impacted the anatomic pathology market due to the redirection of healthcare resources. Clinic and operating room closures, along with stay-at-home mandates across North America, led to a sharp decline in specimen submissions for pathology evaluation. Hospital visits dropped, and many elective and cancer-related surgeries were postponed or canceled, with autopsies also suspended. The World Economic Forum reports that 28 million elective surgeries and 38% of global cancer surgeries were delayed. Consequently, pathology labs saw a major reduction in diagnostic samples and test volumes, leading to decreased sales of pathology products in Q2 2020. With a surge in COVID-19 cases, labs shifted focus to COVID testing. Although restrictions are easing and elective procedures are resuming, the overall growth of the anatomic pathology market remains slower than in previous years.
Strategic Insights: North America Anatomic Pathology Market
Strategic insights into the North American anatomic pathology market offer a comprehensive, data-driven analysis of the current industry landscape. These insights explore emerging trends, leading market players, and regional dynamics to uncover opportunities for growth and differentiation. By identifying underserved market segments and highlighting innovative value propositions, stakeholders can gain a competitive edge.
Utilizing advanced data analytics, these insights enable manufacturers, investors, and other key players to stay ahead of market shifts and evolving demands. With a forward-looking approach, they provide the tools needed to anticipate change, adapt strategies, and position businesses for sustainable success in this fast-evolving sector.
Ultimately, these strategic insights support well-informed decision-making, empowering stakeholders to boost profitability, enhance operational efficiency, and achieve long-term business goals within the North American anatomic pathology market.
North America Anatomic Pathology Regional Insights
The geographic scope of the North America Anatomic Pathology refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Market Overview and Dynamics
The North America anatomic pathology market is expected to reach US$ 13,970.95 million by 2028 from US$ 8,870.41 million in 2021; it is estimated to grow at a CAGR of 6.7% from 2021 to 2028. The growth of the market is attributed to key driving factors such as the increasing prevalence of cancer and other diseases and the growing focus on personalized medicines. However, the lack of skilled professionals and the implementation of stringent government regulations hinder the market growth.
Key Market Segments
The North America anatomic pathology market is categorized by product and service into instruments, consumables, and services. In 2021, the services segment accounted for the largest market share. However, the instruments segment is projected to experience the highest compound annual growth rate (CAGR) during the forecast period.
By application, the market is segmented into disease diagnosis, drug discovery and development, and others. The disease diagnosis segment dominated the market in 2021, while the drug discovery and development segment is expected to witness the fastest growth from 2021 to 2028.
Based on end user, the market is divided into hospitals, research laboratories, diagnostic laboratories, and others—which include pharmaceutical and biotechnology companies as well as contract research organizations (CROs). In 2021, hospitals held the largest market share, whereas diagnostic laboratories are projected to register the highest CAGR during the forecast period.
Reasons to Purchase This Report
Identify Key Investment Opportunities: Leverage detailed trend analysis to pinpoint promising investment areas within the North America anatomic pathology market over the coming years.
Understand Market Dynamics: Gain comprehensive insights into the factors driving demand across various addiction therapeutics segments in the highest-spending countries, and uncover the unique opportunities each segment offers.
Enhance Market Knowledge: Deepen your understanding of key market drivers, prevailing industry trends, and the latest technological advancements shaping the North America anatomic pathology landscape.
Uncover Growth Channels: Discover the primary distribution and development channels propelling the market, providing a clear perspective on emerging opportunities for revenue growth.
Optimize Resource Allocation: Strategically direct resources by focusing on current initiatives and programs implemented across different North American countries within the anatomic pathology sector.
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Akshay
Senior Market Research Expert at Business Market Insights
