What Factors would be Responsible for Boom of Anatomic Pathology Market in Asia-Pacific in Future?

 One of the biggest factors resulting in the increasing demand for anatomic pathology services across the world is the escalating prevalence of chronic diseases, such as hypertension, cancer, heart diseases, autoimmune diseases, liver cirrhosis, and kidney diseases, especially in low- and middle-income countries (LMICs). According to a report of the World Health Organization (WHO), 9.6 million people died from cancer across the world in 2018. Furthermore, the report also states that almost 70% of the deaths from cancer occur in LMICs, which, in turn, boosts the demand for anatomic pathology screening in these countries.

The other key factor responsible for the growth of the anatomic pathology market is the soaring geriatric population across the globe. As per the World Population Ageing published by the United Nations (UN), the global geriatric population is predicted to increase from 703 million in 2019 to 1.5 billion by 2050. Additionally, the WHO reports that the prevalence of chronic diseases, such as depression, diabetes, organ failure, dementia, and pulmonary diseases, increases with age, which further pushes the need for efficient diagnosis, thereby propelling the volume of pathological tests.

To learn more about this report: https://bit.ly/2Dst6FZ

The biggest rage currently being witnessed in the anatomic pathology market is the heavy investments in the rapid development of new technologies, in order to speed up the disease diagnosis process. For instance, Greg Clark of the U.K. government announced in November 2018 that several consortium groups will together develop five new digital imaging and pathology centers, in various places in the U.K., such as Oxford, Glasgow, Leeds, Coventry, and London. The U.K. government, in order to make this possible, plans to invest $65 million from the Industrial Strategy Challenge Fund.

Therefore, it can be concluded that owing to the ballooning need for quick and effective diagnosis of chronic diseases and rapid technological advancements in the healthcare industry, the usage of anatomic pathology testing is set to observe huge growth in the coming years.

Source: https://www.psmarketresearch.com/market-analysis/anatomic-pathology-market

Read More

Anatomic Pathology Market Displaying Steady Growth across the World

Across the world, the prevalence of chronic diseases is increasing, which is leading to the growth of the healthcare sector. The most common chronic diseases are cancer, chronic obstructive pulmonary disease (COPD), certain cardiovascular diseases (CVD), and diabetes. As per the World Health organization, 9.6 million died from cancer, alone, in 2018. With the growing incidence of such diseases, the need for effective, and preferably early, diagnosis is rising. This is increasing the demand for anatomic pathology techniques that help identify medical issues by examining tissues and fluid samples taken from the body.

Valuing $17.4 billion in 2018, the anatomic pathology market is predicted to grow to $24.3 billion in 2024, due to an increasing number of people falling prey to chronic diseases and surging number of medical tests being performed. Histopathology, surgical pathology, and cytopathology are the three primary approaches to diagnosing a disease via anatomic pathological tests. Among these, histopathological tests were the most widely performed during 2014–2018, and the same scenario is expected for 2019–2024. Such tests involve looking at a tissue sample under a microscope, for the identification of myocardial infarction (heart attack), cancer, and other tissue-related diseases.

To Learn More About this Report: http://bit.ly/2G8KahW

Such diseases are more prevalent in the elderly, compared to people in the younger age groups. The United Nations reports that by 2050, the geriatric population will increase three times, from 2017. At this rate, the number of such people is predicted to touch 425 million by 2050. Thus, the increasing geriatric population, at risk to life-threatening diseases, would lead to increased medical testing, thereby driving the sale of instruments and consumables used in anatomic pathological testing across the world.

Across the world, the anatomic pathology market growth in China would be the fastest, primarily due to the rise in the geriatric population. Across Asia-Pacific (APAC), anatomic pathological tests would rise in number because of investments in diagnostic research by government and non-government organizations, popularity of personalized medicine, and growing patient pool with chronic ailments. Further, several European and North American firms, supplying test instruments and consumables, are increasing their presence in the region.

Therefore, with the growing focus on early and effective disease diagnosis and rising number of chronic disease patients, the anatomic pathology niche is predicted to keep prospering.

Read More