Hyderabad, India -- (SBWire) -- 03/01/2018 --Anatomy Pathology is essentially one among the branches of the pathology stream, the alternative being the Clinical Pathology. Anatomic pathology relays to the process, examination, and diagnosis of surgical examples by a physician trained in pathological diagnosis. Anatomy Pathology features the diagnosis of sickness based on the gross, microscopic, biochemical, immunologic and molecular examination of organs and tissues. The information generated by Anatomy Pathology is additionally analyzed and is utilized by doctors for a far better health management.
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Anatomy Pathology market was valued at was value USD 16.2 billion in 2016 and is predicted to be growing at a CAGR of 6.1%, to approach USD 21.78 billion by 2021. This is primarily because of the increasing usage of technologically advanced devices for disease diagnosis and analysis.
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However, drug discovery is anticipated to exhibit strong growth over the forecast time period primarily thanks to increasing expenditure by government and non-government organizations on R&D for the introduction of novel and high-efficiency medicine. The market is anticipated to register a robust rate of growth over the forecast period due to intensive use of anatomic assays, accessibility of novel molecular testing instruments, and availability of anatomic pathology testing kits to discover numerous kinds of cancers at a low price.
The small firms and new players within the market approach venture capitalists to develop anatomic pathology testing merchandise. These capitalists have compelled these corporations to develop innovative technologies and merchandise within the area of immunohistochemistry and cytology for diagnosing chronic diseases like cancer. This has raised the monetary flow support from venture capitalists, which is hastening the expansion of anatomic pathology testing market. Post registration and market approval, venture capitalists take a share from the total revenue generated by these firms.
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North American market provides the biggest market share globally, owing to the extensive healthcare facilities in the region. Asia-Pacific region promises the highest CAGR globally, due to the developing healthcare markets in the countries of the region.
The major market players in the global market include Agilent Technologies, Sakura Finetechnical Co. Ltd., Laboratory Corporation of America Holdings, NeoGenomics Laboratories Inc., Danaher Corporation and Quest Diagnostics Incorporated.
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