The global Histopathology Services Market was valued at USD 22.8 Billion in 2022 and it is anticipated to grow up to USD 38.4 Billion by 2032, at a CAGR of 5.4% during the forecast period.
Histopathology services are used in the examination of biological tissues for the diagnosis of diseases. The procedure includes microscopic examination of tissues. With the help of imaging techniques biopsy tissues can now be obtained from certain inaccessible sites such as pancreas and the peritoneum.
Market Trends and Drivers
Factors such as rising demand for biologics and increasing prevalence of chronic diseases are driving the histopathology services market. However, limitations associated with histopathology and immunohistochemistry are expected to restrict the market growth to a certain extent during the forecast period. Further, increasing government support to advance the smart technologies in preliminary diagnosis has led to robust development of histopathology services. Additionally, technology has played crucial in minimizing the complication of the manual process and advanced the existing histopathology technologies. Other factors like increasing public investments in advancing the histopathology services have fuelled the growth of the market. On the other hand, limitations associated with histopathology and immunohistochemistry is expected to restrain the overall market growth to a certain extent during the forecast period.
Market Restraints and Challenges
The disadvantages of histology and histological staining include: Preparation of the slides using the paraffin technique can be time-consuming; frozen slides are faster to prepare, but this can affect the resolution, especially when using light microscopy. However, limitations associated with histopathology and immunohistochemistry are expected to restrict the market growth to a certain extent during the forecast period. Subspecialisation in the diagnostic surgical pathology service and cytology; frozen sections; the autopsy; multidisciplinary team meetings; ancillary techniques; the pathology report and some other administrative duties.
The report analyses the global Histopathology Services Market based on Type, End-user, and region
Global Histopathology Services Market by Type
Based on type, is segmented into surgical specimen, breast biopsy, lung biopsy, renal biopsy, gastrointestinal biopsy, pancreatic biopsy, skin tissue biopsy, testicular biopsy, and others. the surgical specimen segment dominated the market in 2022, and this trend is expected to continue during the forecast period, owing to increase in number of various types of surgical procedures, rise in demand for diagnosis of chronic diseases, and surge in adoption of diagnostic systems. However, the liver biopsy segment is expected to witness considerable growth during the forecast period, owing to increase in number of liver cancer cases and growth in number of key players for development of histopathology services systems in the healthcare industry. the surgical specimen segment dominated the market in 2021, and this trend is expected to continue during the forecast period, owing to increase in number of various types of surgical procedures, rise in demand for diagnosis of chronic diseases, and surge in adoption of diagnostic systems. However, the liver biopsy segment is expected to witness considerable growth during the forecast period, owing to increase in number of liver cancer cases and growth in number of key players for development of histopathology services systems in the healthcare industry.
Global Histopathology Services Market by End-user
Based on end user, the histopathology services market has been segmented into diagnostic laboratories and reference laboratories, research institutes, and others; the diagnostic laboratories and reference laboratories segment held the largest market share in 2021, and the same segment is predicted to register the highest CAGR during 2022–2032.
Geographical Analysis of Global Histopathology Services Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. In 2022, North America dominated the histopathology services market. The US is the major contributor to the market growth in the region; moreover, rising public health awareness, increasing strategic activities by governments, and presence of leading market players support the regional market growth. The growth of the market can be because of prevalence of various diseases, government support for biotechnology and increasing efforts in R&D activities as well as other activities undertaken by the market players operating in the market. In addition, technological advancements in the diagnosis industry is likely to stimulate the growth of histopathology services market in North America. On the other hand, large pool of population suffering with chronic diseases, rapidly developing healthcare infrastructure, and intellectual capabilities of scientists and researchers in the Asia Pacific is expected to account for the fastest growth of the region during the coming years.
Major Players in the Global Histopathology Services Market
The key players in the market are Sonic Healthcare Limited; Laboratory Corporation of America Holdings; Acculabs Diagnostics UK Ltd; TPL Path Labs; UNILABS; Cureline Global Translational CRO; Targos; Cellular Pathology Services; Experimental Pathology Laboratories Inc (EPL); and CHARLES RIVER LABORATORIES, INC.. among others.
COVID-19 Impact:
At present, COVID-19 has made a major impact on the healthcare industry. Since the outbreak reached the U.S. in January 2020, hospitals, pharmacies, and other facilities have had to address challenges at a magnitude that had never been seen before. Moreover, according to a recent survey by Medscape in April 2020, substantial disruption have been witnessed in routine cancer care that includes tests for screening and diagnosis in suspected cases to their treatment as a result of the COVID-19 pandemic. The rapid increase in the number of infected patients in the US and Canada is likely to hamper the growth of histopathology services market and result in slowing down the market growth in the near future. Currently, many countries are now undergoing lockdown relaxations, and most hospitals have resumed elective surgeries. As a result, the number of diagnostic tests conducted is now increasing. Owing to the factors mentioned above, the overall growth rate of the anatomic pathology market is less when compared to the previous year.
Recent Developments:
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