Histopathology Services Market Projected to Reach USD 47.97 Million by 2030, Driven by Rising Cancer Incidence and Technological Advancements

The global histopathology services market, valued at USD 27.99 million in 2023, is anticipated to grow at a compound annual growth rate (CAGR) of 8% from 2024 to 2030, reaching nearly USD 47.97 million by the end of the forecast period. 

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Market Overview

Histopathology services involve the microscopic examination of biological tissues to diagnose diseases. Advancements in imaging techniques now allow biopsies from previously inaccessible sites, such as the pancreas and peritoneum. The increasing prevalence of chronic diseases and the growing demand for biologics are significant drivers of market growth. 

Key Market Drivers

• Rising Cancer Incidence: According to the World Health Organization (WHO), in 2020, there were approximately 2.36 million new cases of breast cancer and 2.23 million cases of lung cancer globally. The growing number of cancer patients directly impacts the demand for histopathology services. 

• Technological Advancements: The integration of digital solutions into histopathology diagnostics enables quicker interpretation of primary diagnostic data. For instance, Antech Diagnostics launched a digital histology scanner in North America in June 2022, capable of delivering whole-slide interpretations in less than two hours. 

• Adoption of Immunohistochemistry (IHC): IHC is increasingly used for visualizing cellular components to diagnose a wide range of diseases, including cancer and infectious diseases. Companies like Biocare Medical, LLC have introduced fully automated staining platforms, such as the ONCORE Pro, to enhance IHC applications. 

Market Segmentation

• By Type of Examination:

  • Surgical Specimens: Accounted for the largest market share in 2023, as they are performed for all surgical resections provided for diagnosis by surgeons. 

• By End User:

  • Hospitals & Clinics: Held the largest share (45%) of the histopathology services market in 2023, attributed to the growing number of hospital admissions and pathology services provided by major hospitals.

Regional Insights

North America is expected to hold a significant market share due to the region's growing geriatric population, rising cancer incidence, and increased awareness about cancer screening. For example, the American Cancer Society predicts that over 1.9 million new cancer cases will be diagnosed in the United States in 2022. 

Challenges

• High Initial Costs: Digitization of histopathology tools requires substantial upfront investment for installation and training. For instance, whole slide scanners can cost between USD 100,050 and USD 400,050, and software subscriptions may add up to USD 15,000 annually. 

• Workforce Shortages: An increasing number of pathologists are retiring compared to those entering the workforce, leading to a shortage that directly impacts the market. 

Opportunities

• Artificial Intelligence Integration: The adoption of AI-based digital tools is expected to boost market growth by enhancing workflow management and diagnostic accuracy. 

Key Market Players

• Hologic, Inc.

• Abbott

• Becton, Dickinson and Company

• F. Hoffmann-La Roche Ltd.

• Merck KGaA

• Thermo Fisher Scientific, Inc.

• Danaher

• Sysmex Corporation

• Trivitron Healthcare

• Koninklijke Philips N.V.

• PerkinElmer Inc.

• Sonic Healthcare Limited

• Laboratory Corporation of America Holdings

• TPL Path Labs

• Cureline Global Translational CRO

• Targos

• Experimental Pathology Laboratories Inc (EPL)

• CHARLES RIVER LABORATORIES, INC. 

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Conclusion

The histopathology services market is poised for significant growth, driven by the rising incidence of cancer, technological advancements, and the integration of AI-based tools. While challenges like high initial costs and workforce shortages persist, the market presents substantial opportunities for stakeholders aiming to enhance diagnostic capabilities and patient outcomes.

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