The anatomical pathology equipment and consumables market consists of sales of anatomical pathology equipment and consumables and related services by entities (organizations, sole traders and partnerships) that manufacture anatomical pathology equipment and consumables to diagnose diseases. Anatomic pathology is a branch of science in which the diagnosis of the disease is carried out by examining tissues and organs at a molecular, biochemical, and microscopic level.
The global anatomic pathology equipment and consumables market is expected to decline from $17.26 billion in 2019 to $16.47 billion in 2020 at a compound annual growth rate (CAGR) of -4.58%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities resulting in operational challenges. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $21.03 billion in 2023 at a CAGR of 8.5%.
