(PharmaNewsWire.Com, October 05, 2017 ) The Latin America Anatomy Pathology Market was worth USD 1.94 billion in 2016 and is estimated to be growing at a CAGR of 6.93%, to reach USD 2.72 billion by 2021. It is one of the smallest markets among all the regions but it is the fastest growing market right after APAC region. Anatomy Pathology is the branch of medicine that deals with diagnosis of diseases based on the various levels of examinations of organs and tissues.
Anatomy Pathology features the diagnosis of disease based on the macroscopic, microscopic, biochemical, immunologic and molecular examination of organs and tissues. The data generated by Anatomy Pathology is further analysed and is used by doctors for a better health management. Anatomy Pathology is basically one of the branch of the pathology stream, other being the Clinical Pathology.
Latin America Anatomy Pathology Market is mainly driven by the factors like technological advancements, upsurge in frequency of diseases because of less developed infrastructure and improving efficiency in medical procedures. This market is facing challenges mainly competing with the Physician Groups, like speciality physicians merging or adding ancillary services and large commercial labs. There is a constant significant reimbursement pressure. Awareness is increasing in this region about diseases at a very fast rate, still overall awareness of the people is very less. These factors may act as growth hurdles for the Anatomy Pathology Market in this region.
Latin America Anatomy Pathology Market Segmentation
• Product o Instruments o Accessories • End-User o Diagnostics Lab o Hospitals o Physicians' Office Lab
• Application o Lymphoma o Breast o Lung o Cervical o Colorectal o Prostate
The Latin America Anatomy Pathology Market region is geographically segmented into Brazil, Mexico, Argentina, and remaining countries of South America. Brazil is one of the largest markets in this region followed by Mexico, Argentina, and Columbia, which are also intensifying in this market. This market is extremely disjointed with numerous big and developing players operating in the business. Some of the major companies dominating the market in this region are DASA (Brazil), PACS (Brazil) and UW Medicine Pathology (Columbia).
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