Digital Pathology Market Overview
Digital pathology is defined as an image-based information environment for the management, analysis, and the interpretation of the information achieved from a digital slide. In short, the digitalization of conventional pathology lab is referred to as digital pathology. This technology has gained momentum in the global medical and healthcare industry, owing to the improvements it brings in a number of applications such as drug discoveries and their development, multi-functionalities in instruments, diagnostic tests, and other research applications.
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Rise in cancer incidences, increasing teleconsultations, high efficiency of digital pathology systems, increased adoption rate, increasing government and industry player’s initiatives are paving the way for the overall growth of the digital pathology market globally. On the other hand, barriers such as stringent regulatory concerns for primary diagnosis, the nonexistence of standard guidelines for digital pathology, lack of reimbursement and skilled personnel are some of the major factors likely to restrain the market growth. However, rising need for integrated healthcare facilities which can be achieved through establishing digital pathology systems would offer profitable growth opportunities for the service providers in the future if they can overcome threats like the high cost of establishing new technology or infrastructure.
Digital Pathology Market Forecast Report (2018-2023)
Global Digital Pathology Market was worth USD 415.54 Million in 2018 and estimated to be growing at a CAGR of 11.54%, to reach USD 717.41 Million by 2023.
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Digital Pathology Market Segmentation
The Global Digital Pathology Market is thoroughly segmented by Type, Product, Application and End user. Further based on the type it is segmented into Human Digital Pathology and Animal Digital Pathology. While by Product it is categorized into Scanners, Software, Communication Systems and Storage Systems, based on Application it is segmented into Teleconsultation, Diseases Diagnosis, Drug Discovery and Training & Education categories. Finally, by End User, it is segmented into Pharmaceutical Companies, Hospitals, and Academic Institutions. While Scanners segment accounts for the largest market share in 2018, software segment is surely catching up to it growing fast paced with the development of technology.
On the other hand, based on geography it is segmented and analyzed under the regions of North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. While North America accounts for the largest share of the global digital pathology market closely followed by Europe the development is concentrated around the region of Asia-Pacific.
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Major Players:
The major companies dominating this market for its products and services are Perkin Elmer, Inc., Definiens AG, Sectra AB, Koninklijke, Philips N.V, GE Healthcare, Inspirata Co., Ventana Medical Systems, Inc., Leica Bios stems, 3D-Histech Ltd, Hamamatsu Photonics, K.K., Digipath Co.,
The Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.
The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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