Digital Pathology Market: Market Segments: By Product (Software, Scanner, Communication Systems, Storage Systems); By Application (Disease Diagnosis, Teleconsultation, Drug Discovery, Training & Education); By End User (Pharmaceutical & Biotechnology Companies, Hospitals and Clinics, Academics Institutes & Research Laboratories); and Region – Global Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Digital pathology requires digital format management, sharing, acquisition, and interpretation of pathology content. With a scanning system that offers a high-resolution digital image, glass slides are scanned. On a computer or mobile device, this visual image is then displayed. Technologically advanced optical pathology scanners, which can capture high quality images of whole glass slides, are available on the market.
Digital Pathology Market is expected to project a notable CAGR of 13.5% in 2030.
Digital Pathology Market to surpass USD 1,492 million by 2030 from USD 510 million in 2019 at a CAGR of 13.5% throughout the forecast period, i.e., 2020-30. The main factors driving the growth of the global digital pathology market are some of the primary factors, such as the efficient cost of digital pathology products, the ease of virtual transport of slides, and the high performance of digital pathology systems.
Digital Pathology Market: Segments
Diseases diagnosis segment to grow with the highest CAGR of 12.3% during 2020-30
Digital Pathology Market is segmented by applications as drug discovery, teleconsultation, training & education, and diseases diagnosis. Based on application, the teleconsultation segment held the leading position with a market share of around XX.X% in the Digital Pathology market in 2019 as digital pathology is being widely utilized for consulting the geriatric population.
Digital Pathology Market: Market Dynamics
Growing Number of Tele-consultations
Teleconsultation seeks to omit the spatial and practical gaps between two or more providers of healthcare that are geographically isolated. It is characterized as remote telecommunications consultation, primarily for the diagnosis or treatment of a patient at locations that are distant from patients or primary doctors. Several hospitals, primary healthcare doctors, private medical practices, and other medical units are introducing teleconsultation facilities.
High cost of digital pathology systems
The development of the digital pathology market is hindered by uncertain reimbursement policies, shortages of trained staff, and the reluctance of older pathologists to embrace modern technologies. While these systems can be afforded by large hospitals with substantial capital budgets, pathologists and academic institutions with small budgets or IT support often cannot afford them.
Digital Pathology Market: Regions
Digital Pathology Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Digital Pathology Market in North America held the largest market share of XX.X% in the year 2019 and it is expected to continue its market dominance in the future owing to the continuous implementation of R&D investments, supportive government policies related to the production of technologically advanced technologies, increased use of digital imaging, and the participation of major players. The regional growth is expected to be further fueled by increased use of digital pathology for disease diagnosis coupled with favorable reimbursement policies in the U.S., improving the efficiency of cancer diagnosis. Due to the increasing penetration of digital imaging in emerging economies, investments in the medical sector, and the existence of untapped opportunities, Asia Pacific is expected to grow at the fastest CAGR during the forecast period. Because of the increased prevalence of cancer, which affects a large population, the Asia Pacific healthcare industry has greatly affected the market. Increasing demand for new treatment options, improved care facilities for patients, and lower laboratory costs are also expected to further drive the demand in coming years.
Digital Pathology Market: Key Players
• 3DHistech Ltd
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
• Hamamatsu Photonics KK
• Danaher Corporation (Leica Biosystems Nussloch GmbH)
• Mikroscan Technologies Inc.
• Nikon Corporation
• Olympus Corporation
• Koninklijke Philips NV
• F. Hoffmann-La Roche AG (Ventana Medical Systems Inc.)
• Visiopharm AS
• Proscia Inc.
• Sectra AG
Digital Pathology Market report also contains analysis on:
Digital Pathology Market Segments:
• Communication Systems
• Storage Systems
• Disease Diagnosis
• Drug Discovery
• Training & Education
• Pharmaceutical & Biotechnology Companies
• Hospitals and Clinics
• Academics Institutes & Research Laboratories
• Digital Pathology Market Dynamics
• Digital Pathology Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
FAQs on Digital Pathology Market
· Which segment is anticipated to hold the largest market share?
· At what CAGR is the market anticipated to grow between 2020 and 2030?
· Who are the key players in the Digital Pathology Market?
· What could be the challenging factors in the growth of Digital Pathology Market?
· What are the growth drivers for the Digital Pathology Market?