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A recent report published by Infinium Global Research on digital
pathology market provides an in-depth analysis of segments and sub-segments in
global as well as regional digital pathology market. The study also highlights
the impact of drivers, restraints and macro indicators on the global and
regional digital pathology market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of the global digital pathology market. According to report, the global digital
pathology market is projected to grow at a CAGR of 12% over the forecast period
of 2018-2024.
Digital pathology is also referred to as virtual microscopy that includes
management, acquisition, sharing, capturing and interpretation of pathological
information in a digital environment. Digital slide provides a high-resolution digital image that can be viewed on the computer screen or mobile devices.
These slides are created when the glass slide is captured within the scanning device.
Moreover, the automated digital pathology scanner is used to capture the entire
glass slide. They are used in the education and contract research
organizations, health and pharmaceutical sectors. FDA approved digital
pathology for the primary diagnosis such as prognosis and prediction of cancer
and other important diseases. digital pathology is an efficient method compared
to the conventional method which delivers faster and accurate test results.
Growing prevalence of chronic diseases such as cancer coupled with
increasing geriatric population and rising rapid pathological test among the
patients are the major factors which drive the growth of the market. In
addition, reduction in diagnosis cost, efficient record keeping and rising
demand for digital pathology are some of the factors that escalate the growth
of the digital pathology market. However, the high cost of digital pathology
systems are projected to be the restraining factor for the growth of the market
during the forecast period. Going forward, the growing use of telepathology in
developing economies and the availability of affordable scanners for private
pathology Practices may provide huge opportunities for the digital pathology
market in the near future.
Among the geographies, North America is expected to be the leading
revenue contributor in the digital pathology market followed by Europe. Growing
prevalence of chronic diseases, initiatives taken by the government and market
players in diagnostics and the vast presence of major players in this region
are some of the factors estimated to supplement the growth of the North America
region. The Asia-Pacific is the fastest growing region in this market owing to
the rise in occurrences of chronic diseases coupled with a rapidly growing
population in countries such as India and China. In addition, other factors are
responsible for the growth of the digital pathology market are rising the
healthcare expenditure and growing awareness.
The report on global digital pathology market covers segments such as type, component, application, and end user. On the basis of type, the global
digital pathology market is categorized into veterinary pathology and human
pathology. On the basis of component, the global digital pathology market is
categorized into software, hardware, communication systems, and storage system.
On the basis of application, the global digital pathology market is categorized
into drug discovery, disease diagnosis, and teleconsultation. On the basis of
end user the global digital pathology market is categorized into education
& training, research institutes, diagnostic laboratories and pharmaceutical
& biotechnology companies.
The countries covered in the North America region include the U.S.,
Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South
Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and
Rest of Europe are included in the European region.
The U.S. drives the growth in the North
America region as it is the largest market in the region. The Asia-Pacific the region offers a substantial potential for the market growth owing to rapid
growth in markets such as India and China. The APAC region is projected to
experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the
companies in the global digital pathology market such as Ventana Medical
Systems, Apollo Enterprise Imaging, 3DHISTECH, Leica Biosystems, Huron Digital
Pathology, Visiopharm, Indica Labs, Koninklijke Philips, Corista and GE
Healthcare.
The report provides deep insights on demand
forecasts, market trends, and micro and macro indicators. In addition, this
report provides insights on the factors that are driving and restraining the
global digital pathology market. Moreover, IGR-Growth Matrix analysis given in
the report brings an insight on the investment areas that existing or new
market players can consider. The report provides insights into the market using
analytical tools such as Porter's five forces analysis and DRO analysis of
digital pathology market. Moreover, the study highlights current market trends
and provides forecast from 2018-2024. We also have highlighted future trends in
the digital pathology market that will impact the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight on the market share of the leading players. This report will help
manufacturers, suppliers, and distributors of the digital pathology market to
understand the present and future trends in this market and formulate their
strategies accordingly.
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