Global Digital Pathology Market
Market Overview
Digital pathology is more than the conversion of glass slide to digital media, it decrease the time and cost for diagnosis by giving pathologists tools to automate manual and time-consuming tasks.
According to Goldstein Research, Digital Pathology Market Size is estimated to be valued at USD 7.1 billion by 2024, expanding at a considerable CAGR of 16% during the forecast period. The global digital pathology market is segmented based on product, applications and end user. Products segment is further bifurcated into whole digital pathology slide imaging, digital pathology image analysis-informatics, information management system storage & communication and others (Software etc). Whole slide imaging is the highest revenue-generating segment and is projected to grow at a CAGR of 13.65% over the forecast period while on the basis of end-user segment hospitals & diagnostic lab along with pharma & biotech companies comprises 70% market share of total digital pathology market. On the basis of regional research, North America, Europe & APAC are three competitive regions which are growing fast, where APAC would exhibit the highest CAGR of 25% over the forecast period 2016-2024 owing to the developing role in companion diagnostics and drug development pipeline.
Digital Pathology Market Outlook, 2016-2024 Highlights:
- Forecast market size (USD), market share (%) and market growth CAGR, 2016-2024
- Present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe.
- In-depth competitive analysis of the major players and leaders in healthcare industry.
- Future prospects of the overall industry based on industry digital pathology companies, manufacturers, suppliers, and distributors, pharmaceutical & biotechnology companies, cosmetic product manufacturers, healthcare institutions, clinical centers, medical research laboratories and academic medical centers and universities.
- The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models.
- Global digital pathology market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.
- Market growth dynamics, challenges, risk analysis, trends & opportunities for the new & existing players in the market.
- The market segmentation in the report is backed by the estimated & forecast market size (USD) & market share (%) along with the BPS analysis & market attractiveness.
- The digital Pathology research report also includes new business models, product developments and capital investment as the key strategies adopted by the major players for a significant expansion of business
Browse Full Report: Digital Pathology Market
Global Digital Pathology Market Segmentation
By Product
- Whole Slide Imaging
- Image Analysis-Informatics
- Information Management System Storage & Communication
- Others
By Application
- Academic Research
- Disease Diagnosis
- Secondary Consultations
- Telepathology
By End-User
- Pharma& Biotech Companies
- Hospital & Diagnostic Centers
- Educational Institutes
- Contract Research Organizations
By Geography
- North America (US, Canada) Digital Pathology Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) Digital Pathology Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) Digital Pathology Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Latin America (Brazil, Mexico and Rest of Latin America) Digital Pathology Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
- Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) Digital Pathology Market {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
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Market Trends, Drivers and Challenges
European pathologists are the second largest users of digital pathology, first being North America. Few successful pathology projects in Europe Union are leading to AIDPATH which is the 1st European project for academic and industrial collaboration for digital pathology in order to generate huge volumes of whole slide and tissue microarray images which are providing new insights into the causes of most devastating diseases. Digital pathology accredit the pathologist to engage, evaluate, and collaborate rapidly and remotely, with transparency and consistency, thus improving efficiency and productivity of the pathology, along with enhancing the future of Digital Pathology Market.
Nevertheless, challenges like untrained medical personnel, limited adoption due to the availability of traditional pathology, mindset of technophobic pathologists, image storage concern due to large data, LIS integration concerns, reimbursement policies and limited clinical test menu is road blocking the penetration of digital pathology.
Key questions answered in Global Digital Pathology Market Report
- What is the global digital pathology market Size by 2025 and what would be the expected growth rate of the industry?
- What is the total revenue per segment and region in global digital pathology market in 2016-2017 and what would be the expected revenue per segment and region over the forecast period?
- What are the global digital pathology market trends and recent developments?
- What are the factors which are driving global digital pathology market?
- What are the major barriers to global digital pathology market growth?
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