Digital Pathology Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025– Increased focus on improving workflow efficiency and growing demand for more advanced diagnostic tools for chronic diseases, such as cancer are the key factors driving the market growth.
Digital Pathology Market is valued at USD 4573.5 Million in 2018 and expected to reach USD 6392.6 Million by 2025 with the CAGR of 4.9% over the forecast period.
Digital pathology means sharing and interpretation of information environment which is based on images and it is enabled by computer technology that allows for the management of information which is generated from a digital slide. It is enabled in part by virtual microscopy which is the process of converting glass slides into digital slides that can be viewed, managed, shared and analyzed on a computer monitor. Digital pathology is considered as an emerging technology, which aids in improvisation of various applications such as diagnosis of the diseases, drug discovery, academics and research. It involves the use of digital tools and solutions for automation of pathology processes and lab testing. Growing prevalence of cancer and chronic diseases, increasing demand for rapid pathological tests and automation of healthcare system are some of the major factors that driving the growth of global digital pathology market. Digital pathology conveniently improves efficiency of workflow and deliver faster and accurate test results as compared to the other traditional methods.
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Global Digital Pathology Market report is segmented on the basis of product, type, end-user and region & country level. Based upon product, global digital pathology market is segmented into whole slide imagining, information management system storage and communication, digital IVD device, image analysis informatics and others. Based on type, the digital pathology market is segmented into automated hematology analyzers & blood cell counters, immunohistochemistry image analysis applications, digital cytopathology, digital holographic microscopy, chromosome analyzers, fish enumeration systems, digital PCR, urine sediment analyzers and signet cell detection. Based on end-user, the digital pathology market is segmented into pharma & biotech companies, educational and clinical.
The regions covered in this Global Digital Pathology Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of digital pathology is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc
Key Players for Digital Pathology Market Report-
Danaher Corporation, Nikon Corporation, PerkinElmer, Inc., Ventana Medical Systems, 3DHISTECH, HCL Technologies, Pathology Devices, Inc., Pixcelldata Ltd., Hamamatsu Photonics K.K., Indica Labs, Inc., Koninklijke Philips N.V., and Visiopharm A/S., Leica Biosystems, Biogeniux, OptraSCAN, Pathcore, Digipath Inc., Glencoe Software, Inc., Sectrae and others.
Inova Invested in Digital Pathology Software in Company Deciphex
May 20th, 2019, Inova personalized health Accelerator (IPHA) announced that, it invested in Deciphex company. A company developed digital pathology applications for clinical and toxilogic pathology. These application triage high volume, low complexity samples. It allowed pathologist to focus on the more difficult, critical content of pathology images. Director of Inova personalized health Accelerator Mike Thoamas stated that Deciphex has a strong management team with an innovative solution. IPHA intends to leverage Inova’s expertise in pathology to further propel Deciphex into a global leadership position in the AI digital pathology market. Recently, the company launched its first product for preclinical pathology, Patholytix Preclinical, which is already in use with some of the world’s leading Pharma and CROs. Patholytix Preclinicial is specially designed to accelerate the evaluation of drug safety, streamlining the interaction between distributed pharma sites and external collaborators while also accelerating the review of digital pathology specimens.
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Increasing Technological Advancements in the Field of Digital Pathology Systems is the Major Factor Driving the Market Growth.
Major factors driving the growth of digital pathology market are increasing technological advancements in the field of digital imaging, computerization, robotic light microscopy, and multiple fiber optic communications are also contributing to the growth. In addition, increasing prevalence of cancer, and growing government initiatives are also supplementing the market growth. Furthermore, Growing awareness regarding the benefits of the use of digital pathology is also expected to foster the growth of digital pathology market within the forecast period. However, high cost of the systems may hamper the market growth. In spite of that, increasing adoption of telepathology globally can provide numerous opportunities for the further growth of the market.
North America is Expected to Dominate the Global Digital Pathology Market.
Geographically, the report shows the opportunities available in the global digital pathology market in the regions of North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. North America is expected to capture the largest share of this market within the forecast period owing to the shortage of pathologists, rise in awareness about healthcare IT applications, and easy usage of the systems in this region. Europe is expected to account for the second-largest share of the global digital pathology market over the forecast period. The market in Asia Pacific is also anticipated to expand rapidly with high CAGR more during the forecast period due to the rise in prevalence of cancer and government initiatives in this region.
Key Benefits for Digital Pathology Market Report–
- Global market report covers in depth historical and forecast analysis.
- Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global market report helps to identify opportunities in market place.
- Global market report covers extensive analysis of emerging trends and competitive landscape.
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Digital Pathology Market Segmentation: –
- Whole Slide Imagining
- Information Management System Storage and Communication
- Digital IVD Device
- Image Analysis Informatics
- Automated Hematology Analyzers & Blood Cell Counters
- Immunohistochemistry Image Analysis Applications
- Digital Cytopathology
- Digital Holographic Microscopy
- Chromosome Analyzers
- Fish Enumeration Systems
- Digital PCR
- Urine Sediment Analyzers
- Signet Cell Detection
By End- User:
- Pharma & Biotech Companies
By Regional & Country Analysis:
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa
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