Global Digital Pathology Market to grow with Increasing Application Scope in Diagnostics & Drug Development
The report by Decisiondatabases.com "Global Digital Pathology Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast" explores the market opportunities and threats along with the analyses of the market size, growth trends and forecasts. Digital pathology is a broad application of digital technologies for pathological practice and research. The report on digital pathology market anticipates a double digit growth under the study period.
Over the past few years, digital pathology has helped a large number of pathologists and laboratory managers to interpretate and manage pathological information with the help of digitized specimens. Rising adoption of this technology for efficient lab management and increasing application scope of digital pathology in diagnostics & drug development has driven the market demand for digital pathology. Digital pathology has also offered an ease in consultation amongst the pathologists, which is expected to fuel market demand over the coming years. Favorable government initiatives along with increasing research projects in order to establish the effectiveness of digital pathology system will further aid to its market growth in the near future. Rising prevalence of cancer and rising popularity of tele-consultations will have a positive impact on the digital pathology industry growth. However, the high cost of these systems, stringent regulatory concerns, lack in standard guidelines and less inclination among pathologists to accept advanced technologies are major challenges, which may restrict the market growth under the study period.
The global digital pathology market has been segmented based on product into scanner, software, storage system, and communication system. The scanner segment is a leading product segment and is expected to grow at the highest CAGR over the forecast period owing to the rising adoption of digital pathology systems across the globe. The digital pathology market has been further segmented based on types into human pathology, and animal pathology. The human pathology segment is a major types segment and is estimated to show a steady growth rate over the next few years due to increasing application of digital pathology for chronic disorder diagnosis coupled with increasing technological innovations in human pathology diagnostics system. Furthermore, the global digital pathology market has been segmented based on applications and end-user.
North America is a major market for digital pathology and is anticipated to continue its dominance over the coming years owing to the rising prevalence of cancer along with growing demand for efficient diagnostics system and favorable medical reimbursement policy in the region. Asia-Pacific is estimated to grow at the fastest rate over the forecast period due to rising population base, the presence of supportive healthcare initiatives and the increasing popularity of advanced diagnostic technology, particularly in the China, Japan, and India.
The players which play a major role in the industry include Leica Biosystems Nussloch GMBH, Ventana Medical Systems, Inc., Hamamatsu Photonics K.K., 3dhistech Ltd., Philips Healthcare, Apollo Enterprise Imaging Corp. Xifin, Inc., Definiens AG, Visiopharm A/S, Omnyx, LLC, and Corista LLC.
In July 2016, Pathcore, a digital pathology company has announced the launch of an advanced web management platform, Pathcore Web, for research teams.
In may 2016, Optra Systems Launched a Subscription-Based affordable Digital Pathology Solution, to simplify their workflow.
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