The digital pathology market size in the Asia Pacific region is forecasted to grow USD 125.24 million by 2026 from USD 73.89 million in 2021, growing at a CAGR of 11.13% from 2021 to 2026.
Artificial intelligence in digital pathology can transform the patient experience with equipment and apps that provide access to electronic health records, radiology images, and other information, allowing patients to actively participate in the treatment process, which is expected to drive demand for APAC digital pathology market over the forecast period. Unhealthy diet, cigarette smoking, binge drinking, and inadequate physical activity are among the primary noncommunicable illnesses caused by modifiable behavioral risk factors; demographic factors such as urbanization, population aging, and the need for higher-quality healthcare all contribute to the market's growth.
Lockdowns and social distance restrictions have been implemented as a result of the COVID-19 pandemic. Such restrictions have boosted demand for digital pathology systems, which allow pathologists to see diagnostic results remotely for primary diagnosis. The desire for quicker diagnostic tools for chronic diseases like cancer and an increased focus on increasing workflow efficiency have been significant drivers to the APAC digital pathology market.
Countries' authority allows medical device firms to pursue various marketing strategies and provides several options for product segmentation. As a result, the digital pathology market in Asia-Pacific is projected to expand in the near future. Computer-aided diagnosis, which combines image processing, physics, mathematics, and computing algorithms, aids in disease identification and evaluation of anatomic structures of interest and disease progression quantification and risk assessment. In the near future, these advantages are expected to fuel demand for digital pathology systems. The growing incidence of chronic diseases is expected to increase clinical urgency to adopt digital pathology to improve existing inadequate patient diagnostic imaging measures and lower high costs associated with traditional diagnostic imaging.
The major hospitals with substantial capital budgets may purchase these technologies; pathologists and academic institutes with limited resources or IT support sometimes cannot. The high cost of these systems is likely to restrict their adoption. Lack of trained personnel, limited adoption due to the availability of traditional pathology, technophobic pathologists' mentalities, image storage concerns due to large data, reimbursement issues, and a limited clinical test menu are all challenges to digital pathology's adoption in this region.
This research report on the APAC digital pathology market has been segmented and sub-segmented into the following categories:
By Type:
By Product:
By Application:
By End User:
By Country:
Geographically, the digital pathology market in the APAC region is consolidating, as players in the industry are entering into partnerships, mergers, and acquisitions, and well-planned distribution strategies to capitalize on the overall opportunities present in untapped markets.
Due to rising healthcare expenditure, the need for efficient and cost-effective equipment, and growth in healthcare infrastructure, the Asia-Pacific region is anticipated to grow rapidly in the digital pathology market. As the region's population grows, so will the demand for healthcare systems, which will benefit Asia-Pacific digital pathology. The unfilled need of healthcare systems will provide an opportunity for the implementation of digital healthcare applications and electronic health records (EHR). Furthermore, the APAC eHealth market is evolving due to the growing trend of telehealth and mobile health. Because of the rising prevalence of cancer, which affects a huge population, the Asia Pacific healthcare industry has had a significant impact on the market. Additionally, a rising desire for innovative treatment alternatives, improved patient care facilities, and lower laboratory costs are likely fuel demand.
Although digital pathology is still in its nascent in Indonesia, it is projected to develop rapidly and offer the largest opportunity as clinical laboratories undergo significant transformations in their use of high-tech and automation. Furthermore, hospitals and clinical laboratories are motivated to adopt digital pathology systems to provide a seamless treatment pathway and exhibit high throughput capacity and efficiency.
KEY MARKET PLAYERS:
Companies such as Perkin Elmer, Inc., Definiens AG, Sectra AB, Koninklijke Philips N.V, GE Healthcare, Inspirata Co., Ventana Medical Systems, Inc., Leica Biosystems, 3D-Histech Ltd, Hamamatsu Photonics K.K., Digipath Co., ZEISS, Olympus Corporation, Yokogawa Electronics Corporation and Quorum Technologies Inc. are playing a promising role in the APAC Digital Pathology Market.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5.1 By Type
5.1.1 Human Digital Pathology
5.1.2 Animal Digital Pathology
5.2 By Product
5.2.1 Scanners
5.2.2 Software
5.2.3 Communication Systems
5.2.4 Storage Systems
5.3 By Application
5.3.1 Teleconsultation
5.3.2 Disease Diagnosis
5.3.3 Drug Discovery
5.3.4 Training and Education
5.4 By End User
5.4.1 Pharmaceutical Companies
5.4.2 Hospitals
5.4.3 Academic Institutes
6.3 Asia-Pacific
6.1 Introduction
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.1. Perkin Elmer, Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2. Definiens AG
8.3. Sectra AB
8.4. Koninklijke Philips N.V
8.5. GE Healthcare
8.6. Inspirata Co.
8.7. Ventana Medical Systems, Inc.
8.8. Leica Biosystems
8.9. 3D-Histech Ltd
8.10. Hamamatsu Photonics, K.K.
8.11. Digipath Co.
8.12. ZEISS
8.13. Olympus Corporation
8.14. Yokogawa Electronic Corporation
8.15. Quorum Technologies Inc.
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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