The Europe Digital Pathology Market size is estimated to grow to USD 8.3 billion by 2027 from USD 54.8 million in 2022, registering a 10% CAGR from 2022 to 2027.
Digital pathology is defined as an image-based information environment for managing, analyzing, and interpreting the information achieved from a digital slide. In short, the digitalization of conventional pathology labs is referred to as digital pathology. This technology has gained momentum in the medical and healthcare industry. The improvements it brings in several applications include drug discoveries and their development, multi-functionalities in instruments, diagnostic tests, and other research applications.
An increasing number of cancer cases, the growing presence of teleconsultations, the high efficacy of digital pathology systems with increased adoption rate, and more initiatives undertaken by the government and private companies are majorly driving the European digital pathology market growth.
According to the World Health Organization, in 2018, Europe accounted for around 23.4% of global cases in Europe, and deaths are 20.3%, which is estimated to favor the European digital pathology market. It can boost cancer diagnosis fast. U.S. Food & Drug Administration approves the first digital pathology platform. It led to the rapid expansion of pathology tools with the application of digital pathology medicine.
On the other hand, barriers such as strict regulatory concerns for primary diagnosis, lack of standard guidelines for digital pathology, the nonexistence of reimbursement, and deficiency in skilled personnel are significant factors that are constraining the market in all likelihood.
The mounting requirement for sophisticated healthcare facilities, which can be met through establishing digital pathology systems, would offer lucrative opportunities for the service providers in the future if they can overcome threats like the high cost of installing new technology or building new infrastructure.
This research report on the European digital pathology market has been segmented and sub-segmented into the following categories:
By End User:
Regionally, the European digital pathology market is expected to account for the second-largest share of the global digital pathology market during the forecast period. Primarily, the development is concentrated around western countries of the region where technological advancements can counter the temporary restraints resulting in a well-prospered market. Germany is the leading market in this geography, with a significant share in the forecast period.
The German digital pathology market is expected to play a leading role in the European market from 2022 to 2027. Germany is the third-largest market of healthcare devices worldwide. In Germany, there are particular guidelines of the professional Association of German Pathologists. It focuses on IT experts, Pathologists, and researchers about digital pathology to diagnosis. Germany owes digital pathology and conventional pathology treatments for market growth. The IBM Corporation provides network services for the absolute result. It identifies the disease's pattern & stores that information, and this information helps the researcher innovate the new drug in the market. In addition, the German government provides funding for healthcare policies to healthcare devices.
KEY MARKET PLAYERS:
A few of the prominent companies operating in the European digital pathology market profiled in this report are 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.
Inspirata, Inc. acquired the digital pathology company Omnyx. The company delivered the primary diagnosis in Canada & Europe. This digital pathology improves cancer diagnostic. Omnyx is a software company. It provides software to the pathology department around the world. Ibex Medical Analytics and Medipath engage the strategic partnership with the usage of artificial intelligence. The Medipath is the largest network of private pathology in France. It empowers the accurate diagnosis. Alverno Laboratories have fully implemented digital pathology in clinical laboratories. Alverno laboratories network will use Phillips Intellisite Pathology solution.
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: email@example.com