The Global Digital Pathology Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Digital Pathology Market is estimated to be $334 USD million in 2015 and predicted to rise to $576.8 USD million by 2020 with a CAGR of 11.54%. The market is segmented by Type (Human Digital Pathology, Animal Digital Pathology), By Product (Scanners, Software, Communication Systems, Storage Systems), by Application (Teleconsultation, Diseases Diagnosis, Drug Discovery, Training and Education) and by End User (Pharmaceutical Companies, Hospitals, Academic Institutions). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Increasing no. of cancer cases, growing presence of tele-consultations, high efficacy of digital pathology systems with increased adoption rate and more initiatives undertook by government as well as private companies are helping the cause of the digital pathology market. On the other hand, barriers such as strict regulatory concerns for primary diagnosis, lack of standard guidelines for digital pathology, nonexistence of reimbursement and deficiency in skilled personnel are some of the major factors that are constraining the market in all likelihood. However, 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 high cost of installing new technology or building new infrastructure.
The global Digital Pathology market is segmented into various categories like by Type, by Application and by End user as explained earlier. Out of all the categories, scanners segment accounts for the largest market share in 2015, while software segment is surely catching up to it growing rapidly on par with the technological innovations. On the other hand, based on geography, while North America accounts for the largest share of the global digital pathology market, closely followed by Europe, the development is concentrated around the region of Asia-Pacific.
Some of the key players operating in the market include 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 Electronic Corporation and Quorum Technologies Inc.
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