Digital Pathology Market By Products (Whole Slide Imaging, Image Analysis- Informatics, Information Management System Storage and Communication, Information Management System Storage and Communication), Industry Trends, Estimation & Forecast, 2016 - 2024

September 2017

 Pages: 157

 ERC 9790

Digital Pathology Market was valued at $390.7 million in 2016, and is projected to reach $1.33 billion by 2024, growing at a CAGR of 16.6% from 2017 to 2024. In 2016, the Whole slide imaging segment held the highest revenue share in the global digital pathology market.

The global digital pathology market is anticipated to witness an impressive growth due to the enhancements in whole-slide imaging technique. Healthcare experts can observe the pathological specimens that are stain fixed on the glass slides and interpret the results in order to achieve qualitative and quantitative diagnosis. Digital pathology has simplified the process of diagnosis and transformed the laboratory managing approaches. It has aided in significantly reducing the lab costs and enhancing the efficiency & interconnectivity of workflow. It has a vast range of applications in sectors such as education, health, research organizations, and pharmaceuticals. The market offers humongous opportunities, owing to the surge in the adoption of digital pathology by huge pool of hospitals and healthcare centres. The involvement of government agencies in the healthcare sector is fueling the growth of Asia-Pacific market. In Asia, the Ministries of Health is promoting the benefits of digital pathology in cancer diagnosis, at its full swing.

Digital Pathology Market Determinants

The global digital pathology market is mainly driven by the rising importance of digital pathology in cancer diagnosis. In addition, the technology is of utmost importance in the remote areas, where diagnosis of diseases is not feasible by the conventional methods. However, reluctance in the adoption of the technology and insufficient infrastructure facilities are anticipated to hinder the market growth. On the other hand, the rising awareness regarding the importance of digital pathology and government initiatives are expected to offer lucrative opportunities to the market players and have a positive impact on the global digital pathology market size during the forecast period.

Digital Pathology Market Determinants- Impact Analysis, 2016 Vs. 2024



Market Segmentation

Global digital pathology market is segmented on the basis of product, end user, and region. By product, the market is further segmented into whole slide imaging, image analysis- informatics, information management system storage and communication, and others. By end user the market is categorized as educational institutes, hospitals & diagnostic centers, and pharmaceuticals & biotechnology companies. Geographically, digital pathology market is segmented as North America, Europe, APAC, and ROW. North America garners the largest market share and is expected to grow at a steady CAGR of 13.5% from 2017 to 2024.

North America Digital Pathology Market, By Country, 2016-2024

 



Some major market players are Danaher Corporation, Digipath Inc., Glencoe Software Inc., Hamamatsu Photonics K.K., Indica Labs Inc., Koninklijke Philips N.V., Nikon Corporation, PerkinElmer, Inc., Pixcelldata Ltd. and Visiopharm A/S. Pathcore and Visiopharm recently announced their partnership to provide enhanced workflow software solutions for quantitative analysis and management of digital pathology images. By borrowing the strengths of Visiopharm, a global industry leader of digital pathology solutions including quantitative image analysis, and Pathcore, a web-based digital pathology software provider, the partnership brings together a broader offering of image analysis and management tools that increase productivity, collaboration and reporting capabilities.

DIGITAL PATHOLOGY MARKET SEGMENTATION

By Products
   • Whole Slide Imaging
   • Image Analysis- Informatics
   • Information Management System Storage and Communication
   • Others

By End User
   • Educational Institutes
   • Hospitals & Diagnostic Centers
   • Pharmaceuticals and Biotechnology Companies

By Geography
   • North America
            • U.S
           • Canada
           • Mexico

   • Europe
           • U.K
           • Germany
           • Spain
           • Italy
           • France
           • Russia
           • Others

   • Asia-Pacific
           • India
           • China
           • Japan
           • Australia
           • Taiwan
           • South Korea
           • Others

   • Rest of the World
           • Brazil
           • Turkey
           • Venezuela
           • Saudi Arabia
           • Colombia
           • Argentina
           • Others

DIGITAL PATHOLOGY MARKET KEY PLAYERS

   • Danaher Corporation
   • Digipath Inc.
   • Glencoe Software Inc.
   • Hamamatsu Photonics K.K.
   • Indica Labs Inc.
   • Koninklijke Philips N.V.
   • Nikon Corporation
   • PerkinElmer, Inc.
   • Pixcelldata Ltd.
   • Visiopharm A/S

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    What Information does this report contain?

    • What was the market size of the Digital Pathology Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Digital Pathology Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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