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Copyright © Research Nester Pvt. Ltd. www.researchnester.com Global Digital Pathology Market Outlook: Industry Insights & Opportunity Evaluation, 2016-2023

Global digital pathology market

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Page 1: Global digital pathology market

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Global Digital Pathology Market Outlook:

Industry Insights & Opportunity Evaluation,

2016-2023

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Global Digital Pathology Market Final

Deliverable Table of Content

Global Digital Pathology Market Overview

The digital pathology market is predicted to be one of the fastest growing markets across the globe. The successive implementation of IT in healthcare sectors is the dynamic factor for digital pathology industry. The demand for digital pathology equipment is growing across the globe owing to rise in multi-specialty hospitals and set-up of isolated pathology laboratories equipped with high end technology. Further, rise in aging population and growing prevalence of cardiac and cardiovascular diseases among the population further increases the diagnosis demand in order to take preventive measures.

Technological advancements in pathology sector and digitalization of pathology will shift the conventional pathology to a cutting-edge level of diagnosis. Characteristics such as time savings and precise diagnosis are some of the key elements for the growth of digital pathology market.

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Market size and forecast

The global digital pathology market is predicted to expand significantly at a CAGR of 11.85% over the forecast period i.e. 2016-2023. Moreover, the market of digital pathology is expected to reach USD 726.2 Million by 2023.

The demand for whole side imaging product segment is predicted to witness a significant growth in near future, owing to cost-effectiveness and high accuracy of the product. The whole side imaging segment is expected to register a CAGR of 14.8% over the forecast period. North America accounted for the largest market share in 2015 in the revenue of digital pathology market globally. The market of North America region is expected to continue its dominance over the forecast period i.e. 2016-2023 owing to rising demand for eminence diagnostics and introduction of effective re-imbursement policies across the region.

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On the other hand, Asia-Pacific is expected to be the second largest share contributor across the globe in the market of digital pathology due to presence of emerging nations such as India, China, etc., rise in GDP growth and increase in healthcare expenditure in order to minimize the burden of diseases by early diagnosis. In addition to this, the market is further predicted to register a CAGR of 15.2% over the forecast period i.e. 2016-2023. Moreover, intensification of researches for development of effective and affordable drugs, digital pathology technology is taking a step ahead in the diagnosis and research sectors. Apart from this, automation of pathology test reduces time and cost and caters precise outputs, thus gaining trust of physicians and consumers across the globe.

Market Segmentation

Our in-depth analysis segmented the global digital pathology market in the following segments:

Global Digital Pathology Market Segmentation Analysis :

By Technology

Whole Slide Imaging

Image Analysis - Informatics

Information Management System Storage & Communication

Tele-pathology

Static

Dynamic

By Product

Scanner

Bright Field Scanner

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Fluorescence Scanner

Software

Image Analysis Platform

On-premises Delivery

Cloud-based Delivery

Digital Pathology Information Systems

On-premises Delivery

Cloud-based Delivery

Services

Installation and Integration

Maintenance Services

Consulting Services

By Application

Tele-consultation

Disease Diagnosis

Drug Discovery

Education and Training

By Pathology Screening Services

Hematology

Chemical Pathology

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Histopathology

Medical Microbiology

By End-User

Hospitals

Nursing Homes

Diagnostic Laboratories

Private Laboratories

Research Centers

By Region

Global Digital Pathology Market is further classified on the basis of region as follows:

North America (U.S., Canada) Market Size and Y-O-Y Growth Analysis

Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis

Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis

Asia-Pacific (China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia) Market Size and Y-O-Y Growth Analysis

Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis

Rest of World Market Size and Y-O-Y Growth Analysis

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Growth Drivers and challenges

Rise in aging population coupled with higher risk of cardiac diseases, and chronic diseases owing to consumption of unhealthy food and increasing gross disposable income in urban cities are some of the major driving factors responsible for the growth of digital pathology market over the forecast period i.e. 2016-2023.

Factors such as ease of passage of slides virtually; well-organized analysis of digital slides, high accuracy and precision, efficient cost of digital pathology products are predicted to foster the demand for digital pathology across the globe. In addition to this, adoption of digital pathology in research institutes in order to develop effective drugs for better care of patients and availability of features such as management and storage of analyzed data for further studies are likely to spur the demand of digital pathology in educational and training institutes in near future.

Apart from this, introduction digital pathology integrated with cloud technology in order to improve connectivity and effectiveness, whole side image technology which enables 3D diagnosis and images, reduction of human error, rising awareness towards diagnosis and increasing health expenditure are some of the elements which is expected to bolster the market growth of digital pathology over the forecast period.

However, high cost of digital pathology products which in results increase the cost of diagnosis tests as compared to conventional pathology tests, requirement of periodic calibration of pathology equipment, lack of skilled healthcare professional to operate digital pathology equipment and presence of stringent regulations are some of the factors which is curbing the growth of digital pathology market across the globe.

Key Players

The key players of digital pathology market are as follows:

Page 12: Global digital pathology market

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GE Healthcare

Company Overview

Key Product Offerings

Business Strategy

SWOT Analysis

Financials

3D-Histech Ltd.

Olympus Corporation

Leica Biosystems

Philips Healthcare

Inspirata Co.

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The Global Digital Pathology Market is segmented as follows:

By Technology type Market Size and Y-O-Y Growth Analysis

By Product type Market Size and Y-O-Y Growth Analysis

By Application type Size Market Size and Y-O-Y Growth Analysis

By Screening Services Size Market Size and Y-O-Y Growth Analysis

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By End-user Market Size and Y-O-Y Growth Analysis

By Regions

North America (U.S., Canada) Market Size and Y-O-Y Growth Analysis

Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis

Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis

Asia-Pacific (China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia) Market Size and Y-O-Y Growth Analysis

Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis

Rest of World Market Size and Y-O-Y Growth Analysis

Market Dynamics

Supply and Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

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demand-analysis-opportunity-outlook-2023/176