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Digital Pathology Market: Market Segments: By Product (Software, Scanner, Communication Systems, Storage Systems);
By Application (Disease Diagnosis, Teleconsultation, Drug Discovery, Training & Education); By End User (Pharmaceutical & Biotechnology Companies, Hospitals and Clinics, Academics Institutes & Research Laboratories); and Region - Global Analysis of Market Size, Share & Trends for 2014 - 2020 and Forecasts t- 2030
Product Overview
Digital pathology requires digital format management, sharing, acquisition, and interpretation of pathology content. With a scanning system that offers a high-resolution digital image, glass slides are scanned. On a computer or mobile device, this visual image is then displayed. Technologically advanced optical pathology scanners, which can capture high quality images of whole glass slides, are available on the market.
Market Highlights
Digital Pathology Market is expected t- project a notable CAGR of 13.5% in 2030.
Digital Pathology Market t- surpass USD 1,492 million by 2030 from USD 510 million in 2019 at a CAGR of 13.5% throughout the forecast period, i.e., 2020-30. The main factors driving the growth of the global digital pathology market are some of the primary factors, such as the efficient cost of digital pathology products, the ease of virtual transport of slides, and the high performance of digital pathology systems.
Digital Pathology Market: Segments
Diseases diagnosis segment t- grow with the highest CAGR of 12.3% during 2020-30
Digital Pathology Market is segmented
By Applications as drug discovery, teleconsultation, training & education, and diseases diagnosis. Based on application, the teleconsultation segment held the leading position with a market share of around XX.X% in the Digital Pathology market in 2019 as digital pathology is being widely utilized for consulting the geriatric population.
Digital Pathology Market: Market Dynamics
Drivers
Growing Number of Tele-consultations
Teleconsultation seeks t- omit the spatial and practical gaps between tw- or more providers of healthcare that are geographically isolated. It is characterized as remote telecommunications consultation, primarily for the diagnosis or treatment of a patient at locations that are distant from patients or primary doctors. Several hospitals, primary healthcare doctors, private medical practices, and other medical units are introducing teleconsultation facilities.
Restrain
High cost of digital pathology systems
The development of the digital pathology market is hindered by uncertain reimbursement policies, shortages of trained staff, and the reluctance of older pathologists t- embrace modern technologies. While these systems can be afforded by large hospitals with substantial capital budgets, pathologists and academic institutions with small budgets or IT support often cannot afford them.
Digital Pathology Market: Regions
Digital Pathology Market is segmented based on regional analysis int- five major regions. These include North America, Latin America, Europe, APAC and MENA.
Digital Pathology Market in North America held the largest market share of XX.X% in the year 2019 and it is expected t- continue its market dominance in the future owing t- the continuous implementation of R&D investments, supportive government policies related t- the production of technologically advanced technologies, increased use of digital imaging, and the participation of major players. The regional growth is expected t- be further fueled by increased use of digital pathology for disease diagnosis coupled with favorable reimbursement policies in the U.S., improving the efficiency of cancer diagnosis. Due t- the increasing penetration of digital imaging in emerging economies, investments in the medical sector, and the existence of untapped opportunities, Asia Pacific is expected t- grow at the fastest CAGR during the forecast period. Because of the increased prevalence of cancer, which affects a large population, the Asia Pacific healthcare industry has greatly affected the market. Increasing demand for new treatment options, improved care facilities for patients, and lower laboratory costs are als- expected t- further drive the demand in coming years.
Digital Pathology Market: Key Players
3DHistech Ltd
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
Hamamatsu Photonics KK
Danaher Corporation (Leica Biosystems Nussloch GmbH)
Mikroscan Technologies Inc.
Nikon Corporation
Olympus Corporation
Koninklijke Philips NV
F. Hoffmann-La Roche AG (Ventana Medical Systems Inc.)
Visiopharm AS
Proscia Inc.
Sectra AG
Digital Pathology Market report als- contains analysis on:
Digital Pathology Market Segments:
By Product:
Software
Scanner
Communication Systems
Storage Systems
By Application:
Disease Diagnosis
Teleconsultation
Drug Discovery
Training & Education
By End-User:
Pharmaceutical & Biotechnology Companies
Hospitals and Clinics
Academics Institutes & Research Laboratories
Digital Pathology Market Dynamics
Digital Pathology Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
FAQs on Digital Pathology Market
Which segment is anticipated t- hold the largest market share?
At what CAGR is the market anticipated t- grow between 2020 and 2030?
Wh- are the key players in the Digital Pathology Market?
What could be the challenging factors in the growth of Digital Pathology Market?
What are the growth drivers for the Digital Pathology Market?