“Global Digital Pathology Market Outlook: Industry Demand Analysis & Opportunity Assessment 2016-2023”
To achieve faster and better decision making, there is a huge demand for digital pathology from pathologists that has led to the burgeoned spending on healthcare IT infrastructure. The technological advancement in medical field has progressed in the digital pathology segment which is one of the most promising fields for diagnosis and prognosis of cancer along with other significant diseases. The digital pathology market accounted for USD 337.8 Million during 2016 and is anticipated to reach USD 726.2 Million by the end of 2023 by witnessing a CAGR of 11.6% during the forecast period.
The global digital pathology market is divided by application into tele-consultation, disease diagnosis, drug discovery, education & training and pathology screening, out of which, the disease diagnosis segment dominated the market in 2016 owing to various factors such as spiked penetration of health insurance services, hospitals & small clinics equipped with better technology & instruments. Followed by disease diagnosis segment, tele-consultation segment is estimated to expand with second largest market share by the end of forecast period. Further, the pathology screening services segment is predicted to grow with an absolute $ opportunity of USD 91.7 Million during 2016-2023.
Growing Need of Better Image Analysis to Escalate the Demand for Digital Pathology in Future
The global digital pathology market is thriving on the back of increased spending on research and development in healthcare and IT industry.
Growing Urbanization – Countries such as India, China, South Africa, Brazil and South Korea have undergone rapid urbanization over the past decade. This swift rise of urbanization and industrialization is expected to boost the technology platforms and services in healthcare industry.
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Advancement in Healthcare Technology – Ease to provide better services to patients through storing and dissemination of data when required is driving the demand for digital pathology across the globe.
Industry Players’ are Progressing towards Minimizing the Barriers faced by the Global Digital Pathology Market
According to Research Nester, there is a huge spending in installation, integration and maintenance services regarding digital pathology. Along with that, the lack of universally accepted file format for virtual slides and maintaining focus in an uneven sample is envisioned to hinder the growth of the global digital pathology market in near future.
The report titled “Global Digital Pathology Market Outlook: Industry Demand Analysis & Opportunity Assessment 2016-2023” delivers detailed overview of the global digital pathology market in terms of market segmentation by component type, by application, by end-user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global digital pathology market which includes company profiling of Leica Biosystems Nussloch GmbH, GE Healthcare, Ventana Medical Systems Inc., Hamamatsu Photonics K.K., Apollo Enterprise Imaging Corporation, Xifin Inc. and Definiens AG.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global digital pathology market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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