The Global Digital Pathology Market is predicted to Expand with CAGR of around 11.6% by 2023

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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.

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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.

Research Nester is a one-stop service provider with a client base in more than 120 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives for their future investment while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds.

Contact for more Info:

Ajay Daniel

Email: ajay.daniel@researchnester.com

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Ajay Daniel

Research Nester is a leading service provider for strategic market research and consulting, serving clients from 120+ countries across the globe. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties. Through our robust, unbiased extensive primary and secondary research, we help organizations to understand current and future market trends, thus letting them making a prolonged yet dynamic financial investment. We never believe in working as a consultant for our clients but as a business partner, helping the business to grow with a positive wave. With our high level of in-depth industry knowledge and analysis, you always can rely upon us for current market estimation and respective future market forecast for every geographical region.

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