New York, NY, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Digital Pathology Market by Product Type (Software, Scanners, Storage Systems, and Communication Systems), by Technology (Whole Slide Imaging, Storage, Communication and Integrated Platforms, and Image Analysis-Informatics), by Application (Drug Discovery, Teleconsultation, Training and Education, and Disease Diagnosis), and by End-User (Biotechnology & Pharmaceutical Companies, Research & Academic Institutes, Hospitals and Reference Laboratories, and Contract Research Organizations): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024”. According to the report, global digital pathology market was valued at approximately USD 430 million in 2017 and is expected to generate a revenue of around USD 980 million by end of 2024, growing at a CAGR of around 12% between 2018 and 2024.
An image-based digital information set in accordance with computer technology which allows organizing the generated information through a digital slide is known as digital pathology. The field of digital pathology and assessment of digital whole slide images is growing tremendously in the last few years. The digital pathology helps to view, manage, share, and analyze the sample by converting the glass slide of the virtual microscope into digital slides on a computer. The advancement in diagnostics techniques such as whole slide imaging is expected to propel the growth of the digital pathology market. Digital pathology is one of the most promising diagnostics tools for economical and faster diagnosis, prediction, and prognosis of chronic diseases; hence it is expected to propel the growth of the global digital pathology market.
Browse through 95 Tables & 29 Figures spread over 120 Pages and in-depth TOC on “Global Digital Pathology Market Size, Share 2017: Industry Trends, Growth Analysis and Forecast to 2024”.
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The global digital pathology market is segmented in terms of product type, applications, technology, end user, and geography. Based on product type, the digital pathology market is segmented into software, scanners, storage systems, and communication systems. The software segment is anticipated to register high CAGR during the forecast period. The advanced functions for diagnosis of disease and user-friendly nature of software are the key factors contributing towards the high growth of software segment in the global digital pathology market.
On the basis of technology, the digital pathology market is segmented as whole slide imaging, storage, communication and integrated platforms, and image analysis-informatics. The image analysis information segment accounted for the highest share in the global digital pathology market. The capacity of image analysis informatics to analyze a large number of images is fueling the growth of segment in the global market. Moreover, it compares data of an image with other data for enhanced results and also helps in decision making by analyzing difficult structure & features of the provided samples.
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Based on the application, the digital pathology market is segmented into drug discovery, teleconsultation, training and education, and disease diagnosis. The teleconsultation segment accounted for the highest share in the global digital pathology market. Growing demand for teleconsultation for fast and quality diagnosis is anticipated to propel the growth of the segment in the coming years.
On the basis of the end user, the digital pathology market is segmented as biotechnology & pharmaceutical companies, research & academic institutes, hospitals and reference laboratories, and contract research organizations. The biotechnology & pharmaceutical companies segment accounted for the highest share in the global digital pathology market. Growing research and development in the pharmaceutical and biotechnology companies and rising mergers and acquisition among the key players are expected to propel the growth of segment in the global digital pathology market.
Browse the full "Digital Pathology Market by Product Type (Software, Scanners, Storage Systems, and Communication Systems), by Technology (Whole Slide Imaging, Storage, Communication and Integrated Platforms, and Image Analysis-Informatics), by Application (Drug Discovery, Teleconsultation, Training and Education, and Disease Diagnosis), and by End-User (Biotechnology & Pharmaceutical Companies, Research & Academic Institutes, Hospitals and Reference Laboratories, and Contract Research Organizations): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024" report at https://www.zionmarketresearch.com/report/digital-pathology-market
North America accounted for the highest share in the global digital pathology market in 2017. The strong presence of key players operating in digital pathology market, high adoption of technically advanced products, and high awareness about digital technology are the key factors contributing towards the increasing share of digital pathology market in North America. Followed by North America, Europe also accounted for a good share of the digital pathology market. The availability of advanced diagnostic tools and easy affordability in Europe are considerably contributing towards the growth of the market in the region.
Asia Pacific is expected to grow at the highest CAGR in the global digital pathology market. The growing accessibility and availability of healthcare facilities, increasing research and development expenditure, and rising prevalence of life-threatening diseases is expected to boost the growth of the digital pathology market in the forecast period. Moreover, increasing demand for improved patient management, especially in countries such as Japan, China, and India, is expected to fuel the growth of the global digital pathology market in the coming years. The rising awareness of digitalization in pathology is also expected to propel the growth of the market in the emerging countries. For instance, on 8th and 9th May 2018, the Digital Pathology Congress: Asia, had organized the conference with supporting partner, Japanese Telemedicine and Telecare Association and Japanese Society Of Digital Pathology on delivering healthcare using digital pathology and AI for improved patient management. The growing number of conferences and rising demand for advanced diagnostic technology in the Asia Pacific is expected to propel the growth of the digital pathology market in the forecast period.
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The Latin America and the Middle East and Africa hold the least growth rate in the global digital pathology market owing to low awareness about advanced products and the high cost of products. Thus, all the aforementioned parameters are expected to propel the market growth globally.
Some of the key players in digital pathology market include Hamamatsu Photonics K.K., 3DHISTECH Ltd., Leica Biosystems Nussloch GmbH, Koninklijke Philips N.V., XIFIN, Inc., Huron Digital Pathology Inc., Objective Pathology Services., Visiopharm, Corista., Indica Labs, Ventana Medical Systems, Inc., Pixcelldata Ltd., Nikon Corporation, and Apollo Enterprise Imaging. Major players are frequently engaged in mergers & acquisitions to retain their market share and diversify their product portfolio.
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This report segments the global digital pathology market as follows:
Global Digital Pathology Market: Product Type Segment Analysis
- Software
- Scanners
- Storage Systems
- Communication Systems
Global Digital Pathology Market: Technology Segment Analysis
- Whole Slide Imaging
- Storage, Communication and Integrated Platforms
- Image Analysis-Informatics
Global Digital Pathology Market: Application Segment Analysis
- Drug Discovery
- Teleconsultation
- Training and Education
- Disease Diagnosis
Global Digital Pathology Market: End-User Segment Analysis
- Biotechnology & Pharmaceutical Companies
- Research & Academic Institutes
- Hospitals and Reference Laboratories
- Contract Research Organizations
Global Digital Pathology Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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