Digital Pathology Market – Global Industry Size, Share, Analysis, Trend & Forecast 2018

Global Digital Pathology Market

Market Overview

Digital pathology can also be referred as virtual microscopy, comprises of the acquisition, management, sharing and interpretation of pathology information containing slides and data in a digital environment. Digital slides are fabricated when glass slides are captured with a scanning device, to provide a high-resolution digital image that can be visualized on a computer screen or mobile device. Rapid rise in digital pathology imaging solutions has totally transformed management and interpretation of glass slides, with analysis and interpretation of histological images conducted on a computer screen in the laboratory.

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Recently, Philips expands its digital pathology solutions portfolio with the acquisition of PathXL and PathXL software is about to provide UPMC with an end to end solution for institution wide digital pathology education program. Similarly, Indica labs offer slide scanning and consultative image analysis services and it is the first company to offer tissue specific and application specific image analysis algorithms in a truly integrated digital pathology environment and Visiopharm, in collaboration with LRI Imaging and Inter Instrument A, collaborate to deploy the digital pathology systems throughout Scandinavia.

In Indonesia, digital pathology is at nascent stage though but expected to witness a tremendous growth and represents the largest opportunity, as clinical labs are undergoing radical changes in adopting high-tech and automation. Furthermore, to ensure seamless care pathway and the need to demonstrate high throughput capacity and increase efficiency motivates hospitals and clinical labs to adopt digital pathology solutions.

Market Segmentation

By Product
Whole Slide Imaging
Image Analysis-Informatics
Information Management System Storage & Communication
Others

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By Application
Academic Research
Disease Diagnosis
Secondary Consultations
Telepathology
By End-User
Pharma & Biotech Companies
Hospital & Diagnostic Centers
Educational Institutes
Contract Research Organizations

By Geography

North America US, Canada {Market Share % , Market Size USD Billion , Adoption Rate % }
Europe UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe {Market Share % , Market Size USD Billion , Adoption Rate % }
Middle East and Africa GCC Countries, North Africa, South Africa and Rest of Middle East & Africa {Market Share % , Market Size USD Billion , Adoption Rate % }
Latin America Brazil, Mexico and Rest of Latin America {Market Share % , Market Size USD Billion , Adoption Rate % }
Asia Pacific China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific {Market Share % , Market Size USD Billion , Adoption Rate % }
Rest of the World {Market Share % , Market Size USD Billion , Adoption Rate % }
Growth Drivers and Challenges

With the advent of digital pathology come the remote conferencing, metadata and images, improved analysis, archival and integration with LIS library and information science that transformed the technology towards ePathology. It accredit the pathologist to engage, evaluate, and collaborate rapidly and remotely, with transparency and consistency, thus improving efficiency and productivity of the pathology, along with enhancing the future of digital pathology that eventually could encompass enhanced translational research, computer aided diagnosis CAD and personalized medicine.

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Nevertheless, challenges like cost ineffectiveness, lack of trained personnel, limited adoption due to the availability of traditional pathology, mindset of technophobic pathologists, image storage concern due to large data, LIS integration concerns, reimbursement issues and limited clinical test menu curtail the penetration of digital pathology.

Market Size and Forecast 2016-2024

According to Goldstein Research, with wide ranging applications like health and pharmaceutical sectors, education and contract research organizations, realized benefits of this sophisticated technology have encourage high growth in the market for digital pathology, which is estimated to be worth USD 7.1 billion by 2024 at a CAGR of 16% over the forecast period.

On the basis of product type, whole slide imaging is the highest revenue-generating segment as it is the most preferred method used to produce digital slides by scanning the whole glass slide and is projected to grow at a CAGR of 13.65% over the forecast period while on the basis of end-user, hospitals & diagnostic lab along with pharma & biotech companies comprises the major share of global digital pathology market i.e. around 70%.

Regionally, North America dominates the digital pathology market closely followed by Europe while APAC would exhibit the highest CAGR of 25% over the forecast period owing to the developing role in companion diagnostics and drug development pipeline.

Key Market Players

Philips Healthcare
o Synopsis

o Business Strategy

o Product Portfolio

o SWOT Analysis

3DHISTECH
Danaher
OLYMPUS
F. Hoffmann-La Roche
Visiopharm
Indica Labs
Digipath Inc.
Hamamatsu Photonics K. K.
PerkinElmer Inc.
Nikon Corporation
PathXL
Pixcelldata Ltd.
Glencoe Software Inc.
Definiens AG
Inspirata
Leica Biosystems
Ventana Medical Systems, Inc.
Apollo Enterprise Imaging Corp.
Xifin, Inc.
Omnyx LLC
Corista LLC
Scope Background

Market Synopsis

Market Segmentation

Global Digital Pathology Market is segmented as follows:

By Product Market Size, Demand Analysis and Growth Analysis
By Application Market Size, Demand Analysis and Growth Analysis
By End User Market Size, Demand Analysis and Growth Analysis
Global Digital Pathology market report covered insights of below mentioned region:

North America U.S., Canada {Market Size, Growth Analysis and Opportunity Analysis}
Latin America Argentina, Mexico, Brazil and Rest of Latin America {Market Size, Growth Analysis and Opportunity Analysis}
Europe Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe {Market Size, Growth Analysis and Opportunity Analysis}
Asia-Pacific China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific {Market Size, Growth Analysis and Opportunity Analysis}
Middle East and North Africa MENA {Market Size, Growth Analysis and Opportunity Analysis}
Rest of World {Market Size, Growth Analysis and Opportunity Analysis}
Market Dynamics: Growth Drivers, Restraints and Opportunities

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