Overview:

The global digital pathology market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Digital pathology is an information system based on computer imaging technology that allows pathology management digitally including storage of digital slides online, sample scanning with high resolution technology, and others.

Market Dynamics:

Increasing number of patients suffering from various chronic diseases, high government spending on development of healthcare sector, along with rising demand for advanced diagnostic solutions are major factors expected to drive the growth of global market. In addition, major players approach towards development of advanced pathology solution that aid in patient treatment and provide benefits such as improved workflow efficiency and precession in results is another factor expected to further support the growth of target market.

However, factors such as high cost associated to pathology systems and lack of trained expertise are expected to hamper the growth of the global digital pathology market. In addition, lack of advanced infrastructure in developing economies is expected to further challenge growth of the target market.

Key Trends:

High investment by major players and adoption of AI in medical devices are key trends expected to support growth of the market. In addition, new product launches by players in order to increase the customer base is another trend witnessed in the market. For example, In 2019 OptraSCAN a leading end-to-end digital pathology solution provider launched OS-SiA, a new generation AI-enabled digital scanner product. The product is technologically advanced and automatically identifies area to SCAN and simultaneously analyzes the scanned tissue or cells.

Regional Analysis:

For detailed understanding of market dynamics, the global digital pathology market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America digital pathology market is expected to hold significant revenue share in the market due to availability of advanced healthcare system. High spending on development of advanced healthcare infrastructure by government is another factor expected to support growth of the target market in this region. The Europe holds second largest market share followed by the market in Asia Pacific region.

Scope of the Report:

Detailed Segmentation:

Global Digital Pathology Market, By Product Type:

• Software
• Device
• Storage System

Global Digital Pathology Market, By Application:

• Drug Discovery & Development
• Academic Research
• Disease Diagnosis
  • Cancer Cell Detection
  • Others

Global Digital Pathology Market, By End User:

• Hospitals
• Biotech & Pharmaceutical Companies
• Diagnostic Labs
• Academic & Research Institutes

Key Players Covered:

Key players operating in the digital pathology market includes, GE Healthcare, Omynx LLC, 3DHistech, Inc., Definiens, Olympus Corporation, Leica Biosystems, Philips Healthcare, Ventana Medical Systems, Inc., LigoLAb LLC, MicroSkan Technologies, Objective Pathology Services, and Hamamatsu Photonics, Inc.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Digital Pathology Market by product type, application, and end user, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global digital pathology market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.