Digital Pathology Market to Grow at 11.9% CAGR by 2030
Efficient cost of digital pathology products, ease of virtual transportation of slides, and high efficiency of digital pathology systems are the major factors driving the growth of the global digital pathology market.
The Digital Pathology market is expected to grow at a CAGR of 11.9 % from 2020-2030, according to a new research report by Next Move Strategy Consulting.
Digital pathology, also known as digital imaging, is a computer enabled technology that allows management of imaging information generated through digital slides. Increased growth of the digital pathology market is fuelled by factors like ease of operation, cost effective scanners and growing popularity. Also, digital imaging has numerous advantages over conventional ways of scanning such as high-resolution imaging and online storage of sample slides. However, lack of reimbursement policies coupled with high costs and unwillingness of older pathologists to switch to newer diagnostic tools are factors expected to restrict the market growth during the forecast period.
Based on product, the digital pathology market share is segmented into scanner, software & storage and communication system. Based on application, the market is segmented into teleconsultation, disease diagnosis, drug discovery and training and education. Based on end user, the market has been segmented into educational, clinical and pharma and biotech companies. Based on geographical analysis, the market is segmented into North America, Europe, Asia Pacific and RoW.
At present, due to higher adoption of digital pathology along with presence of major market players, the North America region possesses the lion share in the digital pathology market. However, Asia Pacific is expected to show exponential growth within the forecast period owing to the factors such as improved health care infrastructure and increasing adoption of advanced imaging modalities in this region.
According to the report, some the key players in the market are Danaher Corporation, 3Dhistech Limited, Glencoe software, Hamamatsu Photonics KK, Indica labs Inc., Koninklijke Phillips NV, Nikon Corporation, PerkinElmer Inc., Roche, Visiopharm A/S and more.
Browse key industry insight from the report, “Digital Pathology Market by Product (Scanners, Software, and Storage & Communication Systems), Application (Teleconsultation, Disease Diagnosis, Drug Discovery, and Training & Education), and End User (Educational, Clinical, and Pharma & Biotech Companies): Global Opportunity Analysis and Industry Forecast, 2020–2030”
Key Insights from the Digital Pathology Market Report:
- Current emerging trends and opportunities are extensively analysed in the digital pathology market report.
- The forecast of the digital pathology market comes along with additional information associated with opportunities, restrains and key drivers in the market.
The report Digital Pathology Market – is segmented by product, application, end user and geography.
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