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Digital Pathology Systems - Global Market Trajectory & Analytics

  • ID: 2531223
  • Report
  • May 2021
  • Region: Global
  • 620 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • 3DHISTECH Ltd.
  • Corista LLC
  • Hamamatsu Photonics K.K.
  • Inspirata Inc
  • Olympus Corporation
  • Philips Healthcare

Global Digital Pathology Systems Market to Reach US$1.4 Billion by the Year 2027


Amid the COVID-19 crisis, the global market for Digital Pathology Systems estimated at US$573.9 Million in the year 2020, is projected to reach a revised size of US$1.4 Billion by 2027, growing at a CAGR of 13.9% over the analysis period 2020-2027.Device, one of the segments analyzed in the report, is projected to grow at a 13.8% CAGR to reach US$753.1 Million by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 14.6% CAGR for the next 7-year period. This segment currently accounts for a 29.2% share of the global Digital Pathology Systems market.




The U.S. Accounts for Over 42.1% of Global Market Size in 2020, While China is Forecast to Grow at a 15.1% CAGR for the Period of 2020-2027


The Digital Pathology Systems market in the U.S. is estimated at US$241.7 Million in the year 2020. The country currently accounts for a 42.12% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$114.2 Million in the year 2027 trailing a CAGR of 15.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.9% and 12.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.8% CAGR while Rest of European market (as defined in the study) will reach US$114.2 Million by the year 2027.


Other Segments Segment Corners a 17.8% Share in 2020


In the global Other Segments segment, USA, Canada, Japan, China and Europe will drive the 12.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$86.6 Million in the year 2020 will reach a projected size of US$200.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$68.5 Million by the year 2027, while Latin America will expand at a 12.5% CAGR through the analysis period.


Select Competitors (Total 74 Featured) -

  • 3DHISTECH Ltd.
  • Apollo Enterprise Imaging Corp.
  • Carl Zeiss AG
  • Corista LLC
  • Glencoe Software, Inc
  • Hamamatsu Photonics K.K.
  • Huron Digital Pathology, Inc.
  • Indica Labs
  • Inspirata Inc
  • KANTERON SYSTEMS S.L.U
  • KONFOONG BIOTECH INTERNATIONAL CO.,LTD
  • Leica Biosystems Nussloch GmbH
  • MikroScan Technologies Inc.
  • Objective Pathology Services
  • Olympus Corporation
  • OptraSCAN, Inc
  • Philips Healthcare
  • Proscia Inc
  • Sectra AB
  • Visiopharm A/S
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3DHISTECH Ltd.
  • Corista LLC
  • Hamamatsu Photonics K.K.
  • Inspirata Inc
  • Olympus Corporation
  • Philips Healthcare
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • COVID-19 Ushers in 2020 as the Year of Healthcare Digitalization
  • Exhibit 1: Global Venture Capital Investments in Digital Health Startups (In US$ Billion)
  • Exhibit 2: % Share VC Investments by Category for 2020
  • FDA Temporarily Relaxes Guidelines to Promote Remote Digital Pathology Services amid COVID-19 Pandemic
  • COVID-19 Highlights Need to Implement Structured Online Curriculum for Pathology Training
  • Future Outlook of Pathology Post-COVID-19
  • Digital Pathology: An Introduction
  • Key Digital Pathology Tools
  • Market Outlook
  • US and Europe Maintain Dominance
  • Emerging Markets to Experience Strong Growth
  • Scanners Lead Digital Pathology Market
  • Software Segment Post Strong Growth
  • Disease Diagnosis: Major Application of Digital Pathology Systems
  • Telepathology Experiences Strong Growth
  • Pharmaceutical and Biotechnology Companies: Important End Use Markets for Digital Pathology
  • Exhibit 3: Global Digital Pathology Systems Market by End-Use: 2020
  • Major Issues Hampering Adoption of Digital Pathology Systems
  • Competitive Landscape
  • Exhibit 4: Market Share of Leading Players in Digital Pathology Systems Market: 2020E
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Technological Advancements Drive Adoption of Digital Pathology Systems
  • Artificial Intelligence (AI) Steps in to Widen the Scope & Span of Digital Pathology
  • EXIBIT: AI Spending in Healthcare & Lifesciences in US$ Million for Years 2020 & 2025
  • Advantages of AI-Powered Digital Pathology
  • Digital Pathology Benefits Drug Discovery Process
  • Need for Early Diagnosis Puts Focus on Digital Pathology
  • Digital Pathology Systems See Fast Paced Adoption in Cancer and Other Chronic Diseases
  • Exhibit 5: Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • Exhibit 6: Number of New Cancer Cases and Deaths (in Million) by Region for 2018
  • Exhibit 7: Global New Cancer Cases and Cancer-related Deaths by Cancer Site (in %) for 2018
  • Digital Pathology Emerges as a Tool to Reduce Cases of Cancer Misdiagnoses
  • Scarcity of Pathologists & Excess Workload on Pathology Labs Drives Demand for Digital Systems
  • Clinical Research Continues to be Core Vertical for Digital Pathology
  • Digital Imaging and Robotic Light Microscopy Boost Growth
  • Computational Pathology for Leading-Edge Image Analytics
  • Cloud Platform Gains Momentum
  • Telepathology Expected to Pave Way for Pathology Outsourcing to Developing Nations
  • Rise in Significance of Personalized Medicine Bodes Well for Digital Pathology
  • Exhibit 8: Global Personalized Medicine Market: Revenues in US$ Million for the Years 2019 and 2024
  • Increased Focus on Companion Diagnostics to Benefit Market Growth
  • Improving Healthcare & Research Expenditure to Support Growth
  • Exhibit 9: World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Aging Population: A Key Opportunity Indicator
  • Exhibit 10: Global Aging Population: Population of 65+ Individuals (in Thousands) by Region for 2019 and 2030
  • Exhibit 11: Global Population of 65+ Individuals as % of Total Population by Region for 2019 and 2030
  • Exhibit 12: Global Cancer Deaths by Age Group (in %) for 2019
  • Challenges Facing Digital Pathology Systems Market
  • High Costs
  • Workflow Integration with Other Related Functions
  • Other Issues

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • COVID-19 Triggers Demand for Digital Pathology
  • Market Overview
  • Increasing Pressure on Pathological Labs: Cornerstone for Growth

CANADA

JAPAN
  • Market Overview

CHINA
  • Market Overview

EUROPE
  • Market Overview

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC
  • Market Overview

AUSTRALIA

INDIA
  • Market Overview
  • Inadequate Infrastructure Impedes Adoption of Telepathology

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 74
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 3DHISTECH Ltd.
  • Apollo Enterprise Imaging Corp.
  • Carl Zeiss AG
  • Corista LLC
  • Glencoe Software, Inc
  • Hamamatsu Photonics K.K.
  • Huron Digital Pathology, Inc.
  • Indica Labs
  • Inspirata Inc
  • KANTERON SYSTEMS S.L.U
  • KONFOONG BIOTECH INTERNATIONAL CO.,LTD
  • Leica Biosystems Nussloch GmbH
  • MikroScan Technologies Inc.
  • Objective Pathology Services
  • Olympus Corporation
  • OptraSCAN, Inc
  • Philips Healthcare
  • Proscia Inc
  • Sectra AB
  • Visiopharm A/S
Note: Product cover images may vary from those shown