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Digital Pathology Market- Growth, Trends, and Forecasts (2020 - 2025)

  • ID: 4758278
  • Report
  • May 2020
  • Region: Global
  • 114 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • 3DHistech Ltd.
  • Hamamatsu Photonics K.K.
  • Koninklijke Philips NV
  • Nikon Corporation
  • Olympus Corporation
  • VISIONPHARM
  • MORE
The increasing number of teleconsultations, rising adoption of digital pathology to enhance lab efficiency, and increasing application in drug discovery and companion diagnostics are driving the global digital pathology market. Moreover, the investment in laboratory expansion and market penetration of key manufacturers are also likely to propel the market growth.

Teleconsultation aims to omit geographical and functional distance between two or more geographically separated healthcare providers. It is defined as the consultation by remote telecommunications, primarily for the diagnosis or treatment of a patient at sites that are distant from the patient or primary physician. Teleconsultation services are being implemented by several hospitals, primary healthcare physicians, private medical practices, and other medical units. Thus, it has proven to be feasible and effective, to potentially reduce costs, provide organizational benefits, and improve patient’s satisfaction.

The use of digital pathology in disease diagnosis is also increasing, due to the integration of digital pathology with digital tools, barcoding, specimen tracking, and digital dictation, which improvise the safety, quality, and efficiency of disease diagnoses in pathology laboratories.

The market is also expected to be driven by the increasing adoption of telepathology, rising investment in healthcare in developed countries, market penetration of key manufacturers in the developing region, and an increasing focus on drug discovery.

Key Market Trends

Disease Diagnosis is Expected to Grow the Fastest, by Application, Over the Forecast Period

For the diagnosis of diseases, digital pathology encompasses different technologies, which include laboratory management systems, digital dictation, dashboards and workflow management, digital image analysis, electronic specimen labeling and tracking, and synoptic reporting tools. Therefore, the integration of digital pathology, along with these digital tools, barcoding, specimen tracking, and digital dictation, improvise the safety, quality, and efficiency of disease diagnoses in pathology laboratories. Hence, owing to the advantages of using digital pathology for disease diagnoses, the market is expected to grow at a good pace over the forecast period.

Asia-Pacific is the Fastest-growing Region and is Expected to Follow the Same Trend over the Forecast Period

The Asia-Pacific digital pathology market is anticipated to exhibit the fastest CAGR during the forecast period, due to the proliferation of advanced imaging modalities in emerging economies, growing investments in the medical field, and the presence of untapped opportunities. Thus, the presence of a large target patient population and booming healthcare industry is encouraging the growth of the regional market.

North America is expected to dominate the overall market throughout the forecast period. The presence of high per capita healthcare expenditure, increasing investment from key players, and the well-established IT and healthcare infrastructure are some of the factors contributing to the growth of the market in the region.

Competitive Landscape

The key players in the global market are adopting strategies, such as mergers and acquisitions, technological development, and geographical expansion, in order to capture a significant position. Several manufacturers are focusing on developing digital pathology scanners with high throughput, improved resolution, high magnification, and high-end microscopes with automated scanning, all of which are expected to drive the market growth during the forecast period.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3DHistech Ltd.
  • Hamamatsu Photonics K.K.
  • Koninklijke Philips NV
  • Nikon Corporation
  • Olympus Corporation
  • VISIONPHARM
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Number of Tele-consultations
4.2.2 Rising Adoption of Digital Pathology to Enhance Lab Efficiency
4.2.3 Increasing Application in Drug Discovery and Companion Diagnostics
4.3 Market Restraints
4.3.1 Stringent Regulatory Concerns for Primary Diagnosis
4.3.2 Lack of Standard Guidelines for Digital Pathology
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Scanner
5.1.2 Software
5.1.3 Storage Systems
5.1.4 Other Products
5.2 By Application
5.2.1 Disease Diagnosis
5.2.2 Drug Discovery
5.2.3 Education and Training
5.3 By End User
5.3.1 Pharmaceutical, Biotechnology, Companies, and CROs
5.3.2 Hospital and Reference Laboratories
5.3.3 Other End Users
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle-East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle-East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3DHistech Ltd.
6.1.2 Hamamatsu Photonics K.K.
6.1.3 Leica Biosystems Nussloch GmBH
6.1.4 Mikroscan Technologies Inc.
6.1.5 Nikon Corporation
6.1.6 Olympus Corporation
6.1.7 Koninklijke Philips NV
6.1.8 Ventana Medical Systems Inc.
6.1.9 VISIONPHARM

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
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  • 3DHistech Ltd.
  • Hamamatsu Photonics K.K.
  • Leica Biosystems Nussloch GmBH
  • Mikroscan Technologies Inc.
  • Nikon Corporation
  • Olympus Corporation
  • Koninklijke Philips NV
  • Ventana Medical Systems Inc.
  • VISIONPHARM
Note: Product cover images may vary from those shown
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