Global Digital Pathology Market (2021-2026) by Type, Product, Application, End-user and Geography - Competitive Analysis, Impact of COVID-19, Ansoff Analysis

The Global Digital Pathology Market is estimated to be worth USD 870.6 Million in 2020 and is expected to reach USD 1,774 Million by 2025, growing at a CAGR of 15.3%.

Market Dynamics

The increasing prevalence of chronic diseases and the demand for quick and effective diagnosis are major factors propelling the growth of the digital pathology market. Furthermore, the adoption of digitalization in diagnostic to enhance lab efficacy, reducing errors, magnified imaging, and easy access of results have increased the demand for digital pathology globally. In addition, government support in the digitalization of the healthcare sector, such as the Indian government - National Digital Health Mission, has escalated the market growth. However, the high investment cost to set up digital pathology coupled with the requirement of a skilled technician is anticipated to hinder the market growth.

COVID 19 pandemic situation and growing e-labs development have created new opportunities in digital pathology. In addition, factors such as increasing R&D in the healthcare sector and expansion of digital pathology uses in teaching and training are expected to offer lucrative opportunities for market players.

Market Segmentation

The Global Digital Pathology Market is segmented based on Type, Product, Application, End-User and Geography.

• By Type, the market is classified as human pathology and veterinary pathology. Amongst the two, the human pathology segment is estimated to hold the highest market share.
• By Product, the market is classified as hardware and software. Amongst the two, the hardware segment is estimated to hold the highest market share
• By Application, the market is classified mHealth, clinical trials, disease diagnosis, and others. Amongst all, the disease diagnosis segment is estimated to hold the highest market share
• By End-users, the market is classified as Companies, Education Institutes, Hospitals, and Laboratories. Amongst all, the hospital and laboratories segment is estimated to hold the highest market share.
• By Geography, North America is projected to lead the market.

Recent Developments

1. Pine Labs acquired the e-commerce app FAVE for global expansion. - 13th April 2021
2. Thermo Fisher Scientific acquired PPD, which provided clinical research and laboratory services. - 15th April 2021

Company Profiles

Some of the companies covered in this report Inspirata, Inc, Becton, Dickinson and Company, Abbott Laboratories, Koninklijke Philips N.V., MikroScan Technologies, Inc., Medtronic plc, Olympus Corporation, etc

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Digital Pathology Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.

The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel within the industry.

The report includes an in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of COVID-19 on the market is also featured in the report.

The report also includes the regulatory scenario of the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules & regulations imposed on this sector across various geographies.

The report also contains the competitive analysis using Positioning Quadrants, the analyst's proprietary competitive positioning tool.

Report Highlights

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market