+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Digital Pathology Systems - Global Market Trajectory & Analytics

  • ID: 2531223
  • Report
  • July 2020
  • Region: Global
  • 391 Pages
  • Global Industry Analysts, Inc
1 of 2
Global Digital Pathology Systems Market to Reach US$1.5 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Digital Pathology Systems estimated at US$749.5 Million in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 10.3% over the analysis period 2020-2027.Device, one of the segments analyzed in the report, is projected to grow at a 10.9% CAGR to reach US$968 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 10% CAGR for the next 7-year period. This segment currently accounts for a 23.8% share of the global Digital Pathology Systems market.

The U. S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 13.6% CAGR for the Period of 2020-2027

The Digital Pathology Systems market in the U. S. is estimated at US$202.5 Million in the year 2020. The country currently accounts for a 27.01% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$320.1 Million in the year 2027 trailing a CAGR of 13.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 8.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR while Rest of European market (as defined in the study) will reach US$320.1 Million by the year 2027.

Storage System Segment Corners a 13.7% Share in 2020

In the global Storage System segment, USA, Canada, Japan, China and Europe will drive the 7.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$77.2 Million in the year 2020 will reach a projected size of US$128.4 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$215.1 Million by the year 2027, while Latin America will expand at a 9.5% CAGR through the analysis period. The publisher brings years of research experience to this 15th edition of our report. The 391-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • 3DHISTECH Ltd.
  • Apollo Enterprise Imaging Corp.
  • Carl Zeiss AG
  • Corista LLC
  • Definiens AG
  • Hamamatsu Photonics K. K.
  • Huron Digital Pathology Inc.
  • Leica Biosystems Nussloch GmbH
  • MikroScan Technologies Inc.
  • Olympus Corporation
  • Philips Healthcare
  • Pixcelldata Ltd.
  • Ventana Medical Systems Inc.
  • VMscope GmbH.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
2 of 2

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Digital Pathology Systems: Providing Accuracy, Efficient Analysis, and Cost Reduction Benefits to Pathology Practices

Recent Market Activity

Need to Enhance Workflow Efficiencies and Reduce Costs to Aid Growth of Digital Pathology Systems Market

Developed Markets to Maintain Dominance

Digital Pathology Systems See Fast Paced Growth in Emerging Nations

Scanners Lead Digital Pathology Market, Image Analysis Software to Record Fast Growth

FDA Approval for WSI System Opens Up a World of Opportunities for Digital Pathology Market

Innovative Software Solutions for Digital Pathology Systems

Virtual Microscopy - Digitization of Microscopic Slides to Drive Growth

Disease Diagnosis - The Major Application of Digital Pathology Systems

Hospitals and Laboratories Dominate Digital Pathology Systems Market

Major Issues Hampering Adoption of Digital Pathology Systems

Technology Related Challenges Hold Back Adoption of Digital Pathology Systems

The Future in Retrospect

Global Competitor Market Shares

Digital Pathology Systems Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3DHISTECH Ltd. (Hungary)

Apollo Enterprise Imaging Corp. (USA)

Carl Zeiss AG (Germany)

Corista LLC (USA)

Definiens AG (Germany)

Hamamatsu Photonics K.K. (Japan)

Huron Digital Pathology, Inc. (Canada)

Leica Biosystems Nussloch GmbH (Germany)

MikroScan Technologies, Inc. (USA)

Olympus Corporation (Japan)

Philips Healthcare (Netherlands)

Pixcelldata Ltd. (Ireland)

Ventana Medical Systems, Inc. (USA)

VMscope GmbH (Germany)

3. MARKET TRENDS & DRIVERS

The Many Advantages of Digital Pathology over Traditional Pathology

The Invaluable Connected Data Made Possible by Digital Pathology Systems

The Need for Automation in Tissue Analysis

Workflow Efficiencies: A Key Market Driver for Digital Pathology Systems

Scarcity of Pathologists & Excess Workload on Pathology Labs Drives Demand for Digital Systems

Need for Early Diagnosis Puts Focus on Digital Pathology

Clinical Research Continues to be Core Vertical for Digital Pathology

Digital Pathology Evolves to Computational Pathology

Computational Pathology for Leading-Edge Image Analytics

Technological Advancements Ease Issues in Digital Pathology Adoption

Possibilities Ahead in Digital Pathology

Digital Pathology Systems Continue to Widen their Scope

Digital Pathology Systems See Fast Paced Adoption in Cancer and Other Chronic Diseases

Digital Pathology Emerges as a Tool to Reduce Cases of Cancer Misdiagnoses

Move towards Hosted Technology: The New Fad

Digital Pathology as a Service Eludes Cost-based Issues

Telepathology Expected to Pave Way for Pathology Outsourcing to Developing Nations

Rising Emphasis on Lab Automation Extends Opportunity for Digital Pathology

Rising Penetration of Personalized Medicine Bodes Well for Digital Pathology

Increased Focus on Companion Diagnostics to Benefit the Market

Digital Pathology Images and the Quality Concerns

Improving Healthcare & Research Expenditures Turbo Charge Digital Pathology

Burgeoning Global Population: A Strong Business Case for Market Growth

Aging Population: A Key Opportunity Indicator

Challenges Facing Digital Pathology Systems Market

High Costs

Workflow Integration with Other Related Functions

Other Issues

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Digital Pathology Systems Market Share (in %) by Company: 2020 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Digital Pathology Systems Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

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: 55

Note: Product cover images may vary from those shown
3 of 2

Loading
LOADING...

Adroll
adroll