Pune, India -- (SBWire) -- 11/02/2018 --Digital Pathology Market Research Report
The Digital Pathology market report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers/players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
The digital pathology market is estimated to represent a global market of USD 389.6 million by 2016 with a growth rate of 10.8%. Digital pathology market is growing at a constant rate over the past few years owing to the rise in awareness of different digital pathology techniques coupled with increasing introduction of novel products. Growing incidence/prevalence of chronic diseases is also considered to be a strong driving factor for the digital pathology market growth.
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The increasing prevalence is anticipated to increase the demand to adopt digital pathology, aiming to improve patient diagnosis and to reduce long-term cost associated with the conventional diagnostics. Furthermore, aging population, technological advancements, cost-effectiveness, and increasing investment of companies in this industry drive the revenue growth. For example, digital pathology is considered to provide fast and accurate detection and diagnosis for the variety of chronic diseases such as cancer, cardiac problems and others.
It automatically detects the tumor at inflammatory and prolifering stromal cells stage, thereby curbing cost pertaining to the infected cell detection. It also reduces costs by reducing FISH tests and impacts the laboratory workflow positively. On other side, lack of reimbursement for digital pathology enabled services is act as restraint for the industry growth. Currently reimbursement policies are weak and Centers for Medicare & Medicaid Services suggests the recommendation for the improvement of these policies for encouraging quantitative, modern testing which serves to benefit the patient.
Digital pathology market is divided into technology and application segment. Technology segment is divided into Whole Slide Imaging, and Telepathology. Among which, Whole Slide Imaging segment is accounted for almost 61.69% share of the total market in 2016. Government support and introduction of new products support the segment growth.
For instance, U.S.FDA authorized the commercialization of the PIPS (Philips IntelliSite Pathology Solution), the first whole slide imaging system that enable to interpret surgical pathology slides on the basis on biopsy tissue sample. Telepathology segment is further categorized into Static and Dynamic. Application segment is categorized into Educational Research, Drug Development, and Disease Diagnosis. Education research is recorded significant share and is continue to dominate the market over the forecast period.
The global digital pathology market is consolidated in nature. Major players such as Hamamatsu Photonics Inc., Leica Biosystems, and Olympus Corporation dominated the digital pathology system industry. These players accounted for more than 70% of the market share in 2016. The digital pathology market is marked by dynamic activities, such as strategic partnerships that are imperative in widening the consumer base. For example, in March 2017, Leica Biosystems entered into strategic collaboration with Leeds Hospital in order to improve workflow asn productivity.
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TARGET AUDIENCE
Traders, Distributors, And Suppliers
Manufacturers
Hospitals
Government and Regional Agencies and Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TECHNOLOGY
Whole Slide Imaging
Telepathology
MARKET, BY APPLICATION
Educational Research
Drug Development
Disease Diagnosis
Research objectives:-
To study and analyze the global Digital Pathology consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2030.
To understand the structure of the Digital Pathology market by identifying its various sub-segments.
Focuses on the key global Digital Pathology manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
To analyze the Digital Pathology with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Digital Pathology submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Overall the report offers detailed coverage of Digital Pathology industry and presents main market trends. This research gives historical and forecasts market size, demand and production forecasts, end use demand details, price trends, and company shares of the leading Digital Pathology producers to provide exhaustive coverage of the market.
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Digital Pathology Market to See Strong Growth and Market Scope in the Next Few Years