APAC to Witness Robust Growth in Digital Pathology Market through 2025
Growing preference for computer
aided diagnosis to drive the growth of global digital pathology market
According to
TechSci Research report, “Global Digital
Pathology Market By Component (Software, Scanner, Services), By Technology
(Whole Slide Imaging, Storage, Communication & Integrated Platforms, Image
Analysis-Informatics, Others), By Type (Human v/s Veterinary), By Application
(Drug Discovery, Disease Diagnosis, Teleconsultation, Training & Education,
Others), By End Users (Hospitals & Clinics, Biotechnology &
Pharmaceutical Companies, Research Laboratories, Contract Research
Organizations, Others), By Region, Forecast & Opportunities, 2025”, the global digital pathology market is expected to grow at
a formidable rate during the forecast period on account of the increasing
adoption of digital pathology to enhance the lab efficiency. Additionally,
digital pathology offers scrutiny and analysis of images on computer, high
resolution sample screening and online storage of digital slides which enables
the pathologists to cross examine the slides without any physical evidence.
Furthermore, growing application of digital pathology in drug discovery and
development is fostering the growth of market, globally. Moreover, benefits
such as ease of virtual transportation of slides and high efficiency of the
technique positively impacts the growth of market. However, lack of trained and
skilled pathologists can hamper the growth of market during forecast period.
Also, lack of adoption and use of this technique over the conventional ones might
negatively impact the market growth. Moreover, high cost of software and
scanners might further restrict the growth of market over the next few years.
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The global
digital pathology market is segmented based on component, technology, type,
application, end user, company and region. Based on component, the market can
be categorized into software, scanner and services. The scanners are expected
to dominate the market over the next few years owing to the benefits offered by
them such as assistance in analyzing multitude of images with ease and help in
studying morphologies and images. Additionally, growing adoption of digital pathology around
the globe and recent regulatory approvals grants by the FDA are further anticipated
to drive the growth of segment through 2025. Based on type, the market can be
bifurcated into human and veterinary. The human segment is expected to dominate
the market owing to the growing prevalence of chronic diseases such as cancer,
cardiac disorder, diabetes, renal disorders, among others. Based on application,
the market can be grouped into drug discovery, disease diagnosis,
teleconsultation, training & education and others. The disease diagnosis is
expected to hold the largest market share over the next few years on account of
the increase in number of patients suffering from chronic diseases, while the
teleconsultation segment is expected to grow due to increase in geriatric
population suffering from various diseases. Based on end user, the market can
be fragmented into hospitals & clinics, biotechnology & pharmaceutical
companies, research laboratories, contract research organizations and others.
The biotechnology & pharmaceutical companies are expected to register the
highest CAGR in the market on account of the increasing use of digital
pathology for drug discovery studies and drug toxicology testing. Additionally,
they deliver well organized, documented, retrieved and logistical pathological
procedures.
Leica
Biosystems, Koninklijke Philips N.V., Hamamatsu Photonics, F. Hoffmann-La Roche
AG, 3DHISTECH, Apollo Enterprise Imaging, XIFIN, Huron Digital Pathology,
Visiopharm A/S, Corista, Indica Labs, Objective Pathology Services, Sectra AB,
OptraSCAN, Glencoe Software, KONFOONG BIOTECH INTERNATIONAL CO., LTD,
Inspirata, Inc., Mikroscan Technologies, Proscia Inc., Kanteron Systems and
others are some of the leading players operating in global digital pathology market.
The companies operating in the market are using organic strategies such as
product launches, mergers and collaborations to boost their share. For
instance, in 2018, F. Hoffmann-La Roche AG launched VENTANA DP 200, a high
speed slide scanner for digital pathology. The scanner can produce high quality
images attributable to its tray based design.
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“Asia-Pacific is expected to
witness significant growth in the digital pathology market during the forecast
period, owing to the increasing awareness related to digital pathology systems
in the region. Additionally, increasing number of people suffering from chronic
diseases such as cancer, diabetes, cardiovascular diseases, among others in the
region is further anticipated to spur the market through 2025. Furthermore,
increasing healthcare expenditure coupled with improving healthcare IT
infrastructure in the region is expected to create lucrative opportunities for
the players in market over the next few years.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Global Digital Pathology Market By Component
(Software, Scanner, Services), By Technology (Whole Slide Imaging, Storage,
Communication & Integrated Platforms, Image Analysis-Informatics, Others), By
Type (Human v/s Veterinary), By Application (Drug Discovery, Disease Diagnosis,
Teleconsultation, Training & Education, Others), By End Users (Hospitals
& Clinics, Biotechnology & Pharmaceutical Companies, Research
Laboratories, Contract Research Organizations, Others), By Region, Forecast
& Opportunities, 2025”, has evaluated
the future growth potential of global digital pathology market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global digital pathology market.
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