The global digital pathology market is segmented into type such as hardware, software and services. Among these segments, hardware digital pathology segment is expected to occupy top position in overall digital pathology market during the forecast period. Rising utilization of digital pathology for analysis and detection of diseases is the major driving factor of the digital pathology market. However, services segment is projected to witness highest CAGR during the forecast period. Further, complexities in implementation and integration services of diagnostic solutions are anticipated to impel the growth of this segment.
Global digital pathology market is expected to flourish at a CAGR of 10.6% over the forecast period. Moreover, the global digital pathology market is anticipated to garner USD 762.2 Million by the end of 2023. Rising healthcare IT spending is expected to propel the growth of the digital pathology market. For instance, healthcare providers spent USD 40 Billion annually in 2015 on IT programs while clinical healthcare IT spending reached USD 15.6 Billion in 2014.
The market of disease diagnosis by application is projected to register a CAGR of 11.1% during the forecast period. Additionally, disease diagnosis market is expected to account for the largest share of revenue across the globe. Further, benefits such as efficient analysis of tissue slide and disease detection is expected to drive the growth of disease diagnosis segment during the forecast period. However, tele-consultation is anticipated to grow at highest pace during the forecast period.
Rising Number of Chronic Diseases
Increasing cases of chronic diseases across the globe is anticipated to foster the growth of digital pathology market during the forecast years. Moreover, high adoption rate of digital pathology system by hospitals and diagnostic laboratories is envisioned to bolster the growth of digital pathology market.
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Technological Advancement in Digital pathology
Technological advancements in digital pathology such as high precision, accuracy and computer algorithm analysis are expected to trigger the growth of digital pathology market in the upcoming years. Apart from this, growing usage of digital pathology in research institutes is also anticipated to foster the growth of digital pathology market.
Although, high cost of digital pathology systems is likely to inhibit the growth of the global digital pathology market in the near future.
The report titled “Digital Pathology Market: Global Demand Analysis & Opportunity Outlook 2023” delivers detailed overview of the global digital pathology market in terms of market segmentation by product type, by application, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global digital pathology market which includes company profiling of Leica Biosystems Nussloch GMBH, GE Healthcare, Ventana Medical Systems, Inc., Hamamatsu Photonics K.K., Apollo Enterprise Imaging Corporation, Xifin, Inc. and Definiens AG. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global digital pathology market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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