Digital Pathology Market Growth and Influencing Factors from Key players: Leica Biosystems; Koninklijke Philips N.V

Latest released, the research study on Global Digital Pathology Market Report Forecast 2021 - 2030, offers a detailed overview of the factors influencing the global business scope. Digital Pathology Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Digital Pathology. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: Leica Biosystems; Koninklijke Philips N.V.; 3D-Histech Ltd.; Apollo Enterprise Imaging; F. Hoffmann-La Roche Ltd; Visiopharm A/S; Hamamatsu Photonics K.K.; Corista; Ventana Medical Systems, Inc.; Huron Digital Pathology Inc; Indica Labs, Inc; Olympus Corporation of the Americas; Objective Pathology Services; XIFIN

The global digital pathology market is expected to grow from $0.67 billion in 2020 to $0.72 billion in 2021 at a compound annual growth rate (CAGR) of 8.00%. The growth is mainly due to the growing demand for digital pathology due to COVID-19 impact, which had led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.16 billion in 2025 at a CAGR of 11.34%.

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Covid-19 Impact and Recovery Analysis:

The global Digital Pathology market report also includes the impact of the Covid-19 pandemic. Moreover, it offers an exhaustive analysis of aspects that will encounter the development of the market pre & post Covid-19 pandemic.

Scope

Markets Covered: 1) By Product: Scanners; Software; Communication Systems; Storage Systems
2) By Type: Human Pathology; Veterinary Pathology
3) By End User: Pharmaceutical & Biotechnology Companies; Hospitals and Reference Laboratories; Academic & Research Institutes
4) By Application: Drug Discovery; Disease Diagnosis; Teleconsultation; Training & Education

Market Overview:

The lack of trained pathologists acted as a restrain for the digital pathology market in the historic period. Pathologists are critical in performing laboratory tests essential for disease diagnosis as pathologists need to examine samples and interpret medical laboratory tests for patients to receive proper treatment. There is a dearth of pathologists in the Asia Pacific region and countries in Africa. For instance, in 2016, Zimbabwe had only 9 pathologists, five histopathologists, four hematologists, and no chemical or forensic pathologists to cater to a population of 13 million. Mozambique had only 4 pathologists for a population of 25 million and Botswana has only 3 pathologists to serve its 2.1 million people.

In January 2018, Inspirata, Inc., an USA-based cancer informatics and digital pathology workflow solution provider announced the acquisition of Omnyx, LLC, from GE Healthcare for an undisclosed amount. The acquisition is expected to enhance primary digital diagnosis of Inspirata, Inc. in Europe and Canada, and to expand its customer base and geographic footprint across those countries. Omnyx, LLC, is a USA-based digital pathology venture of GE Healthcare focused on bringing software to pathology departments around the world.

The increased prevalence of cancer contributed to the growth of the digital pathology market. Digital pathology allows patients to accelerate the diagnosis and treatment of cancer, and thus in increase in cancer cases is driving the growth of the market. According to the American cancer society, in 2019, there were approximately 140,690 cancer cases diagnosed and 103,250 cancer deaths among the 85 and older population in the United States. There is a rise in the number of cancer cases due to the growing elderly population globally coupled with unhealthy lifestyles. Increasing incidences of cancer increases the demand for digital pathology as it makes it easier to access the image faster, view all relevant information, and help diagnose faster.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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