Press release
Digital Pathology Market will multiply at an impressive CAGR of 11.6% | Top Key Players: Leica Biosystems Nussloch GMBH, GE Healthcare, Ventana Medical Systems Inc., Hamamatsu Photonics K.K, Apollo Enterprise Imaging Corporation, Xifin Inc. and Definiens
The global market for digital pathology market reached USD 337.8 Million in 2016 and is projected to touch USD 726.2 Million by 2023, registering a CAGR of 11.6%. Factors such as rise in number of hardware & software devices in healthcare industry are anticipated to help the digital market to escalate in near future. Further, spiked penetration of internet services across the globe is yet another reason for a boost in digital pathology. B2B & B2C platforms are anticipated to receive benefits outs of initiatives taken by the government and private healthcare institutions.
In the regional segment, North America region dominated the global digital pathology market by contributing a market share of 38.3% in 2016. With a bigger healthcare market, U.S. further estimated to maintain the dominance in the North America region, by registering a CAGR of 10.8% over the forecast period
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After North America, Europe is the biggest market for digital pathology at present. Further, Asia-Pacific is undoubtedly poised to become a bigger market for healthcare services in near future.
Advancement in Healthcare to Reflects Significant Opportunities
Major regions around the globe have undergone rapid urbanization over the past decade. This swift rise of urbanization and industrialization is expected to boost the technology platforms and services in healthcare industry. Further, ease to provide better services to patients through storing and dissemination of data when required is anticipated to drive the demand for digital pathology across the globe.
However, factors such as high maintenance, shortage of skilled manpower and high cost associated with integration and implementation of hardware & software into new environment are likely to inhibit the growth of the market in future.
The report titled “Digital Pathology Market: Global Demand Analysis & Opportunity Outlook 2023” delivers detailed overview of the digital pathology market in terms of market segmentation by type, 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.
This report also provides the existing competitive scenario of some of the key players of the 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.
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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 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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