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Digital Pathology Market Growth Analysis & Key Business Strategies by Leading Industry Players Danaher Corporation, Digipath, Glencoe Software, Hamamatsu Photonics K.K., Indica Labs, Koninklijke Philips and Others

11-28-2018 02:54 PM CET | Health & Medicine

Press release from: Allied Market Research

Digital Pathology Market Growth Analysis & Key Business

The growth of the global digital pathology market is driven by the advent of human pathology practice globally and extensive application of digital pathology in the fields of education, tissue-based research, and drug development. In addition, the ease in transfer of test results and the efficiency of digital pathology solutions are anticipated to boost the market growth. However, lack of reimbursement policies and high cost of digital pathology solutions impede the growth of the market. On the contrary, increase in use of telepathology, especially in the developing economies, is anticipated to offer lucrative opportunities for the market expansion.

The global digital pathology market was valued at $3,323 million in 2016, and is expected to reach $8,668 million by 2023, registering a CAGR of 14.8% during the forecast period.

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Digital pathology (DP) is an emerging technology in the field of pathology, where test results are converted into digital images for easy viewing, analysis, storage, and management of the data collected. This is expected to result in many advancements and upgradation of conventional pathology. Thus, lack in number of pathologists globally is addressed by the use of digital pathology, which is the major benefit of this technology. In addition, increase in applications of digital pathology for disease consultation, especially for cancer, boosts the market growth. The other key factors contributing to the growth of this market are rise in prevalence of chronic diseases and ease in virtual transportation of slides. However, lack of reimbursement policies, inadequate infrastructure, and high cost of digital pathology devices restrict the growth of the market.

Image analysis informatics is expected to register a significant growth rate during the forecast period, owing to the benefits offered by image analysis informatics such as it aids in analyzing multitude of images with ease and in studying complex morphologies & features Moreover, it enables comparison of data with other related data for obtaining better decisions, which fuels the growth of the image analysis informatics segment.

Automated hematology analyzers & blood cell counters dominated the market in 2016, as cell counting with these devices is rapid. Moreover, they improve the accuracy test results, eliminate chances of errors, reduce inter operator variability, and minimize the potential contact with samples. In addition, automated hematology analyzers & blood cell counters are relatively cost-efficient and can process up to 120150 samples per hour.

Among the end users, the clinics segment accounted for the largest share in the global digital pathology market, as clinics deliver well-organized, documented, retrieved, and logistical pathological procedures. Thus, rise in number of clinics incorporating digital pathology over traditional pathology augments the market growth.

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Asia-Pacific is expected to witness highest growth rate in the global market, and is expected to continue this trend throughout the forecast period. This is attributed to high population density and rise in incidence of chronic diseases across high populous countries such as India and China. For instance, the number of annual deaths has reached 56 million individuals in 2015, and 70% of the global deaths in 2015 were due to noncommunicable diseases such as Alzheimer's disease, ischemic heart disease, diabetes, chronic kidney disease, stroke, and other dementias.

The key players operating in the global digital pathology market are Danaher Corporation, Digipath Inc., Glencoe Software, Inc., Hamamatsu Photonics K.K., Indica Labs, Inc., Koninklijke Philips N.V., Nikon Corporation, PerkinElmer, Inc., Pixcelldata Ltd., and Visiopharm A/S. Other players operating in the value chain are Leica Biosystems, Ventana Medical Systems, 3DHISTECH, HCL Technologies, Pathology Devices, Inc., Biogeniux, OptraSCAN, Pathcore, and Sectrae.

Table of Content

Chapter: 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

Chapter: 2: EXECUTIVE SUMMARY
2.1. CXO perspective

Chapter: 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Use of digital pathology in disease diagnosis
3.5.1.2. Growing trend of digitalization in medical sector
3.5.1.3. Ease of consultation
3.5.1.4. Diagnosis in remote regions
3.5.2. Restraints
3.5.2.1. Lack in reimbursement
3.5.2.2. High cost of digital pathology solutions
3.5.3. Opportunity
3.5.3.1. Increasing potential of digital pathology

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About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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