Press release
Digital Pathology Market Future Scope to 2025 by Leading Brands - Hamamatsu Photonics K.K., XIFIN, Ventana Medical Systems, Koninklijke Philips N.V., Visiopharm
The Insight Partners
According to a new market research study titled ‘Digital pathology Market to 2025 – Global Analysis and Forecasts by Product, Application and End User, the global digital pathology market was valued at US$ 389.7 Mn in 2017 and is estimated to reach US$ 992.1 Mn by 2025. The report highlights the trends prevalent in the global digital pathology market and the factors driving the market along with those that act as drivers to its growth.
The key players operating in the field of digital pathology market worldwide include 3DHISTECH Ltd., Apollo Enterprise Imaging Corp., Huron Digital Pathology, Leica Biosystems Nussloch GmbH, Hamamatsu Photonics K.K., XIFIN, Inc., Ventana Medical Systems, Inc., Koninklijke Philips N.V., Visiopharm, Indica Labs, Inc. among others.
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The report segments the global digital pathology market as follows:
Global Digital pathology Market – By Product
-Storage Systems
-Communication Systems
-Software
-Scanners
Global Digital pathology Market – By Application
-Telepathology
-Disease Diagnosis
-Drug Discovery
-Training and Education
Global Digital pathology Market – By End User
-Academic and Research Institutes
-Pharmaceutical and biotechnology Companies
-Hospital Laboratories
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Advancement in the equipment, teleconsultation & ease of transportation, rising prevalence of cancer, and increasing number of conferences & meetings to create awareness are the major factors primarily attributed to the growth of the market. Additionally, major players in this market are involved in research and development activities. These players have been upgrading their product portfolio by applying for approvals as well as launching new products. For instance, in July 2017, The 3D Histech launched the windows 10 compatible TMA control 2.7 SW, which can be applied for the complete tissue microarray (TMA) products. This update was aimed to aid in placing different samples into one paraffin block. In addition, it was also designed to save time & costs of tissue preparation, staining and slide preparation.
The market for digital pathology is well established in North American region, especially in the US and Canada. The market is expected to witness growth at a significant rate in Asia Pacific (APAC) region during the forecast period. The initiations and support by the government in China, growing cancer cases, focus by industry players in Japan, and developing healthcare infrastructure in India are likely to enhance the growth of the market during the forecast period. Thus, there is a vast potential for the digital pathology market to witness rapid growth in the coming years.
The software segment is the followed largest market after the scanners as the software are equally important for the digital pathology as it enables to show the pictorial presentation of the diagnosis. In addition it allows the sharing of the data across the organization and other regions through the internet. Moreover, some of the companies such as Visiopharm, Indica Labs among the other market players are focused to provide software and solutions for the digital pathology. The pharmaceutical, biotechnological companies and research organizations wholly rely on software for the analysis & stereology and the quantitative digital pathology. For instance, in 2015, Visiopharm has extended to include Oncotopix Diagnostics which is robust solution for cancer diagnostics.
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About Us - The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Healthcare IT, Biotechnology and Medical Device industries.
Contact us -
Contact Person : Sameer Joshi
Phone : +1-646-491-9876
Email Id : sam@theinsightpartners.com
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