Telepathology Service Market | Industry Trends | Forecast 2025

Telepathology Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 201X – 202X.
In 201X, the global Telepathology market size was xx million US$ and it is expected to reach xx million US$ by the end of 202X, with a CAGR of xx% during 201X-202X.
Telepathology assists in bridging the gap between the medical and telecommunication technology. It constitutes of electronic transmission of high-quality pathological data through the help of telecommunication technology. Telepathology utilizes the video cameras, monitors, and a remote-controlled microscope. It enables the practicing of pathology from distance as well. It opens the door for transfer of high-quality image-rich pathological data between different locations for the purposes of diagnosis, education, and research. This technology is being utilized for purposes such as expert opinion on referral cases, emergency services, diagnosis at remote location, quality assurance, conferences and meetings, and for educational training.

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Cost effectiveness and extended reach majorly drive the growth of the market. In addition, quick diagnoses, as well as quick pathological assessment, and timely treatment are some of the cardinal factors that emphasize high demand for telepathology. In 201X, the global Telepathology market size was xx million US$ and it is expected to reach xx million US$ by the end of 202X, with a CAGR of xx% during 201X-202X. It driven by the technological advancements, digitalization of pathology. In addition, extended reach, cost-effectiveness of the services and quick diagnosis are expected to bolster the global telepathology market over the forecast period. Furthermore, ease of operation, increase in government funding for hospitals and growing demand for telemedicine are also expected to further boost the market growth during the forecast period. However, factors such as the high cost of devices, lack of skilled professionals, and lack of infrastructure in underdeveloped and developing countries expected to hamper the market growth over the forecast period. Moreover, monitoring of telepathology requires high amount of investment and errors in interpreting the digital data may act as restraints for the market growth.

Telepathology Market Drivers: One of the main drivers of the telepathology market is bound to be the information technology wave sweeping across the world. In Western countries they already have a strong digital infrastructure, but Internet penetration is rapidly increasing in the developing world. This can enable pathologists to examine, study, and diagnose patients not only in remote locations within the country but also anywhere else in the world. A second factor is a flexibility and convenience offered to seek a second opinion. The digital telepathology market will enable pathologists in any part of the globe to consult their peers in other countries, which will ensure an appropriate diagnosis.
Telepathology Market Restraints: one of the biggest being cost. telepathology equipment is very expensive which will almost certainly be a problem in developing countries. Government reimbursements are typically unavailable there which makes the initial investment quite difficult. Another issue is regulatory concerns. Digital telepathology walks a fine line between both medicine & technology so each country would have different laws concerning both.
North America, Europe & Asia Pacific regions are expected to grow at significant rates
Geographically, global telepathology market has been segmented into Latin America, Europe, Asia- Pacific, North America, and the Middle East & Africa. North America market expected to grow at significant rates owing to the favourable healthcare policies that use digital pathology systems, well-established healthcare infrastructure and growing ageing population who are more susceptible to the physical problems. Europe telepathology market is expected to grow at notable rates owing to prevalence of the diseases such as cancer that require the pathological diagnosis, growing awareness and well-developed healthcare infrastructure. Asia Pacific region is expected to be a fastest growing market for telepathology owing to the developing healthcare infrastructure and digitalization of the medical services in order to deliver the cost-effective services. However, in developing countries such as India and China lack of skilled professionals and training for optimum utilisation of telepathology may hinder the market growth.
Market Participants: Telepathology Market

Some of the key players in global telepathology market are:
• South-eastern Pathology Associates (U.S.)
• Visiopharm A/S (Denmark)
• Laboratory Corporation of America Holdings (LabCorp) (U.S.)
• University Health Network (Canada)
• Canada Health Infoway, Telemedicine Clinic (TMC) (Spain)
• microDimensions (Germany)
• AMD Global Telemedicine, Inc. (U.S.)
• Polycom, Inc. (U.S.)

In March 2016, Laboratory Corporation of America Holdings acquired Pathology Inc. to strengthen its pathology services.

Precision Business Insights (PBI) in its report titled “Telepathology Market”: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 20XX-20XX and Forecast 20XX-20XX” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast.
Market Scope: Telepathology Market
Global Telepathology market is segmented based on services, application and end user
Based on services, telepathology market is segmented into
• Static Telepathology
• Dynamic Telepathology
• Hybrid Telepathology
Based on application, telepathology market is segmented into
• Diagnosis
• Education
• Teleconsultation
• Research
Based on end user, telepathology market is segmented into
• Pharmaceutical & Biotechnology Firms
• Hospitals
• Academic Institutions
• Others
Based on Geography, telepathology market is segmented into
• United States
• Europe
• China
• Japan
• Southeast Asia
• India
• Central & South America

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This release was published on openPR.