Digital Pathology Market by Drug Discovery, Disease Diagnosis, Human, Veterinary and Software, Communication System Overview with Players Like Leica Biosystems (Germany), Ventana Medical Systems (US) and Hamamatsu Photonics (Japan) to 2023

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The global digital pathology market is expected to grow at a CAGR of 12.3% to reach to USD 756.1 million by 2022. Digital pathology is an active, image-based setting, which enables the procurement, management, and interpretation of pathological information generated from a digitized glass slide and other devices.

The digital pathology market is segmented into scanners, software, communication systems, and storage systems. 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.

Growth in digital pathology market is mainly driven by factors such as growing applications of digital pathology in drug development & companion diagnostics, ease of consultation, increasing adoption of digital pathology to enhance lab efficiency, rising prevalence of cancer, & increasing initiatives by governments & industry players.

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The key factors propelling the growth of digital pathology market include increasing initiatives by governments and industry players, ease of consultation, increasing adoption of digital pathology to enhance lab efficiency, rising prevalence of cancer, and growing applications of digital pathology in drug development and companion diagnostics.

North American region is expected to hold the largest share of the global digital pathology market in 2017. The large share of this region can be attributed to factors such as the rising prevalence of chronic diseases and increasing initiatives by industry players and governments in diagnostics. However, Asia Pacific is expected to grow at the highest CAGR during the forecast period.

The scanners segment is estimated to account for the largest share of the global digital pathology market in 2017. The large share of this segment is mainly due to the increasing adoption of digital pathology solutions across the globe. On the contrary, increase in use of telepathology, especially in the developing economies, is anticipated to offer lucrative opportunities for the market expansion.

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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.

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