Future Outlook of Digital Pathology Market to reach US$ 992.1 million by 2027

The global digital pathology market is expected to reach US$ 992.1 Mn in 2025 from US$ 389.7 in 2017. The market is estimated to grow with a CAGR of 12.5% from 2018-2025.

North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period, whereas the market is expected to witness growth at a significant rate in Asia Pacific (APAC) region during the forecast period.

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Key Companies Analyzed in this Report are:
1. 3DHISTECH Ltd.
2. Apollo Enterprise Imaging Corp.
3. Huron Digital Pathology
4. Leica Biosystems Nussloch GmbH
5. Hamamatsu Photonics K.K.
6. XIFIN, Inc.
7. Ventana Medical Systems, Inc.
8. Koninklijke Philips N.V.
9. Visiopharm
10. Indica Labs, Inc.

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.

Market Insights
Technological Advancements in Digital Pathology
The advancement is the field of the healthcare industry is driving to the players for more research and developments for the imaging devices and the required software for the digital pathology devices. The advanced systems helps labs and hospitals to add value to the testing services as this improves the performance to influence information technology. The advanced health information technology can be deployed within pathology labs and pathology groups specifically to meet the change of patient expectations, along with this it supports the needs of physicians for optimal workflow. For instance, Aperio ePathAccess of the Leica Biosystems is software which enables sharing of the digital pathology images and case data with the experts outside the information technology network.

Teleconsultation: Availability of Disease Diagnosis in Remote Areas
The concern of the people staying in the remote regions is for travelling to the urban areas for the diagnosis of the diseases. The follow up for the results becomes difficult but with the help of the digital pathology the gap between the patients and diagnosing centers is bridged. Digital pathology has helped patient to reduce their travelling time and the cost of the treatments. In addition, the digital pathology set up is easy to adopt in the rural labs and the hospitals. Thus these factors are driving the growth of the digital pathology market.

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Strategic Insights
Product launch/update and agreements & collaborations were observed as the most adopted strategy in global digital pathology industry. Few of the product launches and agreements made by the players in the market are listed below;

2017: In February, Huron Digital Pathology launched major update to tissue scope whole slide imaging platform.

2017: In December, Visiopharm has entered an agreement with HAMAMATSU to sell their portfolio of slide scanners, co-branded as Oncotopix Scan, for clinical customers in Europe.

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