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Global Digital Pathology Market, Trends, Analysis, Opportunities, Share and Forecast – 2019-2025
Digital Pathology Market
The digital pathology market accounted for $512 million in 2018 and is expected to reach $1,390 million by 2025, at a CAGR of 13.3% from 2019 to 2025.
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In 2018, the scanners segment is the major shareholder in the market and is expected to register a considerable growth rate during the forecast period. significance offered by digital pathology scanners is it aids in analyzing a multitude of images with ease and in studying complex morphologies & features that stimulates this market growth. In addition, these systems perform repeated data analysis across experiments and produce high-resolution images. Moreover, recent approvals granted by the FDA boost the growth of the digital pathology scanners market.
However, Asia-Pacific is expected to exhibit the fastest growth rate for the forecast period, owing to the boost in awareness related to digital pathology systems. The other factors that boost the growth of the market include the presence of a huge patient base suffering from chronic & infectious diseases and a rise in healthcare expenditure in the region. The constantly evolving life science industry is anticipated to offer lucrative opportunities for market expansion in the developing economies such as India, China, and Malaysia.
The major players operating in the market include 3DHISTECH Ltd., Danaher Corporation (Leica Microsystem), Glencoe Software, Inc., Hamamatsu Photonics K.K., Indica Labs Inc., Koninklijke Philips N.V., Nikon Corporation, PerkinElmer Inc., Roche (Ventana Medical Systems, Inc.), and Visiopharm A/S.
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