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Digital Pathology Market to Generate $1791.30 Million by 2030, States the Report by Allied Market Research
Allied Market Research published a research report on the global digital pathology market. The findings of the report states that the global market for digital pathology generated $735.75 million in 2020, and is projected to reach $1791.30 million by 2030, witnessing a CAGR of 9.3% from 2021 to 2030.
The report offers valuable information on changing market dynamics, major segments, top investment pockets, and competitive scenario for market players, investors, shareholders, and new entrants.
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The report provides detailed insights on drivers, restrains, and opportunities to help the market players in devising several growth strategies. Use of digital pathology in disease diagnosis, rise in the trend of digitalization in the medical sector, ease of consultation, and growth in diagnostic services in remote regions drive the growth of the global digital pathology market. On the other hand, lack of reimbursement policies and high cost of digital pathology solutions restrain the growth to some extent. However, increase in potential of digital pathology is projected to create numerous opportunities in the industry.
The report provides a detailed scenario of the impact of the Covid-19 pandemic on the digital pathology market globally. The Center for Devices and Radiological Health of the U.S. FDA released an enforcement policy for remote digital pathology devices, which are intended for pathologists, clinical laboratories, and drug administration staff. And, increase in cases of chronic diseases heightened the usage of digital pathology systems for diagnosis, thereby impacting the global digital pathology market positively. This drift is pretty likely to continue post-pandemic as well.
"Alarming rise in prevalence of chronic diseases, advancements in digital pathology system, rise in government & private funds for development of healthcare sectors, and increase in number of teleconsultations are expected to notably contribute toward the growth of the global digital pathology market during the forecast period.." said Onkar Sumant, Manager, Healthcare, at Allied Market Research.
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The report offers detailed segmentation of the global digital pathology market based on type, application, end-user, and region. These insights are helpful for new as well as existing market players to capitalize on the fastest growing and largest revenue generating segments to accomplish growth in the future.
Based on product type, the scanners segment accounted for the major share in 2020, holding more than two-thirds of the global market. The same segment would also exhibit the fastest CAGR of 9.6% throughout the forecast period.
Based on application type, the disease diagnosis segment generated the highest share in 2020, accounting for more than one-third of the global market. The same segment would also portray the fastest CAGR of 9.8% from 2021 to 2030.
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Based on region, the market across North America held the lion's share in 2020, garnering nearly half of the global market. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 10.6% by the end of 2030. The other provinces studied in the report include Europe and LAMEA.
The key market players analyzed in the global digital pathology market report include Danaher Corporation, Glencoe Software Inc., Perkinelmer Inc., HAMAMTSU Photonics K.K, Indica Labs Inc., 3DHISTECH LTD, Roche, Koninklijke Philips N.V, Nikon Corporation, and VisoPharma A/S.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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