Global Digital Pathology Systems Market: Growing Demand for Virtual Microscopy to Expand Market at 11.9% CAGR

Albany, New York: Market Research Reports Search Engine (MRRSE) has added a new report to its repository. The report, titled “Digital Pathology Systems Market (By Technology - Virtual Microscopy, Telepathology (Static Telepathology and Dynamic Telepathology); By Applications - Drug Discovery and Development, Disease Diagnosis and Academic Research) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, offers an overview of the global digital pathology systems market. The market is projected to expand at a CAGR of 11.9% from 2014 to 2020 and reach a valuation of US$492.8 mn by 2020. The report studies the market on the basis of technology, applications, and regions. The report further profiles some of the key players in the global digital pathology systems market.

The report states out that the rising prevalence of cancer, coupled with improvement in laboratory diagnostics, has accelerated the growth of the global digital pathology systems market. The increasing workload on pathologists has led to the demand for development of digital pathology systems. However, the report mentions that the strict regulatory requirements and prolonged duration for the approval of digital pathology systems will negatively affect the manufacturers for product commercialization. The overall market has a huge opportunity to grow in the anatomical pathology laboratories.

Browse Full Global Digital Pathology Systems Market Report with TOC: http://www.mrrse.com/digital-pathology-systems

In terms of technology, the report segments the global digital pathology systems market into telepathology and virtual microscopy. Telepathology has been sub-segmented into static and dynamic telepathology. The virtual microscopy segment dominated the overall market in 2013 and is expected to display the highest growth during the forecast period due to digitalization of microscopic slides.

According to applications, the global digital pathology systems market has been categorized into drug discovery and development, academic research, and disease diagnosis. The disease diagnosis application segment accounted for the largest share in the market in 2013. The growth of this segment can be attributed to minimal diagnostic errors and efficient test results. During the forecast period, the demand for digital pathology systems across academic research is expected to surge with extensive tumor morphological studies and biomarker profiling.

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The report studies the global digital pathology systems market across four key regions: Asia Pacific, North America, Europe, and Rest of the World. In 2013, North America accounted for the largest share in the market and is expected to grow at a steady rate during the forecast horizon. The growth of the North America digital pathology systems market can be attributed to growing usage of companion diagnostics and favorable reimbursement policies. Europe emerged as the second largest region in the market in 2013. The growing geriatric population in the European Union has contributed majorly towards the growth of the market. However, during the forecast horizon, the region is expected to witness the slowest growth owing to economic downturn.

Describing the competitive landscape, the report profiles some of the prominent players in the global digital pathology systems market such as GE Healthcare, Olympus Corporation, Ventana Medical Systems Inc., Philips Healthcare, Mikroscan Technologies Inc., and Leica Biosystems.

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