Digital Pathology Market Overview:
Global Digital Pathology Market report is the process of transforming glass slides into digital slides that can be viewed, handled, and interpreted on a computer monitor. In 2017, the U.S. Food and Drug Administration approved the marketing of the first full slide imaging system for digital pathology, gaining recognition, authentication, and worldwide acceptance of this technology. The increasing implementation of digital pathology in education and training and the integration of AI into digital pathology systems are significant factors fostering market growth. The U.S., the U.K., and Germany are presently the prominent markets for digital pathology.
The global digital pathology market was valued at USD 541.61 million in 2019 and is expected to grow at 13.18% CAGR during the forecast study period.
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The Major Players Covered in this Report: Some of the notable market players in the market are:, Leica Biosystems, Koninklijke Philips N.V., Hoffmann-La Roche Ltd, 3DHISTECH, Apollo Enterprise Imaging, XIFIN, Huron Digital Pathology, Visiopharm A/S., Corista, Indica Labs, Objective Pathology Services, Sectra AB, OptraSCAN, Glencoe Software, Inspirata, Inc., Mikroscan Technologies, Proscia Inc., Kanteron Systems & More.
The market for digital pathology is in the growth phase, with prominent players taking efforts to differentiate their products from the other market players, and companies are adopting strategies such as the development of new technology, products, and collaboration with the other players and research institutes.
By Product, Scanners, Software, Communication Systems, Storage Systems By Type, Human Pathology, Veterinary Pathology By Application, Drug Discovery, Disease Diagnosis, Teleconsultation, Training and Education By End-User, Pharmaceutical and Biotechnology Companies, Hospitals and Reference Laboratories, Academic and Research Institutes
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Years that have been considered for the study of this report are as follows:
- History Year: 2015-2019
- Base Year: 2019
- Estimated Year: 2020
- Forecast Year: 2020 to 2029
Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Digital Pathology in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Digital Pathology market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Digital Pathology and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Digital Pathology. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.
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- In March 2020, Pathcore announced to offer PathcoreFlow platform at no cost during the COVID-19 crisis to enable remote teams in pathology to continue the work and research from the safety of their own homes.
- In February 2019, Neuberg Diagnostics and OptraSCAN Inc. launched a new joint venture called Neuberg DIGIPATH, a Global TELEPath Network for the pathology community in the UAE, India, and South Africa, thereby offering advanced and affordable digital pathology solutions.
- In January 2019, XIFIN, Inc. launched VisualStrata, the only precision medicine informatics platform that curates and visualizes diagnostic, clinical and financial data to document the patient journey through diagnosis, treatment, and outcomes
- In March 2018, F. Hoffmann-La Roche Ltd launched VENTANA DP 200 optical pathology slide scanner.
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