Global Digital Pathology Market (Components, End-Users and Geography) - Global Industry Analysis, Size, Growth Trends, Share, Opportunities and Forecast 2012-2020
DUBLIN, Apr. 02, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/kfdsl7/global_digital) has announced the addition of the "Global Digital Pathology Market (Components, End-Users and Geography) - Global Industry Analysis, Size, Growth Trends, Share, Opportunities and Forecast 2012-2020" report to their offering.
(Logo:http://photos.prnewswire.com/prnh/20130307/600769)
Digital Pathology Market is Expected to Reach $5.7 Billion, Globally, by 2020
The global digital pathology market was valued at $2.2 billion in 2013, is estimated to reach $5.7 billion by 2020 at a CAGR of 14.3% during 2013-2020. North America led the overall digital pathology market, closely followed by Europe. The two regions accounted for about 79% of total revenue in 2013.
However, their collective share will be reduced to 2/3rd of the total revenue generated in 2020, largely due to the growing dominance of Asia Pacific region. Digital pathology is an emerging technology in the pathology field, where the glass slides are converted into digital images for easy viewing, analysis, storage and management of the data collected. The development and recent technological findings in the digital pathology market would push the conventional pathology to more advanced and strategic levels. Due to the advancement in the technology, concerns such as lack of qualified pathologists would be addressed more effectively.
""The decentralization approach in the digital pathology market will make huge difference in the field of pathology. The major factors influencing the market growth are cost efficient diagnosis, efficiency in mundane workflow and analysis,"" according to analysts. ""These factors are impacting the outcome of the overall diagnosis process. The efficient technology impacts time, productivity and the level of patient care. However, the factors restraining the market growth are the lack of reimbursement policies by the governments, inefficient infrastructure and delayed approvals,"" explained the analysts.
The digital pathology market is segmented based on components, namely whole slide imaging (WSI), image analysis - informatics & storage, and communication & integrated platforms. The WSI segment is largest contributor to the overall global digital pathology market revenue in 2013. Though the segment will partially lose market share over the next seven years, it will continue to be the largest digital pathology product segment throughout the forecast period. This is largely due to its capability to convert and share glass slides digitally with ease, safety and at lower cost.
The image analysis-informatics market is expected to have the highest potential during 2013-2020, when compared to the other components. The gradual refinement of analysis software to provide higher accuracy in the analysis of digital slides will enable the faster growth of the segment. The end users segment of the digital pathology market is segmented into pharmaceutical research, clinical organizations and educational institutes.
Key Topics Covered:
CHAPTER 1 INTRODUCTION
CHAPTER 2 EXCECUTIVE SUMMARY
CHAPTER 3 GLOBAL DIGITAL PATHOLOGY MARKET OVERVIEW
CHAPTER 4 GLOBAL DIGITAL PATHOLOGY MARKET BY PRODUCTS
CHAPTER 5 GLOBAL DIGITAL PATHOLOGY MARKET BY END USERS
CHAPTER 6 GLOBAL DIGITAL PATHOLOGY MARKET BY GEOGRAPHY
CHAPTER 7 COMPANY PROFILES
Companies Mentioned:
- 3DHISTECH Ltd.
- Definiens AG
- Digipath Inc.
- Indica Labs Inc
- Leica Microsystems Gmbh
- Nikon Corporation
- Omnyx LLC
- Philips healthcare
- Ventana medical systems Inc.
- Visiopharm
For more information visit http://www.researchandmarkets.com/research/kfdsl7/global_digital
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
Share this article