Global Digital Pathology Market worth $576.83 million by 2021

According to the report "Global Digital Pathology Market by Type, By Product, By Application, By End User and by Region", published by Market Data Forecast, the global market is projected to reach USD 576.83 million by 2021, at a CAGR of 11.54% from 2016 to 2021.

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Digital pathology by definition is an image-based information environment for management, analysis, and interpretation of the medical information achieved from a digital slide. In a nutshell, the digitalization of conventional pathology lab is referred as digital pathology. This technology has gained momentum in the global medical and healthcare industry, due to the improvements it brings in a number of applications such as drug discoveries, development of multi-functional devices, diagnostic tests and other research purposes.

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Increasing no. of cancer cases, growing presence of tele-consultations, high efficacy of digital pathology systems with increased adoption rate and more initiatives undertook by government as well as private companies are helping the cause of the digital pathology market. On the other hand, barriers such as strict regulatory concerns for primary diagnosis, lack of standard guidelines for digital pathology, nonexistence of reimbursement and deficiency in skilled personnel are some of the major factors that are constraining the market in all likelihood. However, mounting requirement for sophisticated healthcare facilities which can be met through establishing digital pathology systems, would offer lucrative opportunities for the service providers in the future if they can overcome threats like high cost of installing new technology or building new infrastructure.

Global Market for Digital pathology is segmented by Type, By Product, By Application, By End User and by Region.

1. By Type
• Human Digital Pathology
• Animal Digital Pathology

2. By Product
• Scanners, Software
• Communication Systems
• Storage Systems

3. By Application
• Teleconsultation
• Diseases Diagnosis
• Drug Discovery
• Training and Education

4. By End User
• Pharmaceutical Companies
• Hospitals
• Academic Institutions

5. By Geography
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East and Africa

Some of the key players operating in the market include Perkin Elmer, Inc., Definiens AG, Sectra AB, Koninklijke Philips N.V, GE Healthcare, Inspirata Co., Ventana Medical Systems, Inc., Leica Biosystems, 3D-Histech Ltd, Hamamatsu Photonics, K.K., Digipath Co., ZEISS, Olympus Corporation, Yokogawa Electronic Corporation and Quorum Technologies Inc.

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