Industry Background:
Digital Telepathology is the practice of remote pathology using telecommunication links to enable the electronic transmission of digital pathology images and it can be used for remotely rendering primary diagnoses, quality assurance, second opinion consultations, and research and education purposes. Digital Telepathology is used to aid a growing number of laboratories around the world to deliver pathology services by allowing them to easily connect with professionals. Telepathology is also used to enhance the efficiency of pathology services between hospitals less than a mile apart, and this has led to significant growth of the digital telepathology market over the forecast period.This growth is primarily driven by Increasing Clinical Urgency to Accept Telepathology to Improve Present Patient Diagnostic Imaging Events
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Services sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as GE Healthcare (United States), Leica Biosystems Nussloch GmbH (Germany), Ventana Medical Systems, Inc. (United States), Olympus Corporation (Japan), Koninklijke Philips N.V. (Netherlands), Mikroscan Technologies, Inc. (United States), Diagnostic Instruments Inc (United States), eVisit Telemedicine Solution (United States), Teleconsult Europe (Netherlands) and Unilabs (Switzerland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In December 2023, iCAD, a company specializing in AI-powered cancer diagnostics, has acquired Inspirata, a provider of digital pathology solutions. This merger will create a leading company in digital pathology and AI-powered cancer diagnostics.
In November 2023, Philips, a leading provider of healthcare technology, has partnered with UPMC, a major healthcare system in the US, to offer a digital telepathology platform for its network of hospitals and laboratories. This partnership will enable UPMC to improve access to pathology services for patients and physicians across its system.The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
Rising Digitalization and Information Technology across the Globe
Market Growth Drivers:
Increasing Clinical Urgency to Accept Telepathology to Improve Present Patient Diagnostic Imaging Events and High costs associated with Conventional Diagnostics is Driving the Growth of Digital Telepathology Market
Challenges:
Scarcity of Skilled Professionals is Hindering the Market Growth and Digital Telepathology has limited mostly to Large Academic Institutions
Restraints:
High Cost of Telepathology Devices
Opportunities:
Growing Prevalence of Chronic Diseases and Technological Advancements in the Healthcare Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Digital Telepathology Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Digital Telepathology Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Digital Telepathology players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Digital Telepathology Study Sheds Light on
The Digital Telepathology Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Digital Telepathology industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Digital Telepathology industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.