About Digital Pathology
Digital pathology includes the acquisition, management, sharing and interpretation of pathology information generated from digital slides in a digital environment. Digital slides are generated when glass slides are represented with a scanning device, to give a high-resolution digital image that can be seen on a computer screen or mobile device. A digital slide image produced which used for high resolution image viewing, interpretation of data and image analysis of digital pathology slides. In Healthcare applications, clinical research, primary diagnosis, diagnostic consultation, intraoperative diagnosis and manual & semi-quantitative review of immunohistochemistry (IHC) are included. Digital pathology is an innovation committed towards in enhancement in productivity, improvement in operational efficiency, improving decision of treatment & patient care and reduction in laboratory expenses.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 11.98% |
Competition among existing players is due to the Digital Pathology market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Digital Pathology Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United Stated Players will contribute the maximum growth to Global Digital Pathology market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Danaher Corporation (United States), Digipath (United States), Glencoe Software (United States), Hamamatsu Photonics (Japan), Indica Labs (United States), Koninklijke Philips (Netherland), Nikon Corporation (Japan), PerkinElmer (United States), Visiopharm (Denmark), Leica Biosystems (Germany), Ventana Medical Systems (United States) and HCL Technologies (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Pathology Devices (United States), Biogeniux (India), 3DHISTECH (Hungray), OptraSCAN (India), Pathcore (Canada) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Digital Pathology market by Type (Whole Slide Imaging, Image Analysis Informatics, Information Management System Storage & Communication, Digital IVD Devices and Others (Telepathology)), Application (Educational, Clinical and Pharma & Biotech Companies) and Region.
On the basis of geography, the market of Digital Pathology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Automated Hematology Analyzers & Blood Cell Counters will boost the Digital Pathology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancement in Medical Software industry and Emergence of artificial intelligence technology in digital pathology
Market Growth Drivers:
Increasing Use of Digital Pathology in Drug Development, Digital Pathology Cutting Off the Expenses of Laboratory, Reduction in Human Error and Improved Accuracy in Accuracy with the Help of Digital Pathology and Increasing Potential of Digital Pathology in Different Field Such as Consultation and Tissue-Based Research
Challenges:
Digital Pathology Is Must Be Integrated Into A Clinical Setting, Rapid and Stable Scanning and The Collection and Storage of Huge Medical Data has Raised Question In Terms Of Maintaining High Data Security
Restraints:
High Cost of Digital Pathology Solution and Unfavorable Reimbursement Policies
Opportunities:
Different Fields Including Radiology, Artificial Intelligence And Pathology Are Collaborating To Create More Efficient Digital Platforms And Streamlining Workflows.
Market Leaders and their expansionary development strategies
In February 2019, Danaher Corporation announced that, the company acquired the Biopharma business of GE Life Sciences (GE Biopharma). GE Biopharma leading provider of instruments and software to support process development and manufacturing workflows of biopharmaceutical drugs.
In December 2022, Deciphex, a provider of pathology software and services, has announced the launch of it Digital Research Pathology Platform, Patholytix 3.0. The new platform, which aims to revolutionize the tools available to research pathologists globally, is designed to overcome the limits of Laboratory Information Management System (LIMS) software that allows users to effectively manage samples and associated data.
Key Target Audience
Pharmaceutical & Biotechnology Companies, Research Institutes, Software and hardware companies, Government Organizations, Business Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.