Digital Pathology Market is Expected to Hold Larger Market Share in Near Future: Radiant Insights, Inc.

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Sep 25, 2018, 05:40 ET

SAN FRANCISCO, September 25, 2018 /PRNewswire/ --

Global Digital Pathology Market is anticipated to grow considerably in the forecast period owing to the need for implementing speedy diagnostic tools for chronic disorders like cancer and increase in work efficiency of pathology workers. Digital pathology is the integration of acquisition, management, sharing and interpretation of pathology information that comprises slides and data in digital environment. The digital slides are generated when a glass is captured with scanning device to offer high resolution digital image. The image can be viewed on a mobile device or computer screen for further analysis and interpretation. Digital pathology converts analog microscopic images into digital images which is also known as digital imaging, virtual microscopy or virtual slides. Digital imaging in pathology is all set to improve workflow, which increases productivity while reducing costs, enabling automated image analysis and quality control. However, the efficient use of digital slides is still a challenge. The emergence of mod whole slide imaging has improved the medicine diagnostic method impressively, which impacts the digital pathology market in the forecast period.

The growing advancements and developments of conventional pathology has resulted in extensive use of digital pathology. Hence, technological modernizations impact the digital pathology market significantly in the coming years. Additionally, rise in applications of digital pathology for medical consultation, especially for cancers, stimulates the growth of digital pathology market. Other factors contributing to the market growth comprise increase in chronic diseases and streamlining of virtual transportation of slides. Nevertheless, lack of reimbursement policies, insufficient infrastructure and costly pathological devices hamper the digital pathology market growth. Owing to the benefits offered by image analysis informatics like support in easy analysis of magnitude of images and in studying complex morphologies and features, image analysis informatics is predicted to register considerable growth rate in future. Moreover, it allows comparison of data with other data for acquiring better decisions, which again boosts the digital pathology market growth.

Access 152 page research report with TOC on "Digital Pathology Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/global-digital-pathology-market-research-report-2018

Digital pathology market is categorized on the basis of product, application, end-user and geography. On the basis of product, digital pathology market is divided into Software, Scanner, Communication system, and Storage system. Software segment is projected to dominate the digital pathology market in the coming years due to the availability of user-friendly, analytical, and innovative functions for pathology diagnosis. Depending on application, digital pathology market is classified into Teleconsultation, Disease Diagnosis, Drug Discovery, and Education and Training. Teleconsultation segment is expected to hold larger market share in near future. On the basis of end user, digital pathology market is divided into Pharmaceutical and Biotechnology companies, CRO, Hospital laboratories, and Academic and Research institutes. Pharmaceutical and Biotechnology companies are estimated to hold larger market share due to increasing use of digital pathology for bio-banking, biopharmaceutical studies, and molecular assays.

Geographically, digital pathology market is segmented as North America, Europe, Asia Pacific and RoW. North America followed by Europe dominates the digital pathology market owing to increase in initiatives by the market players and governments in diagnostics and the rise in incidences of chronic diseases. The key players of digital pathology market are Perkin Elmer, Inc., Definiens AG, Omnyx, LLC, Hamamatsu Photonics K.K, GE Healthcare, Corista LLC, Inspirata Co, Philips Healthcare, 3D-Histech Ltd., Olympus Corporation, Sectra AB, Ventana Medical Systems, Inc., etc. Digital Pathology Report by Material, Application, and Geography - Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).

The report firstly introduced the Digital Pathology basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

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SOURCE Radiant Insights, Inc.