The global Digital Pathology Market was valued at $395.64 Million in 2017 and is forecast to grow at a modest 13.4 % CAGR between 2018 and 2025. The factors driving the market growth include rising incidence of chronic disease, reduced cost and time saving and technological advancement.
It has wide usage in life science as high throughput scanning of glass slides, quantitative analysis of whole slide images, immediate web-based consultations with expert pathologists, and secure archival of pathology data. We are observing a steep rise in digital pathology due to its usage in clinical urgency, medical education, tissue-based research, drug development, and the practice of human pathology throughout the world. This will help in reducing laboratory expenses and increase operational efficiency. An aging population coupled with chronic conditions are going further drive the market.
In March 2017, Philips and LabPON enter into an agreement to create a digital database of massive aggregated sets of annotated pathology images and big data utilizing Philips IntelliSite Pathology Solution. LabPON transition to 100% histopathology digital diagnosis.
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Key findings from the study: –
- Digital pathology is a process of getting images from a digital glass slide and interpretation of acquired information.
- Based on technical categories, the market is segmented as whole Slide Imaging, Telepathology. Whole slide imaging (WSI) continues to gain traction among pathologists for diagnosis, education and research purpose.
- Based on application, the market is segmented as Academic Research, Diagnosis and Drug Discovery. We are observing its intense usage in academic research.
- Key players operating in the market include 3DHistech Inc, Leica Biosystems, Definiens, Olympus Corporation, GE Healthcare, Omynx LLC, Philips Healthcare, MicroSkan Technologies, Objective Pathology Services, LigoLAb LLC, Hamamatsu Photonics Inc. and Ventana Medical Systems, Inc.
Ameri Research has segmented the Global Digital Pathology Market by technology, application, end-use and region:
Digital Pathology Market by Technology Type (Revenue, Million, 2014 – 2025)
- Whole Slide Imaging
Digital PathologyMarket by Application Type (Revenue, Million, 2014 – 2025)
- Academic Research
- Drug Discovery
Digital Pathology Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia