The market research report, entitled Digital Pathology Market shows good possibilities in the Digital Pathology Market during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges and key players in the market.
Global Digital Pathology Market Forecast:
The Digital Pathology Market is projected to grow from USD 585.2 million in 2020 to USD 1,230.6 million by 2026 at a CAGR of over 13.2% during the forecast period. Digital pathology is referred to as an image-based information setting that is enabled by computer technology which allows management of information generated via a digital slide. Digitalization of pathology has further led to the automation of tests during disease diagnosis among other applications. A single digital device can perform tests that were previously carried out using five instruments by pathologists. These solutions offer analysis scrutiny of images on a computer, online storage of digital slides, and high-resolution sample scanning, which helps the pathologists to cross-examine slides without physical evidences.
The following are some of the key players in the Digital Pathology Market:
- Danaher (The U.S.),
- Hamamatsu Photonics, Inc (Japan),
- Koninklijke Philips N.V. (Netherlands),
- Olympus Corporation (Japan),
- F. Hoffmann-La Roche Ltd (Switzerland),
- Mikroscan Technologies (The U.S.),
- Inspirata, Inc (The U.S.),
- Visiopharm A/S (Denmark),
- Huron Digital Pathology (Canada),
- 3DHISTECH Ltd. (Hungary).
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COVID-19 Impact on Global Digital Pathology Market
The COVID-19 pandemic is likely to favourably impact market growth. To curb the spread of the virus, countries worldwide are imposing restrictions and are promoting social distancing measures. Strict restrictions on the movement of people are further expected to negatively impact land-based casino operations.
Digital Pathology Market Segmentation:
The report segments based upon demographics, geographics, benefits and volume etc, has different driving factors and identifies the most-attractive segments and sub-segments. Digital Pathology Market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns and increase market share and revenue.
Based on product, the global digital pathology market has been segmented into software, device, storage, and system. Among these, the device segment witnessed the highest market share in 2020 and is projected to register a healthy CAGR during the assessment period. This is mainly ascribed to the rise in academic research activities and improved resolution of slide management systems and scanners, thereby bolstering the segment growth.
Note: This report will be refreshed to consolidate the effect of COVID-19, available for the time of 2022 to 2026.
By region, the North American market accounted for the largest market share of over 40% in 2020 and is likely to grow at a robust CAGR during the review period. This can be attributed to supportive government initiatives about the development of technologically advanced systems, continual deployment of RD investments, growing adoption of digital imaging, and the presence of major players boosting the industry growth in the region.
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