A basic outline of the Industry of Digital Pathology that entails the definition, classification and industry chain structure was recently presented in the Digital Pathology Market Specialized Survey Report of 2018 by Global QYResearch. The in- depth analysis of the trends in the market of Digital Pathology along with the development, drivers and constraints that aid in clear- decision making insights were covered in the aforesaid report which has been added to Global QYResearch.
In 2016, the value of the global digital pathology market was $3,323 million. It is being estimated that the market will register a CAGR of 14.8% in the seven year time period from 2016 to 20123; reaching the value of $8,668 million by the year 2023.
The factors that can be credited for the reason behind the anticipated boost in growth of the global pathology market include the ease of virtual transportation of slides, highly efficient digital pathology systems and the efficient cost of digital pathology products. Not to forget that preference of digital pathology over conventional pathology diagnosis is a major contributor to its growth.
The report covers a rudimentary synopsis of North America, Europe, Middle East, Africa, Asia- Pacific and South America as the geographical regions.
Digipath Inc., Hamamatsu Photonics K.K, Indica Labs Inc., Danaher Corporation, Pixcelldata Ltd., Visiopharm A/S, Nikon Corporation, Koninklijke Philips N.V are the main players focused in the report.
The threats and barriers for the market that the report has discussed include the unclear reimbursement policies, the disinclination towards adopting new technology of the older pathologists and the lack of skilled personnel in the field.
Nevertheless, it will not be wrong to assume that many growth opportunities may present themselves for the service providers in the future thanks to the initiatives towards the commercialization of cost- efficient digital pathology systems.
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