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Global digital pathology market to touch USD 5.7 billion by 2020

Mumbai, India – June 3, 2014: As per research statistics, the global digital pathology market has been performing well, and is forecasted to continue to expand over the period of 2013 to 2020. The new field of digital pathology ensures the conversion of glass slides into developed digital images designed to assist pathologists in simplified detection, analysis and preservation of the collected data. 

 

This report: Digital Pathology Insights: Imaging Technologies, Expert Perspectives, Standardization, and Current Outlooks, discusses in detail the main market drivers and characteristics, challenges and significant vendors of the global digital pathology market.

 

Key drivers of the digital pathology market

The traditional procedures of pathology are gradually being replaced by modern, automatic machineries which have enhanced the efficacy in tests analysis and consequently minimize the time of obtaining the test outcome. This process thus allows patients better healthcare, through optimum test analysis in reduced time attained from high end digital pathological equipment, a key trend that has been driving the growth of this market segment in both developing and developed markets.

The digital pathology market is expected to grow at a CAGR of 14.3% in the years between 2013 and 2020 and is expected to reach USD 5.7 billion within 2020. The digital pathology segment comprises three components namely communication and associated forums, whole slide imaging or WSI and image analysis. In 2013, the WSI segment was responsible for helping the market earn wholesome revenues.

 

Main leading markets

America is one of the largest players of this market followed closely by Europe. Asian markets are also believed to grow considerably by 2020 given the increased demand for better healthcare facilities as well as rising disposable incomes in middle-class households. Strict government laws and incompetent equipment are some of the current challenges faced by this industry.

 

Vendors

Carl Zeiss Microscopy GmbH, Huron Technologies, DigiPath Corp, FFEI Ltd., Philips Digital Pathology Solutions, Nikon Instruments, 3DHISTECH, etc. are some of the key vendors that have been dominating the market.

 

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