Digital Pathology Market to Surpass US$ 962.3 Million by 2026 - Coherent Market Insights

Published On : May 24, 2019

Global Digital Pathology Market, by Product Type (Software, Scanner, Communication System, and Storage System), by Application (Teleconsultation, Disease Diagnosis, Drug Discovery, and Education and Training), by End User (Pharmaceutical and Biotechnology Companies, Contract Research Organization, Hospital Laboratories, and Academic and Research Institutes), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 335.0 million in 2017, and is projected to exhibit a CAGR of 12.5 % over the forecast period (2018 – 2026), as highlighted in a new report published by Coherent Market Insights.

Increasing launch of new products to augment the market growth

Key players in the market are focused on launching new software and scanners to offer high efficiency and precision in testing of pathological conditions. For instance, in February 2019, Proscia announced the release of new edition of Concentriq platform. It is an image management solution that is designed to offer researchers and pathologist’s high efficiency in research and discovery.

Moreover, increasing incidences of syphilis and other sexually transmitted diseases is expected to boost the market growth. According to the World Health Organization (WHO), Report on Global Sexually Transmitted Infection Surveillance 2015, around 5.6 million cases of syphilis were registered worldwide in 2012.

Browse 37 Market Data Tables and 24 Figures spread through 134 Pages and in-depth TOC on ‘Digital Pathology Market’- Global Forecast to 2026, by Product Type (Software, Scanner, Communication System, and Storage System), by Application (Teleconsultation, Disease Diagnosis, Drug Discovery, and Education and Training), by End User (Pharmaceutical and Biotechnology Companies, Contract Research Organization, Hospital Laboratories, and Academic and Research Institutes), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

To know the latest trends and insights prevalent in the digital pathology market, click the link below:

https://www.coherentmarketinsights.com/market-insight/digital-pathology-market-379

Key players in the market are focused on adopting strategies such as mergers and acquisitions to enhance their product portfolio. For instance, in June 2018, Royal Philips and LabCorp announced collaboration to advance digital pathology and to enhance the efficiency of pathology diagnostics.

Key Takeaways of the Digital Pathology Market:

  • The global digital pathology market is expected to exhibit a CAGR of 12.5 % over the forecast period, owing to increasing prevalence of cancer, infectious diseases, and other disease conditions. For instance, according to the International Agency for Research on Cancer (IARC), around 2,093,876 new cases of lung cancer were registered worldwide in 2018.
  • Among application type, teleconsultation segment held a dominant position in the digital pathology market in 2018, owing to the lack of pathologists and increasing demand for efficient and fast diagnosis.
  • Among end users, pharmaceutical and biotechnology companies segment held a dominant position in the digital pathology market in 2018, as majority of the molecular assay and biopharmaceutical studies are performed in pharmaceutical and biotechnology companies.
  • Key players operating in the global digital pathology market include, Ventana Medical Systems, Inc., Definiens AG, Omnyx, LLC, Hamamatsu Photonics K.K, Corista LLC, GE Healthcare, Inspirata Co, Philips Healthcare, 3D-Histech Ltd., Olympus Corporation, Sectra AB, Leica Biosystems, Apollo Enterprise Imaging, Visiopharm, Huron Digital Pathology, Indica Labs, and Perkin Elmer, Inc.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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