According to the latest report by IMARC Group, titled “Digital Pathology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global digital pathology market reached a value of US$ 764.6 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,409.1 Million by 2027, exhibiting a CAGR of 10.85% during 2022-2027. Digital pathology, also referred to as virtual microscopy, includes the shooting, managing, analyzing, and decoding of virtual information from a tumbler slide. It helps improve lab efficiency by reducing costs, decreasing turnaround times, and providing users with access to subject-matter expertise. Consequently, they find extensive application in disease diagnosis, drug discovery, teleconsultation, and training & and education.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
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Global Digital Pathology Market Trends:
The global market is primarily driven by the rising prevalence of cancer among the masses cases. Furthermore, the growing application of digital pathology in drug development & and companion diagnostics is positively influencing the market growth. Apart from this, the growing rising need for better remote access to assess the patient’s diagnostic tests is significantly contributing to the market growth. Moreover, the increasing investments by key market players to develop affordable scanners for private pathology practices is are creating a positive outlook for the market. Besides this, the widespread utilization of digital pathology across numerous pharmaceutical and biotechnology companies for drug discovery studies and drug toxicology testing is providing a boost to market growth. Additionally, the increasing adoption of telepathology across the globe is also providing an impetus to market growth.
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Key Market Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- 3DHISTECH
- Apollo Enterprise Imaging
- Corista
- Hamamatsu Photonics
- Huron Digital Pathology
- Indica Labs
- Koninklijke Philips
- Leica Biosystems
- Objective Pathology Services
- Ventana Medical Systems
- Visiopharm
- XIFIN
Breakup by Product:
- Scanners
- Software
- Storage Systems
- Communication Systems
Breakup by Type:
- Human Pathology
- Veterinary Pathology
Breakup by Delivery Model:
- On-premises
- Hosted
Breakup by Application:
- Training and Education
- Consulting Services
- Intraoperative Consultation
- Routine Diagnostic Consultation Services
- Others
Breakup by End-User:
- Pharmaceutical & Biotechnology Companies
- Hospitals and Reference Laboratories
- Academic & Research Institutes
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance 2016-2021
- Market Outlook 2022-2027
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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