Need for cost reduction in laboratories, demand for improved patient care, and enhanced operational efficiency is driving the German digital pathology market. Furthermore, accuracy, ease in remote pathological testing along with acceptability from pathologists and laboratories are other factors that majorly drive this market. However, inadequate infrastructure, lack of reimbursement policies and pending market approvals restrain the market growth.
Growth of the market is mainly attributed to factors such as high efficiency of digital pathology systems, ease of virtual transportation of slides, efficient cost of digital pathology products, and increased efficiency. In addition, higher adoption of digital pathology over conventional pathology treatments further drives the world market.
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Better treatment option, ease of use, cost-effective treatment, and technological advancements coupled with development of advanced products by companies such as Philips and Leica will further drive the German digital pathology marketâ€ states Adnan Malik, Research Analyst, Healthcare Research at AMR. He further adds, â€œLeica is one of the leading company in the digital pathology market both globally as well as in Germany and occupies a significant market share. However, digital pathology being a profitable market; local companies such as VMscope and microDimensions face intense competition and increasing rivalry from international players to occupy a potential chunk of the growing market.
Pharmaceutical & biotechnology companies was the second highest revenue-generating segment due to the increase in use of DPS in the diagnosis sectors such as cancer diagnosis. Educational institutes had the lowest revenue among all the segments. This low market share can be attributed to the low use of DPS in the educational institutes as it has very limited adoption, due to the expenses involved in its setup.
Digital Pathology, By Product:
The services provided by the manufactures of scanners include high-resolution sample scanners and software to analyze slides and services for slide storage. The systems are available in desktop size, network infrastructure, server, processor, and computers along with 20-inch monitors. The cost of the systems varies from $30,000 to $1 million.
Comprehensive competitive analysis and profiles of major market players, such as
Key players operating in the market include Visiopharm, Digipath Inc. Koninklinje Philips N. V., PerkinElmer, Inc., Danaher Corporation (Leica Microsystem), Nikon Corporation, Carl Zeiss AG, Definiens AG, VMscope GmbH and microDimensions GmbH. Other players in the value chain include Indica Labs, Hamamatsu Photonics Europe GmbH, Pixcelldata Ltd., Glencoe Software Inc.
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