Digital Pathology Systems Market Expected to Reach USD 492.8 Million Globally in 2020

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Transparency Market Research

Jan 13, 2015, 02:45 ET


Albany, New York (PRWEB) January 13, 2015 -- Transparency Market Research has published a new report titled "Digital Pathology Systems Market (By Technology - Virtual Microscopy, Telepathology (Static Telepathology and Dynamic Telepathology); By Applications - Drug Discovery and Development, Disease Diagnosis and Academic Research) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020" to its report store.
According to a new market research report published by Transparency Market Research “Digital Pathology Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” the global digital pathology systems market was valued at USD 228.9 million in 2013 and is estimated to reach a market worth of USD 492.8 million in 2020 growing at a CAGR of 11.9% from 2014 to 2020.

Digital pathology can be defined as a dynamic and image-based environment that enables management, interpretation and acquisition of pathology information from a digital slide to a computer screen. Digital pathology is poised to streamline the workflow and activities of diagnostic laboratories and pathologists in near future. It is considered as an emerging technology that offers substantial improvement in various applications such as drug discovery and development, diagnostic test and academic and academic research.

Browse the full Digital Pathology Systems Market: http://www.transparencymarketresearch.com/digital-pathology-systems.html

Accurate pathological assessment, cost effective, appropriate and timely treatment and delivery of high-quality healthcare are some of the prime factors that would accentuate the global market demand for digital pathology systems. Rising prevalence of cancer, increasing workload of pathologists and advancements in laboratory diagnostic tests drives the growth of digital pathology systems market globally. Sampling error and high initial setup cost is expected to hamper the demand of digital pathology systems market. In addition, stringent regulatory requirements for approval of digital pathology systems would affect commercialization of these devices/products and thereby reduce the market growth to some extent. On the other hand, countries in Asia-Pacific (India, Japan, China, Malaysia and Australia) hold immense potential for digital pathology systems market due to large patient pool suffering from various cancer coupled with increasing healthcare expenditure.

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The global market for digital pathology systems is segmented based on technology as virtual microscopy and telepathology. Digitizations of microscopic slides, cost effectiveness, easy to communicate and share digital information are some of the prime factors that support the growth of virtual microscopy for disease diagnosis and detection purpose. Thus, the global virtual microscopy segment market is expected to grow at the highest CAGR during the forecast period from 2014 to 2020. Telepathology segment is further categorized as static and dynamic telepathology. Dynamic telepathology is considered as the most promising technique in telepathology and is expected to grow at the highest CAGR during the forecast period owing to robust and reliable delivery of microscopic slide images. Stringent regulatory compliance pertaining to digital pathology systems approval procedure and their utilization in clinical settings might hamper the growth of digital pathology systems market to some extent.

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On the basis of geography, the digital pathology systems market is segmented as North America, Europe, Asia-Pacific and Rest of the World (RoW). North America represented the largest regional market for digital pathology systems in 2013 primarily due to rapid acceptance of digital pathology systems by anatomic pathologies in this region. Similarly, rising prevalence of cancer, growing workload on pathologists and increasing use of companion diagnostics is another reason due to which North America held the largest share in the global digital pathology systems market. For instance, American Cancer Society published that, around 300,000 men and 276,000 women died due to cancer in 2012 in the U.S. Europe accounted for the second largest share in the global digital pathology systems market in 2013. Large geriatric population base is one of the important factors driving the growth of digital pathology systems market in this region.
The global digital pathology systems market is segmented as follows:

Other Reports:

Digital Pathology Systems Market, by Technology

  • Virtual Microscopy
  • Telepathology
  • Static
  • Dynamic

Digital Pathology Systems Market, by Application

  • Drug Discovery and Development
  • Disease Diagnosis
  • Academic Research

Digital Pathology Systems Market, by Geography

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Sheela AK, Transparency Market Research, http://www.transparencymarketresearch.com, +1 518-618-1030, [email protected]