Why Pathologist Must Embrace Digital Pathology Market?

The digital pathology is relatively a new and an upcoming technology that has digitalized the instruments used in the pathology labs for testing. The digitalization has led to the computerization of tests done during the diagnosis procedures. With the help digitalization of pathology labs, time consuming work would reduce and it would eventually prove to be cost effective solution.

Published date:15 Dec 2016
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The digital pathology is relatively a new and an upcoming technology that has digitalized the instruments used in the pathology labs for testing. The digitalization has led to the computerization of tests done during the diagnosis procedures. With the help digitalization of pathology labs, time consuming work would reduce and it would eventually prove to be cost effective solution.

There has been a notable rise in digital pathology labs and thus, there is a surge in demand owing to the benefits associated to it. Progressive Markets recently published a report on the market trends of digital pathology which offers valuable insights to many pathologist globally. As per the report, digital pathology market is estimated to reach a value of $1,052 million by 2022, registering a CAGR of 17.6% during 2016-2025.

Factors that are beneficial for the growth of digital pathology market:

Technological discoveries in the field of digital pathology

Scarcity of qualified pathologists

Growth in decentralization approach

Cost efficient diagnosis

Efficiency in day-to-day workflow and analysis

Market Deterrents:

Lack of reimbursement policies by the governments

Inefficient infrastructure and delayed approvals

The report divides the digital pathology market on the basis of communication & integrated platforms, image analysis - informatics & storage and whole slide imaging.

The WSI segment remains the largest revenue generating segment in 2013. It will continue to be the highest revenue generator by 2020.

The image analysis-informatics market would be the fastest growing sector.

End user segmentation of digital pathology market as per PM

Pharmaceutical research

Clinical organizations

Educational institutes

In terms of geographies, North America is the largest market. However, Asia Pacific is expected to have the highest growth rate due to need for skilled pathologist and demand for better infrastructure.

The prominent market players profiled in the report include, Digipath, Inc., Definiens AG, Ventana medical systems, Inc., Leica Microsystems Gmbh, Visiopharm, Nikon Corporation, Philips healthcare, Indica Labs, Inc, Omnyx LLC and 3DHISTECH, Ltd.

Alex Hillsberg

Written By

Alex Hillsberg

Chief editor of review team at FinancesOnline

Chief editor of review team at FinancesOnline Alex Hillsberg is an expert in the area of B2B and SaaS related products. He has worked for several B2B startups in the past and gathered a lot of first hand knowledge about the industry during that time.