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Leica Biosystems, Ventana Medical Systems, Philips Healthcare dominate the Digital Pathology Market

Posted by Bhavna J on

Knowledge Sourcing Intelligence announces the publication of a new report "Digital Pathology Market - Forecasts from 2016 to 2021" to their offering. The report has segmented the digital pathology market by Product (Scanners, Software and EMR and Information Management Systems), End-Users (Hospitals, Pharmaceutical Companies, Laboratories), by Application (Drug Discovery and Development, Disease Diagnosis and Academic Research) and geography (Americas, Europe Middle East and Africa, and Asia Pacific). Analysts at Knowledge Sourcing Intelligence estimate that the global digital pathology market to grow from US$440.810 million in 2016 to US$931.599 million by 2022, at a CAGR of 13.28% % over the forecast period.

Factors driving the market are, growing need for integration of healthcare systems with hospitals, customers, and laboratories, rising healthcare expenditure across major markets, increase in medical R&D activities globally, rising number of cancer cases, and increasing need for drug discovery and diagnostics. Digitization of healthcare facilities in the form of electronic medical records and laboratory information management systems is expected to bolster further growth.

Digital Pathology Software to witness highest market growth by product while hospitals to lead by end-users.

The increasing application of digital pathology solutions in drug discovery and development, disease diagnosis and academic research, coupled with rising demand for time-saving and efficient software for clinical diagnosis is expected to drive significant growth in the market which will be strengthened by gradual regulatory shift across regions allowing the technology to be used for primary diagnosis.

Asia Pacific to witness fastest regional market growth during the forecasted period.

In Asia Pacific region, countries such as China and India are projected to witness high market growth due to a favorable regulatory environment and increasing digitization of processes. North America region is also expected to witness considerable market growth during the forecasted period attributable to FDA approval for primary diagnosis on the anvil and a robust R&D landscape.

The key players of global digital pathology market covered in this report include Leica Biosystems, Ventana Medical Systems, Philips Healthcare, Hamamatsu Photonics K.K., Nikon Corporation, 3DHistech, Corista LLC, Huron Digital Pathology, Visiopharm, and Mikroscan Technologies.

This report contains the market analysis on the current trends in the digital pathology market and the opportunities for the vendors over the next six years. It provides deep insights into the drivers and restraints of the industry. Digital Pathology Market report also consists of in-depth regional analysis. A lot of statistically relevant tools and detailed industry analysis models such as scenario analysis have been used to forecast the market trends and forecasts up to the year 2022.

The report also talks about the strategies adopted by the industry leaders to gain an advantage over competitors and the recent deals that they have gone into to position themselves better in this market.
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Knowledge Sourcing Intelligence is a market research and consulting firm based out of India. Driven by industry experts, the company provides syndicated reports, custom research, and consulting services. Our proprietary data analytics model blended with quality primary and secondary research data assists in generating quality reports providing crucial insights to managers and decision makers. The services offered by us help companies to gain required competitive edge. Our expertise across 10 industries such as ICT, Chemicals, Semiconductors, Healthcare among others caters to diverse client needs.

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