Global Market for Digital Pathology Systems is Projected to Reach US$545 Million by 2020

Technology Developments to Drive the Global Digital Pathology Systems Market, According to New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, market size and demand forecasts on the global Digital Pathology Systems market. Global market for Digital Pathology Systems is projected to reach US$545 million by 2020, driven by workflow efficiency benefits, cost reduction benefits, and technological advances.

Digital pathology broadly refers to application of digital information technologies to support pathology research and practice. A dynamic, image-driven model, digital pathology helps pathologists, histology personnel and laboratory managers to acquire, manage and interpret pathology-related information derived from digitized glass slides of specimens or tissue samples. Digital pathology systems are witnessing growth in adoption in various end-use applications such as diagnostic tests, drug discovery & development, education & training, and academic research in human pathology, veterinary pathology, oral pathology and forensic pathology. Major factors driving growth in demand include inherent benefits offered such as enhanced workflow efficiency, reduced costs of operating pathological processes, quicker acquisition of high resolution images, and faster and accurate diagnosis.

In addition, the need for compliance with regulatory standards related to information management, improving efficiency in drug development, emergence of companion diagnostics and benefits offered in the field of cancer diagnosis are also driving growth. Benefits such as the ability to share pathology cases among colleagues with ease, enable quick consultation with specialists, and allow quick access to archived digital pathology information are driving interest and adoption of digital pathology across clinical labs worldwide. Demand is also being driven by scarcity of skilled pathologists and excess workloads on pathology teams in research labs and hospitals.  

Technological advances are playing a pivotal role in encouraging adoption of digital pathology systems. Development in digital imaging techniques and improvements in system processing speeds, are driving demand. Significant advances have been achieved in the area of slide scanners, including improvement in scanner throughput. Developments are also afoot in the area of software, which is becoming progressively less complex.

As stated by the new market research report on Digital Pathology Systems, the United States represents the single largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a CAGR of 15.2% over the analysis period. Increasing awareness over the benefits of digital pathology, establishment of dedicated pathology labs to meet growing healthcare needs, increasing workload of pathologists and growing use in cancer diagnosis, represent factors driving growth in the region.

Major players in the market include 3DHISTECH Ltd., AccelPath Inc., Apollo PACS Inc., Corista LLC, Leica Microsystems GmbH, MikroScan Technologies Inc., Olympus America Inc., Omnyx LLC, and Ventana Medical Systems Inc., among others.

The research report titled "Digital Pathology Systems: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections in US$ for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain and Rest of Europe), Asia Pacific, Latin America and Rest of World.

Comments

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of s...
Read more

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system...
Read more
Image
The global market for Material Handling Equipment is projected to reach US$190.3 billion by 2025, driven by the strong emphasis shed on production and operational efficiency and worker safety. The concept of “last mile” is widely popularized in supply chain management and transportation planning for its ability to increase customer satisfaction and profitability. Automation, optimization and delivery route planning are therefore vital strategies adopted by companies to improve their last mile performance. Of equal importance are the “first mile” operations involving indoor material handling on the plant floor. Raw material being the primary and most importance element in manufacturing needs to move through multiple stages of production and final packaging in a smooth and seamless manner to prevent logistical bottlenecks in production. Timely handling of materials is important to ensure that right materials in right quantities are delivered to the right locations at the right ti...
Read more