Digital Pathology Market is Expected to Reach $5.7 Billion, Globally, by 2020 - Allied Market Research

Digital Pathology Market is Expected to Reach $5.7 Billion, Globally, by 2020
                           - Allied Market Research

  PR Newswire

  PORTLAND, Oregon, March 12, 2014

PORTLAND, Oregon, March 12, 2014 /PRNewswire/ --

According to a new report by Allied Market Research titled " Digital Pathology
Market - Global Industry Analysis, Size, Growth Trends, Share, Opportunities
and Forecast 2012  -  2020 ," the global digital pathology market was valued
at $2.2 billion in 2013, is estimated to reach $5.7 billion by 2020 at a CAGR
of 14.3% during 2013-2020. North America led the overall digital pathology
market, closely followed by Europe. The two regions accounted for about 79% of
total revenue in 2013. However, their collective share will be reduced to 2/3
^rd of the total revenue generated in 2020, largely due to the growing
dominance of Asia Pacific region.

To request a sample of the report, visit
http://www.alliedmarketresearch.com/digital-pathology-market

Digital pathology is an emerging technology in the pathology field, where the
glass slides are converted into digital images for easy viewing, analysis,
storage and management of the data collected. The development and recent
technological findings in the digital pathology market would push the
conventional pathology to more advanced and strategic levels. Due to the
advancement in the technology, concerns such as lack of qualified pathologists
would be addressed more effectively. "The decentralization approach in the
digital pathology market will make huge difference in the field of pathology.
The major factors influencing the market growth are cost efficient diagnosis,
efficiency in mundane workflow and analysis," according to Allied Market
Research analysts Debbie Shields and Rohini Patil. "These factors are
impacting the outcome of the overall diagnosis process. The efficient
technology impacts time, productivity and the level of patient care. However,
the factors restraining the market growth are the lack of reimbursement
policies by the governments, inefficient infrastructure and delayed
approvals," explained the analysts.

The digital pathology market is segmented based on components, namely whole
slide imaging (WSI), image analysis - informatics & storage, and communication
& integrated platforms. The WSI segment is largest contributor to the overall
global digital pathology market revenue in 2013. Though the segment will
partially lose market share over the next seven years, it will continue to be
the largest digital pathology product segment throughout the forecast period.
This is largely due to its capability to convert and share glass slides
digitally with ease, safety and at lower cost. The image analysis-informatics
market is expected to have the highest potential during 2013-2020, when
compared to the other components. The gradual refinement of analysis software
to provide higher accuracy in the analysis of digital slides will enable the
faster growth of the segment.

To browse all Medical Devices Market reports, visit
http://www.alliedmarketresearch.com/medical-devices-market-report

The end users segment of the digital pathology market is segmented into
pharmaceutical research, clinical organizations and educational institutes.
The pharmaceutical research accounted for the largest revenue in 2013 and will
continue to dominate the global pathology market throughout the analysis
period at highest CAGR of 16.9% during 2013 - 2020. The rise in revenue is due
to the increase in the use of digital pathology systems (DPS) for drug
development and discovery.

The report segments the global digital pathology market into four major
regions namely North America, Europe, Asia and Row. North America is the
largest segment due to the higher adoption of DPS in most of the labs across
the region. The Asian market is expected to have the highest CAGR compared to
the other regions during the analysis period. The rise in the Asian market is
due to the demand for better infrastructure and need for skilled pathologists.

The key strategies that are implemented by the manufactures to increase the
adoption, development and sales of the DPS are product launches, agreements
and partnerships. Most of the product launches target product up-gradation
with new and improved benefits, example- 3DHISTECH, in 2013, launched
Pannoramic 250 Flash - a next generation slide scanner, which has high speed
and faster scanning capacity.

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

Key market segments covered in the report:

By Components

  *Whole slide imaging (WSI)
  *Image analysis- informatics
  *Storage, and communication and integrated platforms

By End-users

  *Pharmaceutical research
  *Clinical organizations
  *Educational institutes

By Geography

  *North America
  *Europe
  *Asia
  *RoW

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