Global Digital Pathology Market is Anticipated to Touch USD 726.2 Million by 2023: says Research Nester

The increasing prevalence of chronic diseases is forcing various healthcare companies and hospitals to move towards digital pathology from conventional pathology. Further, digital pathology is gaining popularity among pathologists owing to its integrated healthcare facilities and efficiency. Various healthcare industries such as labs, pharmaceuticals, hospitals and others are adopting digital pathology system due to the technological advancement and advantages of digital pathology over conventional pathology.
Global digital pathology market is anticipated to expand at a compound annual growth rate (CAGR) of 11.6% during the forecast period i.e. 2016-2023.
The market of the hardware digital pathology is projected to dominate the global digital pathology market by the end of period 2023. Hardware segment accounted for the largest market share, while services segment is projected to grow at the highest CAGR. The hardware digital pathology market is anticipated to expand at a CAGR of 10.6% during the forecast period i.e. 2016-2023.
Global digital pathology market is segmented on the basis of type, application, end users and region. Based on application, the market is segmented into tele-consultation, disease diagnosis, drug-discovery, education & training and pathology screening services. The disease diagnosis accounted for the largest market share, with a percentage share of 30.28% in overall digital pathology segment in 2016. Disease diagnosis digital pathology segment is further projected to witness CAGR of 11.1% during the forecast period i.e. 2016-2023. Stringent regulatory concerns for the primary diagnosis of disease in various countries are bolstering the demand for digital pathology for disease diagnosis.
The report titled “Global Digital Pathology Market Outlook 2023” also includes some prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
This report also studies existing competitive scenario of some of the key players of digital pathology market which includes profiling of Leica Biosystems Nussloch GMBH, GE Healthcare, Ventana Medical Systems, Inc., Hamamatsu Photonics K.K., Apollo Enterprise Imaging Corporation, Xifin, Inc., Definiens AG. The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Global Digital Pathology Market Outlook 2023”, analyses the overall digital pathology industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in Global Digital Pathology Market in near future.