Pune, India, July 20, 2022 (GLOBE NEWSWIRE) -- The global digital pathology market size is expected to grow due to the rising technological advancements in the healthcare sector during the forecast period. Fortune Business Insights™ publishes this information in an upcoming report titled, "Digital Pathology Market, 2021-2028".
Digital pathology is a system developed using advanced technologies that enable capturing, storing, and sharing images with health care providers worldwide. Introducing these systems allows reducing efforts and costs associated with pathological processes. Increasing efforts to reduce the waiting time and simplify the diagnosis process will boost the market in the coming years
Industry Development:
- January 2019: Roche introduced its new software for digital pathologies, uPath. This software provides properties to examine high-resolution images and patient conditions in a single view.
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COVID-19 Impact:
Emerging Technologies to Bolster Market Expansion
The widespread coronavirus affected various industries directly as well as indirectly. The pandemic has had a positive impact on the healthcare industry, where the rate of diagnosis and treatment has increased in the past few years. Growing demands for speedy treatments and report generation are likely to increase the healthcare sector's product requirements. Technological advancements in the industry have supported the development of digital systems to bolster market expansion during the pandemic period.
Drivers & Restraints:
Technological Advancements Boosts Market Growth
The global digital pathology market growth is expected to grow during the forecast period due to the increasing utilization of emerging technologies in the healthcare industry. The government initiatives imposed in segmented regions are anticipated to develop the market reach. The rise in patient pool and delay in radiography diagnostics encourages the healthcare sector to adopt digital solutions and increase product demands. However, a lack of technological infrastructure will likely hinder market growth.
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Regional Insights:
North America Dominates Market Due to Increasing Digitalization
North America dominates the global digital pathology market share during the projected period. Increasing digitalization in the regions allows companies to develop technologically advanced systems to ease the processes. Well-developed healthcare and technical infrastructure are likely to bolster market growth.
Europe holds the second-largest global market position owing to government funding and high investments into healthcare services. Leading players in the IT sector boost regional market development during the projected period.
Competitive Landscape:
Innovation Management Provide Lucrative Opportunities to Key Players
Key players in the market focus on forming strategic alliances with supporting organizations in the healthcare and pharmaceutical sector. Investing in R&D and developing advanced systems will allow companies to improve their performance by increasing productivity, resulting in profitability. Innovation and product differentiation strategies improve product portfolio and gain competitive advantage in the industry.
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Market Segments:
By technology, the market is divided into whole slide imaging, image analytics information, digital cytopathology, digital holography, microscopy, and others.
On the basis of application, the market is segregated into hematology analysis, blood cell counting, urine sediment analysis, disease diagnosis, and others.
The market is segmented into pathology laboratories, hospitals, pharmaceutical & biotechnology companies, diagnostic centers, and others based on the end-users.
Finally, by geography, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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Report Coverage:
The research report developed to analyze the digital pathology market growth potential holds factual information regarding mergers and acquisitions acquired by key players in the global market. Further, technological advancements in the market are assessed to understand major drivers to boost market growth. Business development strategies implemented by leading market players are evaluated to analyze the competitive environment. Major key performance indicators utilized to measure market performance are assessed further in this report. This report provides complete and correct information regarding drivers and restraints supporting market expansion.
Some of the Main Key Players Covered in the Digital Pathology Market Report
- 3DHistech Inc. (U.K.)
- ZIH Corp (U.S.)
- Mikroscan Technologies Inc. (U.S.)
- Objective Pathology Services (Canada)
- Hamamatsu Photonics K.K. (Japan)
- F. Hoffmann-La Roche Ltd. (Switzerland)
- Primera Technology (U.S.)
- CEREBRUM CORP (U.S.)
- Nikon Corporation (Japan)
- Biogenuix (India)
- Indica Labs Inc. (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Sectra AB (Sweden)
- Inspirata (U.S.)
- LigoLAb (U.S.)
- Leica Biosystems Nussloch GmbH (Germany)
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