Why Pathologist Must Embrace Digital Pathology Market?

12 Mar
2014

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The digital pathology is a new technology that has digitalized the instruments used in the pathology labs for testing. The digitalization has led to the automation of the tests done during the diagnosis procedures. With the help digitalization of pathology labs, time consuming work would be reduced and it ultimately prove to be cost effective.

We have seen a rise in digital pathology labs and hence, there seems to be a rising demand due to its various benefits. Allied market research published a latest report on the market trends of digital pathology which would help many pathologist globally. As per the report, digital pathology market is expected to reach a value of $5.7 billion by 2020 at a CAGR of 14.3% during 2013-2020.

Factors that are beneficial for the growth of digital pathology market:

Technological findings in the field of digital pathology
Lack of qualified pathologists
Increasing decentralization approach
Cost efficient diagnosis
Efficiency in mundane workflow and analysis

Market Deterrents:

Lack of reimbursement policies by the governments
Inefficient infrastructure and delayed approvals

The report segments digital pathology market on the basis of communication & integrated platforms, image analysis - informatics & storage and whole slide imaging.

The WSI segment remains the largest revenue generating segment in 2013. It will continue to be the highest revenue generator by 2020.
The image analysis-informatics market would be the fastest growing sector.

End user segmentation of digital pathology market as per AMR

Pharmaceutical research
Clinical organizations
Educational institutes

In terms of geographies, North America is the largest market. However, Asia Pacific is expected to have the highest growth rate due to need for skilled pathologist and demand for better infrastructure.

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.

Akhilesh Prabhugaonkar

Author's Bio- Akhilesh Prabhugaonkar holds a bachelor’s degree in Electronics Engineering from the reputed Vishwakarma Institute of Technology. He has a special interest in the fields of forensics, world history, international relations and foreign policy, sports, agriculture, astronomy, security, and oceanography. An ardent bibliophile and melophile, Akhilesh loves to write on topics of his interest and various other societal issues. This love for writing made him enter the professional world of content writing and pursue his career in this direction.

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