MarketsandMarkets: Global Digital Pathology Market Worth $336.6 Million by 2017

| October 2, 2012

MarketsandMarkets: Global Digital Pathology Market Worth $336.6 Million by 2017 (via PR Newswire)

The market size mentioned here comes in less (multi-billion dollar size) than was previously mentioned hereherehere, here and here. No way for me to know the appropriate figure, I mean, who am I to argue with market researchers who get paid to make predictions and claims such as forecasting the world pet food market will be $75 billion dollars by 2017, the tissue diagnostic market will double within a few years or that the worldwide digital pathology market size is will reach $336.61 million by the end of the next presidential term.
With that being said, I think this estimate and forecast seem low when you account for both technical and professional services in terms of added productivity, efficiency, safety, quality assurance and improved connectivity vis-a-vis Pathology 2.0, harnessing collective intelligence and ensuring the best available information in real time rather than near time. 
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Browse 76 market data tables spread through 233 pages and in-depth TOC of "Digital Pathology Market – Slide Scanners (Whole Slide Imaging), Analytics (Image Analysis Software), Delivery Modes (Web Based/ Cloud Based) and Whole Slide Image Storage – Global Trends & Forecast till 2017".

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This report studies the global digital pathology market for the forecast period 2012 to 2017.

The life science industry is now witnessing the second decade of "Biologic Revolution". The adoption and up gradation of technology is increasing rapidly. Conventional practices are being replaced by advanced technologies. The perception of pathological laboratories needs to be improved as the consumer expectations and government regulations towards improved patient safety, accurate diagnosis, Electronic Medical Records (EMR) as well as personalized medicines are growing. Pathology plays a significant role in patient care. Digital pathology serves this purpose by providing a facility for digital transformation of pathology and laboratory medicine.

Digital pathology is currently gaining momentum as pathologists are seeking to achieve workflow efficiency and cost cutting in the pathological process. It provides ready access to premium quality slide images, enabling better and fast diagnosis, as well as preservation of these digital slides for future reference. The digital pathology market is driven by the factors such as reduction in laboratory expenses, improvement in operational efficiency, and treatment decisions and patient care.

The global digital pathology market is estimated to be $191.00 million in 2012, and is poised to grow at a CAGR of 12% to reach $336.61 million by 2017. North America is the largest digital pathology market, followed by Europe and Asia. The Asian region's contribution to the global digital pathology market is also expected to pick up in the coming years, as the technology gets more recognition and becomes more cost effective.

There are a few well-established firms and several small ones operating in this industry. The major players in the market are Aperio Technologies, Inc. (U.S.), Ventana Medical Systems (U.S.), Leica Microsystems GmbH (Germany), Digipath (U.S.), and Hamamatsu Photonics (Japan).


Category: Digital Pathology News, Histology, Pathology News

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