Digital Pathology Market to Grow to Nearly $500 Million in 5 Years
U.S.-based Transparency Market Research (TMR) has announced the release of a new market research report. The report, titled ‘Digital Pathology Systems Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020’, delivers detailed data regarding the global digital pathology market. The report is available on TMR’s website for sale.The report states that the global digital pathology market was worth close to US$229 million in 2013 and will grow to be worth US$492.8 million by 2020, expanding at a CAGR of over 11% therein. The report details the historical data regarding the digital pathology market and lists category-wise statistics. Based on the same, forecasts are then presented for the market’s growth during the forecast period 2014-2020. The report banks on primary and secondary research to gather the relevant data and employs crucial analytical tools such as market attractiveness analysis, SWOT analysis, and Porter’s five forces analysis to examine the digital pathology market from various aspects.
The market for digital pathology, a medical field concerned with transferring and managing data gained from pathology laboratories in a digital format, is an emergent market in the global perspective. Digital pathology helps streamline the process of diagnosis and further treatment. It also helps research procedures owing to the easy access offered by the digital process to previously stored data. The global digital pathology market is expected to be driven by the growing prevalence of various types of cancer around the world.Application of digital pathology in cancer research is a major opportunity for digital pathology market players, since the growing amount of research done on cancer treatment will be helped massively by the convenience offered by digital pathology. The report elaborates on the increasing workload of the average pathologist as a major growth driver for the global digital pathology market.
Major restraints acting upon the global digital pathology market include strict regulatory restrictions upon the approval process for digital pathology products, which reduces the scope for product innovation. The report presents an impact analysis on the driving as well as restraining factors of the global digital pathology market. Based on technology, the digital pathology market is segmented into telepathology and virtual microscopy. Due to growing application in disease diagnosis, virtual microscopy is expected to exhibit a high CAGR in the forecast period. Nevertheless, dynamic telepathology, a subcategory of telepathology, is also expected to exhibit remarkable growth.
Browse the full Digital Pathology Systems Market (By Technology – Virtual Microscopy, Telepathology (Static Telepathology and Dynamic Telepathology); By Applications – Drug Discovery and Development, Disease Diagnosis and Academic Research) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020 report here.
By application, disease diagnosis dominated demand from the global digital pathology market, trailed by drug discovery and academic research. Growing encouragement to cancer research is expected to keep the diagnostic applications of digital pathology dominant during the forecast period. The report also includes a regional analysis of the global digital pathology market, producing forecasts for each regional segment of the market. The competitive landscape of the market is also analyzed, with the operations of major market players profiled in detail.
About TMR
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Source: medGadget.com
