Digital Pathology Market: Global Industry Analysis and Opportunity Assessment 2014

Global Digital
Pathology Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2014
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Digital pathology is the process of managing, analysing, interpreting and storing digital
information. It is also known as virtual pathology or virtual microscopy. It is useful for
automated biomedical laboratory testing and diagnosis. Digital solutions are used to
convert glass slides into digital slides with a scanning device. A digital slide scan enables
interpretation and analysis of digital pathology images. The necessity of digital pathology
has arrived out of concern to save time, capital and lives. Digital pathology finds
applications in areas such as oral pathology, forensic pathology, cancer care and veterinary
pathology.
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The benefits of digital pathology include accuracy and efficiency in data analysis and
interpretation, enhanced quality of colour image and reasonable cost associated with
delivery of enriched performance. It replaces traditional, manual and microscopic slide
analysis based procedures. Its advantage lies in its capacity to store, share, and replicate
testing of a specimen for clinical and educational usage. Comparatively high initial
investment to use and maintain digital pathology systems is the major bottleneck for digital
technology adoption.
Wide range of benefits of digital pathology technique have led to a high demand for digital
pathology solutions in the market. Increasing need for pathology automation, strategic
mergers & acquisitions by key players, rise in disposable income of customers, increasing
health awareness and government concerns towards medical technological advancement
are some of the favourable factors driving the growth of digital pathology market.
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In addition, increasing applications of digital pathology solutions in sectors such as
contract research organizations and education are expected to fuel the growth of this
technology & solutions market in the near future. Therefore, the global digital pathology
market is expected to grow two-fold in the next six years.
The digital pathology market has been segmented based on product type, application,
component and geography. Based on product type, the market has been categorized into
analytics software & systems, scanners, storage systems, web-based and cloud-based
delivery models. By component, the market can be categorized into whole-slide imaging
(WSI), image analysis- informatics, storage & communication and integrated platforms.
Based on applications, the digital pathology market has been divided into human
pathology and animal pathology, which are further classified into various sub-segments.
Geographically, the global digital pathology market has been segmented into North
America, Latin America, Asia Pacific, Japan, Western Europe, Eastern Europe, and Middle
East & Africa.Auto fluorescence Reduction Technology (ART), hosted technology
adoption, completely integrated pathology data management & telepathology solution
and whole-slide imaging (WSI) are some of the recent trends observed in the digital
pathology market. Digital pathology is providing health assistance to remote areas, and at
the same time development of some innovative systems and services like digital
pathology management systems (DPMS), digital slide conferencing and consulting are on
their way to prosper in the near future.
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Major players in the digital pathology market include Apollo PACS, Inc., 3DHISTECH Ltd.,
Aurora Interactive Ltd., Digipath, Inc., Huron Technologies International, Inc., Indica Labs,
Inc., Leica Biosystems Nussloch GmbH, Objective Pathology Services, Ltd., Nikon
Instruments, Inc. and Ventana Medical Systems, Inc. Most of these companies are
concentrated in the U.S. North America has the highest revenue generation market
followed by Europe and Asia. The expected growth rate for the coming five years of the
Asian market is high due to its growing healthcare concerns. With more efforts towards
standardization of products, portability & compatibility with other digital devices and
integration with other healthcare services, the market will attain a higher growth. The
companies need to seek a perfect mix of digital pathological products with application
services to achieve sustainable market growth and improve their own market share.
Advent of digital pathology market will aid and provide technological development to
biomedical education and healthcare.
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