Pune, Sept. 09, 2020 (GLOBE NEWSWIRE) -- The global digital pathology market is likely to expand due to the rising use of advanced diagnostic tools for prompt diagnosis of chronic diseases. According to a report, titled “Digital Pathology: Global Market Analysis, Insights and Forecast, 2018-2025,” the market is likely to grow due to the increasing number of people diagnosed with related diseases. Furthermore, the global digital pathology market is likely to grow in the forthcoming years due to recent technological advancements in pathology devices. Recent advancements have induced increasing operational efficacy, which is a major factor propelling growth in the global digital pathology market.
Digital pathology is applicable across diverse domains within the healthcare industry. This, as per Fortune Business Insights, is a chief driver of the global market. Digital pathology involves producing a clear predictive image using various imaging devices. Moreover, these images can be shared or transferred through digital slides.
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A hospital, research laboratory and any related centre can transfer the image anywhere in the world within no time. This significantly reduces the time to treat and diagnose and eliminates the need to call upon specialist for consultation. The aforementioned factors have created an increasing adoption of digital pathology over other methods.
Highlights of the Report:
- Analysis of the impact of Covid-19 that the market would face in the near future.
- In-depth analysis of the growth drivers and obstacles.
- Profile of all the companies operating in the market.
- Elaborate data about the dominating region.
- Competitive landscape consisting of mergers & acquisitions, investments, partnerships, new product launches, opening of new facilities, and new contracts.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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To get the short-term and long-term impact of COVID-19 on this Market.
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Use of Digital Pathology in Surgical Procedures Has Proven Hugely Beneficial
In surgical pathology, the diagnosed tissue can be detected, diagnosed, treated, and then incised into paper thin slices. These slices are then mounted upon glass slides, which are then examined by pathologists under microscopic conditions. This method was a first of its kind and possesses very high efficiency, besides offering clear and sharp images. Furthermore, digital slides can be reproduced as many times as needed. Therefore, use of pathology in surgical procedures ensures higher surgical efficiency and reduces time required for diagnosis and operation. This has led to a rapid adoption of digital pathology around the world.
FDA Clearance for Philips’ Intellisite Pathology to Bode Well for Digital Pathology Market
In April 2017, FDA gave its approval to Philips’ Intellisite Pathology (PIPS) for manufacturing and sale in the U.S. This was the first ever digital pathology system in the market with FDA clearance. According to Fortune Business Insights, approval to Philips’ Intellisite will encourage other pathology device manufacturers to come up with their own patents and use PIPS as a reference.
Secondly, pathologists and related clinical centres that had held off buying any type of pathology systems, until they would receive clearance from a regulatory authority, would now willingly invest and buy Philips’ Intellisite due to the FDA approval. Such factors will lead to the entry of newer market players and also encourage existing companies to improvise as well as improve their product to shake off competition from Philips.
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List of the major companies that are likely to contribute to the growth of the global digital pathology market:
- Digipath Inc.
- Hamamatsu Photonics K.K.
- Danaher Corporation
- Koninklijke Philips N.V.
- Indica Labs, Inc.
- Nikon Corporation
- Glencoe Software, Inc.
- PerkinElmer, Inc.
- Pixcelldata Ltd.
- Leica Biosystems
- 3DHISTECH
- HCL Technologies
- Ventana Medical Systems
- Pathology Devices, Inc.
- OptraSCAN
- Biogeniux
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Digital Pathology Market Segmentations:
By Technology
• Whole Slide Imaging
• Image Analytics Information
• Digital Cytopathology
• Digital Holography
• Microscopy
• Others
By Application
• Hematology Analysis
• Blood Cell Counting
• Urine Sediment Analysis
• Disease Diagnosis
• Others
By End User
• Pathology Laboratories
• Hospitals
• Pharmaceutical and Biotechnology Companies
• Diagnostic Centers
• Others
By Geography
• North America (USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Latin America (Brazil, Mexico and Rest of Latin America)
• Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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