(PharmaNewsWire.Com, April 13, 2017 ) As per the syndicated report published by Market Data Forecast Europe Digital Pathology Market which is estimated to be USD 86.84 million in 2016 is poised to reach USD 151 million by 2021, at a CAGR of 11.70% from 2016 to 2021. It can attribute to the factors such as rising presence of tele-consultations, high efficacy of digital pathology systems with increased adoption rate, growing no. of cancer cases, and more initiatives undertook by government as well as private companies. On the other hand, barriers such as strict regulatory concerns for primary diagnosis, deficiency in skilled personnel nonexistence of reimbursement, and lack of standard guidelines for digital pathology are some of the major factors that are hindering the market in all likelihood. However, mounting requirement for sophisticated healthcare facilities which can be met through establishing digital pathology systems, would offer great profit opportunities for the service providers in the future if they can overcome threats like high cost of building new infrastructure or installing new technology.
Digital pathology is defined as an image-based information environment for the analysis, management, and the interpretation of the information achieved from a digital slide. In short, the digitalization of conventional pathology lab is referred as digital pathology. This technology has obtained momentum in the medical industry and healthcare, owing to the improvements it brings in a number of applications such as multi-functionalities in instruments, drug discoveries and their development, diagnostic tests and other research applications.
Europe Digital Pathology Market is segmented based on Type, Product, Application and End user as mentioned below for attaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.
Based on Type: Human Digital Pathology Animal Digital Pathology
Based on Product: Scanners Software Communication Systems Storage Systems
Based on Application: Teleconsultation Disease Diagnosis Drug Discovery Training and Education
Based on End User: Pharmaceutical Companies Hospitals Academic Institutes
Based on geography it is segmented and analyzed under various countries like UK, France, Italy, Spain and Germany. Europe accounts for the second largest share in the digital pathology market second only to the North America market. Especially, the development is depended on western countries of the region where technological advancements can counter the acting constraints resulting in a well-prospered market. Germany is the leading market in this geography with considerable share in the forecast period.
The key players in Europe Digital Pathology Market are Perkin Elmer, Inc., 3D-Histech Ltd, GE Healthcare, Leica Biosystems, Hamamatsu Photonics, ZEISS, Olympus Corporation, Yokogawa Electronic Corporation, K.K., Digipath Co., Definiens AG, Sectra AB, Koninklijke Philips N.V, Inspirata Co., Ventana Medical Systems, Inc., and Quorum Technologies Inc.
Implementation of tiered storage management plans; image lifecycle management, disaster recovery solutions in data management in on-premises as well as cloud-based solution are driving the adoption of digital pathology in the healthcare sector globally.
The Digital Pathology Market study offers the following deliverables:
Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries
Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis
Explanations of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE and Porters Five Forces Analyses
Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Expertly devised Market Outlook - Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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