The Report on big market research titled "Digital Pathology Market - Global Industry Analysis, Size, Growth Trends, Share, Opportunities and Forecast 2012 - 2020," states that the global pathology market was valued at $2.2billion in 2013, and is projected to reach $5.7 billion by 2020, growing at a CAGR of 14.3% during the analysis period (2013-2020). North America and Europe together contributed 79% of the total revenue in 2013. As per the report, Asia Pacific would dominate the market and revenue share of North America and Europe would reduce to 2/3rd by 2020.

With the help of Digital pathology, glass slides are converted into digital images for easy analysis, storage and management of the samples collected. The recent technological advancements in the field of pathology would go beyond the conventional methods of pathology, which would lead the market growth in the future.

"The decentralization approach in the digital pathology market will make huge difference in the field of pathology. The major factors influencing the market growth are cost efficient diagnosis, efficiency in mundane workflow and analysis," according to Allied Market Research analysts Debbie Shields and Rohini Patil. "These factors are impacting the outcome of the overall diagnosis process. The efficient technology impacts time, productivity and the level of patient care. However, the factors restraining the market growth are the lack of reimbursement policies by the governments, inefficient infrastructure and delayed approvals," explained the analysts.

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Communication & integrated platforms, whole slide imaging (WSI) and image analysis - informatics & storage are the different segments of the digital pathology market. As per the report growth of WSI is expected to slow down for the first seven years of the analysis period. However, the segment would still lead the market during the forecast period. Whereas, image analysis - informatics & storage market is competent enough to lead the market due to its higher accuracy in analyzing digital slides.

Digital pathology market’s end users are segmented into educational institutes, clinical organizations and pharmaceutical research. Report forecasts that the pharmaceutical research segment would dominate the market with a CAGR of 16.9% during the forecast period.

North America has the largest adoption rate of DPS i.e. digital pathology systems for drug development and discovery. However, the need for skilled pathologist and improved infrastructure would drive the Asia Pacific market to grow with the highest CAGR as compared to other economies.
Manufacturers are launching product with new and improved benefits. The new launched products have high speed and faster scanning ability which would boost the digital pathology market growth. As per the report, prominent players in the market are Definiens AG, Leica Microsystems Gmbh, Philips healthcare, Visiopharm, Ventana medical systems, Inc., Indica Labs, Inc, Omnyx LLC, Digipath, Inc., Nikon Corporation, and 3DHISTECH Ltd.

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