In 2022, the global digital telepathology market is expected to be worth $721 million. The market’s major growth drivers are expected to be the rising value in the healthcare sector and the wide range of applications. Overall sales of digital telepathology equipment are expected to increase at a 9.7% CAGR between 2022 and 2032, totalling approximately US$ 1,819.6 million by the end of 2032.
Pathology is the study of diseases, and it is an important branch of medicine and diagnosis. Its primary focus is on the causes, origins, and research of various diseases. It is accomplished by the examination of physiological fluids, tissues, and organs. It is currently divided into eight major study areas.
The market for digital telepathology has emerged as a result of the advancement of information technology and the digital age. It is pathology employing telecommunications technology, as the name implies. In contrast to general pathology, which is typically performed close to the patient, digital telepathology is typically performed at a distance. Long distances are traversed to give image-rich pathology data for diagnosis, teaching, and even research.
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Digital Telepathology Market Drivers
The information technology wave that is sweeping the world will undoubtedly be one of the primary drivers of the digital telepathology market. Western countries already have a strong digital infrastructure, but Internet penetration in the developing world is fast expanding. Pathologists will be able to examine, research, and diagnose patients not only in remote areas of the country, but also anywhere in the world. A second factor is the flexibility and ease with which a second opinion can be obtained. The digital telepathology market will allow pathologists in any region of the world to consult with their peers in other nations, ensuring an accurate diagnosis. According to the World Health Organization, cancer cases are anticipated to rise by about 70% over the next two decades, with approximately 1.4 million of them undiagnosed. As a result, prompt (and proper) diagnosis will be vital in saving millions of lives. The third factor is projected to be increased digitisation in the research field. Digital pathology is useful in medical education, histopathology, and even the examination of frozen section specimens. Pathologists might use digital technology to turn physical data into digital files, reducing the need to physically keep it. This would also help them reduce costs and increase efficiency.
Digital Telepathology Market Restraints
The digital telepathology market has several problems, the most significant of which is cost. The cost of digital telepathology equipment will almost probably be a barrier in developing nations. Government reimbursements are usually absent, making the first investment onerous. Concerns about regulatory compliance are another issue. Because digital telepathology treads a delicate line between medicine and technology, each country’s legislation will differ. There may also be opposition from pathologists. Few pathologists today can truly run these systems, and many are hesitant to trust the results. These are some of the reasons why the digital telepathology market is currently small.
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Digital Telepathology Market Key Regions
The digital telepathology market serves the following main geographic regions – North America, the EU, Asia-Pacific, MENA and the rest of the world. North America is the largest market and is anticipated to show moderate growth over the next decade. This is due to a strong healthcare system, regulations like the Affordable Care Act, the high prevalence of various cancers and an ageing population requiring medical assistance. It is also boosted by world-class medical education & research facilities, eager adoption of technology and government reimbursement being available in these critical fields. Europe is the second largest market but is expected to remain flat or post negative growth. However, the high prevalence of cancer in this region will ensure that there remains a strong future for the digital telepathology market there. Asia-Pacific is anticipated to be the market of the future mainly because of China, India and Japan.
Digital Telepathology Market Key Market Players
Some companies involved in the digital telepathology market include Leica Biosystems, Ventana Medical Systems, Inc., GE Healthcare, Olympus Corporation, Philips Healthcare, MikroSkan Technologies, Inc. and many others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, types and applications.
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Key Segments of Digital Telepathology Industry Survey
By Type:
- Medical
- Education
- Other
By End Use:
- Hospitals
- School
- Other
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