Loading...
Cart
0

Germany Digital Pathology Market to Reach $58 Million, Globally, by 2022

 
 

quote Better treatment option, ease of use, cost-effective treatment, and technological advancements coupled with development of advanced products by companies such as Philips and Leica will further drive the German digital pathology market” states Adnan Malik, Research Analyst, Healthcare Research at AMR. He further adds, “Leica is one of the leading company in the digital pathology market both globally as well as in Germany and occupies a significant market share. However, digital pathology being a profitable market; local companies such as VMscope and microDimensions face intense competition and increasing rivalry from international players to occupy a potential chunk of the growing market. quote

Adnan Malik

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

German Digital Pathology Market Report, published by Allied Market Research, forecasts that the market is expected to garner $58 million by 2022, registering a CAGR of 12.1% during the period 2016 - 2022.Digital Pathology (DP) is an emerging technology in the pathology field, where glass slides are converted into digital images for easy viewing, analysis, storage, and management of the data collected. This advancement will also bring about upgradation of conventional pathology. Thus, the shortage in number of pathologists around the world is addressed by the use of digital pathology, which is the major benefit of this technology.

Need for cost reduction in laboratories, demand for improved patient care, and enhanced operational efficiency is driving the German digital pathology market. Furthermore, accuracy, ease in remote pathological testing along with acceptability from pathologists and laboratories are other factors that majorly drive this market. However, inadequate infrastructure, lack of reimbursement policies and pending market approvals restrain the market growth.

The digital pathology market is segmented based on product, namely whole slide imaging (WSI), image analysis informatics, information management system storage & communication and telepathology. The whole slide imaging (WSI) segment is the highest revenue-generating market among the segments, due to the capability of WSI to convert glass slides into digital slides and making the study of slides convenient for pathologists. This makes it easier for the pathologist to deliver them easily to other pathologist with reduced cost and without any damage. Furthermore, Information Management System Storage & Communication market is expected to grow by 2022; mainly due to the increase in technological advancement in the integration process and storage process.

The end user segment of the digital pathology market is segmented into educational institutes, hospitals & diagnostic centers, and pharmaceutical & biotechnology companies. Hospitals & diagnostic centers was the highest revenue-generating market as compared to the other segments. The market is expected to grow at a significant rate due to the increase in the use of DPS for drug development and discovery.

Pharmaceutical & biotechnology companies was the second highest revenue-generating segment due to the increase in use of DPS in the diagnosis sectors such as cancer diagnosis. Educational institutes had the lowest revenue among all the segments. This low market share can be attributed to the low use of DPS in the educational institutes as it has very limited adoption, due to the expenses involved in its setup.

Recent developments such as product launch of GeminiSEM 300 system by Carl Zeiss, partnership between Glencoe Software and Carl Zeiss to cover the open source Bio-Formats and product development of CD15 Quantifier by VMscope further signify the increase in competition in the German digital pathology industry. These developments are majorly focused on manufacturing digital pathology instruments, thereby positively increasing the market revenue as well as a healthy rivalry among the manufacturers.

Key Findings of the Germany Digital Pathology Market:

  • Whole slide imaging is expected to grow significantly by 2022 at a CAGR of 9.5%.
  • Information Management System Storage & Communication is expected to be the second highest growing segment, and would grow at CAGR 11.6% during the forecast period.
  • Educational Institutes and Hospitals and diagnostic centers together accounted for over one-third share of the total German digital pathology market.
  • Pharmaceutical & biotechnology companies is expected to be the highest growing market by end user; growing at a significant CAGR of 14.4% during 2016 to 2022.

The key players in the German digital pathology market focus to expand their business operations in emerging countries with product launch as their preferred strategy. Major players profiled in this report include Visiopharm, Digipath Inc., Koninklinje Philips N. V., PerkinElmer, Inc., Danaher Corporation (Leica Microsystem), Nikon Corporation, Carl Zeiss AG, Definiens AG, VMscope GmbH, and microDimensions GmbH.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Shaun Godinho
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 

First time buyer?
Check offers and discount on this report
To get this report

 
Click Here
 
 

quote Germany Digital Pathology Market by Product (Whole Slide Imaging, Image Analysis Informatics, Information Management System Storage & Communication and Telepathology) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022 quote

View Report
 
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Buy Full Version
"Germany Digital Pathology Market"
Purchase Enquiry