What is Digital Pathology?
Digital pathology is the field of medical science that integrates both technology and clinical diagnostics. It involves the use of digital slides that can be developed from the glass slides with a specimen, using a computer monitor. This monitor will help in viewing, analyzing, and storing the diagnosis results.
What is the market size of Digital Pathology in Europe Region and Growth Rate?
The Europe Digital Pathology Market is expected to worth USD 49.9 million in 2018 and foreseen to reach USD 80.64 million by 2021, growing at a CAGR of 10%. The growing need for quality and patient safety has increased the demand for digital pathology around the world. Europe is among such regions that have a huge scope for the market expansion in the coming years.
What are the factors driving the growth for Europe Digital Pathology Market?
The growing adoption of image analytical tools and artificial intelligence in Europe will primarily drive the market growth for digital pathology in the future. Furthermore, the increasing prevalence of cancer, preference for teleconsultations, rising disposable income and healthcare expenditure of the people, growing awareness about the benefits of digital pathology, support initiatives from both public and private industries, and others are stimulating the market demand in Europe. On the contrary, the lack of skilled pathologists, volatile regulations in digital pathology, no proper medical reimbursements, high installation costs, etc. can hinder the market growth. Nevertheless, the growing demand for advanced healthcare solutions and early prognosis for cancers will support the digital pathology market to overcome its challenges.
Europe Digital Pathology Market Segmentation:
The Digital Pathology Market in Europe is studied on the basis of type, product, application, and end-user. Based on the type, the market is classified into human pathology and veterinary pathology. Based on the product, it is segmented into scanners, software, communication systems, and storage systems. In terms of applications, teleconsultation, disease diagnosis, drug discovery, and training and education are the available categories in digital pathology. Lastly, the end-user segment includes hospitals, pharmaceutical companies, and educational institutions. Of all these segments, scanners, teleconsultation, human pathology and hospitals are the prominent areas to witness rapid growth in the coming years.
Europe Digital Pathology market is explained in the regions of Germany, UK, Spain, France, and Italy. Europe accounts for the second largest contribution to the market after North America. Germany is the topmost country of the region with the highest revenue. The increasing adoption of technology, measures like national pathology database, advances in research and development, growing cases of cancer patients, etc. will support the market expansion in the region.
Europe Digital Pathology Market Detailed Segmentation:
Companies dominating the Europe Digital Pathology Market are:
The key players in the Europe digital pathology market are
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