North America Digital Pathology Market By Product (Device, Software and Storage System), By End Use (Hospitals, Diagnostic Labs, Biotech & pharma companies and Academic & research institutes), By Application (Drug Discovery & Development, Disease Diagnosis and Academic research), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The North America Digital Pathology Market would witness market growth of 5.5% CAGR during the forecast period (2020-2026). The market growth will be fuelled by the rising focus on enhancing effective workflow & demand for quick diagnostic instruments for chronic diseases like cancer.
The rates of chronic diseases are consistently increasing, which will result in a spike in clinical urgency to accept digital pathology with an aim to minimize huge cost of conventional diagnostics & to enhance existing poor patient diagnostic imaging measures.
An image-based technology in the pathology domain that includes capturing, interpreting, analyzing, and operating digital information from a glass slide is termed as Digital Pathology. In this process, the digital slide image file is created with the help of aspects such as high-resolution viewing, interpretation, and image analysis of digital pathology slides can be obtained.
The growth of the market would be fuelled as digital pathology shows applications for various disease diagnoses including the cancer. Additionally, the market would witness lucrative growth opportunities due to the increasing installation of digital pathology as a cost-effective diagnostic method & these systems offer a better imaging features of patient diagnostic.
Based on Product, the market is segmented into Device, Software and Storage System. Based on End Use, the market is segmented into Hospitals, Diagnostic Labs, Biotech & pharma companies and Academic & research institutes. Based on Application, the market is segmented into Drug Discovery & Development, Disease Diagnosis and Academic research. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The US market dominated the North America Software Market by Country in 2019, thereby, achieving a market value of $90.4 Million by 2026. The Canada market is experiencing a CAGR of 7.2% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 7% during (2020 - 2026).
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Danaher Corporation (Leica Biosystems), Koninklijke Philips N.V., Olympus Corporation, F. Hoffmann-La Roche Ltd., ContextVision AB, Hamamatsu Photonics K.K., Mikroscan Technologies, Inc., Inspirata, Inc., Visiopharm A/S, and 3DHISTECH Ltd.
Scope of the Study
Market Segments Covered in the Report:
- Storage System
By End Use
- Diagnostic Labs
- Biotech & pharma companies
- Academic & research institutes
- Drug Discovery & Development
- Disease Diagnosis
- Academic research
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Danaher Corporation (Leica Biosystems)
- Koninklijke Philips N.V.
- Olympus Corporation
- F. Hoffmann-La Roche Ltd.
- ContextVision AB
- Hamamatsu Photonics K.K.
- Mikroscan Technologies, Inc.
- Inspirata, Inc.
- Visiopharm A/S
- 3DHISTECH Ltd.
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