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- North America Digital Pathology Market – Size, Outlook, Trends and Forecast (2020 – 2026)
Pathology is a branch of medical science that involves the study and diagnosis of disease through the examination of surgically removed organs, tissues, bodily fluids, and in some cases the whole body. Aspects of a bodily specimen that may be considered include its gross anatomical makeup, the appearance of the cells using immunological markers and chemical signatures in the cells. Pathology also includes the related scientific study of disease processes whereby the causes, mechanisms and extent of disease are examined.
North America Digital Pathology Market Size & Growth:
The North America Digital Pathology market was valued at $0.41 Billion in 2019 and is estimated to reach $0.92 Billion by 2025, at a CAGR of 13.2S% during 2019-2025. The critical factors responsible for the growth of the North America digital pathology are rising prevalence of cancer, increasing acceptance of digital pathology to rise lab efficiency, increasing creativities by governments and industry players, ease of consultation enabled by Digital Pathology. The high cost of digital pathology systems, lack of reimbursement for digital pathology enabled services, and inadequate infrastructure are hampering the growth of the North America digital pathology market. The future scope of the North America digital pathology market is disabling the deficiency of pathologists through digital pathology, personalised medicine, the addition of laboratory and digital pathology systems, integration of Laboratory Information Systems (LIS) and Digital Pathology Systems.
North America Digital Pathology Market Segments Share:
The North America digital pathology market is segmented based on the type, product, application, end user and geography. By type, the North America digital pathology market is segregated into human pathology, veterinary pathology. Human pathology is the largest market in the North America digital pathology market owing to the factors like increasing adoption of the digital pathology to enhance lab efficiency and growing applications of digital pathology. Veterinary pathology is the promising segment tending towards the market growth. By product, the market is segregated into scanners, software, communication systems, storage systems. The software is expected to register the highest growth and is also largest market by product due to the availability of analytical, user-friendly and advanced functions for pathology diagnosis. By application, the market is categorised into teleconsultation, disease diagnosis, drug discovery, training and education. Tele-consultation is the largest market and is expected to register the fastest growth in the market owing to the increasing need for quality, and fast diagnosis have enhanced the utilisation of teleconsultation applications. By geography, the market is classified into U.S., Canada and Mexico.
North America Digital Pathology Market Trends:
- LigoLab is the leading provider of innovative laboratory information solutions to diagnostic laboratories nationwide. LigoLab delivers a clear expression of solutions and knowledge to its customers.
- LigoLab solutions are specifically designed for medical diagnostic laboratories.
North America Digital Pathology Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have a complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried out to understand the market more comprehensively.
Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact on altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary critical players in the North America Digital Pathology Market are:
- Hamamatsu Photonics, K.K.
- Digipath Co.
- Carl Zeiss AG
- Olympus Corporation
- Yokogawa Electronic Corporation
- Quorum Technologies Inc.
Along with these companies, there were many other companies considered/ cited in the report while analysing the North America Digital Pathology market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.
1. Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3. Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 Pestle Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4. Market Dynamics
4.1. Drivers
4.1.1. Rising prevalence of cancer
4.1.2. The increasing acceptance of digital pathology to rise lab efficiency
4.1.3. Increasing creativities by governments and industry players
4.1.4. Ease of consultation enabled by Digital Pathology
4.2. Restraints & Challenges
4.2.1. The high cost of digital pathology systems
4.2.2. Lack of reimbursement for digital pathology enabled services
4.2.3. Inadequate infrastructure
4.3. Opportunities
4.3.1. Disabling the deficiency of pathologists through digital pathology
4.3.2. Precision medicine
4.3.3. Addition of laboratory and digital pathology systems
4.3.4. Emerging markets to offer lucrative growth opportunities
5. North America Digital Pathology Market– By Type
5.1. Human digital pathology
5.2. Animal digital pathology
5.3. Others
6. North America Digital Pathology Market- By Product
6.1. Scanners
6.2. Software
6.3. Communication Systems
6.4. Storage Systems
6.5. Others
7. North America Digital Pathology Market– By Application
7.1. Teleconsultation
7.2. Disease Diagnosis
7.3. Drug Discovery
7.4. Training and education
7.5. Others
8. North America Digital Pathology Market-By End User
8.1. Pharmaceutical & Biotechnology Companies
8.2. Hospitals and Reference Laboratories
8.3. Academic & Research Institutes
8.4. Others
9. North America Digital Pathology Market– By Geography
9.1. Introduction
9.2. North America
9.2.1. The U.S.
9.2.2. Canada
9.2.3. Mexico
10. North America Digital Pathology Market– Company Profiles
10.1. Perkin Elmer, Inc.
10.2. Definiens AG
10.3. Sectra AB
10.4. Koninklijke Philips N.V
10.5. GE Healthcare
10.6. Inspirata Co.
10.7. Ventana Medical Systems, Inc.
10.8. Leica Biosystems
10.9. 3DHistech Ltd
10.10. Hamamatsu Photonics, K.K.
10.11. Digipath Co.
10.12. Carl Zeiss AG
10.13. Olympus Corporation
10.14. Yokogawa Electronic Corporation
10.15. Quorum Technologies Inc.
11. North America Digital Pathology Market- Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
12. Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
13. Appendix
13.1. List of tables
13.2. List of figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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Description
Regional Reports
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Pathology is a branch of medical science that involves the study and diagnosis of disease through the examination of surgically removed organs, tissues, bodily fluids, and in some cases the whole body. Aspects of a bodily specimen that may be considered include its gross anatomical makeup, the appearance of the cells using immunological markers and chemical signatures in the cells. Pathology also includes the related scientific study of disease processes whereby the causes, mechanisms and extent of disease are examined.
North America Digital Pathology Market Size & Growth:
The North America Digital Pathology market was valued at $0.41 Billion in 2019 and is estimated to reach $0.92 Billion by 2025, at a CAGR of 13.2S% during 2019-2025. The critical factors responsible for the growth of the North America digital pathology are rising prevalence of cancer, increasing acceptance of digital pathology to rise lab efficiency, increasing creativities by governments and industry players, ease of consultation enabled by Digital Pathology. The high cost of digital pathology systems, lack of reimbursement for digital pathology enabled services, and inadequate infrastructure are hampering the growth of the North America digital pathology market. The future scope of the North America digital pathology market is disabling the deficiency of pathologists through digital pathology, personalised medicine, the addition of laboratory and digital pathology systems, integration of Laboratory Information Systems (LIS) and Digital Pathology Systems.
North America Digital Pathology Market Segments Share:
The North America digital pathology market is segmented based on the type, product, application, end user and geography. By type, the North America digital pathology market is segregated into human pathology, veterinary pathology. Human pathology is the largest market in the North America digital pathology market owing to the factors like increasing adoption of the digital pathology to enhance lab efficiency and growing applications of digital pathology. Veterinary pathology is the promising segment tending towards the market growth. By product, the market is segregated into scanners, software, communication systems, storage systems. The software is expected to register the highest growth and is also largest market by product due to the availability of analytical, user-friendly and advanced functions for pathology diagnosis. By application, the market is categorised into teleconsultation, disease diagnosis, drug discovery, training and education. Tele-consultation is the largest market and is expected to register the fastest growth in the market owing to the increasing need for quality, and fast diagnosis have enhanced the utilisation of teleconsultation applications. By geography, the market is classified into U.S., Canada and Mexico.
North America Digital Pathology Market Trends:
- LigoLab is the leading provider of innovative laboratory information solutions to diagnostic laboratories nationwide. LigoLab delivers a clear expression of solutions and knowledge to its customers.
- LigoLab solutions are specifically designed for medical diagnostic laboratories.
North America Digital Pathology Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have a complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried out to understand the market more comprehensively.
Regional and Global Diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact on altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary critical players in the North America Digital Pathology Market are:
- Hamamatsu Photonics, K.K.
- Digipath Co.
- Carl Zeiss AG
- Olympus Corporation
- Yokogawa Electronic Corporation
- Quorum Technologies Inc.
Along with these companies, there were many other companies considered/ cited in the report while analysing the North America Digital Pathology market. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.
1. Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3. Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 Pestle Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4. Market Dynamics
4.1. Drivers
4.1.1. Rising prevalence of cancer
4.1.2. The increasing acceptance of digital pathology to rise lab efficiency
4.1.3. Increasing creativities by governments and industry players
4.1.4. Ease of consultation enabled by Digital Pathology
4.2. Restraints & Challenges
4.2.1. The high cost of digital pathology systems
4.2.2. Lack of reimbursement for digital pathology enabled services
4.2.3. Inadequate infrastructure
4.3. Opportunities
4.3.1. Disabling the deficiency of pathologists through digital pathology
4.3.2. Precision medicine
4.3.3. Addition of laboratory and digital pathology systems
4.3.4. Emerging markets to offer lucrative growth opportunities
5. North America Digital Pathology Market– By Type
5.1. Human digital pathology
5.2. Animal digital pathology
5.3. Others
6. North America Digital Pathology Market- By Product
6.1. Scanners
6.2. Software
6.3. Communication Systems
6.4. Storage Systems
6.5. Others
7. North America Digital Pathology Market– By Application
7.1. Teleconsultation
7.2. Disease Diagnosis
7.3. Drug Discovery
7.4. Training and education
7.5. Others
8. North America Digital Pathology Market-By End User
8.1. Pharmaceutical & Biotechnology Companies
8.2. Hospitals and Reference Laboratories
8.3. Academic & Research Institutes
8.4. Others
9. North America Digital Pathology Market– By Geography
9.1. Introduction
9.2. North America
9.2.1. The U.S.
9.2.2. Canada
9.2.3. Mexico
10. North America Digital Pathology Market– Company Profiles
10.1. Perkin Elmer, Inc.
10.2. Definiens AG
10.3. Sectra AB
10.4. Koninklijke Philips N.V
10.5. GE Healthcare
10.6. Inspirata Co.
10.7. Ventana Medical Systems, Inc.
10.8. Leica Biosystems
10.9. 3DHistech Ltd
10.10. Hamamatsu Photonics, K.K.
10.11. Digipath Co.
10.12. Carl Zeiss AG
10.13. Olympus Corporation
10.14. Yokogawa Electronic Corporation
10.15. Quorum Technologies Inc.
11. North America Digital Pathology Market- Competitive Landscape
11.1. Market Share Analysis
11.2. Strategies Adopted by top companies
11.3. Mergers, Acquisitions, Collaborations & Agreements
12. Market Insights
12.1. Industry Experts Insights
12.2. Analysts Opinions
12.3. Investment Opportunities
13. Appendix
13.1. List of tables
13.2. List of figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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