Global Telepathology Service Market Expects an Extensive Growth in ROI of USD 1,786 million by 2027 – ZMR Blog
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Global Telepathology Service Market Expects an Extensive Growth in ROI of USD 1,786 million by 2027

Zion Market Research has published a new report titled “Telepathology Service Market by System (Dynamic, Static, and Hybrid), by Application (Diagnosis, Education, Research, and Others), and by End-User (Hospitals, Diagnostic Centers and Pathology Clinics, Pharmaceutical and Biotech Companies, Academic Institutes, and Research Organizations): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027”. According to the report, the global telepathology service market was valued at USD 637 million in 2018 and is expected to generate USD 1,786 million by 2027, at a CAGR of 12.2% between 2019 and 2027.

Telepathology is the implementation of remote pathology by means of telecommunication for electronic communication of digital pathology pictures. Telepathology services help in transferring superior quality image-rich pathological data in locations for education, research, and patient diagnosis. Telepathology is used for emergency services, obtaining expert opinion on referral cases, patient diagnosis at remote locations, meetings and conferences, quality assurance, and educational purposes.

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The growing prevalence of chronic diseases and technological advancements in the healthcare industry are likely to contribute to the global telepathology service market over the forecast time period. The surging clinical urgency to accept telepathology to improve present patient diagnostic imaging events and decrease the high costs associated with conventional diagnostics, which will also fuel this global market in the future. However, the dearth of skilled professionals and the high cost of telepathology devices may obstruct the growth of the telepathology service market globally over the estimated timeline.

The global telepathology service market is divided into system, application, and end-user. On the basis of the system, the global telepathology service market is segmented into dynamic, static, and hybrid. The dynamic segment held the major share, i.e., around 60%, of the telepathology service market globally in 2018 and is expected to dominate over the forecast time period. In terms of growth rate, the hybrid segment is expected to register the highest growth in the global market, as it is a combination of both static and dynamic mode and overcomes the primary disadvantages of static mode, i.e., unsuitable field assortment. On the basis of application, the global telepathology service market is segmented into diagnosis, education, research, and others.

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The diagnosis segment is expected to register the highest CAGR in the future globally, owing to the adoption of telepathology services for rapid diagnosis, intraoperative consultation, and special studies. Based on end-user, the global telepathology service market is categorized into hospitals, diagnostic centers, and pathology clinics, pharmaceutical and biotech companies, academic institutes, and research organizations. Hospitals accounted for more than 50% of the global market share and are expected to remain dominant over the forecast time period as well. This can be attributed to the growing application of telepathology services for disease monitoring in various surgical processes to take an expert opinion.

By geography, North America accounted for the largest share of more than 45% in the global market in 2018 and anticipated to remain dominant over the forecast period. This can be attributed to the high adoption of technically advanced products, the presence of chief market players, and growing awareness about healthcare digital technology. The Asia Pacific is expected to register a high rate of growth in the future, owing to the growing convenience and availability of healthcare facilities, rising expenditure for research and development activities for manufacturing advanced telepathology systems, and increasing prevalence of life-threatening diseases.

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Some key players of the telepathology service market include are Apollo TeleHealth Services, Diagnostic Instruments, Inc., eVisit Telemedicine Solution, F. Hoffmann-La Roche Ltd., General Electric Company, Leica Biosystems Nussloch GmbH, Meyer Instruments, Olympus Corporation, Remote Medical Technologies, SRL Diagnostics, Teleconsult Europe, UNILABS, and Washington University.

This report segments the global telepathology service market into:

Global Telepathology Service Market: System Analysis

  • Dynamic
  • Static
  • Hybrid

Global Telepathology Service Market: Application Analysis

  • Diagnosis
  • Education
  • Research
  • Others

Global Telepathology Service Market: End-User Analysis

  • Hospitals
  • Diagnostic Centers and Pathology Clinics
  • Pharmaceutical and Biotech Companies
  • Academic Institutes
  • Research Organizations

Global Telepathology Service Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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