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Technavio has announced the top five leading vendors in their recentglobal digital pathology equipment marketreport until 2021. This research report also lists 15 other prominent vendors that are expected to impact the market during the forecast period.
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Technavio has published a new report on the global digital pathology market from 2017-2021. (Graphic: Business Wire)
The global digital pathology market is expected to grow at a CAGR of almost 12% during the forecast period. In 2016, the US was the highest revenue generator in the market owing to the increasing incidences of cancer and other life-threatening diseases and beneficial utilization of pathological techniques. This was followed by EMEA, driven by technological advancements. In APAC, the increased focus on preventive care and high population contributed to the growth of the digital pathology market.
Competitive vendor landscape
The global digital pathology market is characterized by the presence of established players such as Danaher, F. Hoffmann-La Roche, 3DHISTECH, Philips Healthcare, and OLYMPUS in the market. These companies are focused on the development of innovative and user-friendly products. They engage in R&D for product development and expansion into new untapped markets. They adopt new and advanced technologies to increase their presence in the market.
Neha Noopur, an industry expert at Technavio for research on medical imaging, says, “Other companies such as Hamamatsu Photonics, Apollo Enterprise Imaging, Definiens, and Visiopharm are competing in the market by developing competitive and quality products. The market is fairly competitive with many regional players competing with the key players. Regional players can provide their products at cost-effective prices as compared with global companies creating a consistent competition in low-end markets.”
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Top five digital pathology market vendors
3DHISTECH is one of the leading companies developing high-performance hardware and software products for digital pathology. It develops and manufactures high-speed digital slide scanners that create high-quality, brightfield and fluorescent digital slides, digital histology software, and tissue microarray machinery.
Danaher, a diversified technology company, undertakes the designing, manufacturing, and marketing of medical, commercial, and industrial products and services. The company has been focusing on its R&D activities to discover and develop new products and processes and improve existing processes and products. Its R&D, manufacturing, sales, distribution, administrative, and service facilities are situated in the US and outside the US, mainly in Europe and to an extent in Asia, North America, Australia, and South America.
Philips Healthcare is a technology company, focused on innovation. Their healthcare business makes up 42% of their global sales revenue. Philips Healthcare has a wide range of products, which include advanced molecular nuclear imaging, clinical informatics, computed tomography, home respiratory care, hospital respiratory care, and patient monitoring devices and services.
OLYMPUS engages in the development and manufacturing of medical devices in Japan as well as globally. It offers imaging systems, life sciences and industrial products, medical systems, and minimally invasive surgical devices. It delivers advanced products and services for the early diagnosis and treatment of a disease. It operates through three segments: medical business, scientific solutions business, and imaging business. The scientific solutions business includes life science business and industrial business. Life science business consists of life science research, wet laboratories (cell cultures), clinical research (pathological examination), and education.
F. Hoffmann-La Roche
F. Hoffmann-La Roche is involved in developing and manufacturing diagnostic products and services. It manufactures products that help healthcare providers in preventing, diagnosing, and managing various diseases. The company offers assays and reagents, instruments and systems, laboratory systems and automation products, calibration products, and biosensors. The company offers its products for various disease states, such as HPV, HIV, heart failures, and diabetes, as well as for other medical conditions, including carcinogenic conditions.
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