Global Telepathology Service Market Size Earnings Are Projected Around USD 1,788 Million by 2028

10-Jan-2020 | Facts and Factors

Facts and Factors Market Research has published a new report titled “Telepathology Service Market By System (Hybrid, Static and Dynamic), By Implementation (Research, Education, Diagnosis and Other), and By End User (Diagnostic Centres and Pathology Clinics, Hospitals, Academic Institutes, Research Organisations, Pharmaceutical, and Biotechnology Firms): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2022 – 2028”. According to the report, the global Telepathology service market was valued at approximately USD 645.37 million in 2021 and is expected to reach a value of around USD 1,788 million by 2028, at a CAGR of around 12.15% between 2022 and 2028

Telepathology is the practice of pathology from a distant location. It makes use of telecommunications techniques facilitating the transfer of image-rich pathology information between distant sites for diagnosis, research, and educational purpose. In order to perform Telepathology, the pathologist is required to select video images that are to be examined and then render a diagnosis.

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Escalating occurrence of chronic ailments to boosting the market trends  

A rise in the acceptance of Telepathology in case of medical emergency along with the need for enhancing the patient diagnostic imaging procedures will scale up the market growth. Apart from this, the need for reducing high costs related to conventional diagnostics is projected to further fuel the growth of the Telepathology service market during the forecast timeline. With old people becoming prone to suffer from chronic ailments such as heart disorders, it has become necessary to use technologically innovative diagnostic & imaging procedures in order to provide them with effective medical treatment. This has culminated in more demand for Telepathology services across the globe.

Moreover, technological breakthroughs and the addition of new features to Telepathology systems are likely to leverage the growth of the Telepathology service market during the forecast timespan. Nonetheless, the high costs of new technology can put brakes on the growth of the industry over the forecast timeframe.

Dynamic system segment to dominate the overall market share during the forecast timeline

The dynamic system segment contributed nearly 59.4% of the overall market share in 2019. It is also projected to record the highest CAGR of approximately 12.5% during the period from 2022 to 2028. In dynamic systems, microscopic slide image transfer is made in real-time and this proves beneficial for the pathologist based at a distant location to accurately view the complete slide with different enlargements at his disposal.

Hospitals to lead the end-user segment over the forecast period

The hospital's segment is predicted to accrue nearly USD 1060 million by the end of the forecast timeline. The growth of the segment can be credited to the rise in the utilization of Telepathology services in the monitoring of various diseases of patients in hospitals. These services also guide the physicians to go for the third opinion from other medical experts before performing surgeries on patients.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 645.37 Million

Projected Market Size in 2028

USD 1,788 Million

CAGR Growth Rate

12.15% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Leica Biosystems Nussloch GmbH, Canada Health Infoway, GE Healthcare, AMD Global Telemedicine, Inc., TeleConsult Europe (TCE), SRL Diagnostics, Universal Service Administrative Company, Telemedicine Clinic, Apollo Telehealth, and University Health Network., among others

Key Segment

By System, By Implementation, By End-User, and By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

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North America to contribute majorly towards the overall market in terms of value

The growth of the Telepathology service market in North America can be attributed to escalated awareness about the advancement in online technologies across the healthcare & medical sector. Apart from this, the presence of a strong healthcare infrastructure facility and easy availability of high-speed internet will contribute tremendously towards the regional market growth. The U.S. is projected to be a key regional revenue driver of the North American market during the forecast timespan.

Key players in the Telepathology service industry include Leica Biosystems Nussloch GmbH, Canada Health Infoway, GE Healthcare, AMD Global Telemedicine, Inc., TeleConsult Europe (TCE), SRL Diagnostics, Universal Service Administrative Company, Telemedicine Clinic, Apollo Telehealth, and University Health Network..

Browse the full “Telepathology Service Market By System (Hybrid, Static and Dynamic), By Implementation (Research, Education, Diagnosis and Other), and By End User (Diagnostic Centres and Pathology Clinics, Hospitals, Academic Institutes, Research Organisations, Pharmaceutical, and Biotechnology Firms): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2022 – 2028” Report at https://www.fnfresearch.com/telepathology-service-market

This report segments the telepathology service market as follows:

Global Telepathology Service Market: System Segment Analysis

  • Hybrid
  • Static
  • Dynamic

Global Telepathology Service Market: Implementation Segment Analysis

  • Research
  • Education
  • Diagnosis
  • Other

Global Telepathology Service Market: End-user Segment Analysis

  • Diagnostic centres
  • Pathology clinics
  • Hospitals
  • Academic institutes
  • Research Organisations
  • Pharmaceutical firms
  • Biotechnology firms

Global Telepathology Service Market: Regional Segment Analysis

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

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