The global telepathology market size was valued at USD 645.37 million in 2021, growing at a CAGR of 12.5% during the forecast period 2022-2028. Telepathology is defined as the electronic transmission of high-quality diagnostic data over a long distance using telecommunications technologies. It paves the way for the transport of high-resolution image-rich pathological data among locations for diagnostic, educational, and research reasons. Professional analysis on referrals cases, emergency services, treatment at a remote place, quality assurance, events and conferences, and educational training are all examples of applications for this technology.
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The increased awareness about the benefits of telepathology services among doctors and patients will open up new prospects for market expansion. Telepathology is the electronic transmission of high-quality clinical data via telecommunications technology in order to practice pathology from a distance. It allows pathological data with high-quality photos to be transferred among multiple sites for diagnosis, training, and research. The rising number of patients with chronic diseases, the growing clinical urgency to accept telepathology to enhance the current patient diagnostic imaging events and lower the high costs associated with the conventional diagnostic tests, the growing workload of healthcare professionals, and advances in laboratory diagnostic tests are among some of the major and crucial aspects that will likely greatly enhance the market. On the other hand, increased internet availability, as well as an improved revenue source for pathologists with extended consultation practices, would further contribute to the expansion of the telepathology service market in the above-mentioned predicted period by offering significant potential. Initial high setup costs, as well as errors in sampling pathological data, are predicted to function as market barriers for the telepathology service's development in the forecasted timeframe. The market's largest and most pressing obstacle will be a scarcity of qualified personnel.
The global telepathology market segmentation:
1) by services: Static Telepathology, Dynamic Telepathology, Hybrid Telepathology.
2) application: Diagnosis, Education, Teleconsultation, Research.
3) end-user: Pharmaceutical & Biotechnology Firms, Hospitals, Academic Institutions, Others.
North America leads the telepathology service market due to the increasing implementation of smart innovation, easy accessibility of well-equipped infrastructure, and increasing levels of investment in the health care system sector in the region, while Asia-Pacific is anticipated to grow at the highest rate in the forecast timeframe of 2021 to 2028 due to the rising levels of funding by numerous marts in the region.
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Some of the major players working in telepathology market, which include Southeastern Pathology Associates (U.S.), Visiopharm A/S (Denmark), Laboratory Corporation of America Holdings (LabCorp) (U.S.), University Health Network (Canada), Canada Health Infoway,Telemedicine Clinic (TMC) (Spain), microDimensions (Germany), AMD Global Telemedicine, Inc. (U.S.), and Polycom, Inc. (U.S.) to name a few.
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