Thursday, 23 August 2018

Virtual Microscopy Market Size in Global Industry : Overview, Research, Share and Trends 2018-2024

ResearchMoz presents professional and in-depth study of "Virtual Microscopy Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024".

Virtual microscopy may be defined as the process of placing microscopic images on computer networks that can be viewed by a large number of people across different locations.

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Virtual microscopy is based on the computer-based technology that combines microscopy technologies and digital technologies, both. Virtual microscopy allows the viewing of virtual slide with speed and ease. Virtual microscopy is widely being used across clinical and diagnostic laboratories, drug discovery and development, and academic research institutions. The global market for virtual microscopy has been segmented into drug discovery and development, diagnostics and academic research institutions, on the basis of application.

Virtual Microscopy Market: Growth Enablers

Significant advantages associated with virtual microscopy are playing a key role in driving the increasing demand for virtual microscopes. In June 2008, the University of Pittsburgh Medical Center and GE Healthcare, a business unit of conglomerate General Electric Co., entered into a partnership to develop a technically advanced virtual microscope replacing glass slides with digitalized images. These two partners collectively invested a total of USD 40 million (USD 20 million each) toward the launch of Omnyx LLC that will be designing virtual microscope. Factors such as digitization of microscopic slides, cost reduction, speed and accuracy, easy to communicate and share digital information are among others that are expected to support the growth of virtual microscopy for disease diagnosis and detection purposes during the forecast period from 2014 to 2020.

Globally, the increasing prevalence of cancer and continuously improving technology have also been identified as major factors driving the market for virtual microscopy worldwide. According to the American Cancer Society, during 2012, approximately 300,000 men and 276,000 women died in the U.S. owing to various cancer types.

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Virtual Microscopy Market: Region-wise Insight

In terms of geography, the market for virtual microscopy has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). In 2013, North America accounted for the largest regional market for virtual microscopy, followed by Europe and Asia-Pacific. High-level adoption of virtual microscopy across anatomic pathologies in the U.S. and a significant proportion of GDP being spent on healthcare are some major factors responsible for North America leading the market for virtual microscopy. In 2012, the U.S. and Canada spent approximately 17.9% and 10.9%, respectively, of their total GDP on healthcare. In Europe, growing geriatric population is likely to play a key role in the growing demand for virtual microscopes across the region.

In Asia-Pacific, Japan, India, China, Malaysia and Australia are the most potential markets. Growing economy of India and China, high unmet medical needs in the region and the presence a large pool of patients are some major factors that are expected to contribute in the growth of virtual microscopy market in Asia-Pacific region. Growing penetration by multinational companies in the region will also boost the market growth over the forecast period. On the other hand, high initial set up and maintenance cost and low funding from governments may affect the market growth in the region to some extent. Asia-Pacific has been anticipated to witness fastest growth rate during the forecast period from 2014 to 2020 as compared to North America and Europe.

Virtual Microscopy Market: Key Players

Aperio Technologies, Olympus Corporation, GE Healthcare, Ventana Medical Systems and Mikroscan Technologies, Inc. are among the major companies operating in the market for virtual microscopy. These companies are engaged in the development, designing, manufacturing and marketing of virtual microscopes. These companies compete with each other in order to get competitive edge over others.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape.

The study is a source of reliable data on:

    Key market segments and sub-segments
    Evolving market trends and dynamics
    Changing supply and demand scenarios
    Quantifying market opportunities through market sizing and market forecasting
    Tracking current trends/opportunities/challenges
    Competitive insights
    Opportunity mapping in terms of technological breakthroughs

The regional analysis covers:

    North America (U.S. and Canada)
    Latin America (Mexico, Brazil, Peru, Chile, and others)
    Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
    Eastern Europe (Poland, Russia)
    Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
    Middle East and Africa (GCC, Southern Africa, North Africa)


TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market.

TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place.  All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones.

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