Telepathology services, an innovative telecommunication and digital technology, is massively supplementing the growth of healthcare delivery systems. Lack of skilled physicians coupled with limited investment towards healthcare industry is restricting the growth of telepathology service market. According to World Health Organization (WHO), an approximate of 24% of the global disease burden is observed in African countries, wherein they have access to only 3% of the total healthcare workers along with a minute share, about 1% of the global financial resources in the form of investments towards healthcare. This presents potential growth opportunities for telepathology service vendors in the region and also for the global market participants. SRL Diagnostics, an India-based pathology service provider, has identified the shortcomings of the industry including lengthy turnaround time, lack of sub-specialty professionals and trained personnel in the developing regions, and is proactively promoting telepathology services. The company is constantly investing in developing latest technologies and tests, thereby enabling availability of quality care across diversified geographical regions including the SAARC region, the Gulf & Middle East, South-East Asia and Africa. In terms of revenue, global telepathology service market was valued at US$ 637.61 million in 2018 and is anticipated to reach US$ 1,786.77 million by 2027, growing at a CAGR of 12.2% over the forecast period. Hence, the rising need among patients across developing nations for improved healthcare services is influencing the market growth.
The detailed research study provides qualitative and quantitative analysis of the global telepathology service market. The telepathology service market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further, across all the major countries. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East, Africa, and Latin America.
Global Telepathology Service Market Revenue (US$ Million), By Region (2018)
Key Findings of the Report:
Global Telepathology Service Market