Telepathology Service Market: Overview
Telepathology refers to the electronic transmission of high quality pathological data by the means of telecommunications technology to practice pathology from a distance. It opens the door for transfer of high quality image-rich pathological data between different locations for the purposes of diagnosis, education, and research. This technology is being utilized for purposes such as expert opinion on referral cases, emergency services, diagnosis at remote location, quality assurance, conferences and meetings, and for educational training. Telepathology is an emerging technology that offers advancement of telecommunication to reach out patient in remote location and provides best diagnostic inference to distant healthcare provider.
This market research provides in-depth analysis of global telepathology service markets. It includes trends and sales in the telepathology service market. Key market players, service segments, supporting technologies, market dynamics, and competitive impact analysis are discussed in depth. The intended audience for this report includes Pathological Labs, Clinicians and Medical Practitioners, Medical Equipment Vendors, Outsourced Clinical Service Providers, Researchers and Academics, Healthcare Consultants, telecoms and tech start-ups among several other readers.
Telepathology Service Market: Growth Enablers
In the current economy, cost cutting is a cardinal driver for the advancement of any technology which offers cost effectiveness and global reach to the entire market. Accurate pathological assessment, quick diagnoses, timely treatment and delivery of high-quality healthcare are some of the prime factors that would emphasize the global market demand for telepathology.
In addition to that, the widespread presence of cancer, the increasing workload of healthcare providers, and advances in laboratory diagnostic tests drives the growth of telepathology market globally. However, the high initial setup cost and error in sampling pathological data would be catastrophic for global telepathology service market. Other factors which may restrain the telepathology services markets are rigorous regulatory requirements for telepathology systems as different issues arise in quality assurance and assessment of competence.
It is of paramount importance to have equivalence between telepathology system and pathologist`s usual method of practice in order to recognize and acknowledge differences. The telepathology system’s attributes and advantage differ from one company to the other. Every company’s system differs in their telecommunication technology, scanning software and backup. The key to establishing a presence in the telepathology service market is to have a setup with a system design for pathologists that are service provider-centric, that is based on requirements of provider and designed to meet end-user requirements.
Telepathology Service Market: Segmentation
Telepathology is primarily segmented in three domains, namely, static image-based systems, virtual slide systems, and real-time systems. The global market for telepathology is segmented based on scanning technology, application type (hospital based, home based), software and hardware configuration, clinical application and geography. An aging population in North America and Asia Pacific and rising demand for home-based treatment are expected to boost the current and future telepathology market.
23 million individuals aged 80 years or over were living in China in 2013. The USA contributed to about 12 million, followed by India and Japan, which had 10 million and 9 million, respectively. Apart from this increase expenditure in healthcare is also responsible for the shifting paradigm for future technology. It reflects the net result of the aging of the population on demand of technology that would be utilized for home based pathological diagnoses.
Telepathology Service Market: Key Players
Major market players profiled in this report includes include Canada Health Infoway, University Health Network, Meyer Instruments, Inc., Telemedicine Clinic (TMC), AMD Global Telemedicine, Inc., Emerge MD, Focal Point , Nationwide Medical Licensing, Polycom, Inc, Remote Medical Technologies, USAC - Universal Service Administrative Company, Visual Share, Inc., Wolf Vision Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.