The growing emphasis on improving lab efficiency has led to the adoption of several new techniques. This paradigm shift has triggered the use of digital pathology systems to enhance the efficacy of laboratories. Digital pathology allows users to get access to vital data information and drastically reduces the turnaround time. In addition to this, higher laboratory efficiency aids in carrying out diagnostic tests effectively and reporting results in timely manner. Furthermore, access to slides provided by digital platforms and web services helps mitigate costs associated with shipping. Digital pathology also enhances laboratory workflow and conducts crucial functions such as capturing and storing data, and image sharing with telehealth and other healthcare providers. The cumulative force of these factors is leading the digital pathology market to sound maturity.
Advanced Healthcare IT Solutions to Accelerate Exponential Growth of Digital Pathology Market
The past decade has witnessed the penetration of technology across a spectrum of industries. The healthcare & pharmaceutical industries are no exception to this mass shift. Cutting-edge technologies such as machine learning and artificial intelligence have transformed several pathology processes. Different AI-based systems are streamlining the workflows in healthcare facilities including pathology diagnosis. This, in turn, is ensures high-quality medical care to patients. Moreover, healthcare organizations are collaborating with tech firms to enhance digital experience and further improve patient outcomes. Therefore, it is projected that the rising integration of the latest healthcare IT solutions in pharmaceutical labs will bode well for the digital pathology market.
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Digital Pathology Devices to Claim Lion’s Share in Foreseeable Future
Of late, the surge in the adoption of digital pathology devices has been recorded. Devices such as slide management systems and scanners are largely contributing to the growth of the digital pathology market. This is owing to the increased academic research initiatives along with the growing demand for enhanced solutions. Additionally, techniques such as whole-side imagining are facilitating advancements in magnification and scanning. Witnessing this, companies are now focusing more on developing advanced and high-quality pathology devices. Moreover, the sales of digital pathology devices have grown owing to their numerous benefits such as improved productivity, better patient outcomes, and reduced costs. This in turn is expected to create strong tailwinds for the digital pathology market in the coming years.
North America to Reign Supreme Owing to Stable Economic Growth in Region
Robust healthcare infrastructure, a consistent rise in GDP, and favourable government initiatives are propelling the advanced healthcare systems in North America. This makes the region an attractive site for major players in the digital pathology space. Another factor contributing to the regional market growth is the increased use of digital pathology for disease diagnosis which is significantly improving the quality of cancer diagnosis. Moreover, emerging economies across North America are expected to exhibit high growth potential. Against such a favorable backdrop, the digital pathology market in North America is set to experience robust growth over the forecast period.
Prominent Market Players
Some of the most competitive players in the global digital pathology market include ContextVision AB, Visiopharm A/S, Leica Biosystems, Olympus Corporation, Inspirata Inc., and F.Hoffmann-La Roche Ltd.
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