Digital pathology Market Share Emerging Trends, Future Growth, Application Potential by 2027
Digital Pathology Market Research Report, By Type (Human Pathology, Animal Pathology), By Product (Hardware, Software, Storage), By Application (Telemedicine, Drug Discovery, Disease Diagnosis, mhealth) and By End-user (Hospitals & Clinics, Research Centers & Academic Institutes, Diagnostic Centers) – Global Forecast till 2028
The study of pathogens has become far more precise and convenient with the arrival of digital pathology. Unlike the conventional methods of analysing pathogens, digital pathology applies image-based computational formulas, which ensures greater accuracy. With the help of various digital apparatus, glass slide are converted into digital slides (virtual microscopy) that can be viewed, analysed, shared and managed in digital pathology. Moreover, such technologies are helping in providing faster and more effective diagnostic and prognostic services. Demand for digital pathology services has increased from both medical practitioners and patients, which has resulted in a significant upsurge in deployments in hospitals, clinics and diagnostic centres. A recent study conducted by Market Research Future (MRFR) reveals that the global market for digital pathology will witness an above average CAGR during the forecast period (2016-2022).
Development of Whole-Slide imaging technology has provided an impetus to the field of digital pathology and is emerging as one of the most effective diagnostic procedures. The technology has high potentials of delivering better, faster and affordable diagnosis and prediction over various chronic diseases. Increasing prevalence of chronic diseases and greater efforts towards enhancing the diagnostics and imaging quality is creating opportunities for digital pathology. In addition, rising global geriatric population and growing incidences of cardiovascular diseases has called for the development of diagnostic and imaging technologies with superior functionality. At the same time, manufacturers of digital pathology equipment are actively focusing on improving their existing products as well as developing superior versions of the current systems.
Technological innovation in digital imaging, microscopy and analysis of microbiome has reflected favourably on the global market for digital pathology. For instance, Whole Slide imaging has revolutionised the conventional glass scanning the technology. Furthermore, development of novel microarrays couple with the arrival of advanced predictive models such as API algorithms and hybrid models is expected to support the growth of the market in the forthcoming years.
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Latest Industry Trends and News:
Health technology expert Royal Philips has recently introduced a leading-edge pathology solution during the 2018 United States and Canadian Academy of Pathology (USCAP) Annual Meeting. The company also released its fast major upgrade for “TissueMark”, an advanced computational pathology solution. TissueMark helps in identifying sample volume for molecular testing with precise cellularity guidance.
OptraSCAN has recently unveiled its next-gen On-Demand Digital Pathology® system for clinical and research activities. Reportedly, the system is capable of uploading a whole slide image from a FFPE glass slide in less than 60 sec at a similar cost entailed in conventional microscope.
Global Market for Digital Pathology – Segmental Analysis
MRFR in its report has provide a detailed segmental analysis of the market based on types, application, products and end user. By types, the market has been bifurcated into animal pathology and human pathology. By product, the market has been segmented into software, storage server systems, scanners, and others. By application, the market has been segmented into disease diagnosis, telemedicine, drug discovery, mHealth and others. By end user, the market has been segmented into reference laboratories, hospital/clinics, research institutes, pharmaceutical companies and others.
Regional Overview
In terms of revenue, North America is expected to remain the most profitable market for digital pathology during the forecast period. Rising level of awareness about availability of advanced diagnostic and imaging solutions among Americans coupled with increase healthcare expenditure is driving the market in the region. North America is followed by Europe and Asia Pacific respectively. During the review period, the market is APAC is projected to witness a relatively higher CAGR.
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Global Market for Digital Pathology – Competitive Landscape
Mikroscan Technologies, Inc., microDimensions GmbH, Omnyx, LLC, Philips Healthcare, ViewsIQ Inc., Apollo Enterprise Imaging Corp., Definiens, Q2 Solutions, GE Healthcare, Huron Digital Pathology Inc, 3DHISTECH Ltd, and Xifin, Inc. are some of the top companies mentioned MRFR’s report
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