Digital Pathology Market 2016 to 2024 is going to Witness exceptional growth analysis with leading players-Digipath Inc., Danaher Corporation, Hamamatsu Photonics K.K., Glencoe Software Inc., Koninklijke Philips N.V., Indica Labs Inc., PerkinElmer Inc., N

Digital Pathology Market Overview:
Digital Pathology is an active parameter based on images that allow the acquisition, management and interpretation of pathological information generated from a digitized glass slide and other devices. Applications of digital pathology include intraoperative diagnosis, training of medical students and residents, primary diagnosis, manual and semi-quantitative immunohistochemistry (IHC), diagnostic consultation, clinical research and clinical trials, and other diagnostic decision aids.

The digital pathology market valued at USD 390.7 Million in 2016, is expected to reach USD 1.3 billion by 2024, with an average annual growth rate of 16.6% during the forecast period.

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Drivers and Restraints:
It is believed that the increasing prevalence of chronic diseases is the driving force of the Digital Pathology Market. There is a clinical urgency to adopt digital pathology to improve existing diagnostic imaging measurements and reduce the high costs associated with these conventional diagnoses. As older people are more susceptible to chronic diseases, it is likely that the growth of the geriatric population will stimulate the demand for technologically advanced diagnostic techniques, thus increasing the market. Chronic diseases are responsible for a high mortality rate, according to a study published in Medscape. Due to the high prevalence of cardiovascular diseases, it is imperative to opt for advanced diagnostic and imaging alternatives. Full imaging is one of those techniques that have several advantages over conventional optical microscopes, which should offer lucrative opportunities. In addition, rapid technological advances in digital pathology systems play a vital role in the development of the market. It is expected that advances such as advanced visualization, computerization, robotic optical microscopy and multiple fiber optic communications will contribute to the growth of the market. The growing preference for computer-aided diagnosis that incorporates image processing and computer algorithms facilitates effective disease detection. It also helps to evaluate the anatomical structures of interest and to quantify the progression of the disease, as well as the risk assessment. These advantages offered by digital pathology systems should allow the market to improve.

Geographical Insights:
Based on geography level, the global digital pathology market is being analyzed as North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America dominated the market in 2016 and is expected to maintain its dominant position throughout the forecast period. This is attributed to the well-established healthcare infrastructure and the increasing adoption of digital pathology solutions in healthcare settings for fast and accurate results.

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Key Players of Digital Pathology Market:
Some of the leading market players of Digital Pathology Market are Digipath Inc., Danaher Corporation, Hamamatsu Photonics K.K., Glencoe Software, Inc., Koninklijke Philips N.V., Indica Labs, Inc., PerkinElmer, Inc., Nikon Corporation, Visiopharm A/S, Pixcelldata Ltd., Ventana Medical Systems, Leica Biosystems, HCL Technologies, 3DHISTECH, Biogeniux, Pathology Devices, Inc., Pathcore, OptraSCAN, and Sectrae are the major players of the market.

Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.

The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

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