Press release
Digital Pathology Market is expected to reach USD 1.3 billion by 2024| Key players are, OLYMPUS CORPORATION, Leica Biosystems Imaging, Inc., Mikroscan Technologies, Inc., Koninklijke Philips NV, GE HealthcareSectra AB, and Inspirata.
Digital Pathology Market was valued at USD 390.7 million in 2016 and projected to reach USD1.3 billion by 2024 growing at a CAGR of 16.6% during the forecast period 2018 to 2024.
Digital Pathology Market Overview:
Digital Pathology is an active, image-based environment that enables the acquisition, management and interpretation of pathological information generated from a digitized glass slide and other devices.
Browse details of 157 number of pages research report developed on Digital Pathology Market @ https://www.researchcosmos.com/reports/global-digital-pathology-market-trends-estimation-and-forecast-2024/2025531208
Digital Pathology Market Growth Drivers and Restraints:
Increasing prevalence of chronic diseases such as cancer, diabetes and cardiovascular diseases and the increasing use of digital pathology in drug development are among the factors driving the growth of the market. As per the market study, around 26% of low-income countries reported having pathology services generally available in the public sector in 2017. With the growing burden of cancer and the lack of pathology services in low-income countries, the digital pathology market is expected to grow during the forecast period. Increasing technological advances in health care play an important role in the strategic planning of cancer research and the delivery of precision drugs. Government initiatives further stimulate market growth.
However, the high cost of digital pathology systems and the lack of standard guidelines are among the major factors limiting the growth of the global market.
The integration of the Laboratory Information System (LIS) with the Digital Pathology System (DPS) will stimulate the adoption of this market and provide market participants with a potential opportunity to increase their revenues by offering installation and implementation, integrating both LIS and DPS.
Geographic Segmentation of the Digital Pathology Market:
North America had a significant participation in the global digital pathology market, in terms of revenue, in 2017, followed by Europe. Increasing acceptance of the digital pathology system in the region and the shortage of pathologists in North America are key factors in stimulating the market in the region. Developed countries such as the United Kingdom and Germany have an increased knowledge of digital pathology and its applications. This should stimulate the market in the regions in the coming years. The Asia-Pacific market is growing rapidly. Countries such as China, India and Japan have huge potential for market growth due to the high prevalence of cancer, population growth and improved health infrastructure in the region.
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Key Market Players of the Digital Pathology Market:
Some of the key players in the global digital pathology market include, OLYMPUS CORPORATION, Leica Biosystems Imaging, Inc., Mikroscan Technologies, Inc., Koninklijke Philips NV, F.Hoffmann-La Roche Ltd., GE HealthcareSectra AB, and Inspirata.
Digital Pathology Market – Key Segmentation:
By Products:
• Whole Slide Imaging
• Image Analysis- Informatics
• Information Management System Storage and Communication
• Others
By End User:
• Educational Institutes
• Hospitals & Diagnostic Centers
• Pharmaceuticals and Biotechnology Companies
By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
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