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Positive Impact Of COVID 19 On Global Digital Pathology Market to Continuing Service Excellence

07-28-2020 03:05 PM CET | Health & Medicine

Press release from: Allied Market Research

Digital Pathology Market

Digital Pathology Market

The digital pathology market size reached $550 million in 2018, with an annual CAGR of 13.3% from 2019 to 2026, reaching $1390 million by 2026.

DP (Digital Pathology) is a technology emerging in the field of pathology, and test results are converted into digital images for easy viewing, analysis, storage and management of the collected data. This is expected to lead to many advances and upgrades in traditional pathology. Therefore, the low number of pathologists worldwide is solved by the use of digital pathology, the main advantage of this technology. In addition, increasing application of digital pathology to disease counseling, especially cancer, promotes market growth. Other key factors contributing to the growth of this market are the spread of chronic diseases and the ease of virtual transport of slides. However, reimbursement policies, inadequate infrastructure, and the absence of expensive digital pathology devices limit the growth of the market.

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Depending on the product type, the scanner segment is expected to record significant growth rates over the predicted image period. Digital pathology scanners are thanks to the advantages provided by digital pathology scanners that help you easily analyze a variety of images and study complex shapes and features. The system also performs repetitive data analysis throughout the experiment and produces high-resolution images. In addition, the recent approval by the FDA has accelerated the growth of the digital pathology scanner market.

Based on the application, the pharmaceutical discovery sector will show significant market growth as the number of research activities increases and the adoption of digital scanning among pharmaceutical and biopharmaceutical companies increases.

Among end users, the pharmaceutical and biotech company segment was the largest in the global digital pathology market because it provides a systematic, documented and searched logistics pathology process. However, the clinical sector will show the fastest market growth as the number of clinics incorporating digital pathology has increased compared to traditional pathology, which in turn promotes the growth of the digital pathology market.

The Asia-Pacific region is expected to have the highest growth rate in the world market, and is expected to continue this trend throughout the forecast period. This is due to the increased incidence of chronic diseases in densely populated countries such as India and China. In addition, the adoption of digital pathology will further accelerate market growth.

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The main results of the digital pathology market:
• The scanner segment accounted for more than half of the global digital pathology market in 2018.
• The clinical sector is expected to grow to the highest CAGR during the forecast period.
• The disease diagnosis sector accounted for almost a third of the market in 2018.
• The Asia Pacific region is expected to grow at the highest rate during the analysis period, followed by LAMEA.

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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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