Digital Pathology Market to Generate Revenue of US$ 1.08 Billion by the end of 2027: TMR Study

Transparency Market Research's most recent report on the global 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐩𝐚𝐭𝐡𝐨𝐥𝐨𝐠𝐲 𝐦𝐚𝐫𝐤𝐞𝐭, covering the historical period of 2017-2018 and projecting into the forecast period of 2019-2027, highlights the increasing awareness surrounding digital pathology and the growing demand for advanced technology as key drivers for market growth. Additionally, the high incidence and prevalence of cancer and other chronic diseases are expected to further fuel market expansion.

The report indicates that the market reached a value of US$ 0.38 billion in 2018 and is forecasted to exhibit a compound annual growth rate (CAGR) of over 12.0% with US$ 1.08 Bn from 2019 to 2027.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1540&utm_source=OpenPR&utm_campaign=MansiR

𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐏𝐫𝐨𝐩𝐞𝐥 𝐆𝐥𝐨𝐛𝐚𝐥 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐏𝐚𝐭𝐡𝐨𝐥𝐨𝐠𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

Manual interpretation of tissue slides for disease diagnosis is both costly and labor-intensive, leading to increased errors and inconsistencies in diagnostic results. This not only raises the risk of diagnostic failures but also hampers the decision-making process.

However, technological advancements in digital pathology offer a solution to these limitations. These systems provide efficient and effective results for diagnostic tests. Moreover, digital pathology systems can analyze a large array of slides within a short duration, minimizing diagnostic errors.

These advantages collectively drive the global market demand for digital pathology systems during the forecast period.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞:

Leica Biosystems Imaging, Inc,OLYMPUS CORPORATION,F. Hoffmann-La Roche Ltd,Mikroscan Technologies, Inc.,Koninklijke Philips N.V., Sectra AB and Inspirata

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞

Image Analysis Software
Scanner

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬

Diagnosis
Consulting Services
Educational
Others

𝐄𝐧𝐝-𝐮𝐬𝐞𝐫

Diagnostic Laboratories
Academic & Research Centers
Pharmaceutical Companies
Others

𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐂𝐨𝐯𝐞𝐫𝐞𝐝:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

𝐏𝐥𝐚𝐜𝐞 𝐚𝐧 𝐎𝐫𝐝𝐞𝐫 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.transparencymarketresearch.com/checkout.php?rep_id=1540<ype=S&utm_source=OpenPR&utm_campaign=MansiR

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In February 2019, Neuberg Diagnostics and OptraSCAN Inc. announced the launch of Global TELEPath Network for the pathologist community in UAE, India and South Africa under a new joint venture namely Neuberg DIGIPATH. This is enabled to increase focus on providing advanced and affordable digital pathology solutions

In March 2018, F. Hoffmann-La Roche Ltd announced the launch of VENTANA DP 200 slide scanner for digital pathology. The slide scanner is high speed and produces images with high image quality. The launch of the product will broaden the product portfolio of the company and strengthen its position in digital pathology market.

In January 2018, Inspirata announced that it has acquired the company Omnyx from GE healthcare. The acquisition of the company will ensure that Inspirata has the one of the most comprehensive digital pathology solution work flow

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

Several factors are driving the growth of the digital pathology market, including the increasing prevalence of chronic diseases, the need for efficient diagnostic solutions, and advancements in imaging technologies. However, challenges such as data security concerns, high implementation costs, and regulatory hurdles may impede market growth to some extent.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

Emerging trends in the digital pathology market include the integration of artificial intelligence (AI) and machine learning (ML) algorithms for image analysis, the adoption of cloud-based solutions for remote access and collaboration, and the development of personalized medicine approaches leveraging digital pathology data.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲 𝐏𝐨𝐢𝐧𝐭𝐬:

Key areas of focus for market research and analysis include understanding customer needs and preferences, assessing market dynamics and competitive landscape, evaluating technological advancements, and identifying growth opportunities in emerging markets.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐓𝐌𝐑:

𝐍𝐞𝐭𝐰𝐨𝐫𝐤 𝐅𝐮𝐧𝐜𝐭𝐢𝐨𝐧 𝐕𝐢𝐫𝐭𝐮𝐚𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧 (𝐍𝐅𝐕) 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/04/27/2656843/0/en/Network-Function-Virtualization-NFV-Market-to-Generate-Revenue-of-US-241-5-Billion-by-the-end-of-2031-TMR-Study.html

𝐌𝐨𝐥𝐞𝐜𝐮𝐥𝐚𝐫 𝐃𝐢𝐚𝐠𝐧𝐨𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭- https://www.globenewswire.com/news-release/2023/04/27/2656786/0/en/With-11-1-CAGR-Molecular-Diagnostics-Market-to-Surpass-US-37-19-Bn-by-2028-Global-Analysis-by-TMR.html

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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This release was published on openPR.