Press release
Virtual Microscopy Market is Expected to Exhibit a High CAGR in Coming Years
U.S.-based Transparency Market Research (TMR) has announced the release of a new market research report. The report, titled âDigital Pathology Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020â, delivers detailed data regarding the global digital pathology market. The report is available on TMRâs website for sale.The report states that the global digital pathology market was worth close to US$229 million in 2013 and will grow to be worth US$492.8 million by 2020, expanding at a CAGR of over 11% therein.The report details the historical data regarding the digital pathology market and lists category-wise statistics.Industry Research Brochure Download: http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1540
Based on technology, the digital pathology market is segmented into telepathology and virtual microscopy. Due to growing application in disease diagnosis, virtual microscopy is expected to exhibit a high CAGR in the forecast period. Nevertheless, dynamic telepathology, a subcategory of telepathology, is also expected to exhibit remarkable growth.
The ability of digital pathology systems to effectively validate and identify novel drugs, to create molecular therapies, and to categorize patients for treatment procedures is boosting their demand remarkably across the world.
According to the report, the rising need for cancer detection, propelled by the increasing incidence of cancer across the world, is the key factor fuelling the demand for digital pathology systems.
The research study has evaluated the global pathology systems market on the basis of technology and application. Based on technology, the market was led by the virtual microscopy segment in 2013. Analysts have predicted that this segment will remain the leading segment over the forecast period due to the rising digitization of microscopic slides and the increasing usage of virtual microscopy in the diagnosis of diseases and in drug discoveries.
Asia Pacific, however, is likely to rise at the highest growth rate during the forecast period. The growing awareness regarding healthcare, the rapid rise in the geriatric population, and the increasing research activities for the development of novel drugs are expected to fuel the Asia Pacific digital pathology systems market in the coming years, states the report.
Some of the key international producers of digital pathology systems mentioned in this report are Digipath Inc., Leica Biosystems, GE Healthcare, Mikroscan Technologies Inc., Perkin Elmer Inc., Olympus Corp., Ventana Medical Systems, Inc., and Philips Healthcare.
About US:
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The companyâs exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMRâs experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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