Digital Pathology market was valued at a range of $400m - $450m in 2018, and it is projected to grow with a CAGR of about 7.7%-8.5% during the forecast period 2019-2025. The information comes from a new market research report of IndustryARC titled: Digital Pathology Market: By Product (Scanner, Software, Communication Systems & others); By Type (Human, Animal); By End-User (Pharma & Biotech Co., Hospital & Reference Laboratories); By Application (Teleconsultation & others) & By Region - Forecast(2019 - 2025).Browse research report here: [URL]https://industryarc.com/Report/16354/digital-pathology-market.html[/URL]
Digital Pathology Market Product Analysis:
According to the World Health Organization, cancer was responsible for 9.6 million deaths in 2018 all over the world. National Cancer Institute states that expenditures for cancer care in the U.S. for the year 2017 were $147.3 billion. Digital Pathology coupled with artificial intelligence technology is a promising choice for pathologists and scientists to provide precision medicine for cancer. It plays a prominent role in scientific research as well as deals with 70% of medical decisions. Digital pathology is more efficient in handling medical challenges and acts as the future of pathological diagnosis.
Today, players in digital pathology marketplace offer products that involve scanning, sharing, management, and examination of pathology information in a digital environment. Increasing adoption of digital pathology in pathology departments provides a better overview of their work for a pathologist, thus it is transforming medicine in a digital world. It offers transparent diagnostic process/techniques to notice deviations at a quick rate within accurate digital image results. Advanced traditional microscope glass slides, “virtual microscopy” and developments in machine learning are boosting the growth of the digital pathology market. Machine learning applications are widely used in fetching patterns from a large database to deliver a faster diagnosis. Digitization has become more advantageous in affording great opportunities for both education and supervision as well as to enhance patient safety
Technological advancements such as digital imaging, robotic light microscopy, and multiple fiber optic communication are driving the growth of the digital pathology market. Hematology, histopathology, microbiology, and cytopathology are the most essential types of digital pathology imaging considered in research analysis. Emerging whole slide scanners, workflow management solutions, and image analysis platforms are attributing the growth of digital pathology systems. These systems support improvement in service quality. The growing number of cancer cases and increasing research activities at the same time are influencing the growth of human pathology in the digital pathology market
Digital pathology is proving as a standard technology to be used in healthcare management as it increases operational efficiency and optimizes patient care.
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