Digital Pathology Market projected to grow with significant CAGR over the forecast period

Global market study of Digital Pathology
Digital Pathology Market: An image-based information for the analysis, management, and interpretation of information delivered to a digital slide is defined as digital pathology. The field of pathology is growing into technology-based and specimen samples containing slides are converted into digital images for easy viewing, storage, analysis and management of data collected. This ensures that virtual microscopy helps in market growth by being on a platform where posting image and transmission is possible through a network. Technology-based data which are upscale images helps in better viewing and maintenance of patient health records electronically.

The global market for digital pathology market is growing owing to the cost-effective procedures, high efficient analysis of digital slides and ease of slides transportation virtually. Images can be processed by computing algorithms and can produce enhanced output. In addition to that decreased time for the diagnosis and low risks of errors through digital pathology, techniques are showing tremendous changes in the market growth of digital pathology market. However, lack of skilled professionals and unfavorable reimbursement policies are factors can hamper the digital pathology market growth.

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Digital Pathology Market is categorized as under-
1. Product
• Scanners
• Software
• Communication Systems
• Storage Systems

2. Type
• Human Digital Pathology
• Animal Digital Pathology

3. Application
• Teleconsultation
• Disease Diagnosis
• Drug Discovery

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4. End users
Hospitals, Pharmaceutical companies and academic institutes.

Geographically, digital pathology market segmented into five regions they are North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to grow at significant rate in digital pathology market owing to technological advancements and increase in R&D investments. Followed by Europe which is also expected to grow in the market of digital pathology due to the presence of patient pool. Rising investments, the adaptation of digital imaging procedures are some factors which are helping the market grow in emerging economies. Some of the key players in global digital pathology are Perkin Elmer, Inc. (U.S.), Olympus Corporation (Japan), AstraZeneca plc (Definiens AG) (U.K.), Sectra AB (Sweeden), GE Healthcare (U.K.), Inspirata Co. (U.S.), The Danaher Corporation (U.S.), Koninklijke Philips N.V (Netherlands), F. Hoffmann-La Roche AG (Ventana Medical Systems) (Switzerland), Carl Zeiss AG (Germany), 3D-Histech Ltd. (Hungary), Yokogawa Electronic Corporation (Japan), Quorum Technologies Inc. (Canada) and to name a few. In 2017, Danaher Corporation partnered with Leeds Hospital to improve workflow and productivity.

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Digitalization of pathology led to the automation of the tests during diagnosis, thus saving cost and efforts. For example, now a single digital instrument can perform those tests that were previously performed using five instruments by pathologists. The net effect has resulted in cost-reduction in total cost of diagnostic procedures and services. Digitalization of tissues slides contributes to helping the pathologists in diagnosis and detection of disease and can be analyzed using computer algorithms. The advancement in digital pathology is changing the working of conventional pathology. Currently, companies are adopting collaborative steps in product development such as in 2016, Visiopharm partnered with Inter Instrument A and LRI Imaging, to deploy digital pathology systems in Scandinavia.
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