Digital Pathology Market : Market Research By Knowledge Sourcing Intelligence
Digital pathology
market is projected to witness a compound annual growth rate
of 12.08% during the forecast period to reach a total market size of
US$1036.231 million by 2023, increasing from US$522.608 million in
2017. Digital pathology is a dynamic, image-based environment that enables
the acquisition, management and interpretation of pathology information
generated from a digitized glass slide. The demand for digital
pathology solutions will increase during the forecast period primarily owing
to their rising applications in the field of education, and the
practice of human pathology across the globe. In addition, increasing
applications in drug development will also provide ample opportunities for the
existing and new market players.
The North
American region is expected to hold a substantial share of the market
during the forecast period owing to the early adoption of new technologies
and well-established healthcare infrastructure in the region. Asia Pacific
will see many growth opportunities due to proliferation and adoption of
the advanced techniques by the laboratories and hospitals in the region coupled
with the rising demand for better healthcare. However, security concerns
associated with the transfer of patient’s data over the internet and high cost
of the digital pathology solutions may act as a restrain to the growth of
the market during the forecast period. Market Researchis done by
knowledge sourcing industry due to huge scope with respective industry.
DIGITAL PATHOLOGY MARKET, US$
MILLION, 2017 TO 2023
Digital
Pathology Market by Geography
Geographically, digital
pathology market is segmented as Americas, Europe Middle East and Africa
(EMEA), and Asia Pacific (APAC). North America and Europe regional
markets hold significant shares in the global digital pathology market on
account of high investments in R&D across the healthcare sector coupled
with rising public funding to develop advanced digital pathology solutions. For
instance, UK government and Philips have recently invested in digital pathology
to fully digitize a number of NHS pathology labs in order to expand the access
to digital pathology services across the country. APAC will witness a
considerable CAGR during the projected period owing to rising medical tourism
industry in countries like Malaysia and Thailand.
DIGITAL PATHOLOGY MARKET SHARE BY
GEOGRAPHY, 2017
Rising Demand For Digital Pathology In Tele Consultation
The development of digital
pathology techniques such as digital microscopy allows accurate and
efficient measurements and evaluations and easier online tele consultation. With
speedy internet connections, the slides can easily be shared over a network
resulting in faster turnaround time. The complete slide is immediately
available via the World Wide Web for the consultant to view and provide an
expert opinion on. Some viewer solutions further include a multiparty
conferencing tool with synchronized viewing, and real-time annotation functions
that allow online discussion of the scanned slide by the referring pathologist
and the consultant, therefore, boosting the demand of the digital pathology for
tele consultation.
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