Digital Pathology Market By Key Vendors, Regions, Trends with Industry Study & Forecast to 2023
Market Research Future has Published a Cooked Research Report on the Digital Pathology Market Research Report - Forecast To 2023.
Digital Pathology or Computational Pathology leverages completely new perceptions through data analysis, enabling pathologists to consult on treatment options. The rapidly evolving pathology sector is a key element of modern diagnostic practices. There have been several innovations and widespread adoption of digital pathology. It has long been realized that the traditional histopathology is inefficient as it exposes samples to various handlers, increasing the scope for human error.
The growing number of innovations in the areas of pathology would further increase the size of the market to a great deal, in the next six years. According to Market Research Future (MRFR), the Global Digital Pathology Market is estimated for valuation of over USD 8,305.6 MN by 2023. In its recently published analysis, MRFR also asserts that the market would register a double-digit CAGR over 13.04% throughout the forecast period (2017-2023).
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Advantages like speedy diagnosis processes are facilitating treatments, which drive the market ahead. Additionally, the advanced medical services and the burgeoning healthcare sector worldwide are fostering the growth of the digital pathology market. The demand for fast proceedings of treatments, with an accurate diagnosis, is rising, which results in the growth of the digital pathology market.
The transition to cloud pathology is a prominent trend, observed during the analysis, which is expected to push up the growth in the market. This is due to the cloud-based delivery of solutions, which is cost-effective, take minimal installation time without needing a sophisticated IT infrastructure.
AI has the capacity of turning pathology into a digital zone. However, AI experts need to ensure that AI technology can reliably process reams of data, and the software is seamlessly integrated into the workflow of pathologists. Advances in the automation enable pathologists to spend more time on tougher cases, providing them with insights about the issues that human eyes can’t detect.
Digital Pathology Market - Industry Updates:
In August 2019, Philips made public that Taipei Veterans General Hospital (TPVGH) will make use of Philips IntelliSite Pathology Solution to create first fully digital pathology department in Taiwan. By enabling tissue samples to be remotely monitored within virtual pathology network in hospitals, the Philips IntelliSite Pathology Solution will assist in TPVGH to enhance quality of diagnoses and upgrade patient safety. Philips IntelliSite Pathology Solution is intended for in-vitro diagnostic purposes to analyze and understand digital images of surgical pathology slides.
Competitive Analysis
Players leading the digital pathology market include Danaher Corporation (US), Olympus Corporation (Japan), Inspirata (US), Huron Digital Pathology Inc. (Canada), 3DHISTECH Ltd. (Hungary), Koninklijke Philips N.V. (the Netherlands), Microdimensions GmbH (Germany), F. Hoffmann-La Roche Ltd. (Switzerland), Mikroscan Technologies, Inc. (US), and Definiens (Germany), among others.
Global Digital Pathology Market - Segmentation
The report is segmented into five key market dynamics to widen the scope of understanding,
By Type: Human Pathology and Animal Pathology.
By Application: mHealth, Telemedicine, Disease Diagnosis, and Drug Discovery, among others.
By End Users: Hospital/Clinics, Pharmaceutical Companies, Reference Laboratories, and Research Institutes, among others.
By Products: Storage Server Systems, Scanners, and Software, among others.
By Regions: Asia Pacific, Europe, North America, and Rest-of-the-World.
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