Digital Pathology Global Market To Reach Value Of About $1.16 Billion In 2025
4 Jun, 2021
The digital pathology market consists of the sales of digital pathology equipment, platform solutions and related services by entities (organizations, sole traders, and partnerships) that develop clinical diagnostics, and workflow software and solutions. Digital pathology equipment converts glass slides into high-resolution digital images by utilizing slide scanner hardware, software, and services. These images can be viewed, managed, and analyzed on a computer or mobile screen. Digital pathology is expected to improve quality in the analysis, reduce errors, and provide a clearer and more convenient view, when compared to traditional pathology.
Global Digital Pathology Market Size And Drivers:
The global digital pathology market is expected to grow from $0.67 billion in 2020 to $0.72 billion in 2021 at a compound annual growth rate (CAGR) of 8.00%. The growth is mainly due to the growing demand for digital pathology due to COVID-19 impact, which had led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.16 billion in 2025 at a CAGR of 11.34%. The increased prevalence of cancer contributed to the growth of the digital pathology market.
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Trends In The Global Digital Pathology Market
The launch of endoscopy systems with artificial intelligence (AI) is gaining popularity in the digital pathology market. Artificial intelligence-based systems have been advanced to anatomize endoscopic images. They identify neoplasms with high accuracy and low interobserver variation. For instance, in April 2020, Olympus Corporation declared the launch of EVIS X1, an AI based endoscopy system. The new system helps derive outcomes from disorders of the stomach, colon, and esophagus, as well as from bronchial diseases, and makes work easier for endoscopist.
Global Digital Pathology Market Segments:
The global digital pathology market is further segmented based on product, type, end user, application and geography.
By Product: Scanners, Software, Communication Systems, Storage Systems
By Type: Human Pathology, Veterinary Pathology
By End User: Pharmaceutical & Biotechnology Companies, Hospitals & Reference Laboratories, Academic & Research Institutes
By Application: Drug Discovery, Disease Diagnosis, Teleconsultation, Training & Education
By Geography: The global digital pathology market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Digital Pathology Market At:https://www.thebusinessresearchcompany.com/report/digital-pathology-global-market-report
Digital Pathology Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides digital pathology market overviews, analyzes and forecasts market size and growth for the global digital pathology market, digital pathology market share, digital pathology market players, digital pathology market segments and geographies, digital pathology market’s leading competitors’ revenues, profiles and market shares. The digital pathology market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.