Pune, India -- (SBWire) -- 04/24/2019 --The latest report on Digital Pathology Market by Infinium Global Research gives complete coverage of the digital pathology market by type (veterinary pathology and human pathology), component (software, hardware), application (drug discovery, disease diagnosis), end user (education & training, research institutes, diagnostic laboratories, pharmaceutical companies) in terms of key trends, market size, forecast and CAGR growth over the period of 2018 to 2024. In addition, the study covers deep dive into key product and applications trends in the regional markets of digital pathology such as North America, Europe, Asia-Pacific and Latin America over the short run and long run. According to report the global digital pathology market is projected to grow at a CAGR of 12% over the forecast period of 2018-2024.
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Growing The Usages of Digital Pathology in Education and Contract Research Organizations, Health and Pharmaceutical Sectors is Boosting the Market over Forecast Period
Growing prevalence of chronic diseases such as cancer coupled with increasing geriatric population and rising rapid pathological test among the patients are the major factors which drive the growth of the market. In addition, reduction in diagnosis cost, efficient record keeping and rising demand for digital pathology are some of the factors that escalate the growth of the Digital Pathology Market. However, the high cost of digital pathology systems is projected to be the restraining factor for the growth of the market during the forecast period. Going forward, the growing use of telepathology in developing economies and the availability of affordable scanners for private pathology Practices may provide huge opportunities for the Digital Pathology Market in the near future.
North America Region to Dominate the Global Digital Pathology Market through 2018-2024
Among the geographies, North America is expected to be the leading revenue contributor in the digital pathology market followed by Europe. Growing prevalence of chronic diseases, initiatives taken by the government and market players in diagnostics and the vast presence of major players in this region are some of the factors estimated to supplement the growth of the North America region. The Asia Pacific is the fastest growing region in this market owing to the rise in occurrences of chronic diseases coupled with a rapidly growing population in countries such as India and China. In addition, other factors are responsible for the growth of the digital pathology market are rising the healthcare expenditure and growing awareness.
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Visiopharm Broaden its Diagnostic Digital Pathology Solution with Oncotopix Scan
In November 2017, Visiopharm has entered an agreement with HAMAMATSU to sell their portfolio of slide scanners, co-branded as Oncotopix® Scan, for clinical customers in Europe.
Hamamatsu Photonics, a leading manufacturer of Whole Slide Image (WSI) scanners, are delighted with the collaboration with Visiopharm, a digital pathology software and solution integrator.
Corista to Collaborate with Elsevier to Enhance Digital Pathology Workflow
In May 2018, DP3 Digital Pathology Platform offers Instant Access to Elsevier's ExpertPathTM image library. Corista, a leader in integrated pathology solutions, announced its collaboration with Elsevier, a world-leading provider of scientific, technical and medical information products and services. Corista offers direct access to Elsevier's ExpertPathTM and ImmunoQuery® from within the Pathology DashboardTM of its award-winning DP3® comprehensive digital pathology workflow suite. DP3 is used by major medical organizations to improve the tumor board process, conduct remote location consults, and integrate pathology workflow with existing digital systems, including all whole slide scanner platforms and laboratory information systems.
Report Findings
1. Drivers
Growing Prevalence of Chronic Diseases Such As Cancer
Initiatives Were Taken by the Government and Market Players in Diagnostics
2. Restraints
High Cost of Digital Pathology Systems
3. Opportunities
Availability of Affordable Scanners for Private Pathology Practices
Growing Use of Telepathology in Developing Economies
To know more about the Digital Pathology Market, Visit the link- https://www.infiniumglobalresearch.com/healthcare-medical-devices/global-digital-pathology-market
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