As per current published report by Markntel Advisors the Digital Pathology Market is estimated to grow at a CAGR of around 9.8% during the forecast period, i.e., 2024-30. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.
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Global Digital Pathology Market Driver:
Rising Cases of Chronic Disorders Driving the Market Size & Volume – The anticipated surge in chronic illnesses and the subsequent need for more testing are expected to boost the uptake of products. This, coupled with market players' increasing efforts to address the rising demand for diagnostics, will likely drive market growth. Additionally, broader applications of these platforms, including predictive analysis, are predicted to further contribute to this upward trend. For instance,
- In April 2022, PreciseDx unveiled its new digital platform capable of pinpointing Parkinson's disease (PD) with precision, even before severe symptoms manifest.
Such product launches will support the increasing demand for these systems with the added benefits of machine learning in the coming years. Additionally, the expected surge in market growth is attributed to the rise of government-funded research programs aimed at promoting innovation in pathology's digital tools. For instance,
- In March 2022, Inspirata was granted clearance by the U.S. Food and Drug Administration (FDA) for its Dynamyx software to replace traditional glass slides as a primary diagnosis tool, resulting in better availability of the software across the United States.
Moreover, it offered an open platform that harmonized with various scanners used throughout different industries. In addition, increasing approval for digital tools is expected to boost the adoption of these devices, thereby augmenting market growth & development.
The Digital Pathology Market has segmented the market into the following categories:
By Component
(Software, Service, Hardware [Digital camera Scanner, Communication System, Storage System, Others]),
By Application
(Clinical Pathology, Teleconsultation, Molecular Diagnostics, Basic & Applied Research, Drug Development, Others),
By Technology
(Whole Slide Imaging, Image Analysis Software, Storage, Communication Data, Others),
By Type
(Genetic Pathology, Hematology and Clinical Pathology, Immunopathology, Chemical Pathology, Forensic Pathology, Microbiology),
By End User
(Biotech & Pharma Company, Hospitals, Diagnostic Centers, Others)
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By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Environment Featuring Key Players:
Philips, F. Hoffmann-LA Roche Ltd., Vital Signs Solutions Ltd., Sectra, Agilent Technologies Inc., Hamamatsu Photonics K.K., Nucleai, Medtech (Sigtuple), PreciseDx, Inspirata, Apollo Enterprise Imaging Corp., Aurora Interactive Ltd., Glencoe Software, Inc., Digipath Inc., Leica Biosystem Inc., Mikroscan Technologies Inc., Others
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