In the year 2018 Global Digital Pathology Market was valued at USD 415.54 Million. By the year 2023, it is predicted to reach USD 717.41 Million with pace of 11.54% CAGR.
Digital pathology refers to use of digital tools to convert analog microscopic images into digital images. Digital pathology conveniently improves the efficiency of workflow and delivers faster and accurate test results when compared to other conventional methods. This technology is gaining demand in the global market as it brings number of improvements in drug discoveries activities, diagnostic tests, multi-functionalities in instruments and other research applications.
Rising prevalence of chronic diseases globally. (+) Increasing adoption digital pathology devices in the healthcare services across the worldwide. (+) Growing geriatric population. (+) Increasing demand for advanced diagnostic techniques. (+) Rising technological advancements in digital pathology systems. (+) Increasing investments for Digital pathology by government and private organization. (+) High cost involved for adopting of new digital pathology technology. (-) Lack of reimbursement policies. (-) Get your customized report: https://www.marketdataforecast.com/market-reports/global-digital-pathology-market-292/customize-report
Market Segmentation
The Global Digital Pathology Market is geographically segmented into
North America Europe Asia Pacific Latin America Middle East and Africa North America holds the largest market share in the global digital pathology market followed by Europe. North America for digital pathology market is mainly driven due to increasing investments in R&D activities, support from government bodies for the development of digital pathology systems and presence of well-established healthcare services. Asia-Pacific is gaining fast growth in the digital pathology market due to advancement of technologies, increasing investments in the medical field, rising aging population, and increasing healthcare expenditure are the driving factors which are projected to gain market share during the forecast period.
Leading companies for Global Digital Pathology Market are 3D-Histech Ltd, Hamamatsu Photonics, K.K., Digipath Co., ZEISS, Olympus Corporation, Yokogawa Electronic Corporation, Quorum Technologies Inc., Perkin Elmer, Inc., Definiens AG, Sectra AB, Koninklijke Philips N.V, GE Healthcare, Inspirata Co., Ventana Medical Systems, Inc., and Leica Biosystems.
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