WILMINGTON, DE / ACCESSWIRE / October 27, 2022 / Transparency Market Research Inc. - The global digital pathology market is estimated to gain a value of US$ 1.08 Bn by the end of 2027, states an assessment by Transparency Market Research (TMR). This aside, the review report finds that the digital pathology market is expected to grow at a CAGR of 12.0% during the forecast period, between 2019 and 2027.
North America is one of the profitable regions for companies operating in the global digital pathology market. The North America market is prognosticated to expand at significant pace during the forecast period owing to factors such as the presence of advanced healthcare infrastructure, rise in the prevalence of cancer, and increase in the number of R&D projects focused on new drug development activities, states a review by TMR.
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Companies operating in the digital pathology market are using different strategies such as new product launches, partnerships, and collaborations in order to maintain their market positions. Furthermore, players are investing heavily in product innovations. Such factors, in turn, are expected to help in the rapid expansion of the global digital pathology market during the forecast period, note analysts of a TMR study.
Digital Pathology Market: Key Findings
- Due to changing lifestyles of people, there has been a surge in the prevalence of different types of cancers such as lung, prostate, and breast cancer across the globe. Moreover, rise in the older population across the globe has resulted into increase in the cancer cases globally. Hence, the demand for varied digital pathology systems is being rising in the recent years. This, in turn, is prognosticated to drive the sales growth in the global digital pathology market during the forecast period, according to an analysis presented in a TMR report.
- In order to access the efficacy and safety of any new drug, preclinical studies are being carried out. Moreover, there has been increase in the clinical trials performed on animal models. The application of digital pathology systems is being rising in such researches as they can help in reducing the error rate, drug storing and integrating research data in electronic health records (EHRs), and assessing the response of patients to a specific drugs. These advantages of digital pathology systems have resulted into their increased adoption. This, in turn, is expected to create lucrative prospects for key players of digital pathology market, note analysts of a TMR study.
- Over the period of past few years, the government authorities of several developed and developing nations are increasing initiatives in order to support R&Ds focused on the drug discoveries and drug developments. Hence, there has been a rise in number of preclinical and clinical trials globally. Such factors are fueling the market growth, states a TMR analysis that delivers in-depth insights on the important segments of digital pathology market.
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Digital Pathology Market: Growth Boosters
- Surge in the cases of cancer across developed and developing nations is fueling the global digital pathology market growth
- Increase in the R&D projects intended for drug discovery is expected to boost the expansion of the digital pathology market share in the near future
Digital Pathology Market: Key Players
Some of the key players profiled in the report are:
- OLYMPUS CORPORATION
- Leica Biosystems Imaging, Inc
- Mikroscan Technologies, Inc.
- F. Hoffmann-La Roche Ltd
- Sectra AB
- Koninklijke Philips N.V.
- Inspirata
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Digital Pathology Market Segmentation
Product Type
- Image Analysis Software
- Scanner
Application
- Diagnosis
- Consulting Services
- Educational
- Others
End-user
- Diagnostic Laboratories
- Academic & Research Centers
- Pharmaceutical Companies
- Others
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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