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Digital pathology is an image-based information environment, which is enabled by computer technology that allows for the management of information generated from a digital slide. The global market was valued at USD XXX Million in 2017 and is projected to reach USD XXX Million by 2023. It is considered as an emerging technology because of its usage in the fields of education, tissue-based research and drug development.
The factors that drive the growth in the market is increasing installation of digital systems, diagnosis of diseases and high-quality delivery of results. The digital pathology market is expected to rise in the near future because of the technological advancements and rise in the trend of automation.
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1. It makes the process more efficient and faster.
2. They can be stored forever.
3. It is economical.
4. High-quality result delivery.
5. It provides deep learning.
6. It offers great opportunities for education and learning.
The digital pathology market is segmented based on product type, application and by end-user. By Product type, it is divided into Image Analysis Software, Scanners. The market has been also segmented on Application into Diagnosis, Consulting Services, Educational and Others. Further, the market has been also segmented by End-User into Diagnostic Laboratories, Academic & Research Centers, Pharmaceutical Companies and Others. The analysis of the market depicts that the growth opportunities for the existing as well as entry-level players.
The digital pathology market is segmented into countries such as North America, Asia-Pacific, Europe and many others. The evaluation of the market shows that North America hold a major share in the market because of the higher awareness about digital pathology and their applications. Further, countries such as the U.S. and Canada have also significant growth in the market. Asia-Pacific witnessed significant growth in the market because of the improving healthcare facilities and rising population.
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The digital pathology market includes the leading companies competing in the market are Leica Biosystems Imaging, Inc, OLYMPUS CORPORATION, F. Hoffmann-La Roche Ltd, GE Healthcare, Mikroscan Technologies, Inc., Koninklijke Philips N.V., Sectra AB, Inspirata and Other Major & Niche Key Players.
The key players in the market are adopting numerous strategies, plans to grab major share in the market.
The digital pathology is one of the fastest growing markets because digitalizing the workflow makes the process automatic and therefore time can be focused on core issues. Further, the pathologist has a better overview of their work. Overall, it is an emerging technology because of its growing application in various fields such as drug development, cancer and others.