The Global Digital Pathology Market is expected to be majorly driven by the technological advancements in diagnostics technology, according to our research report “Global Digital Pathology Market Outlook 2023”. The global digital pathology product segment market is sub-segmented into software and scanner on the basis of product type. Among these product types, software is expected to be the fastest growing market in product segment owing to availability of user friendly interface and efficient output of software.
The global digital pathology market is predicted to expand significantly at a CAGR of 11.85% over the forecast period i.e. 2016-2023. However, the market of digital pathology is expected to reach USD 726.2 Million by 2023. The market of North America region is expected to account the largest revenue share over the forecast period owing to rising demand for eminence diagnostics and introduction of effective re-imbursement policies across the region.
Asia-Pacific market of digital pathology is predicted to register a CAGR of 15.2% over the forecast period i.e. 2016-2023 and it is expected to be the second largest share contributor in terms of revenue across the globe.
Technological Advancements: Diligence
Introduction of digital pathology integrated with cloud technology in order to improve connectivity and effectiveness, whole side image technology which enables 3D diagnosis and images, increase in health expenditure by governmental authorities and rise in funds for the advancement of diagnostics technology in order to obtain accurate and qualitative results are some of the key elements which is expected to bolster the demand for digital pathology in near future.
Rising aging population:
Rise in aging population along with increase higher risk of cardiac diseases, and chronic diseases owing to consumption of junk and ready to cook food. Apart from this, physical inactivity in urban cities is likely to increase risk of diabetics. These are some of the major driving factors responsible for the growth of digital pathology market over the forecast period i.e. 2016-2023.
However, high cost of digital pathology equipment; increase the cost of diagnosis tests as compared to conventional pathology tests, requirement of periodic calibration of pathology equipment, lack of awareness towards digital pathology and presence of strict regulations are some of the factors which are hindering the growth of digital pathology market across the globe.
The report titled “Global Digital Pathology Market Outlook 2023” delivers detailed overview of the Global Digital Pathology Market in terms of market segmentation by Technology Type, by Product Type, by Application Type, by Screening Services, by End-user.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the service providers of the Global Digital Pathology Market which includes company profiling of GE Healthcare, Inspirata Co., 3D-Histech Ltd., Olympus Corporation, etc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview on the Global Digital Pathology Market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stake holders to align their market centric strategies according to the ongoing and expected trends in the future.
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