Market Research Report
Digital Pathology Market Size, Share & Trends Analysis Report By Technology (Whole Slide Imaging, Telepathology), By Application (Academic Research, Diagnosis, Drug Discovery), By End-Use, And Segment Forecasts, 2018 - 2025
|Published by||Grand View Research, Inc.||Product code||355264|
|Published||Content info||175 Pages
Delivery time: 1-2 business days
|Digital Pathology Market Size, Share & Trends Analysis Report By Technology (Whole Slide Imaging, Telepathology), By Application (Academic Research, Diagnosis, Drug Discovery), By End-Use, And Segment Forecasts, 2018 - 2025|
|Published: June 14, 2018||Content info: 175 Pages||
The global digital pathology market size is expected to reach USD 887.7 million by 2025, according to a new report by Grand View Research, Inc., exhibiting a CAGR of 12.0% during the forecast period. Growing prevalence of chronic diseases such as cancer is one of the key factors stimulating market growth. As a consequence of high prevalence of cancer, pathologists require specific data that facilitates personalization of therapies for patients. Thereby, digital pathology is increasingly being preferred by pathologists as it accelerates the rate of diagnosis, increases diagnostic accuracy, and provides therapeutic recommendations to improve patient outcomes. Pathologists and researchers require highly efficient biomarker quantification tool for efficient cancer diagnosis, thus augmenting the demand for automatic image analysis, which helps in molecular, functional, and genetic characterization of tumors.
Benefits associated with digital pathology is responsible for the broadening growth potential of the market. It also facilitates histological slide sharing and eliminates issues pertaining to sharing sample of live cells and degradation of these samples. It also enables a pathologist to share sample specimen images, thus eliminating the need for transportation of slides. Significant increase in the number of cancer cases has resulted in discordance in ratio of patients to that of pathologists. Shortage of pathologists owing to poor recruitment and significant increase in the complexity of diagnostics has raised the demand for digital pathology further for evaluation of chronic diseases.
The Asia Pacific digital pathology market is projected to progress at a significant CAGR during the same period owing to improving healthcare systems, rising healthcare expenditure, and growing awareness.