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Digital Pathology Market Growth With Healthy CAGR of 12.5% to reach US$ 1,182.9 Million till 2027 | Global Size, Trends Insight, Share, Industry Demand, Comprehensive Analysis and Forecast to 2027

June 30th, 2020 Coherent Market Insights Releases

Digital Pathology Market – Insights

A dynamic, image-based environment that aids in acquisition, management, and interpretation of pathology information generated from a digitized glass slide is called digital pathology. It is also known as virtual microscopy. It is a potential method that can be used for diagnosing various chronic and infectious diseases.

The global digital pathology market is estimated to account for US$ 500.1 Mn in 2019 and is expected to reach US$ 1,182.9 Mn by the end of 2027.

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* The sample copy includes: Report Summary, Table of Contents, Segmentation, Competitive Landscape, Report Structure, Methodology.

Request a sample copy of this report@ https://www.coherentmarketinsights.com/insight/request-sample/379

Global Digital Pathology Market: Drivers

Rising prevalence of chronic diseases and need for early diagnosis of such conditions is expected to drive the market growth during the forecast period. For instance, according to the World Health Organization (WHO), 18.1 million new cases and 9.6 million deaths were registered due to cancer in 2018.

Moreover, rising incidence of infectious diseases is also fueling the global digital pathology market growth. For instance, according to the WHO, July 2018 Factsheet, around 71 million people suffer from chronic hepatitis C infection worldwide and around 3,99,000 deaths occur annually due to hepatitis C mostly due to cirrhosis and hepatocellular carcinoma.

In 2018, North America region held dominant position in the global digital pathology market, accounting for 57.8% share in terms of value, followed by Europe.

Browse Press Release: https://bit.ly/3gbPyRq

Global Digital Pathology Market: Restraints

However, high cost of digital pathology devices and equipment is a major factor restraining the market growth, especially in emerging regions. The overall cost of implementation of digital pathology can be around US$ 150,000. Other expenses also involve maintenance and training costs.

Moreover, the digital pathology market is facing challenges due to unclear regulatory policies, especially in the U.S., which is also expected to restrain growth of the digital pathology market.

Global Digital Pathology Market: Opportunities

Rising research and development activities in cancer is expected to offer lucrative growth opportunities for players in the global digital pathology market. For instance, in December 2019, Cancer Research UK and Vaccitech Oncology Limited announced a new partnership to develop a novel immunotherapeutic vaccine strategy for patients with lung cancer.

Moreover, the integration of cloud computing with digital pathology is also expected to drive the digital pathology market growth during the forecast period. Cost-effective healthcare can be provided by using cloud computing in digital pathology. Also, it will aid in managing increasing amount of data that is generated by the technology.

Services segment in the global digital pathology market was valued at US$ 86.9 in 2018 and is expected to reach US$ 263.2 Mn by 2027 at a CAGR of 13.1% during the forecast period.

Market Trends/Key Takeaways

Various hospitals are adopting digital pathology method for cancer diagnosis. For instance, in June 2019, Seoul St. Mary’s Hospital, a part of Catholic Medical Center (CMC), started operating a digital pathology system that aids in the diagnosis of cancer.

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Key players in the digital pathology market are focused on raising funds to expand their product portfolio. For instance, in December 2019, Paige, a U.S.-based company engaged in computational pathology, announced closure of Series B funding round of US$ 45 million. The company intends to use the funding to drive FDA clearance of its products and expand its portfolio.

Global Digital Pathology Market: Competitive Landscape

Key players operating in the global digital pathology market include Perkin Elmer, Inc., Definiens AG, Sectra ABss, Koninklijke Philips N.V., Paige, GE Healthcare, Inspirata Co., Ventana Medical Systems, Inc., Leica Biosystems, 3D-Histech Ltd., and Hamamatsu Photonics, K.K.

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
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Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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