Digital Pathology Market To Reach USD 1180.2 Million By 2026 | CAGR of 12.2%
: New York, United States, 25-July-2020, (Via WiredRelease), (Reports and Data) – Based on current analysis the global Digital Pathology Market was valued at USD 463.2 million in 2018 and is expected to reach USD 1180.2 million by 2026, at a CAGR of 12.2%. Digital pathology is an innovation predominantly committed to improve operational efficiency, minimization of laboratory expenses, enhanced productivity, improving treatment decisions and patient care. Interpretation of pathology information generated from a digitized glass slide is known as digital pathology. Virtual microscopy is a part of digital pathology which enables to practice converting glass slides into digital slides that can be viewed, managed, shared and analyzed on a computer monitor. Digital pathology is presently considered as one of the most promising areas of diagnostic medicine in order to achieve accurate, feasible and faster diagnosis, prognosis and prediction of cancer and other important diseases.
Rigid regulatory requirements, high cost of systems and sampling errors are some factors that are anticipated to hold back the global digital pathology market during the forecast period. North America is anticipated to dominate the market during the forecast period owing to, technological progressions, R&D investments and continuous government support
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The COVID-19 impact:
Covid-19’s spread has affected manufacturing and construction activities worldwide. Logistic limitations and reconsiderations of the raw material requirements are becoming a problem for producers. The producers have relied on derived demand as an intermediate commodity to rationalize production. The pandemic’s economic impact on companies and financial markets is also not favorable. Stock market volatility and decreasing global growth are anticipated, which will affect the market. The market has experienced a downturn over the weeks, which may continue over the next few months. The Asia Pacific is the most affected region by this pandemic, with China at the center of the outbreak. Most initiatives in multiple countries have changed to a temporary halt. Development, as well as supply, is put on hold, creating losses for suppliers, dealers and customers alike.
For the purpose of this report, Reports and Data have segmented into the global Digital Pathology market on the basis of type, propellants, application, and region:
Product (Revenue in USD Million; 2016–2026)
scannerssoftwarecommunication systemsslide management systemsstorage systems
Type (Revenue in USD Million; 2016–2026)
Human pathologyVeterinary pathology
Applications (Revenue in USD Million; 2016–2026)
TeleconsultationDisease DiagnosisDrug Discovery and developmentCancer cell detectionOthers
End Use (Revenue in USD Million; 2016–2026)
Pathology labsPharmaceutical & Biotechnology CompaniesHospitalsAcademic & Research Institutes
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Regional Outlook (Revenue, USD Million; 2017-2027)
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Key insights of the report:
The report delivers key statistics on the current market status of the Digital Pathology manufacturers and is a reliable source of guidance and direction for the companies and individuals interested in the industry. The report delivers an overview of the industry, including the basic definition, applications, the latest manufacturing technology, and others. The report comprises of the company profile, product specifications, production capacity, production value, and market shares for the key competitors. The market is further divided by company, by country, and by application/type for the competitive landscape analysis.
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