Digital Pathology Market Rising on grounds of Soaring Technological Developments, TMR
Digital pathology (DP) is an emerging technology intended to revolutionize the entire set up of conventional pathology. It has the ability to contribute towards effective management, storage, and interpretation of pathological information. Further, digital pathology helps a laymen with easy viewing and analysis of the data collected. The global digital pathology market is rising owing to the shortage of skilled medical professionals across the globe. Some of other factors which may influence growth in the global digital pathology market are discussed below-
- Global digital pathology market is anticipated to witness an upsurge owing to the desire to improve convention imaging diagnostic measures. This mainly due to increasing patients that require pathological services and insufficiency of conventional pathology to handle the increased demand.
- An upsurge in growth is anticipated in the global digital pathology market as the advanced technology has potential to reduce high cost associated with conventional diagnostics.
- Growing geriatric population across the globe is expected to offer substantial boost to the digital pathology market. This is because aged people are more susceptible to disease and chronic conditions.
- Apart from this, rapid development in technological aspects of pathology processes are playing a crucial role in the growth of the global digital pathology market. Some of the technological advancements in the pathology market are advanced visualization, robotic light microscopy, advance optic communications, microarrays and computerization.
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- Moreover, inclination of the consumers toward the digital pathology owing to the accuracy of diagnosis offered by digital pathology is increasing the proliferation of the digital pathology market. This is a pivotal factor expected to drive the global digital pathology market.
- Furthermore, rise in chronic disease across the globe is demanding a better working environment in pathologies. This is because of increasing clinical and preclinical trials of the penitents. This is a significant factors attributed to soar the global digital pathology market in the coming years.
- However, high installation cost of the systems combines with stringent rules imposed by the regulatory bodies are a few factors likely to restrain the global digital pathology market during the forecast period.
- In terms of revenue, diagnosis segment account for a major share of the market. This is because of high prevalence of infectious diseases across the globe.
- Furthermore, rise in in automation industry and improvement in overall healthcare infrastructure are primary factors driving the global market. However, high cost of initial set up, sampling errors, and stringent regulatory requirements are some factors that are likely to restrain the market during the forecast period.
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- In the year 2017, North America held a major share in the global digital pathology market and it is projected to dominate the market in the upcoming years as well. This is mainly because of increasing in awareness of advancements in pathology, and shortage of pathologists to render services
- Europe stands second in terms of growth in the global pathology market. This is mainly due to increasing geriatric population and high investments in the health care sector.
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