Digital Pathology market size was valued $450m in 2018, and it is projected to grow with a CAGR of about 8.5% during the forecast period 2019-2025. The information comes from a new market research report of IndustryARC titled: Digital Pathology Market: By Product (Scanner, Software, Communication Systems & others); By Type (Human, Animal); By End-User (Pharma & Biotech Co., Hospital & Reference Laboratories); By Application (Teleconsultation & others) & By Region - Forecast(2019 - 2025). This report covers digital pathology market Size by type and product, digital pathology market share by top 5 companies and also the market share by start-ups during the forecast period.
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Digital Pathology Market Product Analysis:
According to the World Health Organization, cancer was responsible for 9.6 million deaths in 2018 all over the world. National Cancer Institute states that expenditures for cancer care in the U.S. for the year 2017 were $147.3 billion. Digital Pathology coupled with artificial intelligence technology is a promising choice for pathologists and scientists to provide precision medicine for cancer. It plays a prominent role in scientific research as well as deals with 70% of medical decisions. Digital pathology is more efficient in handling medical challenges and acts as the future of pathological diagnosis.
Today, players in digital pathology marketplace offer products that involve scanning, sharing, management, and examination of pathology information in a digital environment. Increasing adoption of digital pathology in pathology departments provides a better overview of their work for a pathologist, thus it is transforming medicine in a digital world. It offers transparent diagnostic process/techniques to notice deviations at a quick rate within accurate digital image results. Advanced traditional microscope glass slides, “virtual microscopy” and developments in machine learning are boosting the growth of the digital pathology market. Machine learning applications are widely used in fetching patterns from a large database to deliver a faster diagnosis. Digitization has become more advantageous in affording great opportunities for both education and supervision as well as to enhance patient safety
Technological advancements such as digital imaging, robotic light microscopy, and multiple fiber optic communication are driving the growth of the digital pathology market. Hematology, histopathology, microbiology, and cytopathology are the most essential types of digital pathology imaging considered in research analysis. Emerging whole slide scanners, workflow management solutions, and image analysis platforms are attributing the growth of digital pathology systems. These systems support improvement in service quality. The growing number of cancer cases and increasing research activities at the same time are influencing the growth of human pathology in the digital pathology market
Digital Pathology Market Competitive Landscape:
Omynx LLC, 3DHistech, Inc., Olympus Corporation, GE Healthcare, Leica Biosystems, Philips Healthcare, Ventana Medical Systems, Inc., Objective Pathology Services, Hamamatsu Photonics, Inc., Corista are some of the key players operating in the digital pathology market.
In 2018, Inspirata acquired Omnyx LLC from GE Healthcare. Inspirata uses a unique “solution-as-a-service” delivery model in pathology workflows. Omnyx LLC is an innovator of Brilliant Software to pathology departments worldwide. Through this acquisition, Inspirata achieved an end-to-end integrated pathology solution with a scanner-agnostic whole slide image viewer and image management system. It has enabled its geographical footprint expansion across Europe and Canada through the use of Digital IVD devices for primary digital diagnosis. Inspirata received an award of $3 million from the National Cancer Institute (NCI) to advance digital pathology in 2018. Previously, it also received an amount of $6.4 million as apart for developing digital pathology-based tests for breast and lung cancers.
3DHistech, Inc provides whole slide scanners named as Pannoramic DESK II, MIDI II, SCAN II, and 250 FLASH III. Among them, Pannoramic 250 FLASH III is an optimal solution for digital pathology research and storage, with increased speed and efficacy that is about 60 slides per hour. It also deals with software applications such as QuantCenter, CaseCenter, and CaseVieweer that incorporates effective pathology workflow.
In early 2019, Olympus digital solutions provider in medical technologies announced a partnership with The University of Southern California to invent a precision medicine through advancing multiscale research which is helpful in cancer prevention, diagnosis, and treatment.
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Digital Pathology Market Segment Analysis:
Drug discovery application is leading with a major share in the digital pathology market, which is estimated to grow at a CAGR of 4.2%-4.8% during the forecast period 2019 - 2025. The growing preference by pathologists and scientists in research and accurate medicine delivery are fuelling the growth of drug discovery application in the digital pathology market.
On the basis of the geographical analysis, North America holds a major share that is about 38%-40% among other regions in the global market.
Digital pathology is proving as a standard technology to be used in healthcare management as it increases operational efficiency and optimizes patient care. Evolving drug discovery application are estimated to stroke the incessant demand in the digital pathology market during the forecast period 2019-2025.
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Transparency Market Research (TMR) has published a new report titled, ‘Digital Pathology Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’.
According to the report, the global digital pathology market was valued at US$ 0.38 Bn in 2018 and is projected to expand at a CAGR of over 12.0% from 2019 to 2027.OverviewDigital pathology (DP) is an image-based platform that involves managing, analyzing and interpreting digital information reflected on a digitized slide.
Digital pathology is poised to streamline the workflow and activities of diagnostic laboratories and pathologists in near futureDigital pathology market is currently booming owing to rise in research and development activities.
Surge in incidence and prevalence of chronic diseases and demand for advanced therapeutics are leading to increase in demand for new drugs and medicines.
This in turn is increase in focus of research and development.Increase in number of trade fairs and exhibitions are creating awareness about the benefits of digital pathology solution.
Thus, rise in awareness towards usage of digital pathology solutions for diagnosis of disorders and diseases is anticipated to drive the growth of market.Request a PDF Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S_id=1540North America dominate the global digital pathology market in 2018 and the trend is anticipated to continue during the forecast period.
Further, this report also highlights smart strategy adopted by major players and also their market share.
Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Digital Pathology Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/digital-pathology-market/download-sampleMarket DynamicsDigital pathology is emerging as a proven and essential technology for tissue-based research, drug development, and the practice of human pathology throughout the globe.
It is committed to minimizing the cost of laboratory expenses, improved operational efficiency, enhanced productivity, and improving treatment decisions and patient care.
There are also other applications, such as sorting and workload balancing, that digital technology can help to perform in the background to make the laboratory workflow more efficient and make the best use of pathologist’s time.
The future of digital pathology could eventually encompass enhanced translational research; computer-aided diagnosis (CAD) and personalized medicine with advances in software applications, LIS / LIMS interfacing, and high-speed networking.
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According to a research report "Cognitive Assessment and Training Market by Assessment Type (Pen- and Paper-Based, Hosted, Biometrics), Component, Application (Clinical Trial, Screening & Diagnostics, Brain Training, Academic Research), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the cognitive assessment and training market size is expected to grow from USD 1.98 Billion in 2016 to USD 8.06 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 32.3%.Browse 63 market data tables and 47 figures spread through 150 pages and in-depth TOC on "Cognitive Assessment and Training Market - Global Forecast to 2021"The major forces driving this market are aging global population, increasing awareness about brain fitness, and advancements in technology.
The growing market for cognitive solutions and increasing demand for brain training by next-generation tech-savvy population are contributing to the growth of the cognitive assessment and training market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1039Clinical trials in terms of application is expected to hold the largest market share in the cognitive assessment and training market during the forecast periodClinical trials are mainly used to identify, measure, or monitor cognitive impairments and cognitive changes.
The assessment of cognitive functions is an integral part of decision-making during clinical drug development, as certain drugs can have an impact on the cognitive capabilities of the brain.
The market is expected to contribute the highest revenue for vendors offering clinical trials.Education vertical is expected to grow at the highest CAGR in the marketCognitive assessment solutions and services are used in the education vertical for screening prospective candidates for schools or colleges.
The leading cognitive assessment and training vendors for this vertical are Pearson Assessment and CogniFit.North America is expected to contribute to the largest market share and Asia-Pacific to grow at the highest CAGRNorth America is expected to hold the largest market share and to dominate the cognitive assessment and training market from 2016 to 2021, due to the increasing awareness among population about adopting medication for cognitive diseases.
The new generation in this region is more concerned toward the benefits of cognitive training, which is not just limited to patients with cognitive dysfunctions.
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