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According to the latest report by IMARC Group, titled “Digital Pathology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global digital pathology market exhibited strong growth during 2015-2020. Digital pathology is an image-based system that incorporates the acquisition, management, storage, and interpretation of pathological information in a digital environment. The specimen slides are captured through scanners, data management systems, virtual microscopes, and cloud-based platforms. These slides provide a high-resolution digital image that can be viewed on mobile devices or computers. Digital pathology offers several benefits, such as improved analysis, reduced errors, enhanced imaging results, better patient outcomes, and lowered long-term costs. Consequently, it finds extensive applications across clinical research organizations (CROs) and biopharmaceutical companies for drug development, disease diagnostics, clinical research, and teleconsultations.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Digital Pathology Market Trends:
Rapid digitization across the medical sector and the widespread adoption of telepathology for faster and efficient diagnostics are majorly driving the global digital pathology market growth. In line with this, digital pathology offers enhanced data security as it uses barcoding, specimen tracking, and digital dictation, which, in turn, is facilitating its adoption across the healthcare sector. Moreover, various technological advancements, including the integration of laboratory information systems (LIS), fiber-optical communications, high-speed networking, artificial intelligence (AI), and robotic light microscopy, are contributing to the market growth. The market is also driven by extensive research and development (R&D) activities to advance telecommunication, microelectronics, sensors, and data analysis techniques, which is further creating a positive outlook for the market. Other factors, such as the increasing prevalence of chronic ailments and rising geriatric population, are contributing to the market growth. Looking forward, the market is expected to grow at a CAGR of around 10% during 2021-2026.
Market Summary:
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