20th March 2020 - The global Digital Pathology Market is predicted to
witness substantial growth in the coming years due to increasing need to
improve the existing diagnostics imaging measures and reduce the cost of
traditional diagnostics. Digital pathology is a powerful image-based
environment for data acquisition and interpretation of examined data obtained
from the slide. It is majorly used in healthcare applications and life
sciences.
Currently, digital pathology is indispensable to gain a wide popularity
since it greatly assists the healthcare professionals in diagnosis and
treatment, specifically supports the education domain, used widely in research
and development of large number of drugs, and also it is an important tool for
human laboratory practice on the global scale. It delivers improved analysis
that helps physicians and experts in decision making, speedy access to
emergency cases, and data storage for future predictive analysis, offers live
zooming option with multiple angle views, enable team annotation for slides,
and reduce errors or misidentification.
The key drivers of the digital pathology market include increasing awareness
of digital pathology across the globe and growing adoption, rising
technological enhancement in the analysis software, increasing prevalence of
cancer, high efficiency of pathological assessment, increased workload of
pathologists, and delivery of superior results. However, strict regulations and
significant cost of the systems are few restraining factors in the digital
pathology industry.
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Increasing focus on improving the efficiency of workflow and adoption of
quicker diagnostic tools for chronic disorders is trending in the digital
pathology market. Nonetheless, digital pathology has several advantages over
the traditional techniques, which is expected to offer lucrative opportunity
for various applications.
With an aim of improving digital pathology services, Neuberg Diagnostics, a
prominent player in the industry merged with OptraSCAN Inc. US, for the
introduction of ‘Neuberg DIGIPATH by OptraSCAN Inc’. With a highly proficient
team based in UAE, India, and South Africa, this venture offers solution for
digitized tissue slides and tele-pathology demanded by medical institutes,
hospitals, and the physicians.
Moreover, since the digital pathology domain is gaining momentum in India,
the associated instruments are significantly priced, making it difficult for
the customers to purchase. But the services offered by this merger are
predicted to support pathologists and private hospitals in terms of
better-quality scanner, telepathology software platform, image management
tools, along with Neuberg’s histopathology network.
The leading players are OLYMPUS CORPORATION, Sectra AB, F. Hoffmann-La Roche
Ltd, Mikroscan Technologies, Inc., Leica Biosystems Imaging Inc., GE
Healthcare, Inspirata, and Koninklijke Philips N.V.
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