Software segment to grow at the highest CAGR during the forecast period
On the basis of product, the digital pathology market is segmented into scanners, software, communication systems, and storage systems. The scanners segment is estimated to account for the largest share of the global market in 2017. The large share of this segment is mainly due to the increasing adoption of digital pathology solutions across the globe. The software segment is projected to witness the highest growth rate during the forecast period, due to the availability of user-friendly, analytical, and advanced functions for pathology diagnosis.
The global market is expected to reach USD 756.1 million by 2022. Growth in the market is mainly driven by factors such as the increasing adoption of digital pathology to enhance lab efficiency, rising prevalence of cancer, growing applications of digital pathology in drug development and companion diagnostics, ease of consultation, and increasing initiatives by governments and industry players.
The increasing number of cancer research activities and growing collaborations between academic research institutes, universities, and pathology laboratories are driving the increased uptake of digital systems in human pathology.
Human pathology
Human pathology is the study and diagnosis of diseases through the examination of organs, tissues, cells, and bodily fluids. It presents information drawn from morphologic and clinical laboratory studies with direct relevance to the understanding of human diseases. Digital pathology has significant potential in human specimen slide analysis, facilitating morphological and clinical laboratory studies. It also improves productivity and efficiency and reduces manual errors.
Veterinary pathology
Veterinary pathology includes tissue analysis and diagnosis for veterinary studies. Experimental studies on the mechanisms of specific processes of human diseases using animals as models are widely carried out in veterinary pathology. The integration of digital systems into animal pathology procedures helps in improving the efficiency of the studies.
Digital pathology allows veterinarians to diagnose and enable reporting with higher precision and less time spent per case. It enhances processes such as workload balancing, consultations, second opinions, and frozen-section reviews. Currently, veterinary pathologists are focusing on improving laboratory efficiency and access to clinical specialists through the use of digital pathology systems.
Shortage of pathologists in developing countries and an increasing need for quality and fast diagnosis have enhanced the utilization of teleconsultation applications across the globe and are driving the growth of the teleconsultation segment.
PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=844
Teleconsultation
Teleconsultation involves the electronic transmission of digital pathology images for education, examination, diagnosis, or use in conferences. It enables the point-to-point transmission of live or near-live video images. Since its first proof-of-concept demonstration in 1968, this technology has witnessed growing use, globally. Telepathology systems help in early interventions and the accurate treatment of various infectious diseases. Through this approach, regions with a lower number of pathologists or rural locations can access specialist resources quickly, enabling improved patient care, regardless of lab location or size.
Disease Diagnosis
Disease diagnosis is one of the important applications of digital pathology, where advanced algorithms and analytical tools are used for the accurate diagnosis of diseases. This approach is instrumental in providing accurate diagnosis for chronic diseases such as cancer and deciding cancer treatment patterns. This technique is used to score (quantify) immuno-histochemical stains (for instance, useful as breast cancer biomarkers) required for complex cancer diagnosis. Considering the benefits of digital pathology in disease diagnosis, laboratories across the globe are adopting this technique for improving their workflow efficiency and providing a better diagnosis.
Drug Discovery
The use of digital pathology in drug discovery is a new approach developed to understand how diseases and infections are controlled at the molecular and physiological level and target specific entities based on this knowledge. Digital pathology provides an image-based environment for managing and interpreting the information generated from a digitized glass slide for use in drug discovery. Through this approach, image analysis can improve the discovery phase by providing metrics that cannot be achieved in any other way. In addition, this approach is transforming global pharmaceutical research by enabling data sharing to integrate dispersed pharma pathology labs across the globe. This, in turn, provides pathologists with instant access to relevant pathology data globally.
Know More: https://www.marketsandmarkets.com/Market-Reports/digital-pathology-market-844.html
