global Digital Pathology market

1
The Global Digital Pathology market is
anticipated to grow at a CAGR of 12.6 during the
forecast period 2020- 2026
2
The Global Digital Pathology Market reached USD
0.52 Billion in 2019 and projected to witness
market size of USD 1.06 Billion by 2026 with a
significant CAGR of 12.6 during the forecast
period 2020-2026. Rising demand for digital
pathology in disease diagnosis, easy
consultation, and the digitalization trend in the
medical industry boost the growth of the digital
pathology market. The growing use of
telepathology, especially in developing economies
are expected to generate new opportunities in the
market. Technological advancements such as
computerization, digital imaging, multiple
fiberoptic communications, and robotic light
microscopy are some of the major factors leading
to the adoption of digital pathology. Moreover,
the introduction of cloud-based technology
allowing the storage of digital slides along with
secure access to pathologists anticipated to
serve as a prospective growth driver for the
market. The increasing government attention to
implement advanced systems for improved
efficiency and quick response is a contributing
factor. Combined with these factors, the
expanding patient pool, delays in radiography
diagnostics owing to high waiting time are
expected to provide a favorable environment for
the adoption of digital pathology systems over
the forecast period.
3
Artificial Intelligence with digital pathology
stimulate the market with significant growth
during the forecast period Digital pathology
systems are gaining popularity among pathologists
owing to its operational efficiency and
increasing need for integrated healthcare
facilities. A combination of Artificial
Intelligence (AI) technologies with digital
pathology is a potential growth factor. Investors
are ready to capitalize hugely in start-ups
attempting to adopt artificial intelligence.
Technology experts claim that machine learning
and other sophisticated technologies can assist
pathologists, making them more detailed in their
analysis.  Digital pathology market trends such
as the integration of AI into digital pathology
systems is expected to influence market growth.
The adoption of AI in digital pathology offers
efficient image recognition and automated
diagnostic capabilities. Vendors are emphasizing
on developing AI-powered software platforms to
extend applications in digital pathology
workflows such as automation in result
interpretations, image analytics, and decision
making. Automated applications will assist to
overcome the challenges associated with the lack
of trained professionals. To fulfill this growing
demand, vendors are concentrating on the
continuous development of AI platforms and
applications by strategic initiatives.Read
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