By 2020 , Digital Pathology Systems To Grow at a CAGR of 11.0%

A market study on the global digital pathology systems market, recently published by Transparency
Market Research (TMR), estimates this market to rise at a healthy CAGR of 11.0% over the period
from 2014 to 2020 and reach a value US$492.8 mn by the end of the forecast period. The research
report, titled “Digital Pathology Systems Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2014 - 2020,” states that the worldwide market for digital pathology systems
attained a value of US$229 mn in 2013.
Digital pathology is defined as an image-based information environment for the management, the
analysis, and the interpretation of the information achieved from a digital slide. This technology has
gained momentum in the global medical and healthcare industry, owing to the improvements it
brings in a number of application such as drug discoveries and their development, diagnostic tests,
and other academic and research application. Consequently, digital pathology systems are
witnessing rapid adoption in the medical and healthcare industry.
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The ability of digital pathology systems to effectively validate and identify novel drugs, to create
molecular therapies, and to categorize patients for treatment procedures is boosting their demand
remarkably across the world.
According to the report, the rising need for cancer detection, propelled by the increasing incidence
of cancer across the world, is the key factor fuelling the demand for digital pathology systems.
The research study has evaluated the global pathology systems market on the basis of technology
and application. Based on technology, the market was led by the virtual microscopy segment in
2013. Analysts have predicted that this segment will remain the leading segment over the forecast
period due to the rising digitization of microscopic slides and the increasing usage of virtual
microscopy in the diagnosis of diseases and in drug discoveries.
Based on application, the disease diagnosis segment dominated the global digital pathology systems
in 2013. The segment is projected to witness steady growth during the forecast period on account of
a favorable reimbursement scenario, notes the study.
The report also analyzes the global digital pathology systems market on the basis of its regional
spread. North America emerged as the largest regional digital pathology systems market in 2013.
The favorable reimbursement policies in the region have been boosting the North America digital
pathology systems market substantially over the past few years.
Asia Pacific, however, is likely to rise at the highest growth rate during the forecast period. The
growing awareness regarding healthcare, the rapid rise in the geriatric population, and the
increasing research activities for the development of novel drugs are expected to fuel the Asia
Pacific digital pathology systems market in the coming years, states the report.
Some of the key international producers of digital pathology systems mentioned in this report are
Digipath Inc., Leica Biosystems, GE Healthcare, Mikroscan Technologies Inc., Perkin Elmer Inc.,
Olympus Corp., Ventana Medical Systems, Inc., and Philips Healthcare.
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Digital pathology is an image based environment that involves managing, analyzing and interpreting digital information contained in a glass slide. Digital pathology is an emerging technology which offers substantial improvement in various applications such as drug discovery and development, diagnostic tests and academic and research purposes. Digital pathology is emerging at a rapid pace in the healthcare industry and is expected to overcome challenges in clinical practices, research and medical education.