Digital pathology encompasses the sharing and management of digital imagery of microscope slides. This process is performed with the help of various computer technologies. While performing this process, various products are used such as Scanners, Software, Communication Systems, Storage Systems, and others. It is a sub-field of pathology which target data management based on information generated from digitized specimen slides. Digital pathology overcomes the draw backs of traditional pathology through digitalization, labs with increased organization, streamline processes, increase caseloads, and decreases turnaround time. Because of the increasing demand for artificial intelligence and machine learning, digital pathology is growing and has applications in diagnostic medicine, provides efficient and cheaper diagnoses, prognosis, and prediction of diseases.
Rising popularity of attacks such as credential stuffing attacks is expected to increase the digital pathology market. Also, increasing demand for effective digital pathology solutions to address the threats, and increasing demand for the cloud-based digital pathology services are the major driving factors for the growth of the digital pathology market. Furthermore, increasing penetration of internet in healthcare sector, is expected to increase exponentially in the coming years. Along with that, growing usage of smart devices in healthcare sector. All these factors create the market for digital pathology in up-coming years.
Companies researching in IT sector and developing various applications related to artificial intelligence may offer advanced services in digital pathology too. In addition, lack of high-levels security and concerns related to security for these software solutions along with, lack of technological awareness and high cost of the equipment hampers the digital pathology market. Some of the key players in the market include Danaher, Hamamatsu Photonics, Inc., Koninklijke Philips N.V., Leica Biosystems, 3DHISTECH Ltd., XIFIN, Huron Digital Pathology, ContextVision AB., Inspirata, Inc., Mikroscan Technologies, and others.
Trends and Future Outlook:
- Growing technological advancement in healthcare sector creates the demand for the digital pathology.
- In North America, government in the US and Canada fulfil the demand for rising quality diagnostics.
- Increasing implementation of digital pathology solution for enabling data security, protecting cyber-attacks on labs.