Press Release-Digital Pathology Market to Reach Valuation of USD 1516.1 Million by 2028 - The increasing incidences of cancer, and increasing applications of Digital Pathology are Driving the Market Growth
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Digital Pathology Market to Reach Valuation of USD 1516.1 Million by 2028 - The increasing incidences of cancer, and increasing applications of Digital Pathology are Driving the Market Growth
In terms of revenue, the Global Digital Pathology Market is probable to reach USD 1516.1 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 12.9% from 2022 to 2028.
The Digital Pathology Market is witnessing growth due to the factors such as growth in the adoption of Digital Pathology Market to increase lab efficiency, and increasing applications of Digital Pathology Market in companion diagnostics and drug development. Moreover, the increasing geriatric population and the rapid advancement in technologies in the Digital Pathology Market systems are the other major factors expected to fuel the growth of the Digital Pathology Market in the coming years.
Key Highlights from the Report
Market Dynamics:
The increasing geriatric population and the rapid advancement in technologies in the Digital Pathology Market systems are the other major factors expected to fuel the growth of the Digital Pathology Market in the coming years. Furthermore, the essential source for the development of advanced diagnostic solutions is the rise prevalence of cardiovascular disorders, and thus the need for Digital Pathology Market systems increased and is driving the growth of the Digital Pathology Market during the forecast period.
The advancement in technologies such as computerization, robotic light microscopy, and multiple fiber optic communications are important key factors projected to increase the adoption of Digital Pathology Market in the years to come. Additionally, the launch of cloud-based technology allows the storage of digital slides associated with protected access to pathologists which is predicted to contribute to the potential growth of the Digital Pathology Market in the coming years.
North America is the largest market. North America accounted for $732.10 million in 2021. North America is estimated to witness the highest growth during the forecast period. North America is witnessing growth due to the increasing occurrence of cancer, the launch of favorable reimbursement policies, increasing demand for quality diagnostics, and the increasing government initiatives by the government of Canada and the US are the important factors driving the growth of the Digital Pathology Market in North America in coming years.
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Digital Pathology Market to Reach Valuation of USD 1516.1 Million by 2028 - The increasing incidences of cancer, and increasing applications of Digital Pathology are Driving the Market Growth
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