The "Digital Pathology Market Slide Scanners (Whole Slide Imaging), Analytics (Image Analysis Software), Delivery Modes (Web Based/Cloud Based) & Whole Slide Image Storage - Global Forecasts & Trends to 2018"analyzes and studies the major market drivers and restraints in geographies such as North America, Europe, Asia, and the Rest of the World (RoW).
This report broadly categorizes the global digital pathology market into different products and applications. Scanners accounted for the largest share of the digital pathology products market, followed by analytics. The analytics market is expected to grow at the highest CAGR of 12.4% from 2013 to 2018. The high growth can be attributed to the growing importance of image analysis software that is increasingly being used to understand cancer complexity and the drive for personalized medicine, among others.
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The global digital pathology market was valued at an estimated $250.2 million in 2013 and is expected to grow at a CAGR of 11.8%, to reach an estimated $437 million by 2018. The market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). The dominance of the North American market can be attributed to reasons such as the favorable reimbursement scenario in the U.S. and the use of digital pathology to improve the quality of cancer diagnosis in Canada. However, the Asian market is expected to experience the highest growth in the market. The high growth in the Asian region can be attributed to the rise in awareness of digital pathology and its benefits, collaborative efforts by players, and federal health departments encouraging the uses to improve the quality of cancer diagnosis.
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Some of the prominent players in the global market include 3DHistech (Hungary), Leica Biosystems (Germany), Ventana Medical Systems (U.S.), Hamamatsu Photonics K.K. (Japan), Mikroscan Technologies (U.S.), Definiens AG (Germany), Visiopharm (Denmark), and Indica Labs (U.S.).
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