As the world is moving rapidly toward advancements & digitalization, having medical facilities at such ease is facilitating the needs of patients throughout the world.
We know that the governments of different countries worldwide are increasingly investing in the healthcare sector to accommodate & address health issues of the massive patient pool globally.
It is where the healthcare sector, in hand with digitalization, is bringing digital pathology to people and shaping the interface of modern-day pathology.
To put it in simple words, digital pathology increases lab productivity by lowering costs, speeding up turnaround times, and giving users access to subject-matter experts.
Since patients & doctors depend heavily on lab results to make diagnoses, lab efficiency plays a prominent role in bringing convenience to diagnostic tests. Alongside the web services, pathologists no longer have to pay for shipping or travel time to access digital slides.
Hence, Digital Pathology is swiftly gaining momentum globally and bringing more convenience to the healthcare industry.
Perhaps it is one of the many reasons why a recent research report published by MarkNtel Advisors reveals that the Global Digital Pathology Market is set to register a CAGR of around 14% during 2022-27. Let us read the blog further to learn more about the utilization & popularity of digital pathology and its potential in the future.
Significance of Digital Pathology in the Modern Era
Especially after the advent of Covid-19, when most healthcare industries focused on addressing the large patient pool infected with the coronavirus, the demand for digital pathology to virtual monitor patient health and prescribe medications rose dramatically high throughout the world.
Since the pathologists were able to evaluate diagnostic results for primary diagnosis remotely, the imposition of lockdowns & movement restrictions by the governments repelled the utilization & popularity of digital pathology and contributed to the substantial industry growth amidst the crisis.
Moreover, since digital pathology enables medical professionals to securely & promptly share critical information with pathologists via digital pathology from a distance, its demand is widening substantially throughout the world and critically stimulating the overall industry.
In fact, owing to such aspect, many leading players are actively participating and increasing their production & distribution capabilities to cater to the burgeoning needs globally.
Furthermore, the advent of cutting-edge technology like Machine Learning (ML) & Artificial Intelligence (AI) in the healthcare sector, including pathology, is assisting professionals to diagnose diseases more quickly & effectively.
In fact, such capabilities & erks of digital pathology hint board indicated that more pathologists would use digital pathology to provide remote pathological consultation and services to the customers.
A Way Ahead for the Digital Pathology Industry
The necessity for various preclinical & clinical investigations for the drug discovery & development process is escalating, demonstrating a rise in the research & development activities. Hence, the demand for digital pathology for quicker results is mounting rapidly & influencing the overall market growth.
Besides, various academic & research institutions, hospitals & reference laboratories, and pharmaceutical & biotechnology firms are also utilizing these technologies, where pharmaceutical & biotechnology firms were prominent users of digital pathology.
Therefore, it can be said that all the factors cited above in the blog hint toward a positive future for the digital pathology industry with the presence of lucrative opportunities for the companies participating in the industry, leading the market toward substantial growth in the coming years.