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Whole Slide Imaging Market Size and Growth Rate:
The global whole slide imaging market is anticipated to expand at a compound annual growth rate (CAGR) of 14.95%, leading to a revenue of USD 995 Mn by 2023.
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Whole Slide Imaging Market Overview:
The acquisition of pathology information generated form a glass slide is termed as whole slide imaging market. In medical sector, this imaging technique provides more safety for the patients as it allow greater transparency of pathology for the other physicians or clinicians. Individual images are arranged together in a single large slide image. The modern technology made simple for scanning and also completes the task in less than a projected time.
Whole Slide Imaging Market Growth Drivers and Restraints:
The major factor driving the demand of the market to the extent is growing incidences of chronic diseases across the world with the changes in the lifestyle and food habits. Additionally, growing support from the top most players is to fuel the growth of the market.Increasing prevalence for high speed digital in laboratories is gearing up the demand of this market.
However, lack of proper knowledge for physicians in monitoring the advanced versions of the systems due to less training programs is a challenging attribute for the market developers. Sudden changes in the economic strategies may also impact negatively on the growth of the market.
Growing prevalence for the emergence of latest technological advancements in most of the areas is merely to lavish growth opportunities for the market. Increasing research institutesin the biotechnology field is also greatly influencing growth of the market.
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Whole Slide Imaging Market Geographical Segmentation:
Geographically, the market is segmented into Asia Pacific, North America, Europe, Middle East and Africa. North America is witnessed to have highest shares of the market from the past decade by owing to implementation of innovative features for the systems with advanced technology. Europe is following North America in dominating the shares of the market. Rise in the concern towards the people health condition is primarily boosting up the growth of the market. Asia pacific is accounted to have highest CAGR and also deemed to have significant growth rate in the near future. The rise in the construction of hospitals with the support from government is prompting the demand of the market. Middle East and Africa is anticipated to have fastest growth rate in the near future.
Key Players of the Whole Slide Imaging Market:
Some of the players involved in the whole sliding imaging market are Ventana Medical Systems, Inc. (Roche), Leica Biosystems, Philips Healthcare, Inspirata (GE Healthcare), Olympus Corporation, Hamamatsu Photonics K.K., 3DHISTECH, Huron Digital Pathology Inc, Omnyx LLC and Visiopharm A/S.
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