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Digital Pathology Market - Increase in Workload of Pathologists to Drive Global Market

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Digital pathology is defined as a dynamic and an image-based environment, which enables management, interpretation, and acquisition of pathology information from a slide to a computer screen. The pathologist observes the slide under a microscope and when the slide is digitalized with help of image analysis software, it can be shared over a distance for consulting, which is known as telepathology. This system is expected to streamline activities and workflow of diagnostic laboratories and pathologists during the forecast period. Digital pathology is considered as an emerging technology, which aids in improvisation of several applications such as diagnosis of the diseases, drug discovery, academics, and research.

The global digital pathology market is projected to expand at a significant CAGR during the forecast period. Rise in number of installation of digital pathology systems, accuracy in pathological assessment, and high quality delivery of results are some factors that are expected to drive the market from 2018 to 2026. Furthermore, increase in prevalence of cancer, rise in workload of pathologists, and ever increasing clinical and preclinical trials are other important factors attributed to boost the global digital pathology market during the forecast period. However, the high cost of the systems, stringent regulatory requirements, and sampling error are some factors that are likely to restrain the global digital pathology market during the forecast period.

The global digital pathology market can be segmented based on product type, end-user, application, and region. In terms of product type, the market can be classified into image analysis software and scanners. The image analysis software segment held a major share of the market, in terms of revenue, in 2017. Technological advancements and rise in trend of automation are some factors that are expected to augment the segment during the forecast period.

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Based on end-user, the global digital pathology market can be categorized into diagnostic laboratories, academic & research centers, pharmaceutical companies, and others. The diagnostic laboratories segment held a prominent share of the market, in terms of revenue, in 2017, followed by the academic & research segment. Increase in workload of pathologist and larger patient base are likely to propel the diagnostic laboratories segment during the forecast period.

In terms of application, the global market can be segregated into diagnosis, consulting services, educational, and others. The diagnosis segment accounted for a major share of the market in 2017, in terms of revenue. Increase in prevalence of infectious diseases is an important factor driving the segment during the forecast period.

North America held a significant share of the global digital pathology market, in terms of revenue, in 2017, followed by Europe. Rise in acceptance of the digital pathology system in the region and shortage of pathologists in North America are key factors boosting the market in region. Developed countries such the U.K. and Germany exhibit higher awareness about digital pathology and their applications. This is expected to boost the market in the regions. The market in Asia Pacific is expanding at a rapid pace. The countries such as China, India and Japan have an immense potential for the growth of market due to high prevalence cancer, rising population and improving healthcare infrastructure in the region.

Key players in the global market are adopting strategies such as mergers and acquisitions, technological development, and geographic expansion in order to capture significant position. Major players operating in the global digital pathology market include Leica Biosystems Imaging, Inc, OLYMPUS CORPORATION, F. Hoffmann-La Roche Ltd, GE Healthcare, Mikroscan Technologies, Inc., Koninklijke Philips N.V., Sectra AB, and Inspirata

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posted Jun 18 by Goodwin Tyler

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The global Internet of Things (IoT) security market is likely to witness rapid growth over the forecast period, i.e. from 2017 to 2022. Growing need for securing the ubiquitous environment on the heels of rising number of ransomware attacks and demand for data-centric security systems are expected to boost the growth of this market. Moreover, the introduction of concepts such as Bring Your Own Device (BYOD) has helped boost the growth of this market.

The integration of IoT security solutions with firewalls and data loss prevention (DLP) decreases the overall cost of employing IoT security solutions. This is also estimated to generate demand for IoT security during the forecast years. Factors such as modern video management systems, biometrics information storage, and authentication processes are driving the adoption of various cloud-based services. This is also anticipated to have a positive impact on the market development over the coming years.

In addition, a lot of organizations across the globe, such as those from the healthcare and banking sector, have started shifting from traditional methods of confidential data storage to cloud technology. Thus, rising adoption of cloud technology has forced service providers to use those platforms that are secured against any unauthorized access. This is also likely to boost the demand for IoT security. These solutions offer overall security to networks and devices and as a result, there has been growing preference for IoT security solutions among end users. This is also predicted to fuel market demand.

On the other hand, the Internet of Things (IoT) security market may witness a slight hindrance in the overall growth on account of lack of knowledge about the benefits and availability of various IoT security solutions. However, soaring need for data security has resulted in the implementation of strict regulatory compliances by various government bodies across the globe. This is expected to boost the growth of the market over the next five years.

The global IoT security market is categorized on the basis of type, application or end user, and region. Based on type, the market is categorized into hardware, software, and services. Based on application, the market is categorized into industrial, commercial, and consumer.

Based on region, the Internet of Things (IoT) security market is divided into United States, Europe, China, Japan, India, and Southeast Asia. North America dominated the global IoT security market in the past due to enforcement of regulatory frameworks and high usage rate of IoT devices across the region. Southeast Asia Internet of Things (IoT) security market is expected to expand at a healthy growth rate as a result of unregulated use of the Internet, rapidly growing number of business firms, and increasing mobile workforce. Rapid social transformation, constantly developing economy, and new national security rules and policies in various developing countries such as India and Japan are also estimated to contribute toward the growth of this region.

Some of the key companies operating in this highly competitive Internet of Things (IoT) security market are Infineon Technologies AG; Cisco Systems, Inc.; Wurldtech Security Technologies; International Business Machines (IBM) Corp.; Gemalto N.V.; Fortinet, Inc.; and Cypress Semiconductor Corp. ForeScout Technologies, Inc. announced that its flagship solution, ForeScout CounterACT, has been recognized as a revolutionary IoT security solution by IoT Innovator and CRN, both major publications. The company also received an award in the category of Best IoT Security Software. 

Ger more info on internet of things security market here @  https://www.radiantinsights.com/research/global-internet-of-things-security-market-size-status-and-forecast-2022

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