The Global Digital Pathology Market size was valued at USD 810.67 Million in 2022 and is anticipated to grow at a CAGR of 8.34% during the forecast period 2023-2032. The digital pathology is a medical process involving an image-based information setting enabled by computer technology that allows management of information generated through a digital slide.
Affordable cost of digital pathology products, simplicity of virtual transportation of slides, and high efficiency of digital pathology systems compared to all available alternatives are the factors expected to fuel the growth of the global digital pathology market during the forecast period. However, factors like unclear reimbursement policies, dearth of skilled personnel are some of the major restraints on digital pathology market growth.
Key Factors Impacting the Growth of Digital Pathology Market:
- Rapid access to prior cases
- Data Storage allows for long-term predictive analytics
- Reduced Errors
- Eliminates breakage
- Barcoding reduces risk of misidentification
The digital pathology market segmentation is based on product, application, end-users, and region.
Product Outlook:
Based on product, the global digital pathology market is bifurcated into scanners, software, and storage & communication systems. The scanners segment is expected to lead over the forecast period this is due to increasing adoption for academic research activities, demand for the enhanced resolution along with the advancements in magnification and scanning of slides at Z axis, which is offered by whole slide imaging.
Application Outlook:
Based on application, the global digital pathology market is divided into drug discovery and development and academic research and diagnosis. The academic research segment is expected to lead te growth of the global digital pathology market during the forecast period. This is due to the large number of applications of the digital pathology systems in various research procedures such as biomarker profiling and tumor morphological study.
End User Outlook:
Based on end user, the digital pathology market has been segmented into educational, hospital, and pharma & biotech companies. The hospital end use segment is expected to register highest growth rate during the forecast period. This is owing to the increasing adoption of these techniques.
Regional Outlook:
Based on the region, the global digital pathology market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. In terms of revenue, North America holds a leading place in the global digital pathology market. This dominance is related to the increasing prevalence of cancer, rising demand for quality diagnostics. Furthermore, the US is expected to drive the growth of North America region over the forecast period, this is due to introduction of favorable compensation policies, and the application of favorable initiatives by the government in the US.
The report analyzes factors affecting the digital pathology market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the digital pathology market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and the Rest of the world.
Competitive Landscape
Major companies are investing in research and development. Key market players are majorly investing in marketing and licensing to increase their respective markets shares. The key players in the market include Omynx LLC, 3DHistech, Inc., Definiens, Olympus Corporation, GE Healthcare, Leica Biosystems, Philips Healthcare, Ventana Medical Systems, Inc., Objective Pathology Services, Hamamatsu Photonics, Inc., LigoLAb LLC, and MicroSkan Technologies. among others.
This report also includes the profiles of key digital pathology market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new application launch, new application developments, and other latest industrial developments.
Years Covered in the Study:
Historic Year: 2019-2020
Base Year: 2021
Estimated Year: 2022
Forecast Year: 2032
Key Developments in Digital Pathology Market:
- In 2017, Leica Biosystems entered into a strategic partnership with Leeds Hospital to improve productivity and workflow.
- In 2018, a Dutch conglomerate, Royal Philips, acquired the Irish PathXL, one of the largest pathology, image-based analysis firms. This acquisition was conducted to integrated tools targeting applications in computational biology, workflow solutions, education, and image analytics.
What Does This Report Provide?
This report provides a detailed understanding of the global digital pathology market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.
Market Segmentation:
By Product
- Scanners
- Software
- Storage & Communication Systems
By Application
- Drug Discovery and Development
- Academic Research
- Diagnosis
By End User
- Educational
- Clinical
- Pharma & Biotech Companies
By Region:
- North America Digital Pathology Market
- By Country (US, Canada, Mexico)
- By Product
- By Application
- By End User
- Europe Digital Pathology Market
- By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Western Europe)
- By Product
- By Application
- By End User
- Asia Pacific Digital Pathology Market
- By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
- By Product
- By Application
- By End User
- Middle East & Africa Digital Pathology Market
- By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
- By Product
- By Application
- By End User
- South America Digital Pathology Market
- By Country (Brazil, Argentina, Colombia, Rest of South America)
- By Product
- By Application
- By End User
Reasons to Buy This Report:
- Market size estimation of the digital pathology market on a regional and global basis
- Unique research Usage for market size estimation and forecast
- Profiling of major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
- By Segment
- By Sub-segment
- By Region/Country
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