Rising incidence of cancer and growing applications of digital pathology in drug development and companion diagnostics is driving digital pathology market revenue growth.
Market Size – USD 736.0 Million in 2021, Market Growth – at a CAGR of 13.2%, Market Trends: Advancements in technology
The global digital pathology market size is expected to reach USD 2,234.9 Million in 2030 and register a revenue CAGR of 13.2% over the forecast period, according to the latest report by Reports and Data. Increasing adoption of digital pathology to enhance lab efficiency is driving digital pathology market revenue growth.
Interpretation of pathology information generated from a digitized glass slide is known as digital pathology. Virtual microscopy is a part of digital pathology which enables practice of converting glass slides into digital slides that can be viewed, managed, shared, and analyzed on a computer monitor. Digital pathology is presently considered as one of the most promising areas of diagnostic medicine in order to achieve an accurate, feasible, and faster diagnosis, prognosis, and prediction of cancer and other diseases. Market drivers for digital pathology market are growing applications of digital pathology, ease of consultation, increasing implementation of digital pathology to boost lab efficiency, rising incidence of cancer, and increased investment in research and development by key companies toward developing new pathological technologies.
Market growth is also expected to be aided by rapid technological advancements in digital pathology systems. Digital photography, computerization, robotic light microscopy, and numerous fiber optic connectivity are all helping to drive the industry forward. Whole slide imaging(WSI) is one such approach that has a number of advantages over traditional light microscopes and is predicted to generate profitable chances in this market. The use of Artificial Intelligence (AI) in healthcare is increasing, with growing emphasis on enhancing patient care quality by incorporating AI into many elements of health care, such as pathological diagnosis.
Companies profiled in the global market report include Leica Biosystems Nussloch GmbH, Hamamatsu Photonics K.K, F. Hoffmann-La Roche Ltd, 3DHISTECH Ltd, Apollo Enterprise Imaging Corp, XIFIN, Inc., Huron Technologies International Inc, Visiopharm A/S, Aiforia Technologies, Akoya Biosciences, Inc.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1493
Some Key Highlights From the Report
On 12th August 2021, Sectra AB (Sweden) and University Medical Center (UMC) Utrecht (Netherlands) signed an agreement, under which UMC uses Sectra’s pathology module for effective multidisciplinary discussions among pathologists and radiologists. UMC Utrecht has always aspired to be at the forefront of pathology digitization in order to improve patient care. The Sectra solution’s ease of use, together with its vendor neutrality in terms of scanners, LIS, EMR, and AI applications, has assisted us in achieving demonstrable good results.
Software segment revenue is expected to register a steady growth rate during the forecast period. Multiple pathologists can see and annotate the same image at the same time in a digital slide conference, or view and align multiple slides on a computer screen at the same time. Pathologists can use web-based secure gateways to access remote slides which are expected to drive revenue growth of the segment.
Veterinary pathology segment revenue is expected to register a steady growth rate during the forecast period. The field of digital pathology has the potential to revolutionize research, education, and diagnoses. In research, automated image analysis allows the veterinary pathologist to produce quantitative data on a bigger scale and at a faster rate, rather than descriptive data driving the segment revenue growth.
Disease diagnosis segment revenue is expected to register a steady growth rate during the forecast period. Digital image analysis in pathology can quickly and accurately identify and quantify specific cell types, as well as quantitatively evaluate histological features, morphological patterns, and biologically relevant regions of interest (e.g., tumoral or peritumoral areas, relationships between different immune cell populations, areas of expression, metastasis presence) which is expected to drive revenue growth of the segment during the forecast period.
Academic & research institutes segment revenue is expected to register a steady growth rate during the forecast period. Digital pathology comes with many benefits such as cloud-based digital pathology, accurate measurements, and gives fast research results, which is driving its demand in academic and research institutes.
Digital Pathology Market in Asia Pacific is expected to register a fast growth rate during the forecast period as a consequence of rising frequency of chronic diseases and increased traffic accidents. Surge in global population accompanied by increase in incidence of organ failures such as kidney and liver failure are also contributing to growth of the market. Furthermore, recent advancements in digital pathology technology in this region are driving market revenue growth.
For the purpose of this report, Reports and Data has segmented digital pathology market based on product, type, application, end-use, and region:
Product Outlook (Revenue, USD Billion; 2019–2030)
Type Outlook (Revenue, USD Billion; 2019–2030)
Application Outlook (Revenue, USD Billion; 2019–2030)
Training & Education
End-use Outlook (Revenue, USD Billion; 2019–2030)
Academic & Research Institutes
Hospitals & Reference Laboratories
Pharmaceutical & Biotechnology Companies
Regional Outlook (Revenue, USD Billion; 2019–2030)
Middle East & Africa
Key Advantages of Digital Pathology Report:
Identification and analysis of the market size and competition
Qualitative and quantitative analysis of the market data
Data validated by industry experts after extensive primary and secondary research
Extensive regional analysis of the Digital Pathology industry
Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
Feasibility analysis and investment analysis to enable strategic investment decisions
Analysis of opportunities, drivers, restraints, challenges, risks, and limitations
Browse More Reports:
Frozen Food Market, By Product Type, By Distribution Channels, By End-use, and By Region Forecast to 2030
Cultured Meat Market Size, Share, Trends, By Source, By Application and By Region Forecast to 2030
Cleaning Robot Market Size, Share, Trends, By Type, By Product, By Application, and By Region Forecast to 2028
Company Name: Reports and Data
Contact Person: John Watson
Email: Send Email
Address:40 Wall St. 28th floor
City: New York City
State: NY 10005
Country: United States