Digital Pathology Market Valued at USD 2.5 BILLION IN 2023, Growing at a CAGR of 9.8% – Exclusive Report by MarkNtel Advisors
Market Insights & Analysis: Digital Pathology Market (2024-30)
Projected Growth: The Global Digital Pathology Market size was valued at around USD 2.5 billion in 2023 and is estimated to grow at a CAGR of about 9.8% during the forecast period 2024-30.
In-Depth Overview of the Digital Pathology Market
Utilizing both primary and secondary research methodologies, the Digital Pathology Market report offers an in-depth analysis valuable for stakeholders and investors seeking market insights. This report delves into market dynamics, providing a detailed examination of regional trends and developments.
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Global Digital Pathology Market Opportunity: Unlocking Growth Opportunities with the Integration of Artificial Intelligence in Digital Pathology
One of the significant inclinations in the global digital pathology industry is that key consumers are increasingly adopting digital tools based on Artificial Intelligence due to a greater need for workflow management. Major companies now place more emphasis on patenting innovative technology and offering personalized platform solutions to crucial stakeholders, thus gaining an edge over their competitors. Furthermore, manufacturers who specialize in developing machine learning and AI-powered systems will likely help boost demand for enhanced pathology solutions in the coming years, thereby promoting growth within this sector. For instance,
In December 2021, three digital pathology algorithms based on Artificial Intelligence (AI) were introduced by F. Hoffmann-La Roche Ltd. These Research Use Only (RUO) programs were specifically created to aid pathologists in the assessment of breast cancer markers, namely Ki-67, ER, and PR, through deep-learning image analysis techniques.
Moreover, several companies are striving to obtain regulatory approvals for medical devices integrated with AI to introduce them into the market and optimize pathology operations. For instance,
In September 2023, Medtech company Sigtuple received U.S. FDA approval for its blood smear application. This device is used in AI-assisted digital microscopy.
Digital Pathology Market Segmentation
By Solution
-Software-Based
-Service-Based
-Hardware-Based
–Digital Camera Scanner
–Communication System
–Storage System
–Others (Information Management Systems, robotic microscopes, other diagnostic devices, etc.)
- Hardware-based digital pathology solutions have experienced notable market growth and captured a remarkable market share, primarily propelled by the rising demand for digital cameras, scanners, and communication systems.
By Application
-Clinical Pathology
-Teleconsultation
-Molecular Diagnostics
-Basic & Applied Research
-Drug Development
-Others (Training & Education, etc.)
By Technology
-Whole Slide Imaging
-Image Analysis Software
-Storage, Communication Data
-Others
By Type
-Genetic Pathology
-Hematology and Clinical Pathology
-Immunopathology
-Chemical Pathology
-Forensic Pathology
-Microbiology
By End User
-Biotech & Pharma Companies
-Hospitals & Clinics
-Diagnostic Centers
-Others (Academic & Research Institutes)
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Leading Companies in the Digital Pathology Market
The report features major players including:
Philips, F. Hoffmann-LA Roche Ltd., Vital Signs Solutions Ltd., Sectra, Agilent Technologies Inc., Hamamatsu Photonics K.K., Nucleai, Medtech (Sigtuple), PreciseDx, Inspirata, Apollo Enterprise Imaging Corp., Aurora Interactive Ltd., Glencoe Software, Inc., Digipath Inc., Leica Biosystem Inc., Mikroscan Technologies Inc., Others
Regional Analysis
The report covers a comprehensive analysis of the Digital Pathology Market across various regions:
- North America: US, Canada, Mexico
- Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
- Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: The UAE, Saudi Arabia, Turkey, South Africa, Rest of Middle East & Africa
The research highlights development opportunities and challenges in these regions, encompassing sales growth, product pricing and analysis, growth potential, and strategic recommendations for addressing market challenges.
Essential Questions Addressed in the Digital Pathology Market Report
- Who are the major players in the Digital Pathology Market?
- Which region presents the most potential for the Digital Pathology Market?
- Which application area of the Digital Pathology Market is anticipated to grow significantly in the coming years?
- What opportunities exist for new market entrants?
- What is the projected market size for the Digital Pathology Market by the end of the forecast period?
- What are the growth prospects for the Digital Pathology Market?
- What is the base year considered in this market report?
- Which region holds the largest market share in the Digital Pathology Market?
- What factors are expected to drive the growth of the Digital Pathology Market?
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