Global Digital Pathology Market Was Valued at USD 612.3 Million in 2021, Rising Demand for Scanners

According to the Precision Business Insights, the global digital pathology market by Product Type (Scanners, Software Solution/Application, Communication System, and Storage System), By Application (Research & Academics, Clinical Research & Toxicology, and Clinical (diagnostic, telepathology, etc.)), and Usage (Human Pathology and Animal Pathology), End-User (Hospitals, Reference Labs & Pathologists, Pharmaceutical Companies/CROs, Academic & Research Institutes, and Others (vets, clinics, etc.)) and Geography - The global digital pathology market valued at USD 612.3 million in 2021, growing at a high CAGR of 12.7% from 2022 to 2028 owing to the adoption of digital pathology techniques in research as well as in clinical diagnostics. However, changing clinical workflows and implementing new technologies in the healthcare industry is complex, and historically, technologies that require such changes have failed to reach patients despite the countless benefits of adopting such technologies

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Scanners Dominate the Digital Pathology Market
The scanners segment accounted for 54.9% of the market and is expected to grow at a CAGR of 12.3% between 2022 and 2028. The large share of the scanners segment can be attributed to the high price of scanners, the increasing adoption of digital pathology solutions, increase in R&D activities in the pharmaceutical & medical device industry, rise in demand for diagnosis of diseases, and surge in adoption of digital pathology systems.

North America Leads Digital Pathology Market:
North America holds a market share of 42.8% in the digital pathology market in the forecast period, and it is projected to grow at a CAGR of 12.4% in the coming years. The rising prevalence of cancer, rising demand for quality diagnostics, the implementation of favourable reimbursement policies, and the implementation of favourable initiatives by governments in the United States and Canada are major factors driving the growth of the digital pathology market in North America.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global digital pathology market further reveals that the key players increasingly adopting strategies such as the launch of newer products, frequent product approvals, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In April 2021, OptraSCAN introduced OS-Ultra 320 high-speed scanners. The device is intended to scan cells/tissues of size 15x15 mm area at 40x magnification within 60 seconds. In May 2021, Leica Biosystems collaborated with the European Society for Digital and Integrative Pathology (ESDIP) to Support the pathology Labs to develop the laboratories according to new digital pathology devices.

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Key players' profiles in the report are 3DHISTECH Ltd, Danaher Corporation, Glencoe Software Inc., HAMAMATSU Photonics K.K, Indica Labs Inc., Koninklijke Philips N.V, Nikon Corporation, Perkinelmer Inc., Roche, VisoPharma A/S, and OptraSCAN.

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