Press release
Whole Slide Imaging Market is Is expected to expand at a CAGR of 12.5% over the forecast period 2021-2031 | Akoya Biosciences, Inc., Olympus, 3DHISTECH, Mikroscan Technologies
The whole slide imaging market was valued at USD 620.0 million in 2021 and it is anticipated to grow further till USD 2016.2 million by 2031, at a CAGR of 12.5% during the forecast period.To advance and strengthen digital pathology, whole slide imaging products are utilized to help with diagnosis and pathological test findings. Hospitals, pharmaceutical firms, biotech firms, pathology labs, and testing facilities can all make use of it.
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Market Trends and Drivers
The imaging system used a microscope and computer in conjunction to capture a composite slide image at the initial stage of medical imaging. The system's image acquisition process took quite a while. The idea of entire slide imaging was developed in the late 1990s to get around this restriction, and technology firms used automated algorithms and fast equipment to increase the pace of image acquisition. With this technological advancement, entire slide imaging's potential applications are expanded. The College of American Pathologists (CAP), the American Society for Clinical Pathology (ASCP), and the Association for Pathology Informatics (API) worked together to update the guideline validating whole slide imaging for diagnostic purposes in pathology in May 2021 as a result of the rapid advancements in clinical applications for whole slide imaging and digital pathology. The new criteria will guarantee that patients receive a pathologic diagnosis quickly and test results of the same caliber so they can start therapy more quickly. Therefore, the expansion of the entire slide imaging market is driven by greater technological advancement.
Market Restraints and Challenges
The global whole slide imaging market is anticipated to have slow expansion due to strict regulatory framework. For instance, entire slide imaging equipment are under the highest risk category and must follow the PMA (Premarket Approval) regulatory pathway, putting patients at the greatest danger. Scanners and software made for digital pathology are regarded as medical equipment in the US and are subject to FDA regulation. Drug Enforcement Agency (USFDA).
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Global Whole Slide Imaging Market Segmentation
By Type
• Hardware
• Software
• Services
By Application
• Telepathology
• Cytopathology
• Immunohistochemistry
• Hematopathology
Major Players in the Global Whole Slide Imaging Market
The key players studied in the report are Akoya Biosciences, Inc., Olympus, 3DHISTECH, Mikroscan Technologies, Indica Labs, Inspirata, Leica Biosystems, Visiopharm, Koninklijke Philips N.V., Hamamatsu Photonics K.K, and Nikon among others.
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• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
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• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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