Press release
Digital Pathology Market Worth $1.86 Billion by 2030
Digital Pathology Market
The Digital Pathology Market is projected to reach $1.86 billion by 2030, at a CAGR of 8.7% from 2023 to 2030. Digital pathology involves interpreting and managing pathology information generated from digitized glass slides. The use of digital pathology has been one of the mainstream options for routine diagnostics and drug development. The use of digital pathology has increased due to its wide benefits, including sharing video streams and digital images in real time. Additionally, with the use of machine learning (ML), the assessment of images can be done beyond traditional histopathology by linking AI with clinical data.
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Digital Pathology Market: Future Outlook
The digital pathology market is segmented by Offering (Hardware [Tissue Microarray, Scanners, Other Hardware], Software, Services), Application (Disease Diagnosis, Drug Discovery & Development, Education and Training, Teleconsultation), End User (Hospitals & Clinics, Diagnostic Laboratories, Research Institutes & Academics, Pharmaceutical & Biotechnology Companies), and Geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.
Based on offering, in 2023, the hardware segment is expected to account for the largest share of the digital pathology market. The large market share of this segment is attributed to the high burden of chronic diseases globally, the rising need for precise diagnosis and personalized care pathways, and the transformation of pathology into a digital discipline is increasing the demand for the associated hardware.
Based on application, the digital pathology market is segmented into disease diagnosis, drug discovery & development, education & training, and teleconsultation. In 2023, the disease diagnosis segment is expected to account for the largest share of the digital pathology market. The large market share of this segment is attributed to the rising geriatric population, the high prevalence of chronic diseases, and the increased adoption of teleconsulting due to the outbreak of the COVID-19 pandemic.
Based on end user, in 2023, the hospitals & clinics segment is expected to account for the largest share of the digital pathology market. The large market share of this segment is attributed to the large number of hospitals & clinics globally, the increased need for digital pathology due to the high demand for pathological tests coupled with the declining number of pathologists, and ongoing research in precision medicine.
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This research report analyzes major geographies and provides a comprehensive analysis of the digital pathology market in North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa.
Based on geography, in 2023, North America is expected to account for the largest share of the digital pathology market, followed by Europe and Asia-Pacific. Furthermore, in 2023, the U.S. is expected to be the largest shareholding market in North America. The market growth in the U.S. is driven by the digitization of pathology services, high investments in R&D, high adoption of advanced technologies, and the increased demand for reliable and faster diagnostics.
Key Players:
The key players operating in the digital pathology market are 3DHISTECH Ltd. (Hungary), Leica Microsystems (a subsidiary of Danaher Corporation) (Germany), Hamamatsu Photonics K.K. (Japan), Nikon Corporation (Japan), Visiopharm A/S (Denmark), Koninklijke Philips N.V. (Netherlands), F. Hoffmann-La Roche Ltd (Switzerland), Glencoe Software, Inc. (U.S.), XIFIN, Inc. (U.S.), and PerkinElmer Inc. (U.S.).
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Key questions answered in the report:
Which are the high-growth market segments in terms of offering, application, end user, and region/country?
What was the historical market for digital pathology across the globe?
What are the market forecasts and estimates for the period 2023-2030?
What are the major drivers, restraints, challenges, opportunities, and trends in the global digital pathology market?
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