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Whole Slide Imaging (WSI) Market 2023 Insights on Modern Trends till 2030
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The field of digital pathology is experiencing rapid advancements driven by developments in technology, software, and cloud storage solutions. The emergence of whole slide imaging (WSI) has revolutionized the use of digital imaging in pathology, enabling pathologists to acquire high-resolution digital images representing entire tissue sections from glass slides on a computer monitor.
The global WSI market is projected to reach USD 995 Mn by 2023, growing at a CAGR of 14.95% during 2018-2023.
The WSI market is segmented based on components, applications, and end-users. Based on components, the market is divided into hardware (slide scanners, communication devices, storage devices, and others) and software. Based on applications, the market is fragmented into diagnostics, education, and research purposes. Based on end-users, the market is segmented into pharmaceutical and biotechnology companies, academic and research institutes, and hospitals and reference laboratories.
The hardware segment is projected to occupy ~72% of the market by 2023, experiencing a CAGR of 14% through the forecast period of 2018-2023. The software segment is expected to witness a CAGR of 17% through the same period and account for the rest of the market by 2023. Rising demand for high-speed and high-resolution digital images in pathological laboratories, workflow efficiency, patient safety, and diagnostic accuracy are driving the demand for WSI systems.
The research segment held the largest market share of 73% in 2018, with high demand for WSI in drug discoveries and oncology research. The hospitals and reference laboratories segment is expected to witness the highest growth rate of 51% throughout the forecast period, driven by the FDA approval for the first WSI system for primary diagnosis (Philips IntelliSite Pathology Solution [PIPS]).
North America has the largest market share, accounting for approximately 44% of the global market in 2018. The approval from the FDA and support from the Digital Pathology Association (DPA) have boosted the adoption of WSI for various applications in North America.
The report covers prominent companies in the WSI market, including Ventana Medical Systems, Inc. (Roche), Leica Biosystems, Philips Healthcare, Inspirata (GE Healthcare), Olympus Corporation, Hamamatsu Photonics K.K., 3DHISTECH, Huron Digital Pathology Inc, Omnyx LLC, and Visiopharm A/S. It provides an in-depth analysis of the market opportunity, CAGR growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, and future forecasts for each region and/or country, including North America (U.S. & Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), and the Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).
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Scope of the Report:
The scope of this report encompasses a comprehensive analysis of the market growth expected to occur from 2023 to 2030. Through meticulous research, we have organized data pertaining to the evolving market structures that exert influence on industries, markets, technologies, and capabilities. Our report presents a thorough examination of relevant statistics, opportunities, challenges, drivers, restraints, limits, market size, share, and trends. By delivering valuable insights, we aim to provide a comprehensive understanding of the market landscape.
Here are the key highlights of the report:
• Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
• In-depth analysis of the competitive landscape, identifying key trends within the industry.
• Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER's five forces.
• Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
• Guidance provided for new market entrants, assisting them in navigating the industry landscape.
• Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
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• Chapter-wise Guidance: We offer chapter-wise guidance upon request, allowing you to navigate the report and delve into specific areas of interest.
• Updated Regional Analysis with Graphical Representation: Our report includes an updated regional analysis, presented in a graphical format to illustrate the size, share, and emerging trends within each region.
• List of Tables and Figures: It features an updated list of tables and figures that support the information presented in the report.
• Top Market Players: The report includes a comprehensive analysis of the leading market players, highlighting their business strategies, sales volume, and revenue analysis.
• Facts and Factors Research Methodology: Our research methodology is based on a rigorous approach, ensuring the accuracy and reliability of the information presented in the report.
Our most recent research report showcases the thriving expansion of the global Whole Slide Imaging (WSI) Market and offers in-depth insights into the projected market size, share, and revenue until 2030.
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