Whole Slide Imaging Market Worth $1678.6 million by 2030: Players 3DHISTECH Ltd., Inspirata Inc.

As per the report published by The Brainy Insights, The global whole slide imaging market is expected to grow from USD 408.6 million in 2021 to USD 1678.6 million by 2030, at a CAGR of 17% during the forecast period 2022-2030. Asia Pacific region emerged as the largest market for the global whole slide imaging market, with a 38% share of the market revenue in 2021. The Asia Pacific region currently dominates the whole slide imaging market due to the rising incidences of cancer in the region as several countries hold a large population base. Apart from this, the significant increase in drug discovery activities in the region is also propelling the market growth in the region.

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Global Whole Slide Imaging Market Size By Product Type (Software, Scanners, Image management system, Viewers, and Service), By Application (Telepathology, Hematopathology, Cytopathology, Cancer, Immunohistochemistry, and Cardiology), By End-User (Academic and Research Institutes, Biotechnology and Pharmaceutical Companies, and Hospitals and Clinics), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2022 to 2030

Leading companies in the industry include 3DHISTECH Ltd., Inspirata, Inc., Olympus, Nikon, Danaher (Leica Biosystems), Visiopharm AS., Akoya Biosciences, Inc., Koninklijke Philips N.V., Indica Labs, and Mikroscan Technologies, Inc among others which are offering more significant opportunities and are continuously focused on new product developments and venture capital investments to obtain market share.

The product type segment comprises software, scanners, image management system, viewers, and services. The scanners segment dominated the market, with a market share of around 22% in 2021. Scanners are highly used in disease diagnosis as they provide detailed information regarding the disease, which can be easily used to cure the patient. The application segment is divided into telepathology, hematopathology, cytopathology, cancer, immunohistochemistry, and cardiology. Over the forecast period, the cancer segment is expected to grow at the fastest CAGR of 23%. There has been a rise in cancer patients due to increasing pollution and changing lifestyles complemented by poor diet. This is driving the market for whole slide imaging in cancer applications. The end-user segment comprises academic and research institutes, biotechnology and pharmaceutical companies, and hospitals and clinics. In 2021, the biotechnology and pharmaceutical companies segment accounted for the largest share of the market, with 43% and market revenue of 175.6 million. Biotechnology and pharmaceutical companies use whole slide imaging to get digital images of the disease condition, which helps develop personalized medicines for diseases like cancer and chronic diseases. This is driving the market for whole slide imaging in the segment.

The whole slide imaging devices are increasingly being used for creating personalized medicines for diseases like cancer with the help of digital technology. But the high procurement cost of the whole slide imaging and high maintenance cost is hampering the market growth.

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