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Pathology Informatics Market worth $2.29 billion by 2030, growing at a CAGR of 7.98% - Exclusive Report by 360iResearch
Pathology Informatics Market | 360iResearch
The Global Pathology Informatics Market to grow from USD 1.33 billion in 2023 to USD 2.29 billion by 2030, at a CAGR of 7.98%.
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Pathology informatics is a multidisciplinary field that focuses on the application of information technology to the collection, storage, analysis, and dissemination of pathology data. This includes the management of information related to patient care, research, and educational endeavors within the realm of pathology. It includes a range of topics, including laboratory information systems (LIS), digital imaging and analysis of pathology specimens, data mining and management, interoperability and standards, and telepathology, among others. The increasing prevalence of chronic diseases necessitates advanced diagnostic techniques such as pathology informatics. Moreover, the rising demand for efficient laboratory management systems to cope with the expanding volume of pathology data has created added scope for pathology informatics. Enhanced focus on personalized medicine and targeted therapies, requiring detailed pathological analysis, expand the applications for pathology informatics. However, high initial investment costs for digital pathology systems and related infrastructure, coupled with the scarcity of skilled professionals proficient in both pathology and informatics, challenge the growth of the market. Nevertheless, the development of AI and machine learning models for predictive analytics and improved diagnostic accuracy provides an opportunistic view for market growth. Integration of pathology informatics systems within broader healthcare IT ecosystems for holistic patient care created an expanded scope for the adoption of pathology informatics solutions.
The Americas region, particularly the United States and Canada, represents a significant market for Pathology Informatics, driven by well-established healthcare infrastructure, robust digitization initiatives, and a strong focus on research and development. The adoption of digital pathology systems, coupled with the infusion of AI & machine learning algorithms, has propelled the market forward. The market in the EMEA region shows variability due to diverse healthcare systems, regulatory environments, and levels of technology adoption. Western Europe leads in market maturity, with considerable growth in digital pathology, whereas the Middle East and Africa are emerging markets with potential due to increasing healthcare expenditure and digital transformation initiatives. The Asia Pacific region showcases rapid growth for Pathology Informatics due to its large population base, increasing incidence of chronic diseases, and rapidly evolving healthcare sector. Countries including China, Japan, and Australia are at the forefront of adopting digital pathology solutions to meet the growing demand for advanced diagnostic services.
Market Segmentation & Coverage:
This research report categorizes the Pathology Informatics Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product Type, market is studied across Digital Pathology Systems, Laboratory Information Management Systems, Laboratory Information Systems, Pathology Imaging Software, and Workflow Management Solutions. The Laboratory Information Management Systems is projected to witness significant market share during forecast period.
Based on Application, market is studied across Cancer Diagnosis & Treatment, Clinical Diagnostics, Disease Research, Drug Discovery & Development, and Telepathology. The Telepathology is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Diagnostic Laboratories, Hospitals and Clinics, and Research Institutes & Academic Centers. The Diagnostic Laboratories is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 40.92% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Pathology Informatics Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Pathology Informatics Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Pathology Informatics Market, highlighting leading vendors and their innovative profiles. These include 3DHISTECH Ltd., Abbott Laboratories, Agilent Technologies, Inc., Aiforia Technologies PLC, Capgemini SE, Clinisys, Inc., Corista LLC, Danaher Corporation, F. Hoffmann-La Roche AG, GE Healthcare, Huron Digital Pathology, Illumina, Inc., Indica Labs, Infosys Limited, International Business Machines Corporation, Koninklijke Philips N.V., Meteor Biotech., Olympus Corporation, OptraSCAN, Inc., Paige AI, Inc., PathAI, PerkinElmer Inc., Proscia Inc., Scitara Corporation, Siemens Healthineers, Thermo Fisher Scientific, Inc., and Xybion Digital Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Pathology Informatics Market, by Product Type
7. Pathology Informatics Market, by Application
8. Pathology Informatics Market, by End-User
9. Americas Pathology Informatics Market
10. Asia-Pacific Pathology Informatics Market
11. Europe, Middle East & Africa Pathology Informatics Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Pathology Informatics Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Pathology Informatics Market?
3. What is the competitive strategic window for opportunities in the Pathology Informatics Market?
4. What are the technology trends and regulatory frameworks in the Pathology Informatics Market?
5. What is the market share of the leading vendors in the Pathology Informatics Market?
6. What modes and strategic moves are considered suitable for entering the Pathology Informatics Market?
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