Digital Pathology Market Current Scenario with Forecast to 2031

Digital Pathology Market

Digital Pathology Market to reach over USD 2731.95 million by the year 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Digital Pathology Market Size, Share & Trends Analysis Report By Product (Artificial Intelligence, Scanner, Software, Storage), Type (Human, Veterinary), Application (Teleconsultation, Training, Disease Diagnosis, Drug Discovery), End User (Pharma, Academia, Hospitals)- Market Outlook And Industry Analysis 2024-2031"

The global digital pathology market is estimated to reach over USD 2731.95 million by 2024-2031, exhibiting a CAGR of 12.91% during the forecast period.

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The main factors driving the market's expansion include:
• The rising incidence of cancer.
• The growing usage of digital pathology in internet and pharmaceutical research.
• The growing adoption of digital pathology as a means of enhancing lab productivity.

The increasing occurrence of cardiovascular illnesses is a crucial source for creating cutting-edge diagnostic methodologies. As a result, during the forecast period, the demand for digital pathology systems will develop and propel the market's expansion. Furthermore, it is anticipated that technological advances like computerization, robotic light microscopy, and various fibre optic links will contribute to the growing use of digital pathology. The advent of cost-effective scanners and small players' inclination to digitize the pathology process has driven the market's rise in recent years.

Furthermore, the introduction of cloud-based technology makes it possible to save digital slides linked to pathologists' secured access, which is anticipated to support the market's prospective expansion for digital pathology. Nevertheless, the use of these systems is expected to be constrained by their high cost and the difficulty of finding qualified workers to operate digital pathology equipment.

List of Prominent Players in the Digital Pathology Market:

• Biosystems (US)
• Koninklijke Philips N.V. (Netherlands)
• Hamamatsu Photonics (Japan)
• F. Hoffmann-La Roche Ltd. (Switzerland)
• 3DHISTECH (Hungary)
• Apollo Enterprise Imaging (US)
• XIFIN, Inc. (US)
• Huron Digital Pathology (Canada)
• Visiopharm A/S (Denmark)
• Aiforia Technologies Oy (Finland)
• Akoya Biosciences (US)
• Corista (US)
• Indica Labs (US)
• Objective Pathology Services (Canada)
• Sectra AB (Sweden)
• OptraSCAN (US)
• Glencoe Software (US)
• KONFOONG BIOTECH INTERNATIONAL CO., LTD. (China)
• Inspirata, Inc. (US)
• PathAI (US)
• Proscia Inc. (US)
• Kanteron Systems (Spain)
• Mikroscan Technologies (US)
• Motic (US)
• Paige (US)

Market Dynamics:
Drivers-
The success of digital pathology in research is driving the demand for these systems from the cancer research sector. This also attracts government investors to invest in digital pathology systems for clinical diagnostics applications. Technological advancements such as computerization, robotic light microscopy, and multiple fiber optic communications are important key factors projected to increase the adoption of {{keyword}} in the future.

Great-throughput technologies for drug discovery are also in high demand, which could help the device catch on. The adoption of pathological digitization may also increase demand for the services. These elements could fuel market expansion for digital pathology.

Challenges:

Inhibitors to market expansion over the forecast period include strict regulatory concerns for primary diagnosis and a lack of uniform norms for digital pathology. Inhibitors to market expansion over the forecast period include strict regulatory concerns for primary diagnosis and a lack of uniform norms for digital pathology. The deployment of these devices is anticipated to be constrained by their high cost and the difficulty of finding qualified individuals to operate digital pathology devices.

Regional Trends:
North America has a mature market for digital pathology products in the field of marketing during the forecast period. The growing prevalence of cancer, the expanding use of digital pathology in pharmaceutical research and online as part, and the ever-increasing acceptance of digital pathology to improve lab efficiency are the primary drivers of the market's growth. Besides, Europe had a substantial share of the digital pathology market. The need for digital pathology increased as customers' preferences for digital tools increased. Additionally, expanding the use of products with advanced technology is likely to support market expansion.

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Recent Developments:

• In March 2022-Ion Torrent Genexus Dx Integrated Sequencer, an automated next-generation sequencing (NGS) platform for use in clinical laboratories and to conduct diagnostic and clinical research, was introduced by Thermo Fisher Scientific, Inc. with the CE-IVD marking.

• In April 2022-A contract between the Catalan Health Institute and 3DHISTECH Ltd. was signed. This plan was implemented to introduce digital pathology tools across an eight-hospital network.

Segmentation of Digital Pathology Market-

By Product

• Scanners
o Brightfield
o Other Scanners
• Software
o Integrated Software
o Standalone Software
 Information Management Software
 Image Analysis Software
• Storage Systems

By Type

• Human Pathology
• Veterinary Pathology

By Application

• Drug Discovery
• Disease Diagnosis
• Training & Education

By End User

• Pharmaceutical & Biotechnology Companies
• Hospitals and Reference Laboratories
• Academic & Research Institutes

By Region-
North America-

• The US
• Canada
• Mexico

Europe-

• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-

• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-

• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-

• GCC Countries
• South Africa
• Rest of Middle East and Africa

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