Global Digital Pathology Market Overview 2033 : Forecasted Market Size And Growth Rate | Danaher Corporation, Hoffmann-La Roche Ltd, Koninklijke Philips N.V, Hamamatsu Photonics K.K

"The digital pathology market size has grown rapidly in recent years. It will grow from $1.07 billion in 2023 to $1.26 billion in 2024 at a compound annual growth rate (CAGR) of 17.6%. The growth in the historic period can be attributed to rapid growth in the elderly population, increase in medical errors, increase in cancer prevalence, increase in chronic diseases, growth in the number of healthcare facilities, increased healthcare expenditure, public health insurance reforms and the covid-19 pandemic.

The digital pathology market size is expected to see rapid growth in the next few years. It will grow to $2.41 billion in 2028 at a compound annual growth rate (CAGR) of 17.8%. The growth in the forecast period can be attributed to government support, increasing adoption of digital devices, increasing prevalence of cancer and chronic diseases, aging population and emergence of infectious diseases. Major trends in the forecast period include leveraging artificial intelligence to improve automation, focusing on cloud technology to standardize and simplify digital pathology deployments, adopting the digital imaging and video streaming technology, focusing on developing new technological solutions, focusing on partnerships to expand product portfolio and investing in research and development (r&d) activities.

Market Overview -
Digital pathology is the process of the use of digital imaging for pathology procedures. Digital pathology equipment converts glass slides into high-resolution digital images by utilizing slide scanner hardware, software, and services. These images can be viewed, managed, and analyzed on a computer or mobile screen.

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Digital Pathology Market Surges As Prevalence Of Cancer Drives Demand For Advanced Diagnostics
The increased prevalence of cancer contributed to the growth of the digital pathology market. Digital pathology allows patients to accelerate the diagnosis and treatment of cancer, and thus an increase in cancer cases is driving the growth of the market. according to the 2021 American Cancer Society report, 1.8 million new cases of cancer diagnosed were diagnosed in 2020. There is a rise in the number of cancer cases due to the growing elderly population globally coupled with unhealthy lifestyles. Increasing incidences of cancer increases the demand for digital pathology as it makes it easier to access the image faster, view all relevant information, and help diagnose faster.

Competitive Landscape -
Major companies operating in the digital pathology market report are Danaher Corporation, Hoffmann-La Roche Ltd, Koninklijke Philips N.V, Hamamatsu Photonics K.K, 3DHISTECH Ltd, Olympus Corporation, Nikon Corporation, Visiopharm A/S, Indica Labs Inc, Sectra AB, Grundium, Leica Biosystems, Apollo Enterprise Imaging Corp, Inspirata Inc, PathAI, Aiforia Technologies, Proscia, Ibex Medical Analytics, Better Doc, Biovotion, BrainControl, Coimbra Genomics, Dacadoo, Doctoralia, Emperra, Exovite, Genexyx, Giraff, Healthbank, NeurNation, Nutrino, Psious, Px Healthcare, SilverCloud, Systems Healthcare Solutions, TrialReach, XtremeVRI, Ventana Medical Systems, Huron Digital Pathology, Synevo, Gero AI, TeleMD, mediSensum, Apteki +, ECG for Everybody, Paige.ai, Morphle, Akoya, Aperio Digital Pathology, Smart in Media, MaRS, Perkin Elmer, Definiens AG, Digipath, Nuclei, Aspen Medical, Ensign Medical Coding, Al Talouk Medical Coding Training, WCM-Q, Response Plus Holding, Health-Tech Training, CAE, Medical-X, C3? Holter Monitor, BIOEGYPT, Pulse

Impeding Digital Pathology Market Growth In Regions Struggling With Healthcare Resources
The lack of trained pathologists acted as a restraint for the digital pathology market in the historic period. Pathologists are critical in performing laboratory tests essential for disease diagnosis as pathologists need to examine samples and interpret medical laboratory tests for patients to receive proper treatment. There is a dearth of pathologists in the Asia-Pacific region and countries in Africa. For instance, In February 2022, according to a forensic magazine report, 217 bodies were waiting to be examined by the state's forensic pathologists, and the figure might rise to 300 in less than two weeks. Moreover, more than 200 bodies were waiting for autopsies.

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Key Segments -
The digital pathology market covered in this report is segmented -
1) By Product: Scanners, Software, Storage And Communication Systems
2) By Type: Human Pathology, Veterinary Pathology
3) By End-User: Pharmaceutical And Biotechnology Companies, Hospitals And Reference Laboratories, Academic And Research Institutes
4) By Application: Drug Discovery, Disease Diagnosis, Teleconsultation, Training And Education

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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