AI in Pathology Market 2024: Innovations, Trends, and Growth Forecast

The artificial intelligence in pathology global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Artificial Intelligence In Pathology Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size -
The artificial intelligence in pathology market size has XX (HCAGR) in recent years. It will grow from $1.08 billion in 2023 to $1.22 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to increasing prevalence of disease, increasing funding initiatives, increasing use of telemedicine, increasing government initiatives, and increasing the demand for pathology services.

The artificial intelligence in pathology market size is expected to see XX (FCAGR) in the next few years. It will grow to $2.04 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to the growth of AI in clinical trials, expanding healthcare infrastructure, interdisciplinary collaborations, the development of clear ethical guidelines, and the development of AI-based predictive analytics. Major trends in the forecast period include development of AI-powered diagnostic tools, integration with electronic health records, computer-aided diagnosis (CAD), AI-driven biomarker discovery, and integration with genomic data.

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Scope Of Artificial Intelligence In Pathology Market
The Business Research Company's reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Artificial Intelligence In Pathology Market Overview

Market Drivers -
The increasing need for personalized medicine is expected to propel the growth of artificial intelligence in pathology market going forward. Personalized medicine refers to tailoring medical treatment and healthcare to the individual characteristics, needs, and preferences of each patient. The increasing need for personalized medicine is due to tailor treatments to individual genetic profiles, lifestyle factors, and specific disease characteristics, thereby improving efficacy and reducing adverse effects. Artificial intelligence (AI) in pathology helps personalized medicine by enabling more accurate and efficient analysis of medical images and genetic data, thus allowing for more precise diagnosis, better identification of disease subtypes, and tailored treatment plans that align with an individual's unique biological profile. For instance, in February 2023, according to a report published by the Personalized Medicine Coalition, a US-based professional membership organization, the approval of 12 new personalized medicines in 2022, accounting for around 34% of all new therapies, reflected a significant rise compared to previous years. Therefore, the increasing need for personalized medicine is driving the growth of artificial intelligence in pathology market.

Market Trends -
Major companies operating in the artificial intelligence in pathology market are focusing on developing advanced solutions, such as advanced cancer detection tools, to enhance diagnostic accuracy, streamline workflows, and improve patient outcomes. Advanced cancer detection tools using AI leverage machine learning algorithms and deep learning models to analyze medical images and pathology slides, enhancing the accuracy of tumor detection and classification. For instance, in March 2022, Paige.ai, a US-based digital pathology company, launched Paige Lymph Node Module to assist pathologists in detecting breast cancer metastases in lymph nodes. It offers unique features such as over 98% sensitivity in detecting breast cancer metastases of any size, including small micrometastases, and utilizes a proprietary TissueMap to highlight suspicious areas on lymph node slides, enhancing the efficiency and accuracy of pathologists' reviews while significantly reducing the time required for analysis.

The artificial intelligence in pathology market covered in this report is segmented -

1) By Component: Software, Scanners
2) By Neural Network: Generative Adversarial Networks, Convolutional Neural Networks, Conventional Neural Network, Recurrent Neural Networks, Other Neural Networks
3) By Application: Drug Discovery, Disease Diagnosis And Prognosis, Clinical Workflow, Training And Education
4) By End User: Pharmaceutical And Biotechnology Companies, Hospitals And Reference Laboratories, Academic And Research Institutes

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Regional Insights -
Asia-Pacific was the largest region in the artificial intelligence in pathology market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial intelligence in pathology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Key Companies -
Major companies operating in the artificial intelligence in pathology market are F. Hoffmann-La Roche Ltd., Koninklijke Philips N.V., Hamamatsu Photonics K.K., Leica Biosystems, Tempus Labs Inc., Spectra AB, Lunit Inc., Paige AI Inc., Inspirata Inc., Indica Labs Inc., Flagship Biosciences Inc., Proscia Inc., Aiforia Technologies Oy, Lumea Inc., Optrascan Inc., PathAI Inc., Visiopharm A/S, Ibex Medical Analytics Ltd., BioSymetrics Inc., Deep Bio Inc., Konfoong Biotech International Co Ltd., Mindpeak GmbH, Qritive Inc., Vuno Inc.

Table of Contents
1. Executive Summary
2. Artificial Intelligence In Pathology Market Report Structure
3. Artificial Intelligence In Pathology Market Trends And Strategies
4. Artificial Intelligence In Pathology Market - Macro Economic Scenario
5. Artificial Intelligence In Pathology Market Size And Growth
…..
27. Artificial Intelligence In Pathology Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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