Press release
Digital Pathology Market Current Scenario with Future Aspect Analysis
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 2031"
The global digital pathology market is estimated to reach over USD 2,755.83 million by 2031, exhibiting a CAGR of 12.94%during the forecast period.
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The increasing prevalence of cancer, the growing adoption of digital pathology in pharmaceutical research, and the rising demand for enhanced laboratory efficiency are key factors driving the expansion of the digital pathology market. Additionally, the rising incidence of cardiovascular disorders has heightened the need for advanced diagnostic solutions, further accelerating the demand for digital pathology systems.
Technological advancements, including computerization, robotic light microscopy, and fiber optic communication, are expected to significantly enhance the adoption of digital pathology in the coming years. The availability of cost-effective scanners and the growing inclination of smaller market players toward digitalizing pathology workflows are also contributing to market growth. Furthermore, the introduction of cloud-based technologies enables secure storage and access to digital slides, allowing pathologists to efficiently analyze and manage data. This development is anticipated to support the long-term expansion of the digital pathology market. However, challenges such as the high cost of these systems and a shortage of skilled professionals capable of operating digital pathology technologies may hinder widespread adoption.
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 growing success of digital pathology in research is significantly driving demand within the cancer research sector. This trend is also attracting government investments in digital pathology systems for clinical diagnostic applications. Advancements in technology, including computerization, robotic light microscopy, and fiber optic communication, are expected to further accelerate the adoption of {{keyword}} in the coming years.
Additionally, the increasing demand for high-throughput technologies in drug discovery is expected to contribute to the widespread adoption of digital pathology systems.
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Challenges:
Several factors may restrain market expansion during the forecast period. Stringent regulatory requirements for primary diagnosis and the absence of standardized guidelines for digital pathology pose significant challenges. Furthermore, the high cost of digital pathology systems and the shortage of skilled professionals capable of operating these devices may limit widespread implementation.
Regional Trends:
North America is expected to maintain a strong presence in the digital pathology market due to its well-established infrastructure and increasing adoption of digital pathology solutions. Key growth drivers include the rising prevalence of cancer, the expanding role of digital pathology in pharmaceutical research, and its growing acceptance in enhancing laboratory efficiency.
Similarly, Europe holds a substantial share of the market, driven by the increasing preference for digital tools among healthcare providers. Additionally, the growing adoption of technologically advanced pathology solutions is expected to support further market expansion in the region.
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.
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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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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.JPG
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