Digital Pathology Market Growth Accelerates: Strategic Forecast Predicts $2.84 Billion by 2029

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How Large Will the Digital Pathology Market Size By 2025?
In recent times, an accelerated growth pattern has been observed in the digital pathology market. It is predicted to rise from $1.22 billion in 2024 and reach $1.43 billion in 2025, attaining a compound annual growth rate (CAGR) of 16.8%. This significant increase in the historical period can be credited to a multitude of factors including the fast growth in the geriatric population, increase in incidents of medical errors, a rise in the prevalence of cancer, influx of chronic disease cases, and an expansion in the number of healthcare establishments. Additionally, other contributing factors include amplified healthcare expenditure, reforms in public health insurance, and the outbreak of the COVID-19 pandemic.

How Big Is the Digital Pathology Market Size Expected to Grow by 2029?
The digital pathology market is projected to experience aggressive expansion in the coming years, with expectations to reach a market size of $2.84 billion in 2029 at a compound annual growth rate (CAGR) of 18.7%. This anticipated escalation during the forecast period can be ascribed to factors such as governmental backing, burgeoning use of digital apparatus, rising incidents of cancer and chronic illnesses, an older demographic, and the surfacing of infectious ailments. Key trends predicted for this forecast period comprise the utilization of artificial intelligence to bolster automation, an emphasis on adopting cloud-based technologies to standardize and streamline digital pathology operations, the adoption of digital imagery and video streaming tech, concentrated efforts on creating new technological solutions, partnership endeavors to broaden product range, and investment in research and development (R&D) initiatives.

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Which Key Market Drivers Powering Digital Pathology Market Expansion and Growth?
The digital pathology market is expanding due to the rising occurrence of cancer. As people age, the likelihood of cancer development rises due to cellular alterations and extended exposure to risk elements such as smoking, poor diet, insufficient physical activity, and high alcohol consumption, all of which significantly enhance cancer susceptibility. Faster cancer diagnosis and treatment are made possible using digital pathology, thus the surging cancer cases are fostering the growth of the market. For example, as reported by the American Cancer Society, a nonprofit cancer advocacy body in the US, there was an increase in cancer occurrences from 1,958,310 in 2023 to 2,001,140 in January 2024, indicating a 2.19% growth. As such, the escalating prevalence of cancer will stimulate the further development of the digital pathology market.

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Which Fast-Growing Trends Are Poised to Disrupt the Digital Pathology Market?
The increasing prominence of artificial intelligence (AI) in the digital pathology sector is a significant trend. AI is being employed by healthcare firms to enhance the automation of numerous operational processes. Moreover, AI algorithms are utilized for image classification to identify characteristics of diseases, such as cancer cells in humans and symptoms of crop diseases including leaf discoloration and decay. A case in point is Inform Diagnostics, a pathology lab based in the US, which in January 2022 unveiled the Paige FullFocus digital pathology viewer in its labs. The adoption of this innovative technology enables pathologists at Inform Diagnostics to utilize AI tools, streamline workflows and speed up the delivery of results.

What Are the Emerging Segments in the Digital Pathology Market?
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 Application: Drug Discovery, Disease Diagnosis, Teleconsultation, Training And Education
4) By End-User: Pharmaceutical And Biotechnology Companies, Hospitals And Reference Laboratories, Academic And Research Institutes

Subsegments:
1) By Scanners: Whole Slide Scanners, Tissue Microarray Scanners, Digital Imaging Systems
2) By Software: Image Analysis Software, Workflow Management Software, Diagnostic Software
3) By Storage And Communication Systems: Data Storage Solutions, Cloud-Based Platforms, Network And Communication Systems

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Who Are the Global Leaders in the Digital Pathology Market?
Major companies operating in the digital pathology market include 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, Ventana Medical Systems, Huron Digital Pathology, Synevo, Paige.ai, Morphle, Akoya, Aperio Digital Pathology, Smart in Media, MaRS, Perkin Elmer, Definiens AG, Digipath, CAE, Medical-X, C3? Holter Monitor, BIOEGYPT, Pulse

Which are the Top Profitable Regional Markets for the Digital Pathology Industry?
North America was the largest region in the digital pathology market in 2024. Asia-Pacific was the second-largest region in the digital pathology market. The regions covered in the digital pathology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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