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Increasing Need For Personalized Medicine Is Driving The Growth Of The Artificial Intelligence In Pathology Market.: A Key Catalyst Accelerating Global Artificial Intelligence In Pathology Market Growth in 2025
Artificial Intelligence In Pathology
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What Will the Artificial Intelligence In Pathology Industry Market Size Be by 2025?_x000D_
The market size for artificial intelligence in pathology has expanded quickly over the past few years. It is set to increase from $1.22 billion in 2024 to $1.38 billion in 2025, boasting a compound annual growth rate (CAGR) of 12.9%. Factors contributing to the growth in the historic period include a rise in disease prevalence, heightened funding efforts, a growing reliance on telemedicine, escalated government initiatives, and a surge in demand for pathology services._x000D_
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What's the Long-Term Growth Forecast for the Artificial Intelligence In Pathology Market Size Through 2029?_x000D_
The market for artificial intelligence in pathology is projected to experience significant expansion in the coming years. Estimates suggest a growth to $2.28 billion by 2029, with a compound annual growth rate (CAGR) of 13.3%. This anticipated escalation during the forecast period is largely due to the increased use of AI in clinical trials, improvements in healthcare infrastructure, cross-disciplinary cooperation, establishment of clear ethical norms, and development of predictive analytics based on AI. Noteworthy trends for the forecast period include the creation of AI-enabled diagnostic instruments, amalgamation with electronic health records, computer-aided diagnosis (CAD), AI-aided identification of biomarkers, and integration with genomic data._x000D_
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What Are the Key Growth Drivers Fueling the Artificial Intelligence In Pathology Market Expansion?_x000D_
The growing demand for individualized medical care is anticipated to significantly propel the artificial intelligence in pathology market's expansion. Personalized medicine involves customizing healthcare and medical treatments based on each patient's unique characteristics, necessities, and preferences. This surge in demand for personalized medicine arises from the need to customize treatments to a patient's individual genetic makeup, lifestyle considerations, and disease-specific traits, thereby enhancing effectiveness and minimizing unwanted effects. Artificial intelligence in pathology contributes to personalized medicine by facilitating a more precise and efficient evaluation of medical images and genetic information. This leads to more accurate diagnoses, improved identification of disease subclasses, and the development of treatment strategies that resonate with a person's unique biological makeup. For example, the Personalized Medicine Coalition, a professional membership organization based in the US, reported in February 2023, that 12 new personalized medicines were approved in 2022. This represented around 34% of all new therapies, marking a significant increase compared to previous years. Consequently, the escalating demand for personalized medical care is fueling the expansion of the artificial intelligence in pathology market._x000D_
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What Are the Key Trends Driving Artificial Intelligence In Pathology Market Growth?_x000D_
Renowned corporations in the AI in pathology sector are emphasizing the creation of sophisticated solutions like advanced cancer detection instruments to augment diagnostic precision, optimize workflow efficiency, and elevate patient results. AI is utilized in these cutting-edge cancer detection tools and leverages machine learning techniques and deep learning models to scrutinize medical imagery and pathology slides, thereby refining tumor detection and categorization accuracy. As a case in point, in March 2022, Paige.ai, an American digital pathology firm, introduced the Paige Lymph Node Module, aimed at aiding pathologists in pinpointing breast cancer metastases in lymph nodes. This module boasts unique features such as an over 98% sensitivity in discovering breast cancer metastases of all sizes, specifically small micrometastases, and it employs a proprietary TissueMap to underline dubious regions on lymph node slides, thereby augmenting pathologists' review efficacy and precision, while remarkably diminishing the duration required for analysis._x000D_
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How Is the Artificial Intelligence In Pathology Market Segmented?_x000D_
The artificial intelligence in pathologymarket covered in this report is segmented - _x000D_
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1) By Component: Software, Scanners_x000D_
2) By Neural Network: Generative Adversarial Networks, Convolutional Neural Networks, Conventional Neural Network, Recurrent Neural Networks, Other Neural Networks_x000D_
3) By Application: Drug Discovery, Disease Diagnosis And Prognosis, Clinical Workflow, Training And Education_x000D_
4) By End User: Pharmaceutical And Biotechnology Companies, Hospitals And Reference Laboratories, Academic And Research Institutes_x000D_
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Subsegments:_x000D_
1) By Software: Image Analysis Software, Diagnostic Workflow Software, Predictive Analytics Software_x000D_
2) By Scanners: Whole Slide Imaging Scanners, Digital Pathology Scanners, Multi-Spectral Imaging Scanners_x000D_
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Which Companies Are Leading the Charge in Artificial Intelligence In Pathology Market Innovation?_x000D_
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. _x000D_
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Which Regions Are Leading the Global Artificial Intelligence In Pathology Market in Revenue?_x000D_
Asia-Pacific was the largest region in the artificial intelligence in pathology market in 2024. 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._x000D_
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