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Digital Pathology Market Size USD 1516.1 Million by 2028

Provided By: Vantage Market Research

Digital Pathology Market Size USD 1516.1 Million by 2028

Provided By: Vantage Market Research

The Global Digital Pathology Market valued at USD 732.1 Million in 2021 and is projected to reach a value of USD 1516.1 Million by 2028 at a CAGR of 12.9% over the forecast period.

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Overview

Digital Pathology Market Global Industry Assessment & Forecast


Segments Covered

DescriptionValue
By ProductScanners, Software, Storage Systems
By TypeHuman Pathology, Veterinary Pathology
By ApplicationDrug Discovery, Disease Diagnosis, Training & Education
By End UserPharmaceutical & Biotechnology Companies, Hospitals and Reference Laboratories , Academic & Research Institutes
By RegionNorth America, Asia Pacific, Europe, Latin America, Middle East & Africa

Market Snapshot

DescriptionValue
Forecast Years:2022 - 2028
Historical Years:2016 - 2021
Revenue 2021:USD 732.1 Million
Revenue 2028:USD 1516.1 Million
Revenue CAGR (2022 - 2028):12.9%
Fastest Growing Region (2022 - 2028)Asia Pacific
Largest Region (2021):North America

According to Vantage Market Research, the Global Digital Pathology Market  was valued at USD 732.1 Million in 2021 and is projected to attain a value of USD 1516.1 Million by 2028. The global digital pathology industry is anticipated to increase by exhibiting a Compound Annual Growth Rate (CAGR) of 12.9% over the forecast period 2022 to 2028.

This digital pathology market report provides in-depth details of the import-export analysis, trade regulations, value chain optimization, new recent developments, production analysis, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, application niches, and dominance, product approvals, product launches, geographic expansions, category market growths, technological innovations in the digital pathology market.

To gain more info on the digital pathology market contact Vantage Market Research for an analyst brief, our team will help you take a well-informed market decision to achieve market growth.

What’s Next for Digital Pathology Industry?

Advances in specific technologies such as digital imaging, computerization, multiple fiber-optic communication, and robotic light microscopy are likely to drive the digital pathology market growth. One particular technology that has become a particular focus is digital microarrays.

As the use of digital pathology  has increase, so has the library of data. As such, a tool is needed to enable pathologists to extract actionable information from this huge dataset. Scientists have suggested that digital microarrays may be the solution. Recently, systems have been developed that allow the mining of digital archives of slides to generate (IMAs) image microarrays. These IMAs allow entire single digital slides to be converted into arrays of many high-resolution images, potentially thousands, with each image in the array providing the required diagnostic format.

In the near future, we will also see a rise in the integration of (AI) artificial intelligence  into digital pathology. In fact, according vantage market research most current research is focused on developing AI to improve the software used in digital pathology industry.

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Studies have proven that AI is more effective in identifying and analyzing pathological features in samples than previous methods. This is helping to improve and speed up diagnosis, as well as making the drug development process more cost-effective and efficient.

List of Leading Players in Digital Pathology Market

  • Leica Biosystems (US)
  • Koninklijke Philips N.V. (Netherlands)
  • F. Hoffmann-La Roche Ltd. (Switzerland)
  • 3DHISTECH (Hungary)
  • Hamamatsu Photonics (Japan)
  • Apollo Enterprise Imaging (US)
  • XIFIN Inc. (US)
  • Indica Labs (US)
  • Objective Pathology Services (Canada)
  • Aiforia Technologies Oy (Finland)
  • Akoya Biosciences (US)
  • Huron Digital Pathology (Canada)
  • Visiopharm A/S (Denmark)
  • Corista (US)
  • Sectra AB (Sweden)
  • Konfoong biotech international co. ltd. (China)
  • Inspirata Inc. (US)
  • OptraSCAN (US)
  • Glencoe Software (US)
  • PathAI (US)
  • Proscia Inc. (US)
  • Mikroscan Technologies (US)
  • Kanteron Systems (Spain)
  • Paige (US)
  • Motic (US)

Digital Pathology Market Driving Factors

The increasing technological advancements in digital pathology systems are likely to drive market growth. Computerization, digital imaging, multiple fiber optic communications, and robotic light microscopy are all contributing to the expansion. Whole slide imaging is a technology that has many advantages over conventional light microscopes and is expected to fuel the digital pathology market.

The use of AI in healthcare  is increasing with rising emphasis on improving the quality of patient care by incorporating artificial intelligence into various aspects of healthcare industry such as pathological diagnosis. As a result, (AI) artificial intelligence provides smoother primary care flow and automation, allowing doctors to focus on more urgent and critical patients. Moreover, AI solutions in the healthcare sectors are becoming more humanized.

Digital Pathology Market Challenges

High cost of digital pathology and low adoption rate in emerging and underdeveloped countries will hinder the growth rate of the digital pathology market. Augmenting digital pathology keeps the cost down by acting as a modular hardware platform with integrated digital pathology software applications.

Recent Development:

  • March 2022: F. Hoffmann-La Roche AG, a pharmaceutical company, collaborated with Bristol Myers Squibb, a pharmaceutical company, to support the development and deployment of two new digital pathology algorithms, including the development of two assays for use in clinical trials.

Digital Pathology Market Regional Analysis

The North American region dominated the global digital pathology market with a contribution of USD 280.9 million in the global digital pathology industry in 2021. Increasing incidence of chronic diseases such as cardio-diabetic disorders in the patient population and an aging population at high risk of developing such disorders is expected to increase the demand for pathology tests. Increasing load of tests and growing demand to streamline workload is expected to improve the adoption of digital tools among pathologists.

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About Us:

We, at Vantage Market Research , provide quantified B2B high-quality research on more than 20,000 emerging markets, in turn, helping our clients map out the constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end-to-end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans 70% of Global Fortune 500 companies. The company provides high-quality data and market research reports  . The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyze information.

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