Medical Equipment

Global Digital Pathology Market Outlook, Opportunities And Strategies

November 18, 2021November 18, 2021 by The Business Research Company

Learn about the global digital pathology market through The Business Research Company, which provides information on digital pathology market size, digital pathology market drivers and restraints, digital pathology market players, the COVID-19 impact on the digital pathology market, and more.

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The global digital pathology market is expected to grow from $0.67 billion in 2020 to $0.72 billion in 2021 at a compound annual growth rate (CAGR) of 8.00%. The growth is mainly due to the growing demand for digital pathology due to COVID-19 impact, which had led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.16 billion in 2025 at a CAGR of 11.34%.

The increased prevalence of cancer is expected to drive innovation in digital pathology, thus driving the market during the forecast period.

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The digital pathology market consists of the sales of digital pathology equipment, platform solutions and related services by entities (organizations, sole traders, and partnerships) that develop clinical diagnostics, and workflow software and solutions. Digital pathology equipment converts glass slides into high-resolution digital images by utilizing slide scanner hardware, software, and services. These images can be viewed, managed, and analyzed on a computer or mobile screen. Digital pathology is expected to improve quality in the analysis, reduce errors, and provide a clearer and more convenient view, when compared to traditional pathology.

Global digital pathology market segments include:

By Product: Scanners, Software, Communication Systems, Storage Systems

By Type: Human Pathology, Veterinary Pathology

By End User: Pharmaceutical & Biotechnology Companies, Hospitals & Reference Laboratories, Academic & Research Institutes

By Application: Drug Discovery, Disease Diagnosis, Teleconsultation, Training & Education

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The launch of endoscopy systems with artificial intelligence (AI) is gaining popularity in the digital pathology market. Artificial intelligence-based systems have been advanced to anatomize endoscopic images. They identify neoplasms with high accuracy and low interobserver variation.

TBRC’s digital pathology market report covers:

Major Market Players: Leica Biosystems, Koninklijke Philips N.V., 3D-Histech Ltd., Apollo Enterprise Imaging, F. Hoffmann-La Roche Ltd, Visiopharm A/S, Hamamatsu Photonics K.K., Corista, Ventana Medical Systems, Inc., Huron Digital Pathology Inc., Indica Labs, Inc., and Olympus Corporation of the Americas, Objective Pathology Services, and XIFIN.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Digital Pathology Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides digital pathology market overviews, analyzes and forecasts market size, share, digital pathology market players, digital pathology market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s digital pathology market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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