- Software solution/application
- Communication Systems
- Storage Systems
The digital pathology market size is valued at USD 612.3 million in 2021, and it is predicted to increase at a CAGR of 12.7 percent from 2022 to 2028, reaching USD 1,03.5 million by 2028. Digital pathology is the practice of examining high-resolution digitally scanned histology images, which may subsequently be used with computer tools and algorithms. It is an image-based platform that allows pathology information to be acquired, managed, and interpreted from a digitized glass slide. Primary diagnosis, diagnostic consultation, intraoperative diagnosis, medical student and resident teaching, manual and semi-quantitative immunohistochemistry (IHC) evaluation, clinical research, diagnostic decision assistance, peer review, and tumor boards are all examples of healthcare uses. After the FDA authorized the first entire slide scanner for use in primary diagnosis in April 2017, the digital pathology market began to gather traction. Many pathology labs in the U.S. and Europe are switching from glass-based reviews using a microscope, to a computer-based workflow for reviewing digital images. Scanners had a market worth of USD 387.5 million in 2021, and it is expected to expand at a substantial CAGR between 2022 and 2028. The large share of the scanners segment can be attributed to the high price of scanners, the increasing adoption of digital pathology solutions, increase in R&D activities in the pharmaceutical & medical device industry, rise in demand for diagnosis of diseases, and surge in adoption of digital pathology systems. By Type segment, human pathology holds the market revenue share of 37.8% and it is estimated to grow with a significant CAGR from 2022 to 2028.
Fastest Growing Market
The rise in cancer prevalence, as well as the demand for accurate diagnostics, the rise in the geriatric population, and rapid technological advancements, are driving growth in the global digital pathology market. Moreover, the entry of established MedTech players into the digital pathology market is seen as a validation of the concept that the technology can transform the fact of pathology. However, the high cost of digital pathology systems is hampering the market growth. The cost of digital pathology hardware, such as scanners, is a significant obstacle to market growth. The introduction of low-cost scanners will encourage their adoption among pathologists with low or limited budgets.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.