Rising incidence of cancer and growing applications of digital pathology in drug development and companion diagnostics is driving digital pathology market revenue growth.
Market Size – USD 736.0 Million in 2021, Market Growth – at a CAGR of 13.2%, Market Trends: Advancements in technology
The global digital pathology market size is expected to reach USD 2,234.9 Million in 2030 and register a revenue CAGR of 13.2% over the forecast period, according to the latest report by Reports and Data. Increasing adoption of digital pathology to enhance lab efficiency is driving digital pathology market revenue growth.
Interpretation of pathology information generated from a digitized glass slide is known as digital pathology. Virtual microscopy is a part of digital pathology which enables practice of converting glass slides into digital slides that can be viewed, managed, shared, and analyzed on a computer monitor. Digital pathology is presently considered as one of the most promising areas of diagnostic medicine in order to achieve an accurate, feasible, and faster diagnosis, prognosis, and prediction of cancer and other diseases. Market drivers for digital pathology market are growing applications of digital pathology, ease of consultation, increasing implementation of digital pathology to boost lab efficiency, rising incidence of cancer, and increased investment in research and development by key companies toward developing new pathological technologies.
Market growth is also expected to be aided by rapid technological advancements in digital pathology systems. Digital photography, computerization, robotic light microscopy, and numerous fiber optic connectivity are all helping to drive the industry forward. Whole slide imaging(WSI) is one such approach that has a number of advantages over traditional light microscopes and is predicted to generate profitable chances in this market. The use of Artificial Intelligence (AI) in healthcare is increasing, with growing emphasis on enhancing patient care quality by incorporating AI into many elements of health care, such as pathological diagnosis.
Companies profiled in the global market report include Leica Biosystems Nussloch GmbH, Hamamatsu Photonics K.K, F. Hoffmann-La Roche Ltd, 3DHISTECH Ltd, Apollo Enterprise Imaging Corp, XIFIN, Inc., Huron Technologies International Inc, Visiopharm A/S, Aiforia Technologies, Akoya Biosciences, Inc.
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Some Key Highlights From the Report
For the purpose of this report, Reports and Data has segmented digital pathology market based on product, type, application, end-use, and region:
Product Outlook (Revenue, USD Billion; 2019–2030)
Type Outlook (Revenue, USD Billion; 2019–2030)
Application Outlook (Revenue, USD Billion; 2019–2030)
End-use Outlook (Revenue, USD Billion; 2019–2030)
Regional Outlook (Revenue, USD Billion; 2019–2030)
Key Advantages of Digital Pathology Report:
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