The global digital pathology market size is expected to grow from $0.80 billion in 2021 to $0.88 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The global digital pathology market is expected to grow to $1.40 billion in 2026 at a CAGR of 12.3%.
What is the Global Digital Pathology Market?
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.
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What drives the Global Digital Pathology Market?
The increased prevalence of cancer contributed to the growth of the digital pathology market. Digital pathology allows patients to accelerate the diagnosis and treatment of cancer, and thus an increase in cancer cases is driving the growth of the market. According to the American cancer society, in 2019, there were approximately 140,690 cancer cases diagnosed and 103,250 cancer deaths among the 85 and older population in the United States. There is a rise in the number of cancer cases due to the growing elderly population globally coupled with unhealthy lifestyles. Increasing incidences of cancer increase the demand for digital pathology as it makes it easier to access the image faster, views all relevant information, and help diagnose faster.
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Global Digital Pathology Market Segments
The global digital pathology market is segmented:
By Product: Scanners, Software, Communication Systems, Storage Systems
By Type: Human Pathology, Veterinary Pathology
By End-User: Pharmaceutical and Biotechnology Companies, Hospitals and Reference Laboratories, Academic and Research Institutes
By Application: Drug Discovery, Disease Diagnosis, Teleconsultation, Training and Education
By Geography: The regions covered in the digital pathology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Digital Pathology Global Market Report 2022provides market size and growth forecasts for the global digital pathology market, global digital pathology market share, digital pathology market segments and geographies, digital pathology market competitive landscape including leading competitors’ revenues, profiles and market shares. The digital pathology market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Digital Pathology Industry Playersinclude 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, and Huron Digital Pathology Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
