Global Digital Pathology Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2023-2032 Report by We Market Research
The global Digital Pathology Market was worth USD 878.96 million in 2022 and is anticipated to amplify at a CAGR of 9.3% over 2023-2033, thereby accumulating USD 1,790.33 million by end of the analysis timeline.
Digital pathology generally refers to a dynamic, image-based environment that has enabled the acquisition, management, and also interpretation of pathology information which is generated from a digitalized glass slide. Digital pathology is mainly gaining momentum as an essential technology and have specific support for education, tissue based research, drug development, and also the practice of human pathology throughout the world. Digital pathology is important because it helps in reducing human error and producing precise diagnostic results in short period of time. Also, digital pathology helps in to speed up routine tasks.
Digital pathology technology is aiding a research pipeline in two ways. The first one is the specified file storage and viewing applications that can be used to arrange macroscopic images, tissue microarrays, and entire slide images. The second application of digital pathology in research is the development and implementation of image analysis techniques. Growth of the global digital pathology market is majorly driven by rising prevalence of cancer, also rising demand for accurate diagnostics, and development of new digital pathology system by a large number of key players. Also, the prevalence of chronic and cardiovascular diseases and the need for digital pathology system that is increasing has driven the growth of the digital pathology market.
One of the major driving factors of the global digital pathology market is the rise in generic and rapid technological advancements in digital pathology system. This factor has boosted Digital Pathology Market growth over the forecast duration. Also, the rise in number of cancer cases is another factor that is increasing Digital Pathology Market growth. The rise in chronic and cardiovascular diseases acts as another factor boosting Digital Pathology Market growth. The use of Artificial Intelligence (AI) has also proven to be more effective than previous techniques used in identifying and evaluating pathological characteristics. The implementation of AI has helped in accelerating and strengthening diagnosis and also in making the process of drug discovery more successful and cost-efficient. This has boosted the digital pathology market over the forecast year.
It is also seen that digital pathology has played an important role in companion diagnostics and drug development pipelines that includes molecular biology, bio banking, molecular tissue profiling, and tissue microarray analysis. The increase in demand for high-quality tissue samples in tissue-based biomarker research is projected to propel the adoption of Digital Pathology Market over the forecast period.
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Market Segmentation:
The global digital pathology market can be segmented on the basis of product type, application, end-user, and geography:
- Product Type:
- Whole Slide Imaging (WSI) Systems
- Image Analysis- Informatics
- Storage & Communication
- Digital Pathology Services
- Application:
- Teleconsultation
- Diagnosis
- Drug Discovery
- Training & Education
- End-User:
- Hospitals
- Diagnostic Centers
- Research Centers
- Pharmaceutical Companies
- Contract Research Organizations (CROs)
- Geography:
- North America (United States, Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain)
- Asia-Pacific (China, Japan, India, South Korea, Australia)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa
Key Player:
BiosystemsBiosystems, Leica Biosystems, Koninklijke Philips N.V., Hamamatsu Photonics, F. Hoffmann-La Roche Ltd., 3DHISTECH, Apollo Enterprise Imaging, XIFIN, Inc, Huron Digital Pathology, Visiopharm A/S, Aiforia Technologies Oy, Akoya Biosciences, Corista, Indica Labs, Objective Pathology Services, Sectra AB, OptraSCAN, Glencoe Software, KONFOONG BIOTECH INTERNATIONAL CO., LTD, Inspirata, Inc., PathAI, Proscia Inc., Kanteron Systems, Mikroscan Technologies,Motic, Paige and Others.
Regional Analysis:
The Global Digital Pathology Market is further segmented into five major countries- North America, Europe, Asia-pacific, Latin Americ and Middle East and Africa
North America has dominated the digital pathology market, worldwide. This is because of the rising number of various types of cancer cases, and also presence of key players, as well as development of the healthcare sector.
FAQs:
1. What are the major drivers which aid this Market?
2. What are the segments of this Market?
3. Which is the fastest growing region in this Market?
4. What are some major strategies used by top players for the expansion of their business in this Market?
Key Points:
Define, describe and forecast Potentiometers product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Reasons to Purchase this Report:
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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