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Digital Pathology Market Size - By Product(Scanners, Software, Storage Systems), by Type(Human Pathology, Veterinary Pathology), by Application(Drug Discovery, Disease Diagnosis, Training & Education, Teleconsultation), by End Users(Pharmaceutical & Biotechnology Companies, Hospitals and Reference Laboratories, Academic & Research Institutes) & Region - Forecasts 2024 - 2034

  • PUBLISHED ON
  • 2024-04-04
  • NO OF PAGES
  • 241
  • CATEGORY
  • Healthcare & Life Sciences

Market Overview

The Digital Pathology market is predicted to develop at a compound annual growth rate (CAGR) of 15.4% from 2024 to 2034, when it is projected to reach USD 5.80 Billion, based on an average growth pattern. The market is estimated to reach a value of USD 1.38 Billion in 2024.


 

SOURCE: We Market Research

Digital pathology is the digitization of traditional glass slides, which enables pathologists to view and analyse tissue samples remotely via high-resolution digital images. This technology improves workflow by making it simple to archive, retrieve, and share slides electronically. Pathologists may access slides from anywhere, allowing for telepathology discussions and collaboration. Furthermore, digital pathology improves education and training by allowing students and trainees to easily access a wide range of cases. It also allows for quantitative examination of tissue characteristics, offering further diagnostic information. Integration of other digital health technology, such as AI algorithms, improves diagnosis accuracy and efficiency. Overall, digital pathology transforms pathology practice by utilising digital tools to enhance accessibility, productivity, and diagnostic capabilities.

The market for digital pathology is driven by a few important aspects. Diagnostic accuracy is improved by technological developments in digital imaging, such as whole-slide imaging and image analysis algorithms. Adoption of digital pathology is encouraged by the demand for effective workflow solutions, which is fueled by the desire for quicker diagnosis and better teamwork. Growing rates of chronic illnesses, particularly cancer, highlight the need for accurate pathology services and encourage the use of digital solutions. The growth of telepathology, particularly in underprivileged areas, increases the need for digital pathology systems that facilitate remote consultations. Adoption is accelerated by the integration of AI and machine learning, which improves diagnostic precision. The modernization of healthcare and research are supported by government financing and efforts, which boost market expansion. Furthermore, the trend towards personalised medicine drives the need for sophisticated pathology solutions for in-depth tissue analysis and molecular profiling, which fuels the growth of the digital pathology market.

Market Scope

Report Attributes

Description

Market Size in 2024

USD 1.38 Billion

Market Forecast in 2034

USD 5.80 Billion

CAGR % 2024-2034

15.4%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2034

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Product, by Type, by Application, by End Users and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

 

Digital Pathology Industry: Dynamics & Restrains