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
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Digital Pathology Segmentation
Market- By Product Analysis
By Product, the Digital Pathology Market is Categories into Scanners, Software, Storage Systems. The Scanners segment accounts for the largest share of around 62% in 2024.
Scanners in the digital pathology market
are driven by their ability to provide high-resolution imaging, facilitating
precise diagnoses. They streamline workflow, enhance efficiency, and improve
diagnostic accuracy, meeting the growing demand for advanced diagnostic tools
in healthcare.
The
following segments are part of an in-depth analysis of the global Digital
Pathology market:
|
Market Segments |
|
|
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 |
Digital Pathology Industry: Regional Analysis
North America Market Forecast
North America dominate the Digital Pathology Market with the highest revenue generating market with share of more than 48%. The digital pathology market in North America is mainly driven by the presence of a well-established healthcare infrastructure, the growing adoption of digital pathology solutions by hospitals and diagnostic laboratories, and encouraging government initiatives. This is especially the case in the United States and Canada.
Europe Market Statistics
Europe is
witnessing significant growth in the digital pathology market due to factors
like increasing healthcare expenditure, a rapidly aging population leading to a
higher prevalence of chronic diseases, and advancements in healthcare IT
infrastructure. Moreover, favorable government policies and initiatives aimed at
promoting digitalization in healthcare are driving market growth in the region.
Asia Pacific Market Forecasts
Asia Pacific is
expected to be the fastest-growing regional segment of the Digital Pathology
market during the forecast period. The Asia-Pacific region, including countries
like China, Japan, India, and South Korea, is experiencing rapid growth in the
digital pathology market. Factors such as a large population base, rising
healthcare spending, increasing awareness about the benefits of digital pathology
solutions, and technological advancements are driving market growth in this
region.
Key Market Players
The Digital Pathology Market is dominated by a few
large companies, such as
·
Thermo Fisher Scientific Inc.
·
Hoffmann-La Roche Ltd.
·
Hamamatsu Photonics K.K.
·
3DHISTECH Ltd.
·
Koninklijke Philips N.V.
·
Apollo Enterprise Imaging Corp
· Sectra AB
· Others
1.
Global
Digital Pathology Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Digital Pathology Market
Scope and Market Estimation
1.2.1. Global Digital Pathology Overall
Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2034)
1.2.2. Global Digital Pathology Market
Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Product of Global Digital
Pathology Market
1.3.2. Type of Global Digital Pathology
Market
1.3.3. Application of Global Digital
Pathology Market
1.3.4. End Users of Global Digital
Pathology Market
1.3.5. Region of Global Digital
Pathology Market
2.
Executive Summary
2.1. Global Digital Pathology Market Industry Trends under COVID-19 Outbreak
2.1.1. Global COVID-19 Status Overview
2.1.2. Influence of COVID-19 Outbreak
on Global Digital Pathology Market
Industry Development
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
2.2.4. Impact Analysis of Drivers and
Restraints
2.3. Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.4. Key Mergers & Acquisitions,
Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s Five Forces Analysis
2.5.1. Bargaining Power of Suppliers
2.5.2. Bargaining Power of Buyers
2.5.3. Threat of Substitutes
2.5.4. Threat of New Entrants
2.5.5. Competitive Rivalry
2.6. Market Investment Opportunity
Analysis (Top Investment Pockets), By Segments & By Region
3.
Global Digital Pathology Market Estimates & Historical Trend Analysis (2019 -
2023)
4.
Global Digital Pathology Market Estimates & Forecast Trend Analysis, by
Product
4.1. Global Digital Pathology Market
Revenue (US$ Mn) Estimates and Forecasts, by Product, 2019 to 2034
4.1.1. Scanners
4.1.2. Software
4.1.3. Storage Systems
5.
Global Digital Pathology Market Estimates & Forecast Trend Analysis, by
Type
5.1. Global Digital Pathology Market
Revenue (US$ Mn) Estimates and Forecasts, by Type, 2019 to 2034
5.1.1. Human Pathology
5.1.2. Veterinary Pathology
6.
Global Digital Pathology Market Estimates & Forecast Trend Analysis, by
Application
6.1. Global Digital Pathology Market
Revenue (US$ Mn) Estimates and Forecasts, by Clinical Trials,
2019 to 2034
6.1.1. Drug Discovery
6.1.2. Disease Diagnosis
6.1.3. Training & Education
6.1.4. Teleconsultation
7.
Global Digital Pathology Market Estimates & Forecast Trend Analysis, by
End Users
7.1. Global Digital Pathology Market
Revenue (US$ Mn) Estimates and Forecasts, by End-user,
2019 to 2034
7.1.1. Pharmaceutical &
Biotechnology Companies
7.1.2. Hospitals and Reference
Laboratories
7.1.3. Academic & Research
Institutes
8.
Global Digital Pathology Market Estimates & Forecast Trend Analysis,
by Region
8.1. Global Digital Pathology Market
Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2034
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9.
North
America Digital Pathology Market: Estimates & Forecast Trend Analysis
9.1.
North
America Digital Pathology Market Assessments & Key Findings
9.1.1. North America Digital Pathology
Market Introduction
9.1.2. North America Digital Pathology
Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
9.1.2.1. By Product
9.1.2.2. By Type
9.1.2.3. By Application
9.1.2.4. By End-user
9.1.2.5. By Country
9.1.2.5.1. The U.S.
9.1.2.5.2. Canada
9.1.2.5.3. Mexico
10. Europe Digital
Pathology Market: Estimates &
Forecast Trend Analysis
10.1. Europe Digital Pathology Market
Assessments & Key Findings
10.1.1. Europe Digital Pathology Market
Introduction
10.1.2. Europe Digital Pathology Market
Size Estimates and Forecast (US$ Million) (2019 – 2034)
10.1.2.1. By Product
10.1.2.2. By Type
10.1.2.3. By Application
10.1.2.4. By End-user
10.1.2.5. By Country
10.1.2.5.1. Germany
10.1.2.5.2. U.K.
10.1.2.5.3. France
10.1.2.5.4. Italy
10.1.2.5.5. Spain
10.1.2.5.6. Russia
10.1.2.5.7. Rest of Europe
11. Asia Pacific Digital
Pathology Market: Estimates &
Forecast Trend Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1. Asia Pacific Digital Pathology
Market Introduction
11.1.2. Asia Pacific Digital Pathology
Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
11.1.2.1. By Product
11.1.2.2. By Type
11.1.2.3. By Application
11.1.2.4. By End-user
11.1.2.5. By Country
11.1.2.5.1. China
11.1.2.5.2. Japan
11.1.2.5.3. India
11.1.2.5.4. Australia
11.1.2.5.5. South Korea
11.1.2.5.6. ASEAN
11.1.2.5.7. Rest of Asia Pacific
12. Middle East & Africa Digital
Pathology Market: Estimates &
Forecast Trend Analysis
12.1. Middle East & Africa Market
Assessments & Key Findings
12.1.1. Middle
East & Africa Digital
Pathology Market Introduction
12.1.2. Middle
East & Africa Digital
Pathology Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
12.1.2.1. By Product
12.1.2.2. By Type
12.1.2.3. By Application
12.1.2.4. By End-user
12.1.2.5. By Country
12.1.2.5.1. U.A.E.
12.1.2.5.2. Saudi Arabia
12.1.2.5.3. Egypt
12.1.2.5.4. South Africa
12.1.2.5.5. Rest of Middle East & Africa
13. South America
Digital Pathology Market: Estimates
& Forecast Trend Analysis
13.1. South America Market Assessments
& Key Findings
13.1.1. South America Digital Pathology
Market Introduction
13.1.2. South America Digital Pathology
Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
13.1.2.1. By Product
13.1.2.2. By Type
13.1.2.3. By Application
13.1.2.4. By End-user
13.1.2.5. By Country
13.1.2.5.1. Brazil
13.1.2.5.2. Argentina
13.1.2.5.3. Colombia
13.1.2.5.4. Rest of South America
14. Competition Landscape
14.1. Global Digital Pathology Market
Competition Matrix & Benchmarking, by Leading Players / Innovators /
Emerging Players / New Entrants
14.2. Global Digital Pathology Market
Competition White Space Analysis, By End-user
14.3. Global Digital Pathology Market
Competition Heat Map Analysis, By End-user
14.4. Global Digital Pathology Market
Concentration & Company Market Shares (%) Analysis, 2022
15. Company Profiles
15.1.
Thermo Fisher Scientific Inc.
15.1.1. Company Overview & Key Stats
15.1.2. Financial Performance & KPIs
15.1.3. Product Portfolio
15.1.4. Business Strategy & Recent Developments
* Similar details would be provided
for all the players mentioned below
15.2. Hoffmann-La
Roche Ltd.
15.3. Hamamatsu
Photonics K.K.
15.4. 3DHISTECH Ltd.
15.5. Koninklijke
Philips N.V.
15.6. Apollo
Enterprise Imaging Corp
15.7. Sectra AB
15.8. Others
16. Research
Methodology
16.1. External Transportations /
Databases
16.2. Internal Proprietary Database
16.3. Primary Research
16.4. Secondary Research
16.5. Assumptions
16.6. Limitations
16.7. Report FAQs
17. Research Findings & Conclusion
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
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Market Estimates and Forecast
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Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size of Digital Pathology Market in 2024?
Digital Pathology Market was valued at USD 1.38 Billion in 2024.
What is the growth rate for the Digital Pathology Market?
Digital Pathology Market size will increase at approximate CAGR of 15.4% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the Digital Pathology Market are Thermo Fisher Scientific Inc., Hoffmann-La Roche Ltd., Hamamatsu Photonics K.K., 3DHISTECH Ltd., Koninklijke Philips N.V. , Apollo Enterprise Imaging Corp, Sectra AB and Others.
Which region dominates the Digital Pathology Market?
North America dominates the market with an active share of 48%.
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