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The Digital Pathology Market size is estimated to grow by USD 716.93 million at a CAGR of 13.2% between 2022 and 2027. The digital pathology market is a rapidly growing sector in the healthcare industry. It involves the use of digital imaging technology to capture, manage, and analyze pathology slides and specimens. The expansion of the market relies on various elements, including the widespread implementation of technological advancements in healthcare facilities, heightened demand for enhanced efficiency and quicker results among healthcare professionals, and substantial integration of digital solutions in educational and training settings.
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The market is witnessing significant evolution driven by advancements in technology and healthcare innovation. With a focus on diagnosis and imaging solutions, digital pathology software is transforming medical research and laboratory analysis. As demand for cancer diagnostics and disease research increases, the market continues to evolve with digitalization trends and ongoing innovation, shaping the future of healthcare analysis and slide imaging. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic market research and growth analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing demand for high productivity and reduced turnaround time among end-users is a prominent factor driving the healthcare technology market. This digitalization of pathology has improved diagnosis and imaging, reducing errors in interpretations. The key advantage is the high productivity and reduced turnaround time achieved through high-throughput scanning and advanced algorithms. Growing disease prevalence has increased hospitals' and laboratories' workload, fueling demand for timely diagnoses. To meet this demand, automated technologies like these systems are adopted.
Market players continuously enhance their systems with high-speed scanning capabilities, such as F. Hoffmann-La Roche's Ventana DP 200 slide scanner, Danaher's Aperio Digital Pathology Slide Scanners, and Huron Technologies International's TissueScope iQ. Software platforms like Visiopharm AS's Oncotopix and Definiens' Tissue Phenomics further drive the global systems market growth.
Integration of Artificial Intelligence (AI) into these pathology systems is the key trend impacting the global market growth. The advent of IoT in pathology laboratory services as a part of digitalization in healthcare has enabled the use of smarter and interoperable laboratory technologies through connected systems. The data is largely contributing to the development of big healthcare data. For instance, a single laboratory facility using a system generates between 1 and 1.5 PB of data each year.
In addition, the reduced cost of cloud-based storage services has eased concerns regarding the storage of data collected through connected systems. The cost of storing laboratory data is expected to reduce by about 98.98% during 2015-2030. This is expected to reduce the additional cost involved in the storage of such pathology data to some extent, making it more accessible to end-users.
Integration in the existing infrastructure of end-users is a major challenge restraining the growth of market. Market players offering software and services confront significant hurdles in system integration. Their key challenge is to efficiently integrate these systems in a cost-effective manner while complying with DICOM requirements. Developing software that supports large, high-definition pathological image datasets poses complexities, leading to the creation of intricate software platforms. Integrating such complex software with end-user IT infrastructure for real-time data storage and retrieval through connected technologies is a formidable task.
Additionally, designing and installing such systems within existing IT architectures of end-users raises concerns about data sharing between separate applications. Poor scaling and integration may cause system failures during critical periods. Legacy IT infrastructure also challenges seamless digital pathology system performance, requiring market players to adopt scalable architecture. However, this task demands considerable time, resources, and cost, potentially impeding market players' developments.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
3d Histech - The company offers solutions for digital pathology with different scanning modes such as Brightfield, Fluorescence, and Confocal.
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the digital slide scanner segment will be significant during the forecast period. The digital slide scanner segment accounted for the maximum share by-product in the global market in 2022. Factors such as increased adoption of research activities in academic institutions and enhanced resolution of the slide images are expected to drive the growth of the digital slide scanner segment during the forecast period.
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The digital slide scanner segment was valued at USD 321.59 million in 2017 and continued to grow by 2021. Growing technological advancement in the magnification and scanning of slides is expected to propel further growth of the segment. Moreover, the rising internet bandwidth connectivity and technological developments by companies in the market are propelling market growth. Such developments are expected to propel the growth of the segment, which, in turn, is expected to propel the growth of the market in focus during the market growth and forecasting period.
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North America is projected to contribute 39% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the Market forecasting period. North America dominates the global market, with the US leading the market in the region. Growing US FDA approval of whole slide imaging systems used in workflows and increasing adoption of advanced pathology practices drive the growth of the market in North America. In addition, the presence of a large number of key companies in the region that offer products with integrated AI and automation technologies has also helped ease the accessibility to products in the regional market. Furthermore, these market companies are witnessing favorable market conditions due to the increasing approval of systems in the region. Such factors have surged the growth opportunities in the US market and have substantially promoted market companies to develop advanced products. This has promoted the swift growth of the market in the region.
The market is witnessing a transformative shift propelled by technological advances and AI-powered digital imaging innovations. With the rise in new cancer cases and the pressing need to address disparities in healthcare, there's a growing momentum to digitize healthcare procedures. Leading companies like 3DHISTECH, Paige, and Akoya Biosciences are at the forefront, offering cutting-edge digital pathology solutions and AI tools for cancer diagnostics. Collaborations such as Paige's partnership with Ohio State Wexner Medical Center and advancements in AI-based digital pathology underscore the market's dynamic nature. As the industry embraces automation and neural network technologies, the future outlook promises enhanced efficiency in disease diagnosis and patient care, driving revenue generation potential and fostering innovation in the medical science realm.
However, there exists a disparity in access to advanced tools and technologies. The advent of digital slides has revolutionized the field, allowing pathologists to analyze specimens with greater clarity and efficiency using a scanning device connected to a computer screen or mobile device. With advanced pathology techniques and diagnostic services, digital pathology scanners enable pathologists to achieve significant cost savings and attract investments in innovative solutions like 3DHISTECHE and predia. Collaborative efforts, such as the Pathology Innovation Incubator, drive progress in the field, empowering pathologists to deliver superior patient care.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Market Scope |
|
Report Coverage |
Details |
Page number |
167 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.2% |
Market growth 2023-2027 |
USD 716.93 million |
Market structure |
Fragmented |
YoY growth (%) |
13.1 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 39% |
Key countries |
US, Canada, UK, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3DHISTECH Ltd., Apollo Enterprise Imaging Corp., Co Diagnostics Inc., Corista, Danaher Corp., F. Hoffmann La Roche Ltd., General Electric Co., Hamamatsu Photonics KK, Huron Digital Pathology, Indica Labs Inc., Inspirata Inc., Kanteron Systems SLU, Koninklijke Philips NV, Mikroscan Technologies Inc., Objective Pathology Services, Olympus Corp., Proscia Inc., Sectra AB, Visiopharm AS, and XIFIN Inc. |
Market dynamics |
Parent market analysis, market growth and trends, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our market analysis and report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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