Global Digital Pathology Market Opportunities and Forecast 2022-2029

Digital Pathology Market Overview

Digital Pathology helps improve lab efficiency by reducing costs, decreasing turnaround times, and providing users with access to subject-matter expertise. Improvements in lab efficiency are critical as patients and physicians are hooked to lab results for diagnostic decisions, and diagnostic tests are required to be completed and reported quickly and accurately. At a predicted CAGR of 12.6% over the projection period, the global market for Digital Pathology is expected to increase from $892.5 million in 2022 to $2,045.9 million in 2029.

Moreover, access to digital slides via web services eliminates shipping costs and pathologists’ time period. The outbreak of the COVID-19 pandemic has led to the implementation of lockdowns and social distancing restrictions. Such restrictions have increased the demand for digital pathology solutions, as these are often employed by pathologists to remotely view diagnostic results for primary diagnosis. So as to achieve a competitive edge and deliver quick services, an outsized number of pathologists and pathology labs are adopting digital pathology.

Although large hospitals with significant capital budgets can afford these systems, pathologists and academic institutes with limited budgets or IT support often cannot afford them. The high cost of those systems, including a scarcity of skilled personnel to work digital pathology systems, is predicted to limit the adoption of those systems.

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Covid-19 Impact on Digital Pathology Market:

In addition, the current Global Market study offers a detailed analysis of the current COVID-19 pandemic’s impact on market growth and its influence on the future growth of the Global Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long-term as well as short-term effect which includes supply shortages, panic buying, and stocking, and regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.

The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2022 and its projection up to 2029 is provided in detail in this report.

Digital Pathology Market Segment Overview

By product, the digital pathology market is segmented into scanners, software, communication systems, and storage systems. The scanners segment accounted for the biggest share of the worldwide digital pathology market in 2019. The massive share of this segment is often attributed to the increasing adoption of digital pathology solutions across the world.

By end-users, the worldwide digital pathology market is broadly segmented into pharmaceutical & biotechnology companies, hospitals and reference laboratories, and academic & research institutes. The pharmaceutical & biotechnology companies segment accounted for the most important share of the worldwide digital pathology market in 2019. The massive share of this segment is often attributed to the increasing use of digital pathology for drug discovery studies and drug toxicology testing.

By application, the digital pathology market is segmented into drug discovery, disease diagnosis, teleconsultation, and training & education. The drug discovery segment accounted for the most important share of the worldwide digital pathology market, by application, in 2019. The massive share of this segment is often attributed to the expansion in R&D expenditure, fuelled by the necessity for varied preclinical and clinical studies performed during the drug discovery and development process.

Market Analysis, Insights and Forecast – By Product
·       Scanners
·       Software
·       Communication Systems
·       Storage Systems

Market Analysis, Insights and Forecast – By End Use
·       Pharmaceutical & Biotechnology Companies
·       Hospitals and Reference Laboratories
·       Academic & Research Institutes

Market Analysis, Insights and Forecast – By Application
·       Drug Discovery
·       Disease Diagnosis
·       Teleconsultation
·       Training & Education

Digital Pathology Market Regional Overview

Region-wise, in terms of regions, North America dominated the digital pathology market and held the biggest revenue share of over the forecast period. Continual deployment of R&D investments, supportive government initiatives concerning the event of technologically advanced systems, raising adoption of digital imaging, and therefore the presence of major players are the key contributing factors to this dominance. Increased usage of digital pathology for disease diagnosis including favorable reimbursement policies within the U.S., and improving the standard of cancer diagnosis, is predicted to further fuel the regional growth.

In the Asia Pacific, the marketplace for digital pathology is predicted to expand at a CAGR of during the forecast period because of the rising penetration of digital imaging in emerging economies, investments within the medical field, and therefore the presence of untapped opportunities. Asia Pacific’s healthcare industry has highly influenced the market because of the increased incidence of cancer, which affects an outsized population. Also, increasing demand for novel treatment options, better patient care facilities, and a discount on laboratory expenses are expected to further drive the demand.

Digital Pathology Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)

Digital Pathology Market Competitor overview

Some key developments and strategies adopted by manufacturers in Digital Pathology are highlighted below.

·       In June 2018, acquired Irish PathXL, one of the biggest pathology image-based analysis firms. This acquisition was administered to develop integrated tools targeting applications in computational biology, workflow solutions, education, and image analytics.

Digital Pathology Market, Key Players

·       Hamamatsu Photonics, Inc.
·       Koninklijke Philips N.V.
·       Olympus Corporation
·       F. Hoffmann-La Roche Ltd.
·       Mikroscan Technologies
·       Inspirata, Inc.
·       Visiopharm A/S
·       Huron Digital Pathology
·       3DHISTECH Ltd.
·       ContextVision AB.
·       Danaher

Research Objectives:                                                        

To study and analyze the global Digital Pathology market size by key regions/countries, product type and application, history data from 2017 to 2021, and forecast to 2028.

To understand the structure of Digital Pathology market by identifying its various sub segments.

Focuses on the key global Digital Pathology players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Digital Pathology with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the size of Digital Pathology submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

The Digital Pathology market research report completely covers the vital statistics of the capacity, production, value, cost/profit, supply/demand import/export, further divided by company and country, and by application/type for best possible updated data representation in the figures, tables, pie chart, and graphs. These data representations provide predictive data regarding the future estimations for convincing market growth. The detailed and comprehensive knowledge about our publishers makes us out of the box in case of market analysis.

Key Questions | Answered Included In Sample Report:

What will the market size and the growth rate be in 2028?

What are the key factors driving the Global Digital Pathology Market?

What are the key market trends impacting the growth of the Global Digital Pathology Market?

What are the challenges to market growth?

Who are the key vendors in the Global Digital Pathology Market?

What are the market opportunities and threats faced by the vendors in the Global Digital Pathology Market?

Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.

Table Of Contents                 

1: Global Digital Pathology Market Overview

2: Digital Pathology Market Data Analysis

3: Digital Pathology Technical Data Analysis

4: Digital Pathology Government Policy and News

5: Global Digital Pathology Market Manufacturing Process and Cost Structure

6: Digital Pathology Productions Supply Sales Demand Market Status and Forecast

7: Digital Pathology Key Manufacturers

8: Up and Down Stream Industry Analysis

9: Marketing Strategy -Digital Pathology Analysis

10: Digital Pathology Development Trend Analysis

11: Global Digital Pathology Market New Project Investment Feasibility Analysis

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