Pune, 6, Dec, 2022: The report published by Maximize Market research, on Digital Pathology Market, covers an extensive regional analysis and competitive landscape. Over the forecast period, Maximize Market research expects, the market to growth from 828 Mn in 2021 to 2328.99 Mn in 2029 at a CAGR of 13.8 %.
Digital Pathology Market Scope and Research Methodology
The research includes a thorough analysis of the global, regional, and national markets for digital pathology. The study presents forecasts for market size and growth rate along with existing and future trends in the digital pathology industry after analysing primary and secondary data. For a better knowledge of market penetration, competitive structure, pricing, and demand analysis, regional analyses of the market are undertaken at the local, regional, and worldwide levels. In order to assist investors and large companies in making decisions regarding their investments and strategic business posture, the research also covers the tactics employed by important players and provides an analysis of those strategies based on their development in the market.
Major industry players are mentioned by region, along with their revenue, financial standing, portfolio, technical developments embraced, mergers and acquisitions, joint ventures, and strategic alliances, for the competitive analysis of the global market for digital pathology. An analysis of the growth potential and business forecast for recent market entrants is also provided. In order to develop investment approaches and marketing strategies, stakeholders, investors, market participants, followers, and new entrants can use this analysis as a general guide.
For a segment-wise analysis of the Digital Pathology Market, it is divided by Type, Product, Application, and End-user and for understanding the factors affecting the market growth positively and negatively. The bottom-up approach was employed to validate the market size and its estimation by different segments. Data was collected employing both primary and secondary data collection methods. Surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs and marketing professionals were included in the primary methods. Secondary data was meticulously collected from a curated selection of sources for maximum reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases.
SWOT analysis was conducted to provide the strengths and weaknesses of the Digital Pathology Market while PESTLE was employed to understand the potential impact of the micro-economic factors affecting the Digital Pathology Market.
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Digital Pathology Market Overview
Digital pathology is the process of digitising glass slides using a whole-slide image scanner, and it involves analyzing the digital images using an image viewer, typically on a computer screen or mobile device. Digital pathology is a field that uses digital tools to gather, interpret, analyze, and share data. Either a digital microscope or a full slide scanning device from previously prepared devices are used to create digital slides. The digital slide is then examined by high throughput algorithms before being broadcast over the air (OTA) or kept for later use. Digital pathology and image analysis have seen rapid growth over the past few years. The use of whole-slide scanning, improvements in software and computer processing speed, and the growing importance of tissue-based research for biomarker identification and stratified medicine are the main causes of this.
Digital Pathology Market Dynamics
Rapid diagnosis tools for chronic conditions like cancer and a growing focus on improving workflow efficiency have propelled the industry. The clinical need to adopt digital pathology is forecast to increase due to the rise in the prevalence of chronic diseases. This will improve patient diagnostic imaging measures and reduce the high costs associated with conventional diagnostics. Similarly, it is anticipated that the demand for technologically sophisticated diagnostic tools would rise thanks to the ageing population, which is susceptible to chronic ailments.
Increasing technological developments in digital pathology systems are also expected to fuel market growth during the forecast period. Numerous fibre optic links, robotic light microscopy, digital imaging, and computerization are all factors in the growth. Such method that has a number of advantages over conventional light microscopes and is expected to produce lucrative opportunities in this industry is whole slide imaging. The use of AI in healthcare is growing, with a growing focus on improving patient care quality by integrating AI into many healthcare services, such as pathological diagnosis.
Digital Pathology Market Regional Insights
North America dominated the Digital Pathology Market in 2021, the North American regional market was the largest. Thanks to ongoing investments in R&D, supportive government programmes aimed at the development of technologically advanced equipment, rising use of digital imaging, and the presence of significant rivals, this region is predicted to maintain its dominance at the end of the forecast period.
Followed by North America Europe held the largest Digital Pathology Market share in 2021. The preference of the patient population for digital pathology over traditional pathology is growing, and the market is growing as a result of strategic moves like the patenting of proprietary technologies by major players in the sector. In addition, the region’s growing reliance on technologically sophisticated solutions and the regulatory approval of these products are expected to boost regional growth.
The Asia-Pacific regional market is expected to grow at the fastest rate in the forecast period. It is expected that industry growth will be accelerated by the rising number of healthcare chains working with influential institutions to manage the increasing testing burden in diagnostic laboratories.
Digital Pathology Market Segmentation
By Type:
- Human Pathology
- Veterinary Pathology
By Product:
- Scanners
- Software
- Storage Systems
By Application:
- Drug Discovery
- Disease Diagnosis
- Training & Education
By End-User:
- Pharmaceutical & Biotechnology Companies
- Hospitals and Reference Laboratories
- Academic & Research Institutes
Digital Pathology Market Key Manufacturers:
- 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
Key questions answered in the Digital Pathology Market are:
- What is Digital Pathology?
- What is the growth rate of Digital Pathology Market for the forecast years?
- What is the nature of competition in Digital Pathology industry in developed and developing economies?
- Who are the key players in the Digital Pathology Market?
- Who are the market leaders in Digital Pathology in Europe?
- Who are the market leaders in Digital Pathology in USA and Canada?
- Who are the market leaders in Digital Pathology in India, China, Japan and South Korea?
- What are the factors affecting growth in the Digital Pathology Market?
- Who held the largest market share in Digital Pathology Market?
- What are the factors for the growth of Asia-Pacific region in Digital Pathology Market?
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Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Type, Product, Application, End-User, and Region.
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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