The Digital pathology market players and analysis by type, product, application and end user - forecast till 2028. To help with rapid disease, the digital pathology market employs high-throughput, automated pathology scanners or image analysis tools to interpret and quantify biomarker expression. Over the projected period of 2023–2028, Market research Future (MRFR) has thoroughly investigated the macro- and micro-economic trends influencing the worldwide digital pathology market. The digital pathology market is expected to reach a valuation of USD 1.4 Billion at a CAGR of 6.5% during the forecast period, according to MRFR.
The market for digital pathology has expanded as a result of the urgent need to speed up the diagnosis process and a shortage of licenced pathologists. The need for pathology services is growing, but there aren't enough of them to meet it. The development of digital pathology technology, however, has led to the development of robotic light microscopy and various fibre optic communications.
The advantages of digital pathology, an improved notion of conventional pathology, are quick diagnosis times, simpler slide access, and less slide mixing. Additionally, it offers a significant financial advantage that has increased acceptance among healthcare organisations. Additionally, digital pathology fills the huge gap between the need and supply for pathological services. Additionally, digital pathology assures regulatory compliance while addressing issues that pathology practises encounter, like the development of new technologies.
Digital pathology services are being increasingly applied to various fields including tissue-based research, education, and drug development. Besides, the rise in a number of clinical and pre-clinical trials have induced high demand for pathological services across the globe.
The increasing burden of chronic diseases, cancer, in particular, has generated massive demand for digital pathology services. The governments in multiple countries are endeavoring to provide access to sophisticated pathological services to patients and are outlaying hefty amounts on the modernization of healthcare infrastructure which has augmented the growth of the global digital pathology market.
On the contrary, digital pathology services involve heavy capital investment in associated technologies which raises the cost of implementation. The high cost structure is likely to demote the adoption rate of digital pathology services.
The most significant players coated in global digital pathology market report-
Definiens (Germany)
Mikroscan Technologies Inc. (U.S.)
Philips Healthcare (U.S.)
Apollo Enterprise Imaging Corp. (U.S.)
Omnyx
LLC (U.S.)
Xifin Inc. (U.S.)
Huron Digital Pathology Inc. (Canada)
ViewsIQ Inc. (Canada)
GE Healthcare (UK)
3DHISTECH Ltd (Hungary)
microDimensions GmbH (Germany)
and Q2 Solutions (U.S.)
Segmentation
The global digital pathology market has been segmented based on type, product, application, and end user.
By type, the digital pathology market has been segmented into human pathology and animal pathology. The human pathology segment has acquired the major share almost 65% of the global market.
By product, the digital pathology market has been segmented into hardware, software, and storage. The hardware segment accounts for the foremost share of the global market. Hardware assist in delivering test results and is likely to attain a market valuation.
By application, the digital pathology market has been segmented into disease diagnosis, Mhealth, drug discovery, and telemedicine. The disease diagnosis segment is dominating the market on account of heightened adoption of technologically-advanced devices for disease diagnosis.
By end user, the digital pathology market has been segmented into hospital clinic, diagnostic centers, and research centers academic institutes. The adoption of digital pathology services is considerably high in research institutes as it facilitates faster and precise in-depth analysis of various disease conditions.
Regional Analysis
By region, the digital pathology market has been segmented into the Americas, Asia Pacific (APAC), Europe, and the Middle East Africa (MEA).
The Americas are now the world's largest market for digital pathology due to the rising frequency of chronic diseases, enormous spending on healthcare facilities, and the presence of important competitors in the area. Additionally, the market is growing as a result of the quick adoption of cutting-edge innovations like AI for picture analysis.
Europe now holds the second-largest market share for digital pathology worldwide. Europe has an advantage over other markets because prominent market companies like Leica Biosystems, Definiens, and others have their headquarters there. Increased healthcare spending by the region's affluent nations, like Germany, France, Sweden, and others, along with a progressive rise in the prevalence of chronic diseases, have served as drivers of market expansion.
The APAC digital pathology market mounting investment by the developing countries of the region towards the modernization of the healthcare sector has created a conducive environment for the growth of the market. The rising affluence of people and growing medical tourism industry is likely to further accelerate the growth of the market.
Over the projected period, the MEA digital pathology market is anticipated to exhibit modest but consistent growth. The market's expansion is being constrained by the limited availability of healthcare services and the high cost of cutting-edge new technology. However, increasing health consciousness in the area is projected to boost market expansion.
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