The report “Digital Pathology Market is valued at an estimated USD 0.9 billion in 2023 and is projected to reach USD 1.8 billion by 2028, at a CAGR of 13.6% during the forecast period. The growth in the digital pathology market is mainly driven by factors such as the increasing adoption of digital pathology to enhance lab efficiency, rising incidence of cancer, growing applications of digital pathology in drug development and companion diagnostics, growing awareness of early cancer diagnosis in emerging economies, and recommendations for cancer screening. On the other hand, the high costs of digital pathology systems is expected to restrain market growth to a certain extent.

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Key Player

The major players in the global Digital Pathology market include Leica Biosystems (US), Koninklijke Philips N.V. (Netherlands), and Hamamatsu Photonics (Japan)were the top players in the Digital Pathology market during the forecast period. Other major players in the market include Sectra AB (Sweden), F. Hoffmann-La Roche Ltd. (Switzerland), Visiopharm A/S (Denmark), 3DHISTECH (Hungary), Apollo Enterprise Imaging (US), XIFIN (US), Huron Digital Pathology (Canada), Corista (US), Indica Labs (US), OptraSCAN (India), Glencoe Software (US), Inspirata (US), Mikroscan Technologies (US), and Kanteron Systems (Spain).

Driver: Increasing adoption of digital pathology to enhance lab efficiency

The increasing adoption of digital pathology is driving the global digital pathology market. Digital pathology is used in diagnosis and treatment of diseases. It has the potential to revolutionize the diagnosis of diseases by providing accurate, efficient, and cost-effective solutions. Digital pathology solutions are used to store, manage, and analyze digital images of tissue and organ slides. This helps in quick diagnosis and reduces turnaround time. Moreover, digital pathology solutions can be linked to electronic medical records, which helps in seamless sharing of information between healthcare providers. This, in turn, helps in improving clinical outcomes and patient care. The increasing demand for enhanced lab efficiency is also driving the growth of the global digital pathology market.

Opportunity: Introduction of affordable scanners for private pathology practices

The introduction of affordable scanners for private pathology practices presents an opportunity for the digital pathology market. With the ability to scan slides at a lower cost, private practices are able to benefit from the advantages of digital pathology, such as increased accuracy and efficiency, while avoiding the high costs associated with traditional hardware and software. Additionally, these affordable scanners can help bridge the gap between larger pathology labs and smaller private practices, allowing them to access the same technology and benefit from the same advantages even with limited resources. This can help to improve diagnostic accuracy, reduce costs, and improve patient outcomes.

Restraint: High cost of digital pathology systems

Digital pathology systems are expensive and require significant capital investment. The cost of the hardware, software and services associated with the system can be quite high. This is a major factor that is likely to restrain the growth of the digital pathology market. The cost of a digital pathology system can range from USD 50,000 to several million dollars depending on the features and capabilities of the system. This is a major factor that is likely to restrain the growth of the digital pathology market.

This research report categorizes the digital pathology market to forecast revenue and analyze trends in each of the following submarkets:

By Product

• Scanners
• Software
• Storage Systems

By Type

• Human Pathology
• Veterinary Pathology

By Application

• Drug Discovery
• Disease Diagnosis
• Training & Education

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Recent Developments:

• In September 2021, Visiopharm (Denmark) and Agilent Technologies, Inc. (US) collaborated to co-market Visiopharm’s portfolio of CE-IVD marked AI-driven Precision Pathology software and Agilent’s automated pathology staining solutions portfolio.
• In August 2021, Sectra AB (Sweden) and University Medical Center Utrecht (Netherlands) signed an agreement under which UMC uses Sectra’s pathology module for effective multidisciplinary discussions among pathologists and radiologists.
• In May 2021, Sectra AB (Sweden) and Institute Curie (France) signed an agreement which allows the digitization of pathology at Institute Curie. The pathologists in Institute Curie can access cases, digital tools, and AI applications through the Sectra pathology solution.
• In April 2021, Leica Biosystems (US) and Paige.AI, Inc. (US) partnered for Paige’s AI-enabled research software for tumour detection, grading, and quantification to Leica Biosystems digital pathology platform in countries throughout North America and Europe.

Related Link: Digital Pathology Market

Table of Content:

1 INTRODUCTION (Page No. – 33)

• STUDY OBJECTIVES
• MARKET DEFINITION
• MARKET SCOPE
• CURRENCY
• STUDY LIMITATIONS
• RESEARCH METHODOLOGY (Page No. – 38)
  • RESEARCH APPROACH
  • RESEARCH DESIGN
  • MARKET SIZE ESTIMATION

• EXECUTIVE SUMMARY (Page No. – 53)
• PREMIUM INSIGHTS (Page No. – 57)
  • DIGITAL PATHOLOGY MARKET OVERVIEW
  • NORTH AMERICA: DIGITAL PATHOLOGY INDUSTRY, BY END USER & COUNTRY (2022)
  • MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
  • REGIONAL MIX: MARKET
  • DIGITAL PATHOLOGY INDUSTRY: DEVELOPING VS. DEVELOPED MARKETS

5 MARKET OVERVIEW (Page No. – 61)

5.1 INTRODUCTION

5.2 MARKET DYNAMICS

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