PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1520993
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1520993
The global digital pathology market is projected to reach USD 2.0 billion by 2029 from USD 1.1 billion in 2024, at a CAGR of 13.1% from 2024 to 2029. The growth of the market is fuelled due to advancements in technology, such as high-resolution scanners, sophisticated imaging software, and AI-powered analytics, significantly improve the accuracy and efficiency of pathology workflows. The increasing prevalence of chronic diseases, including cancer, necessitates rapid and precise diagnostic tools, which digital pathology readily provides. Moreover, the push towards personalized medicine and targeted therapies requires detailed tissue analysis that digital pathology can deliver.
Scope of the Report | |
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Years Considered for the Study | 2022-2029 |
Base Year | 2023 |
Forecast Period | 2024-2029 |
Units Considered | Value (USD Billion) |
Segments | Product, Type, Application, and End user |
Regions covered | North America, Europe, Asia Pacific, Latin America, and Middle East Africa. |
"Scanners segment held the largest share in the global Digital Pathology market during the forecast period."
On the basis type, the Digital Pathology market is segmented into scanners, software, and storage systems segment. The scanners segment accounted for the largest share of the product segment in 2023 because these devices are essential to the digital pathology process. Scanners transform glass slides into high-resolution digital images, allowing pathologists to view and analyze specimens on computer screens. The critical role of scanners in enabling remote diagnostics drives their demand, as they allow pathologists to review cases from any location, thereby improving accessibility and efficiency in pathology services. Furthermore, advancements in scanner technology, such as higher resolution imaging and faster scanning speeds, enhance diagnostic accuracy and workflow efficiency, making them a valuable investment for laboratories and healthcare facilities.
"By type, human pathology holds the largest share during the forecast period."
Based on type, the Digital Pathology market is segmented into human pathology and veterinary pathology. Human pathology holds the largest share during forecast period. Firstly, the rising prevalence of chronic diseases such as cancer demands advanced diagnostic tools for accurate and timely detection. Digital pathology offers significant advantages over traditional methods, including enhanced image analysis, superior storage and retrieval capabilities, and the ease of sharing digital slides for remote consultations and second opinions. Moreover, technological advancements like artificial intelligence and machine learning are increasingly being integrated into digital pathology, equipping pathologists with powerful tools for improved diagnostic accuracy and efficiency.
"The Drug Discovery segment accounted for the largest share of the global Digital Pathology market during the forecast period."
Based on application, the Digital Pathology market is segmented into drug discovery, disease diagnosis, training and education segment. The drug discovery segment accounted for the largest share of the application segment in 2023. This is due to the accuracy of the drug development process. Consequently, integrating digital pathology into drug discovery workflows significantly boosts productivity, drives innovation, and shortens the time-to-market for new drugs, cementing its dominant position in this market segment.
"Pharmaceutical and biotechnology companies are largest end users of the Digital Pathology market."
Based on end users, the Digital Pathology market is segmented into pharmaceutical and biotechnology companies, hospital and reference laboratories, and academic and research institutes. The pharmaceutical and biotechnology companies held the largest share in 2023. The scalability of digital pathology solutions aligns well with the large volumes of samples that pharmaceutical and biotechnology companies handle, providing them with a critical tool to accelerate research and development, ultimately leading to faster time-to-market for new therapies. This combination of improved efficiency, accuracy, and collaboration makes digital pathology an invaluable asset for these companies, thus driving their dominant market share.
"North America dominates the global Digital Pathology market."
The Digital Pathology market is segmented into five major regional segments, namely, North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In 2023, North America accounted for the largest share of the Digital Pathology market. This is due to its advanced healthcare infrastructure and significant investment in healthcare technologies, allowing for the adoption of cutting-edge digital pathology systems. Also, regulatory frameworks in countries like the US and Canada are supportive of the adoption of advanced medical technologies, ensuring a streamlined approval process for digital pathology solutions.
List of Companies Profiled in the Report
Research Coverage
This report studies the digital pathology market based on product, type, application, end user, and region. The report also analyses factors (such as drivers, opportunities and challenges) affecting market growth. It evaluates the opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders. The report also studies micro markets with respect to their growth trends, prospects, and contributions to the total digital pathology market. The report forecasts the revenue of the market segments with respect to five major regions.
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