Digital Pathology Market Size, Scope, Key Players 2023
The global digital pathology market size was valued at USD 612.3 million in 2021 and is poised to grow at a significant CAGR of 12.7% during the forecast period 2022-28. The adoption of digital pathology techniques in research as well as in clinical diagnostics. However, changing clinical workflows and implementing new technologies in the healthcare industry is complex, and historically, technologies that require such changes have failed to reach patients despite the countless benefits of adopting such technologies
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The global digital pathology market segmentation:
1) By Product Type: Scanners, Software Solution/Application, Communication System, and Storage System.
2) By Application: Research & Academics, Clinical Research & Toxicology, and Clinical (diagnostic, telepathology, etc.)
3) Usage: Human Pathology and Animal Pathology.
4) End-User: Hospitals, Reference Labs & Pathologists, Pharmaceutical Companies/CROs, Academic & Research Institutes, and Others (vets, clinics, etc.))
The scanners segment accounted for X% of the market and is expected to grow at a CAGR of X% between 2022 and 2028. The large share of the scanners segment can be attributed to the high price of scanners, the increasing adoption of digital pathology solutions, increase in R&D activities in the pharmaceutical & medical device industry, rise in demand for diagnosis of diseases, and surge in adoption of digital pathology systems.
North America holds a market share of X% in the digital pathology market in the forecast period, and it is projected to grow at a CAGR of X% in the coming years. The rising prevalence of cancer, rising demand for quality diagnostics, the implementation of favourable reimbursement policies, and the implementation of favourable initiatives by governments in the United States and Canada are major factors driving the growth of the digital pathology market in North America.
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The digital pathology market key players are Danaher Corporation, Glencoe Software Inc., HAMAMATSU Photonics K.K, Indica Labs Inc., Koninklijke Philips N.V, Nikon Corporation, Perkinelmer Inc., Roche, VisoPharma A/S, and OptraSCAN.
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