The global digital pathology market size was US$ 735.7 million in 2020. The global digital Pathology market size is estimated to reach US$ 1,790.2 million by 2030, growing at a compound annual growth rate (CAGR) of 9.3% during the forecast period from 2022 to 2030.
Digital pathology is a computer-enabled, image-based information medium that allows the control of data developed from digital slides. It can help an analysis channel in two ways. The first one is that the particular file storage and viewing applications may be used to set tissue microarrays, macroscopic pictures, and entire slide pictures. The second application of digital pathology in the analysis is the development and implementation of picture study methods.
Factors Influencing Market Growth
? The rise in the majority of cancer and the increase in the need for accurate diagnostics, and the growth of the latest digital pathology systems by a huge number of primary players drive the overall market expansion.
? With the increase in cardiovascular and chronic diseases, the demand for digital pathology systems increases propelling the overall market expansion.
? The increase in the geriatric population and fast technological improvements in digital pathology systems are the elements that drive the overall market expansion.
Effect of the COVID-19 Pandemic
COVID-19 is expected to have a positive influence to drive the expansion of the overall market. The Center for Devices and Radiological Health of unleashed an enforcement guideline for remote digital pathology instruments, which are made for clinical laboratories, pathologists, and drug management teams. Thus, the increase in cases of chronic disorders has expanded the use of digital pathology systems for diagnosis, which is predicted to drive the overall market expansion.
North America had the highest growth on the overall market in 2020 and is anticipated to lead during the analysis period, due to the increase in the number of different types of cancer patients, the existence of primary players, the growth of the healthcare industry, and the existence of latest creative digital pathology systems in the region.
The prominent players in the global digital pathology market are:
? VISIOPHARM A/S
? F- HOFFMANN LA-ROCHE
? PERKINELMER INC
? NIKON CORPORATION
? KONINKLIJKE PHILIPS N.V
? INDICA LABS INC
? HAMAMATSU PHOTONICS K.K
? GLENCOE SOFTWARE
? DANAHER CORPORATION
? 3DHISTECH LTD
The global digital pathology market segmentation focuses on Product, Application, End User, and Region.
Segmentation on the basis of Product
? Storage and Communication Systems
Segmentation on the basis of Application
? Disease Diagnosis
? Drug Discovery
? Training & Education
Segmentation on the basis of End User
? Pharma & Biotech Companies
Segmentation on the basis of Region
? North America
? The U.S.
? Western Europe
? The UK
? Rest of Western Europe
? Eastern Europe
? Rest of Eastern Europe
? Asia Pacific
? Australia & New Zealand
? Rest of Asia Pacific
? Middle East & Africa (MEA)
? Saudi Arabia
? South Africa
? Rest of MEA
? South America
? Rest of South America