Digital Pathology Market
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Digital Pathology Market size was valued at USD 1 billion in 2023 and is anticipated to register a CAGR of over 11% between 2024 and 2032. Digital pathology is a sub-field of pathology that focuses on data management based on information generated from digitized specimen slides.
It incorporates the acquisition, management, sharing, and interpretation of pathological information, including slides and data, in a digital environment. The healthcare sector's growing adoption of digital pathology is a significant driving force behind the market's expansion. According to a survey, nearly 70% of life sciences organizations surveyed have already adopted digital pathology.
The increasing adoption of digital pathology is revolutionizing the field of pathology by enhancing lab efficiency. This efficiency includes faster diagnoses enabled by remote slide analysis, increased diagnostic accuracy, and reduction in number of manual errors. The adoption of digital pathology offers healthcare institutions compelling cost-saving advantages through reduction of expenses related to storage and transportation of physical slides, as well as the need for additional staff to manage these slides.
Report Attribute | Details |
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Base Year: | 2023 |
Digital Pathology Market size in 2023: | USD 1 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2023 - 2032 CAGR: | 11 |
2023 Value Projection: | USD 2.45 Billion |
Historical Data for: | 2018 to 2023 |
No of Pages: | 203 |
Tables, Charts & Figures: | 394 |
Segments Covered: | Product, Application, End-use, and Region |
Growth Drivers: |
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Pitfalls Challenges: |
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COVID-19 pandemic had a positive impact on the digital pathology market. It also accelerated the adoption of remote patient monitoring devices. During the initial stages of pandemic challenges related to implementation and supply chain disruptions were witnessed signifying the need to remote diagnostics. However, the overall trajectory for digital pathology remained positive owing to its enhanced application for optimal diagnostics and remote accessibility during the COVID-19. Therefore, the pandemic significantly heightened the growth dynamics of the market for digital pathology.
Electronic Health Record (EHR) valued at over 62.5 billion in 2022, have the potential to improve patient care by making the diagnosis and monitoring of disease much more efficient through the integration of digital pathology systems. The advantages of EHRs and digital pathology can be combined to provide a comprehensive view of the patient's disease process, enabling faster and accurate diagnosis. However, there are also challenges to overcome, such as the lack of labelled data and affordability of required computational expenses.
The market by product is categorized into image analysis software, scanner, and services. The scanner segment garnered USD 496 million revenue size in the year 2022. The scanner segmented is further bifurcated into bright field scanner, fluorescence scanner, combination scanner and others. The increasing demand for combination scanners in digital pathology is propelling market growth due to their versatility, workflow efficiency, and improved diagnostic accuracy.
Based on application, the digital pathology market is segmented into drug discovery & development, disease diagnosis, teleconsultation, and others. The disease diagnosis segment accounted for over 40% business share in the year 2022. High segment share is attributed to higher incidence of relevant diseases and the pressing need for rapid diagnostics.
Overall, the adoption of digital pathology is expected to bring significant benefits to pathology labs, including increased efficiency, accuracy, and cost savings, which can help manage healthcare resources more efficiently.
The digital pathology market by end-use is categorized into hospitals, biotech & pharma companies, diagnostic laboratories, academic & research institutes, and others. The diagnostic laboratories segment garnered USD 261 million revenue size in the year 2022.
U.S. digital pathology market accounted for USD 152 million revenue size in 2022 and is predicted to witness substantial market growth during the analysis timeline.
The digital pathology industry is consolidated, with major players such as Danaher Corporation, Koninklijke Philips N.V, F. Hoffmann-La Roche Ltd., and others dominating the market. These companies are focused on continuous product innovation to secure a significant market share. For instance, in 2022, Danaher Corporation collaborated with Indica Labs to ensure seamless integration of digital pathology workflow solutions, enabling file compatibility between the Leica Biosystems Aperio GT 450 scanner series and Indica Labs' Halo software solutions.
Some of the eminent market participants operating in the digital pathology industry include:
By Product, 2018-2032 (USD Million)
By Application, 2018-2032 (USD Million)
By End-use, 2018-2032 (USD Million)
The above information is provided for the following regions and countries:
What factors are driving U.S. digital pathology industry growth?
Digital pathology industry size was USD 1 billion in 2023 and is estimated to reach USD 2.45 billion by 2032 due to higher adoption in the healthcare sector.
The disease diagnosis application segment accounted for over 40% revenue share of the digital pathology market in 2022 owing to the higher incidence of relevant diseases and the pressing need for rapid diagnostics.
3DHISTECH LTD, HAMAMTSU Photonics K.K, Danaher Corporation, Glencoe Software Inc., Nikon Corporation, Indica Labs Inc., Mikroscan Technologies Inc, Sectra AG, Koninklijke Philips N.V, and F. Hoffmann-La Roche Ltd. are some of the key digital pathology firms.