Digital Pathology Market is expected to reach US$ 22,870.2 Million by 2032, at a CAGR 13.5%

The global digital pathology market is estimated to reach US$ 6,199 Million by 2022, according to Future Market Insights. The market for digital pathology goods and services is expected to reach US$ 22,870.2 Million by 2032, increasing at a 13.5% CAGR during the forecast period.

Digital pathology solutions are getting more popular in the market as a result of technical advancements and the expansion of electronic medical records in the healthcare industry. Cloud-based information systems are predicted to grow at a 16.9% CAGR through 2032, while on-premise systems will continue to dominate at US$ 626.8 Million.

The scope of digital pathology with cloud integration has expanded with promising potential for numerous therapies in the healthcare industry including anti-cancer treatments. Innovation in terms of product efficiency, capabilities, and other modalities drives growth in the digital pathology market.

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A number of modern hospitals are installing newly modified digital pathology systems for their laboratories which has widened the consumer base of the market globally. Manufacturers of digital pathology solutions are constantly making changes in software, to enhance the capabilities and efficacies of digital pathology devices.

This development will provide easy access to information such as images, and will also cater to specialized needs. In 2017, Glencoe Software Inc., launched a software named Path Viewer, which is used in interactive viewing and annotation of digital pathology images.

In Jan 2018, Definiens AG released Tissue Studio 4.2 software package. The updated product suite provided improved image analysis for researchers in academic medical laboratories, comprehensive cancer diagnostic and treatment centers, biotechnology, and pharmaceutical companies.

Key Takeaways of Digital Pathology Market Study

• The United States controls 36% of the global digital pathology market. Digital imaging methods, rising acceptance of advanced technology, and established players in the United States provide major chances to produce market-leading goods.
• Canada is reflecting high potential for growth with a 14.2% CAGR, driven by the expansion of urban centers and investments into healthcare facilities.
• Furthermore, Germany is expected to capture a considerable 20% share of the European market during the predicted period.

“Growing research and development initiatives aimed towards cancer diagnosis and treatment are key factors expected to provide major growth opportunities for the digital pathology market through the end of 2032,” says the FMI Analyst.         

Who is Winning? Leading players in the market are largely focused on product development launches in addition to investing in strategic acquisitions and capacity expansions, to explore previously untapped markets.

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Some the digital pathology companies in the market are

• Danaher Corporation,
• Hoffmann-La Roche AG
• Huron Technologies International Inc.
• Koninklijke Philips N.V.
• Olympus Corporation
• Hamamatsu Photonics K.K.
• Carl Zeiss
• 3D HISTECH Ltd.
• Others

Want more insights? Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments for the forecast period. The study provides compelling insights on digital pathology market on basis of component type (systems, software, and services), application (clinical pathology, molecular diagnostics, basic & applied research, drug development, others) and end users (hospitals, diagnostic laboratories, pharmaceutical & biotechnology companies, forensic laboratories, research institutes, contract research organizations, and clinics across seven major regions.

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Key Segment By Product Type:

• Equipment
  • Whole Slide Scanners
    • Brightfield Slide Scanners
    • Fluorescence Slide Scanners
    • Combination Slide Scanners
  • Clinical Microscope
  • Tissue Microarrays

• Softwares
  • Image Viewing and Analysis Softwares
    • On-premise
    • Cloud-based
  • Digital Pathology Information Systems
    • On-premise
    • Cloud-based

• Services
  • Installation and Integration Services
  • Consulting Services
  • Maintenance and Validation Services

By Application:

• Clinical Patholog
• Molecular Diagnostics
• Basic & Applied Research
• Drug Development
• Others

End-User:

• Hospitals
• Diagnostic Laboratories
• Pharmaceutical & Biotechnology Companies
• Forensic Laboratories
• Research Institutes
• Contract Research Organizations (CROs)
• Clinics

About FMI:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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