AI in Pathology Market Size Worth $89.71 Million By 2032 | CAGR: 15.3%

According to research report, the global AI in pathology market size and share was valued at USD 21.73 million in 2022 and is expected to reach USD 89.71 Million By 2032, growing at a CAGR of 15.3% during the forecast period.

What is AI in Pathology? How Big is AI in Pathology Market Size & Share?

• Overview

AI in pathology refers to the integration of artificial intelligence technologies into the field of pathology, which involves the study and diagnosis of diseases through the examination of tissues and cells. AI in pathology utilizes advanced algorithms and machine learning techniques to analyze large sets of pathology data, including histopathological images, to aid in the detection, classification, and interpretation of various diseases.

AI tools in pathology can assist pathologists by automating repetitive tasks, enhancing diagnostic accuracy, and expediting the analysis of complex data. This technology has the potential to revolutionize pathology by improving efficiency, reducing errors, and providing valuable insights for personalized medicine. Examples of AI applications in pathology include image recognition for tumor identification, predictive modeling for disease prognosis, and pattern recognition for early detection of abnormalities. As AI continues to evolve, its integration into pathology practices holds promise for more precise and efficient healthcare diagnostics.

The rising use of AI in computer applications is gaining traction among pathologists. The evolution of artificial intelligence, along with deep learning, is enabling image-based diagnosis with a background in digital pathology. Furthermore, the use of artificial intelligence by pathologists will save time and reduce errors, driving its use primarily in laboratories with more cases in the coming years.

The growing adoption of digital pathology laboratories at the global level is driving the use of artificial intelligence in the various tasks in pathology. A study published in 2023 focused on reviewing the digitalization of pathology labs. It revealed the benefits of digitalization, including lower reading time for cases and the need for second opinions. Digital pathology makes the diagnosis process faster and more efficient as it uses machine learning and artificial intelligence for the identification of diseases, symptoms, and ailments. This will enable scientists and doctors to choose the best treatment options, resulting in better patient outcomes.

As researchers come forward to check the reliability of artificial intelligence in pathology, there will be a rise in awareness about it among doctors, which may increase the adoption rate in the next few years.

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AI in Pathology Market Report Highlights

• The software segment is anticipated to witness the highest growth in the coming years due to advanced algorithms and improved diagnostics.
• Conventional neural network segment accounted for the largest market share owing to the application of AI in image analysis.
• The drug discovery segment is projected to experience a larger revenue share due to its ability to provide personalized medication.
• Hospitals and reference laboratory segments are expected to witness significant growth owing to the prevalence of a higher caseload related to pathology.
• Asia Pacific is projected to register the largest growth rate in the study period owing to the growing healthcare AI market.
• The global players include 4D Path, Aiforia Technologies, Aiosyn, Akoya Biosciences, deepPath, Deep Bio, Hologic, Ibex Medical Analytics & Indica Labs.

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