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Global Digital Pathology Market Size Is Projected To Reach USD 1738.82 Million by 2028

26-Mar-2022 | Facts and Factors

As per the report published by Facts & Factors, the global Digital Pathology market was valued at approximately USD 740.26 Million in 2021 and is expected to generate revenue of around USD 1738.82 Million by end of 2028, growing at a CAGR of around 13.8% between 2022 and 2028.

Digital pathology is image-based data from digitized specimen slides. It is done by using a virtual microscope. During disease diagnosis, digitization of pathology is performed at hospitals, diagnostic centers. It offers high-resolution sample scanning, analysis of computer images, and online storage of digital slides which enables pathologists to examine slides without forensic evidence.

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Rising Prevalence of Chronic Conditions

The increasing prevalence of chronic conditions is projected to increase clinical urgency to take digital pathology in order to improve the current poor diagnostic imaging measures and to reduce the high cost of conventional diagnostics. As per the survey, the total number of chronic respiratory disease cases increased by 39.5% between 1990 to 2017. At COVID-19, a Digital Pathology Enforcement Policy for Pathologists, clinical laboratories, healthcare centers, and drug management staff was issued by the US FDA's Center for Devices and Radiological Health. The document sets out a policy framework for increasing the availability of digital devices for remote pathology in such a critical situation. Supportive regulations are expected to have a positive impact on the market in the coming years.

North America is projected To Dominate the Global Digital Pathology Market

North America accounted for the major market share among the others, and it has been expected to maintain this trend in the near future, owing to the huge adoption of digital pathology systems. Moreover, the easy accessibility of digital pathology products and the growing need for digital pathology over the traditional methods fuel the market growth. Asia-Pacific is expected to record the highest rate of growth over the next few years due to a rise in awareness of digital pathology systems. The presence of a large patient base with chronic & infectious diseases and an increase in expenditure on healthcare infrastructure will support the market growth during the forecast timeline. Moreover, the ever-changing life science sector is predicted to offer lucrative market expansion opportunities in developing economies such as China, India, and Malaysia.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 740.26 Million

Projected Market Size in 2028

USD 1738.82 Million

CAGR Growth Rate

13.8% CAGR

Base Year

2021

Forecast Years

2022-2028

Key Market Players

Koninklijke Philips N.V., Hamamatsu Photonics, Leica Biosystems, Visiopharm A/S, Corista, Indica Labs, OptraSCAN, Glencoe Software, Inspirata Inc., Mikroscan Technologies, Proscia Inc., Kanteron Systems, Roche, Apollo Enterprise Imaging, Sectra AB, and Huron Digital Pathology among others.

Key Segment

By Product, By Type, By Application, By End User, and By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Top Market Players

Major players in the market are Koninklijke Philips N.V., Hamamatsu Photonics, Leica Biosystems, Visiopharm A/S, Corista, Indica Labs, OptraSCAN, Glencoe Software, Inspirata Inc., Mikroscan Technologies, Proscia Inc., Kanteron Systems, Roche, Apollo Enterprise Imaging, Sectra AB, and Huron Digital Pathology among others

Browse the full“Digital Pathology Market by Product (Scanners, Software, Communication Systems, and Storage Systems), By Type (Human Pathology, Veterinary Pathology), By Application (Drug Discovery, Disease Diagnosis, Training & Education, and Tele-consultation), By End User (Hospitals, Pharmaceutical & Biotechnology Companies, Diagnostic Labs, and Academic & Research Institutes): Global Industry Perspective, Comprehensive Analysis, and Forecast 2022 – 2028” report at https://www.fnfresearch.com/digital-pathology-market

The Global Digital Pathology Market is segmented as follows:

By Product:

  • Scanners
  • Software
  • Communication Systems
  • Storage Systems

By Type:

  • Human Pathology
  • Veterinary Pathology

By Application:

  • Drug Discovery
  • Disease Diagnosis
  • Training & Education
  • Tele-consultation

By End User:

  • Hospitals
  • Pharmaceutical & Biotechnology Companies
  • Diagnostic Labs
  • Academic & Research Institutes

By Region:

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of the Middle East & Africa

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

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