Digital Pathology Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Digital Pathology MarketThe digital pathology market size was valued at USD 1.02 billion in 2023, and the market is now projected to grow from USD 1.15 billion in 2024 to USD 3.86 billion by 2032, exhibiting a CAGR of 16.4% during the forecast period of 2024-2032.
The COVID-19 widespread accelerated the market growth due to a significant rise within the digitization of pathological frameworks. The market's development was moreover ascribed to the critical spike within the adoption of these digital devices, favorable directions for emergency use cases, and decrease in in-person visits to pathologists and doctors.
Higher incidence of chronic infections and ensuing increment within the number of tests are assessed to bolster the product adoption. Increasing product adoption, alongside rising efforts of market players to cater to the developing need for diagnostics, is anticipated to drive the development of the market.
Increasing adoption of Artificial Intelligence-based advanced devices by key customers owing to a higher demand for workflow administration could be a key drift within the worldwide market. The rising center of major companies included in licensing innovative technology on advertising a customized stage for key partners gives them with a competitive advantage and boost in the digital pathology market growth.
Comprehensive Analysis Of digital pathology Market
The digital pathology market and healthcare industry is rising at an exponential rate due to its market division. This market extension successfully gives a point-by-point regional assessments considering the overwhelming supply and demand forces that impact the digital pathology industry. Based on the product, the market is segmented into hardware, software, and storage systems. Based on application, the market is sectioned into disease diagnosis, drug discovery, and others. Based on end-user, the worldwide market is fragmented into hospitals & clinics, clinical laboratories, and others.
North America digital pathology market share keeps escalating at USD 0.37 billion within the worldwide market in 2023. The growing incidence of chronic diseases, such as cardio-diabetic disorders and rising geriatric population, which is at a higher risk of creating such disorders, are anticipated to extend the demand for pathology tests.
The top operating players in the market play a vital role in the growth of the healthcare industry assuring industrial prospectus potentials and setting market standards. These players and their headquarters are: Thermo Fisher Scientific Inc. (U.S.), Hoffmann-La Roche Ltd. (Switzerland), Hamamatsu Photonics K.K. (Japan), 3DHISTECH Ltd. (Hungary), Koninklijke Philips N.V. (Netherland), Apollo Enterprise Imaging Corp (U.S.), Sectra AB (Sweden), Huron Technologies International Inc. (Canada).
In October 2023 F. Hoffmann-La Roche Ltd declared a association with Ibex and Amazon Web Administrations to upgrade the selection of AI-enabled computerized pathology arrangements. This AI-enabled arrangement makes a difference within the conclusion of breast and prostate cancer.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 16.4% from 2024-2032
Unit Value (USD billion)
Segmentation By Product
Hardware
-Scanners
-Tissue Microarrayer
-Others
Software
-Pathology Management
-Digital Microscopy Viewers
-Image Analyzers
-Others
Storage Systems
By Application
Disease Diagnosis
Drug Discovery
Others
By End-user
Hospitals & Clinics
Clinical Laboratories
Others
By Geography
North America (By Product, Application, End-user, and Country)
-U.S.
-Canada
Europe (By Product, Application, End-user, and Country/Sub-Region)
-U.K.
-Germany
-France
-Italy
-Spain
-Scandinavia
-Rest of Europe
Asia Pacific (By Product, Application, End-user, and Country/Sub-Region)
-China
-India
-Japan
-Australia
-Southeast Asia
-Rest of Asia Pacific
Latin America (By Product, Application, End-user, and Country/Sub-Region)
-Brazil
-Mexico
-Rest of Latin America
Middle East & Africa (By Product, Application, End-user, and Country/Sub-Region)
-GCC
-South Africa
Rest of Middle East & Africa