Whole Slide Imaging Market Analysis and Forecast to 2031: By Type (Hardware, Software, Services), Application (Telepathology, Cytopathology, Immunohistochemistry, Hematopathology), End User (Hospital, Pharmaceutical & Biopharmaceutical Companies, Laborato

Whole Slide Imaging Market Analysis and Forecast to 2031: By Type (Hardware, Software, Services), Application (Telepathology, Cytopathology, Immunohistochemistry, Hematopathology), End User (Hospital, Pharmaceutical & Biopharmaceutical Companies, Laboratories, Academic Research Institutes), and Region

The whole slide imaging market was valued at USD 620.0 million in 2021 and it is anticipated to grow further till USD 2016.2 million by 2031, at a CAGR of 12.5% during the forecast period.

To advance and strengthen digital pathology, whole slide imaging products are utilized to help with diagnosis and pathological test findings. Hospitals, pharmaceutical firms, biotech firms, pathology labs, and testing facilities can all make use of it.

Global Whole Slide Imaging Market scope and Report StructureMarket Trends and Drivers

The imaging system used a microscope and computer in conjunction to capture a composite slide image at the initial stage of medical imaging. The system's image acquisition process took quite a while. The idea of entire slide imaging was developed in the late 1990s to get around this restriction, and technology firms used automated algorithms and fast equipment to increase the pace of image acquisition. With this technological advancement, entire slide imaging's potential applications are expanded. The College of American Pathologists (CAP), the American Society for Clinical Pathology (ASCP), and the Association for Pathology Informatics (API) worked together to update the guideline validating whole slide imaging for diagnostic purposes in pathology in May 2021 as a result of the rapid advancements in clinical applications for whole slide imaging and digital pathology. The new criteria will guarantee that patients receive a pathologic diagnosis quickly and test results of the same caliber so they can start therapy more quickly. Therefore, the expansion of the entire slide imaging market is driven by greater technological advancement.

Market Restraints and Challenges

The global whole slide imaging market is anticipated to have slow expansion due to strict regulatory framework. For instance, entire slide imaging equipment are under the highest risk category and must follow the PMA (Premarket Approval) regulatory pathway, putting patients at the greatest danger. Scanners and software made for digital pathology are regarded as medical equipment in the US and are subject to FDA regulation. Drug Enforcement Agency (USFDA).

Global Whole Slide Imaging Market Segmental Overview

The report analyses the global whole slide imaging market based on the type, application, end user, and region.

Global Whole Slide Imaging Market by Type

Based on the type, it is segmented into hardware, software, and services. The hardware segment is also sub-segmented into scanners, microscopes, and cameras. The hardware segment is anticipated to dominate the market during the forecast period. with the increase in product approvals and innovations. Whole slide imaging hardware mostly consists of components, such as microscopes with lens objectives, digital cameras for collecting images, computers, and light sources, in addition to delivering some of the most recent computational pathology solutions. The segment expansion will also be aided by the use of robotics for loading and moving the glass slides.

Global Whole Slide Imagine Market by Application

Based on the application, it is segmented into telepathology, cytopathology, immunohistochemistry, and hematopathology. The telepathology segment is anticipated to dominate the market during the forecast period. when more products are approved and new ones are developed. In order to give some of the most modern computational pathology solutions, whole slide imaging gear primarily consists of elements such as microscopes with lens objectives, digital cameras for image collection, computers, and light sources. The usage of robotics to load and move the glass slides will also help with sector expansion.

Global Whole Slide Imaging Market by End User

Based on the end user, it is segmented into hospitals, pharmaceutical & biopharmaceutical companies, laboratories, and academic research institutes. The hospitals segment is anticipated to dominate the market during the forecast period. When new goods are produced and more are approved. Whole slide imaging equipment essentially includes of components such as microscopes with lens objectives, digital cameras for image collecting, computers, and light sources in order to provide some of the most contemporary computational pathology solutions. Additionally contributing to sector expansion will be the use of robotics to load and move the glass slides.

Geographical Analysis of the Global Whole Slide Imaging Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The market is anticipated to be dominated by North America in the near future. The main factor driving the need for whole slide imaging in the area is the rising investment from the major companies in the creation of new products. Another contributing aspect to the rise of the industry in the United States is the rising amount of money provided by the American government to support healthcare. For instance, the Congressional Budget Office reported in 2021 that the National Institutes of Health (NIH) received more than USD 700 billion in public spending over the previous few decades.

Major Players in the Global Whole Slide Imaging Market

The key players studied in the report are

COVID-19 Impact

The present COVID-19 epidemic had a significant negative influence on the world economy and the regular financial operations of enterprises everywhere. However, the introduction of whole slide imaging experienced a significant boom during the crisis as a result of its widespread use for initial diagnosis and to support healthcare organisations with continuous histopathological diagnosis. Additionally, pathologists were able to work remotely across places with severe logistical challenges because to technology.

Recent Developments

• July 2022, Nikon Corporation announced the release of a new ultra-compact machine vision camera1, LuFact to help accelerate the digital transformation (DX) at manufacturing sites. LuFact is Nikon’s first machine vision camera leveraging their specialized image processing technology that has been developed across many years of digital camera innovation.
• November 2021, Royal Philips, announced new AI-enabled innovations in MR imaging launching at the Radiological Society of North America (RSNA) annual meeting. Philip’s new MR portfolio of intelligent integrated solutions is designed to speed up MR exams, streamline workflows, optimize diagnostic quality, and help ensure the efficiency and sustainability of radiology operations.
• December 2019, 3DHISTECH introduced a hardware upgrade to PANNORAMIC MIDI II, its bestselling slide for digital pathology. The new features include enhanced image qualities for fluorescence slides and the Status LED indicator to facilitate user-friendly operations.
• December 2019, Olympus Corporation, inked a co-marketing agreement with Ultivue for the former’s SLIDEVIEW VS200 slide scanner and Ultivue UltiMapper reagents to offer leading-edge fluorescent multiplexing solutions.

Frequently Asked QuestionsQ1. How big is the Whole Slide Imaging market?Ans. The global Whole Slide Imaging market size was USD 620.0 million in 2021 and is anticipated to reach USD 2016.2 million in 2031, growing at a rate of 12.5% from 2022 to 2031.Q2. What is the Whole Slide Imaging market growth rate?Ans. The growth rate of the Whole Slide Imaging market is 12.5%.Q3. Which region holds a major market share for the Whole Slide Imaging market?Ans. North America holds a major market share of the Whole Slide Imaging market in 2021.Q4. Which segment accounted for the largest Whole Slide Imaging market share?Ans. By application, the telepathology segment accounted for the largest Whole Slide Imaging market share.Q5. Who are the key players in the Whole Slide Imaging market?Ans. The global Whole Slide Imaging market report includes players such as Q6. What are the factors driving the Whole Slide Imaging market growth?Ans. The major factors driving the growth of the market are the growing healthcare market in emerging countries.Q7. What are the key growth strategies of Whole Slide Imaging market players?Ans. The key growth strategies of Whole Slide Imaging market players are product launch and product approval.Q8. Which region will provide more business opportunities for the Whole Slide Imaging market during the forecast period?Ans. The Asia-Pacific region will provide more business opportunities for the Whole Slide Imaging market during the forecast period.

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