Telepathology Market Size - By Product (Scanner, Communication System, Storage System), By Application (Teleconsultation, Drug Discovery, Disease Diagnosis), By End-use (Hospitals, Academic & Research Institutes) - Global Forecast to 2032
Telepathology Market Size - By Product (Scanner, Communication System, Storage System), By Application (Teleconsultation, Drug Discovery, Disease Diagnosis), By End-use (Hospitals, Academic & Research Institutes) - Global Forecast to 2032
Global telepathology market size will expand at 12.4% CAGR from 2023-2032.
The rising experimentation and development of VR (virtual reality) and AR (augmented reality) applications for enhancing the visualization and interaction with digital pathology images to render more immersive experience for pathologists will add to the market growth. The evolution of AR and VR technologies in enhancing the capabilities of pathologists has led to enhanced diagnostic accuracy, ultimately benefiting patient care.
The overall telepathology market is bifurcated based on product, application, end-use and region.
Based on product, the industry value from communication system will register 12.8% CAGR from 2023-2032. Telepathology communication systems and technologies enable pathologists and medical professionals to remotely collaborate, share expertise, and offer timely diagnoses and consultations. Several healthcare institutions and companies are also offering specialized telepathology consultation platforms for integrating various communication and diagnostic tools to streamline the telepathology process. The influx of real-time video conferencing tools to enable pathologists and specialists to share insights and discuss cases will also prove favorable for the segment growth.
With respect to application, the telepathology market size from the drug discovery segment is slated to observe 12.3% rate up to 2032. The growth can be attributed to the rising importance of telepathology in streamlining and accelerating the drug discovery processes while facilitating efficient data sharing, collaboration as well as remote expertise utilization. The significant technology advances will further drive the adoption of telepathology in pharmaceutical R&D efforts.
Regionally, the Asia Pacific telepathology industry is expected to witness over 13% CAGR through 2032 due to the surging focus on enhancing healthcare access in remote areas. Several governments in the region are coming up with telepathology initiatives for improving access to pathology services. To cite an instance, in January 2022, the ‘Heal in India’ initiative was launched in India to boost the medical tourism growth. The evolving regulatory frameworks for telepathology services will also add to the regional market growth.