The Business Research Company’s report on the Digital Pathology Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the digital pathology market’s growth in recent years?
The increasing prevalence of cancer is driving the growth of the digital pathology market. As populations age, the risk of developing cancer increases due to cellular changes and prolonged exposure to risk factors. Moreover, factors such as smoking, poor diet, lack of physical activity, and excessive alcohol consumption contribute significantly to cancer risk. Digital pathology allows patients to accelerate the diagnosis and treatment of cancer, and thus an increase in cancer cases is driving the growth of the market. For instance, in January 2024, according to the American Cancer Society, a US-based nonprofit cancer advocacy organization, the number of cancer cases increased to 2,001,140 compared to 1,958,310 in 2023, reflecting a growth of 2.19%. therefore, the increasing prevalence of cancer will propel digital pathology market going forward.
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How does the future projection of the digital pathology market size compare to its historical growth?
The digital pathology market size has grown rapidly in recent years. It will grow from $1.22 billion in 2024 to $1.43 billion in 2025 at a compound annual growth rate (CAGR) of 16.8%. The growth in the historic period can be attributed to rapid growth in the elderly population, increase in medical errors, increase in cancer prevalence, increase in chronic diseases, growth in the number of healthcare facilities, increased healthcare expenditure, public health insurance reforms, and the COVID-19 pandemic.
The digital pathology market size is expected to see rapid growth in the next few years. It will grow to $2.84 billion in 2029 at a compound annual growth rate (CAGR) of 18.7%. The growth in the forecast period can be attributed to government support, increasing adoption of digital devices, increasing prevalence of cancer and chronic diseases, aging population, and the emergence of infectious diseases. Major trends in the forecast period include leveraging artificial intelligence to improve automation, focusing on cloud technology to standardize and simplify digital pathology deployments, adopting digital imaging and video streaming technology, focusing on developing new technological solutions, focusing on partnerships to expand product portfolio and investing in research and development (R&D) activities.
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Which key players are shaping the future of the digital pathology market?
Major companies operating in the digital pathology market include Danaher Corporation, Hoffmann-La Roche Ltd, Koninklijke Philips N.V, Hamamatsu Photonics K.K, 3DHISTECH Ltd, Olympus Corporation, Nikon Corporation, Visiopharm A/S, Indica Labs Inc, Sectra AB, Grundium, Leica Biosystems, Apollo Enterprise Imaging Corp, Inspirata Inc, PathAI, Aiforia Technologies, Proscia, Ibex Medical Analytics, Better Doc, Ventana Medical Systems, Huron Digital Pathology, Synevo, Paige.ai, Morphle, Akoya, Aperio Digital Pathology, Smart in Media, MaRS, Perkin Elmer, Definiens AG, Digipath, CAE, Medical-X, C3? Holter Monitor, BIOEGYPT, Pulse
What trends will propel the growth and evolution of the digital pathology market?
Artificial intelligence (AI) is a key trend gaining popularity in the digital pathology market. AI has been used by healthcare companies to improve the automation of several operational operations. Image classification is also used by AI algorithms to detect features of human diseases such as cancer cells, as well as crop diseases including leaf coloring and decay. For instance, in January 2022, Inform Diagnostics, a US-based pathology lab, launched the Paige FullFocus digital pathology viewer in its laboratories. Adoption of the new technology allows pathologists at Inform Diagnostics to use AI tools, streamline logistics, and achieve faster turnaround times for results.
Which regions are expected to become dominant players in the digital pathology market?
North America was the largest region in the digital pathology market in 2024. Asia-Pacific was the second-largest region in the digital pathology market. The regions covered in the digital pathology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the digital pathology market, and how are they evolving?
The digital pathology market covered in this report is segmented –
1) By Product: Scanners, Software, Storage And Communication Systems
2) By Type: Human Pathology, Veterinary Pathology
3) By Application: Drug Discovery, Disease Diagnosis, Teleconsultation, Training And Education
4) By End-User: Pharmaceutical And Biotechnology Companies, Hospitals And Reference Laboratories, Academic And Research Institutes
Subsegments:
1) By Scanners: Whole Slide Scanners, Tissue Microarray Scanners, Digital Imaging Systems
2) By Software: Image Analysis Software, Workflow Management Software, Diagnostic Software
3) By Storage And Communication Systems: Data Storage Solutions, Cloud-Based Platforms, Network And Communication Systems
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How is the digital pathology market defined?
Digital pathology is the process of the use of digital imaging for pathology procedures. Digital pathology equipment converts glass slides into high-resolution digital images by utilizing slide scanner hardware, software, and services. These images can be viewed, managed, and analyzed on a computer or mobile screen.
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