Overview and Scope
Whole slide imaging (WSI) is a technology that involves scanning traditional glass slides with high-resolution tissue samples to create digital images. The process allows pathologists to perform the diagnostic work using a computer rather than a microscope with improved efficiency, the ability to easily share and collaborate on cases, and enhanced image analysis capabilities through digital tools.
Sizing and Forecast
The whole slide imaging market size has grown rapidly in recent years. It will grow from $0.70 billion in 2023 to $0.79 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to the increasing prevalence of cancer, growing demand for whole slide imaging, increasing adoption of digital pathology, government funding and support, and economic growth.
The whole slide imaging market size is expected to see rapid growth in the next few years. It will grow to $1.25 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to the rising prevalence of chronic diseases, increasing adoption of cloud-based solutions, increasing demand for quick results, growing popularity of virtual/digital slides, and sizable research conducted with drugs. Major trends in the forecast period include integration with artificial intelligence (AI), growth in digital pathology adoption, expansion in research and development, technological innovations, and an increase in strategic partnerships.
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Segmentation & Regional Insights
The whole slide imaging market covered in this report is segmented –
1) By Type: Hardware, Software, Services
2) By Application: Telepathology, Cytopathology, Immunohistochemistry, Hematopathology
3) By End User: Academic Institute, Research, Other End User
North America was the largest region in the whole slide imaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the whole slide imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing prevalence of cancer is expected to propel the growth of the whole slide imaging market going forward. Cancer is a broad group of diseases characterized by the uncontrolled growth and spread of abnormal cells. These abnormal cells can invade and destroy normal tissue, potentially leading to serious health issues and, if not treated, death. The prevalence of cancer is due to the obesity epidemic, inherited genetic abnormalities, hepatitis B and C viruses, and human papillomavirus (HPV). Whole slide imaging (WSI) plays a significant role in cancer diagnosis and treatment by providing detailed and accessible digital representations of tissue samples, enhancing the accuracy, efficiency, and collaboration in cancer diagnosis and treatment, ultimately contributing to better patient outcomes. For instance, in May 2024, according to the American Society of Clinical Oncology, a US-based professional organization, an estimated 20 million new cancer cases were found in 2022, and expected to reach 35 million new cases globally by 2050. Therefore, the increasing prevalence of cancer is driving the growth of the whole slide imaging market.
Key Industry Players
Major companies operating in the whole slide imaging market are General Electric Company, F. Hoffmann-La Roche AG, Koninklijke Philips N.V., Olympus Corporation, Nikon Corporation, PerkinElmer Inc., Beckman Coulter Inc., Leica Biosystems GmbH, Hamamatsu Photonics KK, Huron Technologies International, Sectra AB, PathAI, Xifin Inc., OptraSCAN, Paige.AI, Indica Labs, 3DHISTECH Ltd., Visiopharm A/S, Flagship Biosciences Inc., Proscia Inc., LigoLab Information System, Aiforia Technologies plc, Inspirata Inc., Histowiz, Mikroscan Technologies Inc., Corista LLC, Glencoe Software Inc., Definiens AG
The whole slide imaging market report table of contents includes:
1. Executive Summary
2. Whole Slide Imaging Market Characteristics
3. Whole Slide Imaging Market Trends And Strategies
4. Whole Slide Imaging Market – Macro Economic Scenario
5. Global Whole Slide Imaging Market Size and Growth
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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