According to QY Research Medical, the digital pathology market was reached at $735.75 million in 2020, and it is expected to hit $1791.30 million by 2030, registering a CAGR of 9.6% from 2021 to 2030.
According to QY Research Medical, the digital pathology market was reached at $735.75 million in 2020, and it is expected to hit $1791.30 million by 2030, registering a CAGR of 9.6% from 2021 to 2030.
Digital pathology is a computer-enabled, image-based information platform that helps for the management of information generated from digital slides. Digital pathology technology can aid a research pipeline in two ways. The first one is that the specified file storage and viewing applications may be used to arrange macroscopic images, tissue microarrays, and entire slide images. The second application of digital pathology in research is the development and implementation of image analysis techniques.
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Growth of the global digital pathology market is majorly driven by increase in prevalence of cancer; rise in the demand for accurate diagnostics, and development of new digital pathology system by large number of key players. According to report published by Medscape, chronic diseases can be associated to the higher mortality rate. The fundamental cause for the development of advanced diagnostic solutions is the rise prevalence of cardiovascular disorders.. Thus, as the prevalence of chronic and cardiovascular diseases rises, the need for digital pathology systems increases driving the growth of the digital pathology market.
Rise in geriatric population and rapid technological advancements in digital pathology systems are the factors that fuel the growth of the digital pathology market. According to the National Cancer Statistics in 2020, around 1,806,590 new cases of cancer in the U.S. Therefore, the growing number of cancer cases can be attributed to the rapid increase in geriatric population which is more prone to cardiac disorders. This is anticipated to boost the growth of the market. In addition, in February 2019, Neuberg Diagnostics and OptraSCAN Inc., announced the launch of Global TELEPath Network for the pathologist community in UAE, India and South Africa under new joint venture namely Neuberg DIGIPATH. Therefore, development of new technologies in digital pathology system has led to increase the growth of the market.
Scope of the Report
| Report Coverage | Details |
| Market Size in 2020 | $735.75 Million |
| Revenue Forecast by 2030 | $1791.30 Million |
| CAGR | 9.6% from 2021 to 2030 |
| Base Year | 2021 |
| Forecast Data | 2022 to 2030 |
Impact of COVID-19 Pandemic on Digital Pathology Market-
The COVID-19 outbreak is anticipated to have a positive impact to fuel the growth of the global digital pathology market. The Center for Devices and Radiological Health of the U.S. FDA released an enforcement policy for remote digital pathology devices, which are intended for pathologists, clinical laboratories, and drug administration staff. Thus, rise in cases of chronic diseases has increased the usage of digital pathology systems for diagnosis, which is anticipated to drive the digital pathology market during the forecast period.
Thus, new innovations by key players and rise in number of product approvals propel the growth of the market. However, high cost associated with digital pathology systems is expected to hinder the market growth during the forecast period.
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Digital Pathology Market Segmentation
The digital pathology market is segmented into type, application, end user, and region. On the basis of type, the market is categorized into scanners, software, and storage & communication systems.
On the basis of application, it is divided into teleconsultation, disease diagnosis, drug discovery, and training & education. On the basis of end user, it is categorized into educational, clinical, and pharma& biotech companies.
On the basis of region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
Segment Review
On the basis of type, the scanners segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to increase in R&D activities in the pharmaceutical & medical device industry, rise in demand for diagnosis of diseases, and surge in adoption of digital pathology systems. However, the disease software segment is expected to witness considerable growth during the forecast period, owing to increase in number of cancer cases and growth in number of key players for development of digital pathology systems in the medical device industry.
On the basis of application, the disease diagnosis segment was the major contributor in 2020, and is expected to maintain its lead during the forecast period, owing to increase in number of chronic diseases, rise in the number of cardiac disorders, and increase in demand for digital pathology systems for disease diagnosis. However, the drug discovery is expected to witness considerable growth during the forecast period due to increase in number of cancer cases, rise in use of digital pathology systems, and development of new digital pathology systems in the clinical laboratories.
On the basis of end user, the pharma& biotech companies segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to large number key players offering digital pathology systems, increase in demand for educational practices, development of novel & innovative pathology systems, and advancement in R&D activities. However, the clinical segment is expected to witness considerable growth during the forecast period, owing to increase in cardiovascular diseases, and surge in usage of digital pathology system to determine the efficacy of treatment.
North America dominated the digital pathology market in 2020, and is expected to continue to dominate during the forecast period, owing to rise in number of various types of cancer cases, presence of key players, development of the healthcare sector, and presence of new innovative digital pathology systems in the region. However, Asia-Pacific is expected to register the highest CAGR of 10.6 % from 2021 to 2030, owing to increase in prevalence of chronic diseases, and development of healthcare infrastructure.
The key players that operate in the global digital pathology market include 3DHISTECH LTD, Danaher Corporation, Glencoe Software Inc., HAMAMTSU Photonics K.K, Indica Labs Inc., Koninklijke Philips N.V, Nikon Corporation, Perkinelmer Inc., Roche, and VisoPharma A/S.
Key Benefits for Stakeholders
- The study provides an in-depth analysis of the digital pathology market, and the current trends & future estimations to elucidate imminent investment pockets.
- It presents a quantitative analysis of the market from 2021 to 2030 to enable stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.
- Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
Key Market Segments
- BY PRODUCT
- Scanners
- Software
- Storage and Communication Systems
- BY APPLICATION
- Teleconsultation
- Disease Diagnosis
- Drug Discovery
- Training & Education
- BY END USER
- Educational
- Clinical
- Pharma& Biotech Companies
- BY REGION
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
- North America
Key Market Players
- 3DHISTECH LTD.
- DANAHER CORPORATION (LEICA MICROSYSTEM)
- GLENCOE SOFTWARE, INC.
- HAMAMATSU PHOTONICS K.K.
- INDICA LABS INC.
- KONINKLIJKE PHILIPS N.V.
- NIKON CORPORATION
- PERKINELMER INC.
- F- HOFFMANN LA-ROCHE (ROCHE)
- VISIOPHARM A/S
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About Us
QYResearch Medical, focuses on custom research, management consulting, IPO consulting, industry chain research, and data base & seminar services. The company owns large basic databases (such as National Bureau of Statistics Database, Customs Import and Export Database, Industry Association Database, etc.), expert resources (including industry experts who own more than 10 years experiences on marketing or R&D in industries of healthcare services, medical technology & devices, etc.), professional survey team (the team members obtained more than 3 years market survey experience and more than 2 years deep expert interview experience), and excellent data analysis team (SPSS statistics and PPT graphics process team).
QYResearch Medical has more than 4000 global well-known customers, covering more than 30 industries including pharmaceuticals, medical technology & devices, healthcare services etc. Company services cover one-stop solution as Data-Analysis-Suggestion-Consulting Implementation. Research regions cover China, US, EU, Asia, Middle East and Africa, South America, Australia, and other regions in the world.
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