Latest News- Digital Pathology Market: Digital slide scanner is expected to lead the Product segment during 2024-2028

The Digital Pathology Market is being driven by Growing adoption of IoT infrastructure among laboratories

The Digital Pathology Market is expected to grow at a CAGR of 16.98% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1124.2 million. In the digital pathology market, artificial intelligence (AI) is revolutionizing clinical workflows, particularly in image analysis and machine-learning algorithms. Vendors are developing AI-driven software solutions to automate image analytics, decision-making, and result interpretations. The integration of whole slide scanning capabilities with AI and deep-learning algorithms enhances diagnostic accuracy and efficiency. Notably, the application of these advanced technologies in large digital image datasets like ImageNet and The Cancer Genome Atlas (TCGA) has significantly advanced the use of artificial neural networks. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Digital slide scanner
  • Software
• Application
  • Hospitals and laboratories
  • Independent and small clinics
  • Research centers
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Asia
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing adoption of IoT infrastructure among laboratories
• Increasing demand for high productivity and reduced turnaround time among end-users
• Significant adoption of digital pathology in education and training

However, the market also witnesses some limitations, which are as follows:

• Issues regarding privacy and safety of a digital database
• Integration of digital pathology system in the existing infrastructure of end-users
• High cost associated with digital pathology systems

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Market Scope in Digital Pathology Market Research Report

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Research Analysis Overview

The Digital Pathology market encompasses various technologies and solutions, including Pathology Software, Whole Slide Imaging, Telepathology, AI Pathology, Pathology Analytics, Virtual Microscopy, and Remote Pathology. Pathology Informatics, Pathology Workflow, Pathology Reporting, and Pathology Integration are essential components of Pathology Management. Pathology Cloud Storage facilitates access to Pathology Laboratory data. Pathology Market Trends favor Pathology Imaging Systems, Scanners, and Teleconsultation, driven by AI Algorithms, Pathology Quality Assurance, Standardization, and Automation. Pathology Software Vendors provide these solutions to meet the evolving needs of the industry.

Market Research Overview

The Digital Pathology market is a significant segment of the larger global Life Sciences Tools and Services market, encompassing companies specializing in Pathology Software, Whole Slide Imaging, Telepathology, AI Pathology, Pathology Analytics, Virtual Microscopy, and Pathology Informatics solutions. These technologies are integral to the research and development (R&D) process in pharmaceuticals and biotechnology, as well as laboratory diagnosis of various diseases. According to Technavio, the global healthcare market, which includes the revenue generated by manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services, is expected to experience growth due to several factors, including the increasing global population aging, leading to a significant increase in the proportion of individuals over 60 years old.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/