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 by enhancing image analysis and diagnostics through machine-learning algorithms and whole slide scanning capabilities. Vendors are developing AI-driven software solutions to automate image analytics, decision-making, and result interpretations. Integration of digital pathology data with deep-learning algorithms is significantly advancing neural network applications in extensive digital image databases like ImageNet and The Cancer Genome Atlas (TCGA). This technological advancement is streamlining diagnostic processes and improving overall patient care. 

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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
• Type
  • Human Pathology
  • Veterinary Pathology
• Technology
  • Whole Slide Imaging (WSI)
  • Image Analysis
  • Information Management Systems
  • Telepathology
  • Others
• Delivery Mode
  • On-Premises
  • Cloud-Based
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
  • 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 advanced technologies such as Pathology Software, Whole Slide Imaging, and AI Pathology, which include Pathology Analytics, Virtual Microscopy, and Pathology Informatics. Remote Pathology and Pathology Management systems facilitate workflow efficiency, while Pathology Reporting and Integration ensure seamless communication. Pathology Cloud Storage, Scanners, and Teleconsultation offer convenience and accessibility. Pathology Laboratory operations are enhanced with Pathology Imaging Systems, AI Algorithms, and Standardization. Market trends include Automation, Quality Assurance, and Integration with Electronic Health Records. Vendors play a crucial role in driving the growth of this dynamic industry.

Market Research Overview

The Digital Pathology market is a significant segment of the larger global Life Sciences Tools and Services market. This market encompasses businesses specializing in Research and Development (R&D) of Digital Pathology solutions, including Pathology Software, Whole Slide Imaging, AI Pathology, Pathology Analytics, Virtual Microscopy, Pathology Informatics, and Digital Pathology Services. These offerings cater to the laboratory diagnosis sector, particularly in the pharmaceutical and biotechnology industries. According to Technavio, the global healthcare market, which includes the revenues of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services manufacturers, is projected to expand due to several key factors. Among these, the increasing aging population is a significant driver, with the global population over 60 years projected to grow substantially.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/