Digital Pathology Market - Global Industry Analysis

Digital Pathology Market By Product (Scanners, Software, Communication Systems, Storage Systems), By Type (Human Pathology, Veterinary Pathology), By Application (Drug Discovery, Disease Diagnosis, Teleconsultation, Training & Education), By End User (Pharmaceutical & Biotechnology Companies, Hospitals and Reference Laboratories, Academic & Research Institutes) and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 14-Apr-2022 Category: Pharmaceutical Report Format : PDF Pages: 177 Report Code: ZMR-1034 Status : Published

The global digital pathology market was worth around USD 725.10 million in 2021 and is estimated to grow to about USD 1,493.66 million by 2028, with a compound annual growth rate (CAGR) of approximately 12.8 percent over the forecast period.

Description

Industry Prospective:

The global digital pathology market was worth around USD 725.10 million in 2021 and is estimated to grow to about USD 1,493.66 million by 2028, with a compound annual growth rate (CAGR) of approximately 12.8 percent over the forecast period. The report analyzes the Digital Pathology market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Digital Pathology market.

Digital Pathology Market: Overview

Digital Pathology enables laboratories to provide results of tests and diagnoses via digital means and is gaining popularity as advancements in healthcare technology are taking over the healthcare infrastructure across the world.  The COVID-19 pandemic resulted in a hike of demand for Digital Pathology as they were compatible with the social distancing and lockdown norms.

Increasing technological proliferation, rapid advancements in Digital Pathology, increasing demand for quality treatment and diagnostics, increasing prevalence of deadly diseases, and rising demand for efficient laboratory testing are some major factors that propel the Digital Pathology market potential over the forecast period.

However, high costs and lack of skilled professionals will hamper the Digital Pathology market growth through 2028 and are expected to slow down the overall market.

COVID-19 Impact:

The COVID-19 pandemic led to lockdown restrictions and social distancing which limited outdoor activity to a major extent and had an adverse impact on most of life aspects and businesses as well. However, this was not the case with the Digital Pathology market which saw an increase in demand in 2020 as coronavirus infections plagued the world.

Digital pathology saw a rise in popularity amidst the COVID-19 lockdown restrictions as testing was important but conventional methods proved to be harmful and risked infections among healthcare professionals and hence propelled the demand for Digital Pathology solutions on a global scale.

As the world returns to normal the Digital Pathology market is also expected to gain potential over the post-pandemic era and we are expected to see growth at a stellar CAGR through 2028.

Digital Pathology Market: Growth Drivers

Increasing Demand for Lab Efficiency

Technological proliferation has increased in all aspects of life and even in labs, digital pathology is helping cut costs and increasing efficiency and productivity. Faster pathology results can facilitate better diagnostic and better treatment opportunities and these factors are subsequently driving the demand for the Digital Pathology market growth through the forecast period. The COVID-19 pandemic further bolstered the demand for Digital Pathology as it was deployed to contain the infection spread among healthcare professionals under lockdown restrictions.

Digital Pathology Market: Restraints

High Costs to Hinder market

Digital Pathology solutions are costly and this is a major factor that restrains the adoption of these systems in healthcare infrastructure across the globe. This factor will major drag down growth in emerging economies like India and China where spending potential is less and hence will slow down the overall growth of the Digital Pathology market over the forecast period.  Apart from this lack of trained individuals to operate these advanced systems will also have a restraining effect on the Digital Pathology market through 2028.

Global Digital Pathology Market: Segmentation

The global Digital Pathology market is segregated based on type, product type, application, end user, and region.

By Product, the market is divided into Scanners, Software, Communication Systems, and Storage Systems. The scanners segment is anticipated to emerge as the most lucrative one over the forecast period. These devices are expensive and essential in digital pathology hence their value share is high in the global Digital Pathology marketplace and this stance will be maintained over the forecast period as well.

By Application, the Digital Pathology market is segmented into Drug Discovery, Disease Diagnosis, Teleconsultation, and Training & Education. The drug discovery segment is anticipated to give a dominant outlook over the forecast period. Rising demand for drugs and increasing research and development activity across the world for new pharmaceuticals are expected to be prominent factors driving demand for this segment through 2028.  

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Recent Developments

  • In September 2021 – Visiopharm a firm based in Denmark and Agilent Technologies, Inc. based in the United States announced a collaboration to develop a AI-driven precision pathology software to advance the Digital Pathology market. This was aimed at advancing the pathlogy portfolio of both the companies.

Regional Landscape

Owing to the presence of a developed healthcare infrastructure the Digital Pathology market in North America is expected to hold a dominant outlook over the forecast period. Increasing spending on research and development activities in this region is expected to be a prominent driver through 2028. Rising support from the government, increasing adoption of technology in healthcare, favorable reimbursement policies, and increasing demand for better diagnostics and treatment are other factors that will drive the Digital Pathology market growth over the forecast period. The Unites States is anticipated to be the most lucrative country in this region through 2028.

Competitive Landscape

Some of the main competitors dominating the global Digital Pathology market include -  Leica Biosystems (US), Koninklijke Philips N.V. (Netherlands), and Hamamatsu Photonics K.K. (Japan), Roche (Switzerland), 3DHISTECH (Hungary), Apollo Enterprise Imaging (US), XIFIN (US), Huron Digital Pathology (Canada), Visiopharm A/S (Denmark), Corista (US), Indica Labs (US), Objective Pathology Services (Canada), Sectra AB (Sweden), OptraSCAN (India), Glencoe Software (US), KONFOONG BIOTECH INTERNATIONAL CO., LTD (China), Inspirata Inc. (US), Mikroscan Technologies (US), Proscia Inc. (US), and Kanteron Systems (Spain).

Global Digital Pathology market is segmented as follows:

By Product

  • Scanners
  • Software
  • Communication Systems
  • Storage Systems

By Type

  • Human Pathology
  • Veterinary Pathology

By Application

  • Drug Discovery
  • Disease Diagnosis
  • Teleconsultation
  • Training & Education

By End User

  • Pharmaceutical & Biotechnology Companies
  • Hospitals and Reference Laboratories
  • Academic & Research Institutes

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

In the pathology field, digital pathology is a new technique. The digital pathology helps to view, manage, share, and analyze the sample by converting the glass slide of the virtual microscope into digital slides on a computer. This advancement was possible partly with virtual microscopy, a technique that successfully posted the image and transmitted it through a connected network. The data-rich images form the foundation of maintaining the patients’ electronic health records and assemble the distributed data to form a central database. Thus, the increasing demand for digital pathology is expected to boost the market growth in the near future.

The digital pathology market is bifurcated into product type, technology, applications, end user, and geography. Based on product type, the market is segmented into software, scanners, storage systems, and communication systems. On the basis of technology, the digital pathology market is segmented as whole slide imaging, storage, communication and integrated platforms, and image analysis-informatics. By application, the market for digital pathology is segmented into drug discovery, teleconsultation, training and education, and disease diagnosis. Based on the end user, the market is segmented into biotechnology & pharmaceutical companies, research & academic institutes, hospitals and reference laboratories, and contract research organizations. 

Global Digital Pathology Market

By geography, North America accounted for the highest share in the global digital pathology market in 2017 and is expected to remain dominant over the forthcoming years. The growing initiative by the government and increasing prevalence of life-threatening diseases are the key factors contributing towards the high share of North America in the global digital pathology market. The Asia Pacific is expected to register high growth rate in the global digital pathology market. Growing adoption of the technologically enhanced platform for diagnosis of disease, large patient pool, and growing awareness about newer products are the key factors propelling the growth of the digital pathology market in the region. 

Some of the key players in the digital pathology market are Hamamatsu Photonics K.K., 3DHISTECH Ltd., Leica Biosystems Nussloch GmbH, Koninklijke Philips N.V., XIFIN, Inc., Huron Digital Pathology Inc., Objective Pathology Services., Visiopharm, Corista., Indica Labs, Ventana Medical Systems, Inc., Pixcelldata Ltd., Nikon Corporation, and Apollo Enterprise Imaging.

The growing demand for digital tools for diagnostics of chronic diseases is increasing competition among the key competitors operating in the market which is expected to enhance the growth of the market globally. 

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FrequentlyAsked Questions

Increasing technological proliferation, rapid advancements in Digital Pathology, increasing demand for quality treatment and diagnostics, increasing prevalence of deadly diseases, and rising demand for efficient laboratory testing are some major factors that propel the Digital Pathology market potential over the forecast period.

According to the Zion Market Research report, the global Digital Pathology market was worth about US$ 725.10 million in 2021 and is predicted to grow to around US$ 1493.66 million by 2028, with a compound annual growth rate (CAGR) of around 12.8 percent.

Owing to the presence of a developed healthcare infrastructure the Digital Pathology market in North America is expected to hold a dominant outlook over the forecast period.

Some of the main competitors dominating the global Digital Pathology market include -- Leica Biosystems (US), Koninklijke Philips N.V. (Netherlands), and Hamamatsu Photonics K.K. (Japan), Roche (Switzerland), 3DHISTECH (Hungary), Apollo Enterprise Imaging (US), XIFIN (US), Huron Digital Pathology (Canada), Visiopharm A/S (Denmark), Corista (US), Indica Labs (US), Objective Pathology Services (Canada), Sectra AB (Sweden), OptraSCAN (India), Glencoe Software (US), KONFOONG BIOTECH INTERNATIONAL CO., LTD (China), Inspirata Inc. (US), Mikroscan Technologies (US), Proscia Inc. (US), and Kanteron Systems (Spain).

 

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