Digital Pathology Market to be Worth $1.73 Billion by 2030: Grand View Research, Inc.

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May 10, 2023, 11:00 ET

SAN FRANCISCO, May 10, 2023 /PRNewswire/ -- The global digital pathology market size is expected to reach USD 1.73 billion by 2030, registering a CAGR of 7.7% according to a new report by Grand View Research, Inc. The market is anticipated to witness exponential growth owing to the rising prevalence of chronic diseases aided by increasing demand for accurate diagnostics. Chronic diseases affect around one in every three adults. Whereas, according to the CDC, in the U.S., approximately, 51.8% of adults have at least one chronic disease. Digital pathology, including molecular tissue profiling, biobanking, tissue microarray analysis, and molecular biology, plays an important role in the drug development pipeline and companion diagnostics. The growing demand for high-quality tissue samples in tissue-based biomarker research is expected to drive technology adoption over the forecast period.

Key Industry Insights & Findings from the report:

In 2022, the device segment held the largest share owing to the increased use of devices in academic research.
The disease diagnosis segment is anticipated to grow at the fastest growth rate over the forecast period due to an increasing prevalence of chronic diseases and demand for noble diagnosis techniques.
In 2022, the hospitals segment accounted for the largest revenue share due to the high incorporation of digital pathologies in healthcare settings for efficient disease diagnosis.
North America dominated the market due to the presence of well-established digital infrastructure and a number of technological advancements pertaining to the incorporation of technology in healthcare settings.

Read 150 page full market research report, "Digital Pathology Market Size, Share & Trends Analysis Report By Application (Academic Research, Disease Diagnosis), By Product (Software, Device), By End-use (Diagnostic Labs, Hospitals), And Segment Forecasts, 2023 - 2030", published by Grand View Research.

Digital Pathology Market Growth & Trends

The increasing adoption of telepathology with the launch of newer versions of the technology, such as in June 2022, Tribun Health launched TeleSlide Patho 5, an online telepathology platform used for providing clinical and timely expertise to patients. Moreover, the market is expected to see intense competition in the near future as companies adopt more stringent strategies to compete. Moreover, technological advancements, such as the digitization of pathology lab makes the specialty more efficient, the specimen more reproducible, and pathologists' work easier. In the past few years, several breakthrough advancements have provided a significant boost to the market.

For instance, in September 2021, Paige received FDA approval for Paige Prostate, an AI solution for the detection of prostate cancer. The product is the first AI-enabled pathology product to gain marketing authorization. This was further followed by the collaboration of F. Hoffmann-La Roche Ltd. with Ibex in October 2021 for the development of artificial intelligence-based pathology applications for the improvement of patient care. Furthermore, major players are adopting strategies, such as collaborations and partnerships with a focus on technological advancements, such as robotic light microscopy, digital imaging, multiple fiberoptic communications, and computerization, to enhance the adoption of digital pathology.

For instance, in December 2022, Deciphex launched Patholytix 3.0, a Digital Research Pathology Platform with an aim to revolutionize tools available for research pathologists and designed to overcome the limits of LIMS software that allows users to effectively manage associated data and samples. Furthermore, with the launch, the company also highlighted features of the new platform that impact workflow and offer simpler and more expedient report creation.

Digital Pathology Market Segmentation

Grand View Research has segmented the global digital pathology market based on product, application, end-use, and region:

Digital Pathology Market - Product Outlook (Revenue, USD Billion, 2016 - 2030)

Software
Device

Scanners
Slide Management System

Storage System

Digital Pathology Market - Application Outlook (Revenue, USD Billion, 2016 - 2030)

Drug Discovery & Development
Academic Research
Disease Diagnosis

Cancer Cell Detection
Others

Digital Pathology Market - End-use Outlook (Revenue, USD Billion, 2016 - 2030)

Hospitals
Diagnostic Labs
Biotech & Pharma Companies
Academic & Research Institutes

Digital Pathology Market - Regional Outlook (Revenue, USD Billion, 2016 - 2030)

North America

U.S.
Canada

Europe

UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway

Asia Pacific

Japan
China
India
South Korea
Australia
Thailand

Latin America

Brazil
Mexico
Argentina

Middle East & Africa

South Africa
Saudi Arabia
UAE
Kuwait

List of Key Players of Digital Pathology Market

Leica Biosystems (Danaher)
Hamamatsu Photonics, Inc.
Koninklijke Philips N.V.
Olympus Corp.
F. Hoffmann-La Roche Ltd.
Mikroscan Technologies
Inspirata, Inc.
3DHISTECH Ltd.
Visiopharm A/S
Huron Technologies International, Inc.
ContextVision AB

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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