The global digital pathology market size is expected to reach USD 1.73 billion by 2030, registering a CAGR of 8.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is anticipated to witness exponential growth owing to rising prevalence of chronic diseases aided by increasing demand for accurate diagnostics. Chronic diseases affect nearly 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. Growing demand for high-quality tissue samples in tissue-based biomarker research is expected to drive technology adoption over the forecast period.
Digital Pathology Market Report Highlights
- Based on product, The device segment held the largest share of 51.72% in 2023 and is anticipated to grow at a lucrative growth rate during the projected period. The device segment includes a slide management system and scanner. The segment growth is attributed to the increasing adoption of digital pathology in academic research activities with enhanced resolution
- Based on application, Disease diagnosis is anticipated to witness the fastest growth rate from 2024 to 2030 due to an increasing prevalence of chronic diseases and demand for noble diagnosis techniques
- In terms of end-use, The hospitals segment dominated the market in 2023 with a share of 36.7% due to the growing incorporation of digital pathologies in healthcare settings for efficient disease diagnosis
- North America dominated overall market in 2023 with a share of 40.7%, due to the presence of well-established digital infrastructure and several technological advancements pertaining to the incorporation of technology in healthcare settings
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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 past few years, several breakthrough advancements have provided a significant boost to market growth.
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 like collaborations and partnerships with a focus on technological advancements, such as robotic light microscopy, digital imaging, multiple fiber optic 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.
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We have segmented the global digital pathology market based on product, type, application, end-use, and region.
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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Artificial intelligence in medical imaging market can be described as the diagnostic procedure that involves the creation of visual aids and image representations of the human body, and involves the monitoring of performance and functioning of the organs of the human body.
With the integration of artificial intelligence (AI) in healthcare and medical imaging, there is a change in the way the diagnostics and the entire procedure is carried out.
Artificial intelligence mainly consists of two types, robots and machine learning.
Whereas, robots are engaged in the assistance of patients, doctors and operators in the visualization and diagnostic procedures.Artificial intelligence in medical imaging market is expected to gain market growth in the forecast period of 2021 to 2028.
Increased numbers of diagnostic procedures drives the artificial intelligence in medical imaging market.Artificial intelligence in medical imaging market report also reviews top market players, major collaborations, mergers and acquisitions along with trending innovation and business policies.
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There are many startups looking for ways to make healthcare more affordable and accessible to everyone, but how does this affect small businesses?
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With the integration of artificial intelligence (AI) in healthcare and medical imaging, there is a change in the way the diagnostics and the entire procedure is carried out.
The AI assists the surgeons in carrying out the image capturing process and how to diagnose these images for the conclusion and personalized treatment in respect to every individual and patient.
Artificial intelligence mainly consists of two types, robots and machine learning.
Whereas, robots are engaged in the assistance of patients, doctors and operators in the visualization and diagnostic procedures.Rising ability and achievement of personalized treatment, improved procedures and treatment of the patients is the vital factor escalating the market growth, also rise in the number of diagnostic procedures, increasing prevalence of diseases, rising favorable reimbursement policies, rising presence of key players and the favorable government regulations, rising rapidly evolving healthcare infrastructure in Asian countries such as China, Indonesia, and India and growing prevalence of various lifestyle associated chronic diseases such as cancer and cardiovascular conditions are the major factors among others driving the artificial intelligence in medical imaging market.Artificial intelligence in medical imaging market is expected to gain market growth in the forecast period of 2021 to 2028.
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