Digital Pathology Market poised to grow at a CAGR of 11.98%

Expected Revenue Growth:

According to the new market research report published by The Research Industry ”?Digital Pathology Market report by Product (Artificial Intelligence, Scanner, Software, Storage), Application (Teleconsultation, Training, Disease Diagnosis, Drug Discovery), Type (Human, Veterinary), End User (Pharma, Academia, Hospitals), Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)?–?Global Opportunity Analysis and Industry Forecast, 2022 – 2027?“, is poised to grow at a CAGR of 11.9% during the forecast period 2022 – 2026.

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An analysis of the market developments between 2017 and 2021 revealed that product/service launches & enhancements, partnerships, agreements, and acquisitions were adopted by market players to strengthen their product portfolios and maintain a competitive position in the market. Product launches were the most widely adopted growth strategies.

Major Growth Drivers:

Growing incidence of cancer, rising adoption of digital pathology to enhance lab efficiency, increasing applications of digital pathology in drug development and companion diagnostics are the major factors driving the market growth. Further, rise in the demand for accurate diagnostics, development of new digital pathology system by large number of key players, rising economic stability and awareness about the benefits of the use of computer-aided diagnostics are other factors driving the Digital Pathology market growth.

Market Opportunities:

Introduction of affordable scanners for private pathology practices, Growing demand for personalized medicine, High growth opportunities in emerging economies are the major opportunities expected to bolster the Digital Pathology market in the near future.

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Scanners Segment is expected to have the largest market share during the forecast period (2022 – 2027)

Digital Pathology Market in our report by Products has been categorized by Scanners, Software and Storage Systems. Among them, Scanners Segment is expected to have the largest market share during the forecast period.

North America Region is expected to dominate the market during the forecast period (2022 – 2026)

Digital Pathology Market in our report by Region has been segmented into North America, South America, Asia Pacific, Europe, Middle East & Africa.

Growing prevalence of cancer, introduction of favorable reimbursement policies, rising demand for quality diagnostics, the implementation of favorable initiatives by the governments in the US and Canada are major factors driving the growth of the digital pathology market in North America

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Key Market Players

Some of the key players in the Digital Pathology market are Leica Biosystems (US), Koninklijke Philips N.V. (Netherlands), Hamamatsu Photonics (Japan), F. Hoffmann-La Roche Ltd. (Switzerland), 3DHISTECH (Hungary), Apollo Enterprise Imaging (US), XIFIN, Inc. (US), Huron Digital Pathology (Canada), Visiopharm A/S (Denmark), Aiforia Technologies Oy (Finland), Akoya Biosciences (US), Corista (US), Indica Labs (US), Objective Pathology Services (Canada), Sectra AB (Sweden), OptraSCAN (US), Glencoe Software (US), KONFOONG BIOTECH INTERNATIONAL CO., LTD. (China), Inspirata, Inc. (US), PathAI (US), Proscia Inc. (US), Kanteron Systems (Spain), Mikroscan Technologies (US), Motic (US), and Paige (US)., among others domestic and global players, among others domestic and global players.

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