U.S. And Europe Digital Pathology Market to Hit Around USD 1,268.89 Million by 2033
The U.S. and Europe digital pathology market size was exhibited at USD 621.42 million in 2023 and is projected to hit around USD 1,268.89 million by 2033, growing at a CAGR of 7.4% during the forecast period 2024 to 2033.
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U.S. And Europe Digital Pathology Market Key Takeaways:
In the United States, the FDA has categorized digital pathology as Class II devices suitable for primary diagnosis. The increasing efforts aimed at encouraging the utilization of digital pathology as a means to elevate disease diagnosis and advance pathology practices are paving the way for promising prospects within the market throughout the nation. For instance, in May 2021,the EU initiative known as BigPicture established a research platform dedicated to advancing digital pathology, to expedite its development. This platform securely gathers digital images of tissue samples, subsequently employed to train artificial intelligence (AI) algorithms in the interpretation of these images.
Furthermore, advancements in digital imaging, high-resolution scanners, and computational analysis tools have significantly improved the quality and speed of digitizing pathology slides. This has made it feasible to create high-resolution digital images that pathologists can review remotely, thereby driving the demand for digital pathology. Also, digital pathology facilitates collaboration among pathologists and experts across different geographical locations. This allows pathologists to easily share images, consult with peers, and seek second opinions without the limitations of physical slide transportation. Furthermore, digital pathology generates large amounts of data that can be analyzed for trends, patterns, and insights.
This data-driven approach has the potential to enhance research, identify disease correlations, and improve diagnostic accuracy. In addition, the adoption of digital pathology is driven significantly by the return on investment stemming from enhancements in clinical workflows, heightened precision, and expedited decision-making processes. This impact plays a pivotal role in propelling the acceptance of digital pathology. Furthermore, the market's substantial share in the U.S. can be attributed to the presence of organizations dedicated to fostering research in digital pathology. For instance, the Centre for Medical Image Science and Visualization (CMIV) endeavors to provide research-based solutions and create sophisticated tools and visualization applications for image analysis.
The COVID-19 pandemic had a notable impact on the digital pathology market. The need for remote work and social distancing prompted a faster adoption of digital pathology solutions. Pathologists and healthcare institutions sought ways to continue their operations while minimizing physical interactions, leading to an increased interest in digital pathology systems. Also, the pandemic emphasized the value of telepathology and remote consultations as pathologists could review cases from a distance, consult with colleagues, and offer expert opinions without the need for physical presence.
This highlighted the practicality and efficiency of digital pathology solutions. While research activities were affected by lab closures, digital pathology tools enabled pathologists to collaborate on research projects remotely. This helped maintain some level of research momentum during the pandemic. As healthcare systems worldwide faced unprecedented challenges, the advantages of digital pathology, such as quicker diagnoses and improved collaboration, gained prominence, thereby leading to an increased demand for digital pathology solutions.
U.S. And Europe Digital Pathology Market By Product Insights
In 2023, the device segment accounted for the largest market share of 52.9 %. Devices such as high-resolution scanners and imaging systems contribute to improved diagnostic accuracy by providing detailed images of tissue samples for pathologists to analyze. Also, the automation provided by devices like slide scanners and loaders streamlines the workflow in pathology laboratories, reducing manual handling and expediting the digitization process. Furthermore, devices with integrated AI capabilities, like automated image analysis, are in demand for their potential to assist pathologists in detecting abnormalities and patterns, thereby impelling market growth. The software segment is anticipated to witness the fastest growth over the forecast period. The software solutions help manage and store vast amounts of digital images efficiently, ensuring easy retrieval and archiving.
U.S. And Europe Digital Pathology Market By Application Insights
In 2023, the academic research segment accounted for the majority of the market share of 46.8%, due to the high adoption of digital pathology in various research studies, such as tumor morphological research. Numerous academic research institutions are joining forces with digital pathology providers to integrate this technology into their research endeavors. For instance, in November 2023, the University Medical Center Utrecht entered into a collaboration with Paige to integrate their application into clinical environments. This partnership also encompasses the undertaking of a clinical health economics study, designed to expedite the reimbursement process and promote the broad adoption of AI applications within the realm of pathology. The disease diagnosis segment is anticipated to grow at the fastest CAGR of 7.6% from 2024 to 2033.
U.S. And Europe Digital Pathology Market By End-use Insights
In 2023, the hospital segment accounted for the largest market share of 37.7%. Hospitals are increasingly adopting digital pathology solutions to enhance their pathology departments and provide more accurate and efficient disease diagnoses. Also, hospitals benefit from streamlined workflows as digital pathology eliminates the need for physical slide handling and automates processes like slide scanning. This reduces turnaround times and enhances efficiency. Furthermore, digital pathology promotes collaboration among hospital staff, enabling pathologists, clinicians, and other specialists to collectively review cases and make well-informed treatment decisions. Moreover, many hospitals are implementing digital scanning techniques to improve patient compliance and speed diagnosis.
U.S. And Europe Digital Pathology Market By Regional Insights
The U.S. market held the largest share of 57.3% in 2023 and is anticipated to expand further at a considerable CAGR over the forecast period. The robust healthcare infrastructure and substantial per capita healthcare spending in the United States play a pivotal role in driving the widespread adoption of sophisticated digital pathology systems. Another catalyst for market expansion is the endorsement of AI-driven tools crafted by companies specializing in AI-infused digital pathology, aimed at detecting invasive breast cancer and skin lesions. Moreover, the presence of prominent industry frontrunners within the nation nurtures market growth by fostering the creation of inventive digital pathology solutions.
Some of the prominent players in the U.S. and Europe digital pathology market include:
Segments Covered in the Report
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the U.S. and Europe digital pathology market
Product
Application
End-use
Regional
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