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Digital Pathology Market Size Worth $1.44 Billion By 2028 | CAGR: 6.7% : Exclusive Study by Polaris Market Research

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Digital Pathology Market Size Worth $1.44 Billion By 2028 | CAGR: 6.7% : Exclusive Study by Polaris Market Research

November 30
09:14 2021
Digital Pathology Market Size Worth $1.44 Billion By 2028 | CAGR: 6.7% : Exclusive Study by Polaris Market Research
Polaris Market Research
According to a new study by Polaris Market Research. The global digital pathology market was valued at USD 877.5 million in 2020 and is expected to reach USD 1.44 billion by 2028 to grow at a CAGR of 6.7% during the forecast period

The global digital pathology market size is expected to reach USD 1.44 billion by 2028 according to a new study by Polaris Market Research. The report “Digital Pathology Market Share, Size, Trends, Industry Analysis Report, By Application (Drug Discovery & Development, Academic Research, Disease Diagnosis); By End-Use (Hospitals, Biotech & Pharma Companies, Diagnostic Labs, Academic & Research Institutes); By Product; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Advancements in micro-arrays and incorporation of predictive models using API algorithms and innovations in data analysis are expected to fuel the market growth for digital pathology. Rising preference towards computer-aided diagnosis which integrates image processing, mathematics, artificial intelligence, and machine learning to facilitate efficient disease diagnosis and helps in evaluating disease progression and risk assessment.

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 Digital Pathology Market Size

Market participants operating in the digital pathology industry include Apollo Enterprise Imaging Corp., 3DHISTECH Ltd., ContextVision AB., Danaher, Corista, Glencoe Software, Inc, Huron Digital Pathology, Hamamatsu Photonics, Inc., Indica Labs, Inspirata, Inc., Koninklijke Philips, KONFOONG BIOTECH INTERNATIONAL CO., LTD, Leica Biosystems Nussloch GmbH, Objective Pathology Services, Mikroscan Technologies, Olympus Corporation, Proscia Inc., OptraScan, Roche Ltd., Visiopharm A/S, Sectra AB, and XIFIN, Inc.

Market Insight:

International players such as Danaher, Huron Digital, and Hamamatsu Photonics held a majority of the market share of digital pathology. Companies in the marketplace are engaged in new product launches, mergers & acquisitions, and collaboration with small software data analysis companies to reap more benefits. In this direction, Danaher Corporation to increase its footprint in Asia Pacific region in August 2020, introduced Aperio GT 450 DX. 

Earlier, in September 2020, Philips helped in the digitization of histology slides at the U.S.-based Oxford University Hospitals for its pathology department. Moreover, previously in June 2018, Philips acquired Ireland-based Irish PathXL, one of the prominent players in image-based analysis. The acquisition was to integrate tools targeting different applications in image analysis, computational biology, and workflow solutions. 

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Polaris Market Research has segmented the digital pathology market report on the basis of product, end-use, application, and region:

Digital Pathology, Product Outlook (Revenue – USD Billion, 2016 – 2028)

  • Software
  • Device
  • Storage System

Digital Pathology, Application Outlook (Revenue – USD Billion, 2016 – 2028)

  • Drug Discovery & Development
  • Academic research
  • Disease Diagnosis

Digital Pathology, End-Use Outlook (Revenue – USD Billion, 2016 – 2028)

  • Hospitals
  • Biotech & pharma companies
  • Diagnostic Labs
  • Academic & research institutes

Digital Pathology Market, by Regional Outlook (Revenue – USD Billion, 2016 – 2028)

  • North America
    • U.S.
    • Canada
  • Europe
    • France
    • Germany
    • UK
    • Italy
    • Spain
    • Netherland
    • Austria
  • Asia Pacific
    • China
    • India
    • Japan
    • Malaysia
    • South Korea
    • Indonesia
  • Latin America
    • Mexico
    • Brazil
    • Argentina
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

Have Any Query Or Specific Requirement? Feel Free To Ask Our Industry Experts At : https://www.polarismarketresearch.com/industry-analysis/digital-pathology-market/speak-to-analyst

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Other Studies Relevant to this industry: https://www.polarismarketresearch.com/industry/Healthcare

 

About Polaris Market Research

 

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavour to deliver value-added business solutions to our customers.

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