Digital Pathology Market
PUBLISHED: 2022 ID: SMRC21381
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Digital Pathology Market

Digital Pathology Market Forecasts to 2028 – Global Analysis By Type (Veterinary Pathology, Human Pathology), Product (Software, Services), Deployement, End User, and By Geography

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4.2 (100 reviews)
Published: 2022 ID: SMRC21381

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2021)

US $761.59 MN

Projected Year Value (2028)

US $2050.63 MN

CAGR (2021 - 2028)

15.2%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Digital Pathology Market is accounted for $761.59 million in 2021 and is expected to reach $2050.63 million by 2028 growing at a CAGR of 15.2% during the forecast period. Digital pathology is a computer-enabled, image-based information platform that helps in the management of information generated from digital slides. Digital pathology will facilitate cutting back human error yet manufacturing precise diagnostic leads to a short turnaround. The processes concerned in digital pathology enable to hurry up routine tasks while not reducing the standard of the execution of every task.



Market Dynamics:

Driver:

Technological advancements


Technological advancements in digital pathology help to overcome limitations as these systems provide efficient and effective results for diagnostic tests. Manual interpretation of tissue slides for disease diagnosis purposes is costly and labor extensive that increases error and inconsistency in the diagnostic result and increases the risk of diagnostic failure and impedes the decision-making process. Digital pathology systems can analyze a large array of slides within a short duration without any diagnostic error.

Restraint:

High cost of digital pathology systems


The high cost associated with technologically advanced digital pathology systems is expected to restrain the growth of the digital pathology market. The average cost of the digital pathology systems for telepathology and whole slide imaging can be unaffordable for many low-resource environments in developing countries. Moreover, the digital pathology systems require costly infrastructure such as larger memory to store data, thereby restricting the usage of digital pathology systems this is leading to restraining the growth of the market.

Opportunity:

Introduction of affordable scanners


The development of affordable scanners is expected to offer growth opportunities for players operating in the digital pathology market. Most private medical practices are small businesses and cannot afford expensive digital pathology systems. The introduction of affordable scanners and the propensity of small players to move towards digitization of pathology workflow will encourage its adoption among pathologists with low or limited budgets.

Threat:

Shortage of trained pathologists


Pathologists play a crucial role in performing laboratory tests essential for disease diagnosis. However, there is a gap between the supply and demand of pathologists worldwide. Digital pathology enables medical practitioners to remotely share important information with pathologists beyond geographical boundaries securely and timely. Moreover, advanced technologies, such as AI and machine learning, help pathologists identify diseases faster and help improve their efficacy and efficiency. Thus, the alarming shortage of pathologists is expected to result in the increased utilization of digital pathology for providing remote pathological consultation and services.

The human pathology segment is expected to be the largest during the forecast period

The human pathology segment is estimated to have a lucrative growth owing to the increasing number of cancer research activities and growing collaborations among research institutes, universities, and pathology laboratories. With particular support for education, tissue-based research, drug development, and the profession of human pathology across the world, digital pathology is quickly gaining traction as a proven and important technology.

The pharmaceutical & biotechnology companies segment is expected to have the highest CAGR during the forecast period

The pharmaceutical & biotechnology companies segment is anticipated to witness the fastest CAGR growth during the forecast period due to the increasing use of digital pathology for drug discovery studies and drug toxicology testing, the rise in the prevalence of cancer, and the high demand for better treatment options. Biotechnology companies also use digital pathology for biobanking, biopharmaceutical studies, molecular assays, and the development of individualized medicine.

Region with highest share:

North America is projected to hold the largest market share during the forecast period due to the rise in the number of various types of cancer cases, increasing demand for quality diagnostics, the introduction of favorable reimbursement policies, the presence of key players, and the implementation of favorable initiatives by the governments in the US and Canada.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period owing to the rising penetration of digital imaging in emerging economies, investments in the medical field, and the presence of untapped opportunities. The presence of a large target patient population and booming healthcare industry is encouraging the growth of the regional market.



Key players in the market

Some of the key players profiled in the Digital Pathology Market include XIFIN, Inc., Visiopharm A/S, Sectra AB, PathAI, OptraSCAN, Akoya Biosciences, Leica Biosystems, Koninklijke Philips N.V., Inspirata, Inc., Indica Labs, Huron Digital Pathology, Apollo Enterprise Imaging, Glencoe Software, F. Hoffmann-La Roche Ltd., Corista, Hamamatsu Photonics, Aiforia Technologies Oy, 3DHISTECH and Objective Pathology Services.

Key Developments:

In September 2021, Visiopharm A/S collaborated with Agilent Technologies, Inc. (US) to co-market Visiopharm’s portfolio of CE-IVD marked AI-driven Precision Pathology software and Agilent’s automated pathology staining solutions portfolio.

In May 2021, Sectra AB signed an agreement with Institut Curie which allows the digitization of pathology at Institut Curie. The pathologists in Institut Curie can access cases, digital tools, and AI applications through the Sectra pathology solution.

Types Covered:
• Veterinary Pathology
• Human Pathology
 
Products Covered:

• Software
• Storage & Communication Systems
• Services
• Equipment
 
Deployments Covered:
• On-premise
• Cloud-based
 
Applications Covered:
• Basic & Applied Research
• Automated Hematology Analyzers & Blood Cell Counters
• Training & Education
• Urine Sediment Analysis
• Medical Microbiology
• Intraoperative Consultation
• Teleconsultation
• Routine Diagnostic Consultation Services
• Histopathology
• Mhealth (Mobile Health) 
• Drug Discovery & Development
• Clinical Pathology
• Molecular Diagnostics
• Fish Enumeration Systems
• Disease Diagnosis (Cancer Cell Detection)
• Chemical Pathology
 
End Users Covered:
• Hospitals and Reference Laboratories
• Pharmaceutical & Biotechnology Companies
• Clinics
• Academic & Research Institutes
• Contract Research Organizations (CROs)
• Forensic Laboratories
• Geology
 
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary            
              
2 Preface        
     
 2.1 Abstract            
 2.2 Stake Holders           
 2.3 Research Scope           
 2.4 Research Methodology          
  2.4.1 Data Mining          
  2.4.2 Data Analysis          
  2.4.3 Data Validation          
  2.4.4 Research Approach          
 2.5 Research Sources           
  2.5.1 Primary Research Sources         
  2.5.2 Secondary Research Sources         
  2.5.3 Assumptions           
              
3 Market Trend Analysis           
 3.1 Introduction           
 3.2 Drivers            
 3.3 Restraints           
 3.4 Opportunities           
 3.5 Threats            
 3.6 Product Analysis           
 3.7 Application Analysis           
 3.8 End User Analysis           
 3.9 Emerging Markets           
 3.10 Impact of Covid-19           
              
4 Porters Five Force Analysis           

 4.1 Bargaining power of suppliers          
 4.2 Bargaining power of buyers           
 4.3 Threat of substitutes          
 4.4 Threat of new entrants          
 4.5 Competitive rivalry           
              
5 Global Digital Pathology Market, By Type         
 5.1 Introduction           
 5.2 Veterinary Pathology          
 5.3 Human Pathology           
              
6 Global Digital Pathology Market, By Product         
 6.1 Introduction           
 6.2 Software            
  6.2.1 Standalone Software         
   6.2.1.1 Image Viewing and Analysis Softwares       
   6.2.1.2 Information Management Software       
  6.2.2 Integrated Software         
 6.3 Storage & Communication Systems         
 6.4 Services            
  6.4.1 Maintenance and Validation Services        
  6.4.2 Installation and Integration Services        
  6.4.3 Consulting Services          
 6.5 Equipment           
  6.5.1 Histology equipment         
  6.5.2 Whole Slide Scanners         
   6.5.2.1 Brightfield         
   6.5.2.2 Fluorescence         
   6.5.2.3 Combination           
  6.5.3 Clinical Microscope          
   6.5.3.1 Digital Holography         
   6.5.3.2 Digital Cytopathology        
  6.5.4 Telepathology          
   6.5.4.1 Dynamic          
   6.5.4.2 Static          
  6.5.5 Tissue Microarrays          
              
7 Global Digital Pathology Market, By Deployment         
 7.1 Introduction           
 7.2 On-premise           
 7.3 Cloud-based           
              
8 Global Digital Pathology Market, By Application         
 8.1 Introduction            
 8.2 Basic & Applied Research          
 8.3 Automated Hematology Analyzers & Blood Cell Counters       
 8.4 Training & Education          
 8.5 Urine Sediment Analysis          
 8.6 Medical Microbiology          
 8.7 Intraoperative Consultation          
 8.8 Teleconsultation           
 8.9 Routine Diagnostic Consultation Services        
 8.10 Histopathology           
 8.11 Mhealth (Mobile Health)           
 8.12 Drug Discovery & Development         
 8.13 Clinical Pathology            
 8.14 Molecular Diagnostics          
 8.15 Fish Enumeration Systems          
 8.16 Disease Diagnosis (Cancer Cell Detection)        
 8.17 Chemical Pathology           
              
9 Global Digital Pathology Market, By End User          
 9.1 Introduction           
 9.2 Hospitals and Reference Laboratories         
  9.2.1 >500 Beds          
  9.2.2 200-500 Beds          
  9.2.3 <200 Beds          
 9.3 Pharmaceutical & Biotechnology Companies        
 9.4 Clinics            
 9.5 Academic & Research Institutes         
 9.6 Contract Research Organizations (CROs)         
 9.7 Forensic Laboratories          
  9.7.1 Public Laboratories          
  9.7.2 Private Laboratories         
 9.8 Geology            
              
10 Global Digital Pathology Market, By Geography         
 10.1 Introduction           
 10.2 North America           
  10.2.1 US           
  10.2.2 Canada           
  10.2.3 Mexico           
 10.3 Europe            
  10.3.1 Germany            
  10.3.2 UK           
  10.3.3 Italy           
  10.3.4 France           
  10.3.5 Spain           
  10.3.6 Rest of Europe          
 10.4 Asia Pacific           
  10.4.1 Japan           
  10.4.2 China           
  10.4.3 India           
  10.4.4 Australia           
  10.4.5 New Zealand          
  10.4.6 South Korea          
  10.4.7 Rest of Asia Pacific          
 10.5 South America           
  10.5.1 Argentina          
  10.5.2 Brazil           
  10.5.3 Chile           
  10.5.4 Rest of South America         
 10.6 Middle East & Africa          
  10.6.1 Saudi Arabia          
  10.6.2 UAE           
  10.6.3 Qatar           
  10.6.4 South Africa          
  10.6.5 Rest of Middle East & Africa         
              
11 Key Developments            

 11.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 11.2 Acquisitions & Mergers          
 11.3 New Product Launch          
 11.4 Expansions           
 11.5 Other Key Strategies          
               
12 Company Profiling            
 12.1 XIFIN, Inc.            
 12.2 Visiopharm A/S            
 12.3 Sectra AB            
 12.4 PathAI             
 12.5 OptraSCAN           
 12.6 Akoya Biosciences            
 12.7 Leica Biosystems            
 12.8 Koninklijke Philips N.V.           
 12.9 Inspirata, Inc.            
 12.10 Indica Labs            
 12.11 Huron Digital Pathology           
 12.12 Apollo Enterprise Imaging           
 12.13 Glencoe Software            
 12.14 F. Hoffmann-La Roche Ltd. (Switzerland)         
 12.15 Corista             
 12.16 Hamamatsu Photonics           
 12.17 Aiforia Technologies Oy           
 12.18 3DHISTECH            
 12.19 Objective Pathology Services           


List of Tables             
1 Global Digital Pathology Market Outlook, By Region (2020-2028) ($MN)       
2 Global Digital Pathology Market Outlook, By Type (2020-2028) ($MN)       
3 Global Digital Pathology Market Outlook, By Veterinary Pathology (2020-2028) ($MN)     
4 Global Digital Pathology Market Outlook, By Human Pathology (2020-2028) ($MN)      
5 Global Digital Pathology Market Outlook, By Product (2020-2028) ($MN)       
6 Global Digital Pathology Market Outlook, By Software (2020-2028) ($MN)       
7 Global Digital Pathology Market Outlook, By Standalone Software (2020-2028) ($MN)     
8 Global Digital Pathology Market Outlook, By Integrated Software (2020-2028) ($MN)     
9 Global Digital Pathology Market Outlook, By Storage & Communication Systems (2020-2028) ($MN)    
10 Global Digital Pathology Market Outlook, By Services (2020-2028) ($MN)       
11 Global Digital Pathology Market Outlook, By Maintenance and Validation Services (2020-2028) ($MN)    
12 Global Digital Pathology Market Outlook, By Installation and Integration Services (2020-2028) ($MN)    
13 Global Digital Pathology Market Outlook, By Consulting Services (2020-2028) ($MN)     
14 Global Digital Pathology Market Outlook, By Equipment (2020-2028) ($MN)      
15 Global Digital Pathology Market Outlook, By Histology equipment (2020-2028) ($MN)     
16 Global Digital Pathology Market Outlook, By Whole Slide Scanners (2020-2028) ($MN)     
17 Global Digital Pathology Market Outlook, By Clinical Microscope (2020-2028) ($MN)      
18 Global Digital Pathology Market Outlook, By Telepathology (2020-2028) ($MN)      
19 Global Digital Pathology Market Outlook, By Tissue Microarrays (2020-2028) ($MN)      
20 Global Digital Pathology Market Outlook, By Deployment (2020-2028) ($MN)      
21 Global Digital Pathology Market Outlook, By On-premise (2020-2028) ($MN)      
22 Global Digital Pathology Market Outlook, By Cloud-based (2020-2028) ($MN)      
23 Global Digital Pathology Market Outlook, By Application (2020-2028) ($MN)       
24 Global Digital Pathology Market Outlook, By Basic & Applied Research (2020-2028) ($MN)     
25 Global Digital Pathology Market Outlook, By Automated Hematology Analyzers & Blood Cell Counters (2020-2028) ($MN)  
26 Global Digital Pathology Market Outlook, By Training & Education (2020-2028) ($MN)     
27 Global Digital Pathology Market Outlook, By Urine Sediment Analysis (2020-2028) ($MN)     
28 Global Digital Pathology Market Outlook, By Medical Microbiology (2020-2028) ($MN)     
29 Global Digital Pathology Market Outlook, By Intraoperative Consultation (2020-2028) ($MN)     
30 Global Digital Pathology Market Outlook, By Teleconsultation (2020-2028) ($MN)      
31 Global Digital Pathology Market Outlook, By Routine Diagnostic Consultation Services (2020-2028) ($MN)   
32 Global Digital Pathology Market Outlook, By Histopathology (2020-2028) ($MN)      
33 Global Digital Pathology Market Outlook, By Mhealth (Mobile Health) (2020-2028) ($MN)     
34 Global Digital Pathology Market Outlook, By Drug Discovery & Development (2020-2028) ($MN)    
35 Global Digital Pathology Market Outlook, By Clinical Pathology (2020-2028) ($MN)      
36 Global Digital Pathology Market Outlook, By Molecular Diagnostics (2020-2028) ($MN)     
37 Global Digital Pathology Market Outlook, By Fish Enumeration Systems (2020-2028) ($MN)     
38 Global Digital Pathology Market Outlook, By Disease Diagnosis (Cancer Cell Detection) (2020-2028) ($MN)   
39 Global Digital Pathology Market Outlook, By Chemical Pathology (2020-2028) ($MN)     
40 Global Digital Pathology Market Outlook, By End User (2020-2028) ($MN)       
41 Global Digital Pathology Market Outlook, By Hospitals and Reference Laboratories (2020-2028) ($MN)    
42 Global Digital Pathology Market Outlook, By >500 Beds (2020-2028) ($MN)      
43 Global Digital Pathology Market Outlook, By 200-500 Beds (2020-2028) ($MN)      
44 Global Digital Pathology Market Outlook, By <200 Beds (2020-2028) ($MN)      
45 Global Digital Pathology Market Outlook, By Pharmaceutical & Biotechnology Companies (2020-2028) ($MN)   
46 Global Digital Pathology Market Outlook, By Clinics (2020-2028) ($MN)       
47 Global Digital Pathology Market Outlook, By Academic & Research Institutes (2020-2028) ($MN)    
48 Global Digital Pathology Market Outlook, By Contract Research Organizations (CROs) (2020-2028) ($MN)    
49 Global Digital Pathology Market Outlook, By Forensic Laboratories (2020-2028) ($MN)     
50 Global Digital Pathology Market Outlook, By Public Laboratories (2020-2028) ($MN)      
51 Global Digital Pathology Market Outlook, By Private Laboratories (2020-2028) ($MN)     
52 Global Digital Pathology Market Outlook, By Geology (2020-2028) ($MN)       
              
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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