The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s digital pathology market report forecasts the digital pathology market size to grow to $1.65 Billion by 2027, with a CAGR (compound annual growth rate) of more than 13%.

Learn More On The Digital Pathology Market Report 2023 – https://www.thebusinessresearchcompany.com/report/digital-pathology-global-market-report

Digital Pathology Market Size Forecast
The global digital pathology market is expected to grow from $0.89 billion in 2022 to $0.99 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The digital pathology market size is expected to grow to $1.65 billion in 2027 at a CAGR of 13.7%.

North America held the largest digital pathology market share.

Key Digital Pathology Market Driver ­– Increase In The Prevalence Of Cancer
According to the 2021 American Cancer Society report, 1.8 million new cases of cancer diagnosed were diagnosed in 2020. There is a rise in the number of cancer cases due to the growing elderly population globally coupled with unhealthy lifestyles. Increasing incidences of cancer increases the demand for digital pathology as it makes it easier to access the image faster, view all relevant information, and help diagnose faster.

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Key Digital Pathology Market Trend – Launching Endoscopy Systems
The launch of endoscopy systems with artificial intelligence (AI) is gaining popularity in the digital pathology market. Artificial intelligence-based systems have been advanced to anatomize endoscopic images. They identify neoplasms with high accuracy and low interobserver variation. For instance, in April 2020, Olympus Corporation declared the launch of EVIS X1, an AI based endoscopy system. The new system helps derive outcomes from disorders of the stomach, colon, and esophagus, as well as from bronchial diseases, and makes work easier for endoscopist.

Digital Pathology Market Segment
1) By Product: Scanners, Software, Communication Systems, Storage Systems
2) By Type: Human Pathology, Veterinary Pathology
3) By End User: Pharmaceutical & Biotechnology Companies, Hospitals and Reference Laboratories, Academic & Research Institutes
4) By Application: Drug Discovery, Disease Diagnosis, Teleconsultation, Training & Education

Digital Pathology Market Major Players and Strategies
Major players in the digital pathology market are Leica Biosystems, Koninklijke Philips N.V., 3D-Histech Ltd., Apollo Enterprise Imaging, F. Hoffmann-La Roche Ltd., Visiopharm A/S, Hamamatsu Photonics K.K., Corista, Ventana Medical Systems, Inc., Huron Digital Pathology Inc., Indica Labs, Inc., and Olympus Corporation of the Americas, Objective Pathology Services, and XIFIN.

In October 2020, Cyted Ltd., a UK-based company providing digital diagnostic infrastructure, acquired Pathognomics Limited for an undisclosed amount. The acquisition of Pathognomics gave Cyted access to a digital pathology platform and an approved laboratory setting, allowing Cyted to quickly adapt and develop its pipeline of innovative biomarkers and artificial intelligence (AI) technology. Pathognomics Limited is a UK-based provider of digital pathology and clinical diagnostic laboratory services.

The Digital Pathology Global Market Report 2023 covers regional data on digital pathology market size, digital pathology market trends and drivers, opportunities, strategies, and digital pathology market competitor analysis. The countries covered in the digital pathology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Digital pathology is the process of use of digital imaging for pathology procedures. Digital pathology equipment converts glass slides into high-resolution digital images by utilizing slide scanner hardware, software, and services. These images can be viewed, managed, and analyzed on a computer or mobile screen.

View More Reports Related To The Digital Pathology Market –
Digital Therapeutics Global Market Report 2023
Digital X-Ray Devices Global Market Report 2023
Anatomic Pathology Equipment And Consumables Global Market Report 2023

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