Is COVID-19 Impacting the Growth of the Digital Pathology Market Positively?

Sep 27, 2021

According to the latest Arizton's market research report, the digital pathology systems market size to reach USD 1277.64 million by 2026, growing at a CAGR of 10.43% during the forecast period.

Global Digital Pathology Systems Market Growth

Digital pathology is referred to as a revolutionary and cutting-edge technology. The adoption of AI and automation in the process is minimizing the requirement of human labor to manage digital pathology devices and the interface. The usage of cloud storage services is booming in the digital pathology systems market. The growth of the software segment in digital pathology systems is serving as another boost for the storage segment. The major growth enabler for the market is the use of digital pathology in clinical trials and clinical research. FDA suggested using remote digital pathology devices during the pandemic. There are many vendors providing AI-based algorithms for digital pathology. Proscia, Paige, PathAI, and Indica Labs are amongst the leading vendors in AI-based pathology solutions.

Facts to Know!

  • Most vendors are focusing on increasing the use of digital pathology solutions in pathology and diagnostic labs owing to the growing demand across all regions.
  • Canada became one of the first hospitals to implement digital pathology solutions for disease diagnosis.
  • The use of digital pathology solutions is majorly seen in the academic research & teaching segment. The global digital pathology market by academic research & teaching is expected to reach USD 599.14 million by 2026.
  • The hardware segment acquired a 61.60% market share of the global digital pathology market in 2020.

Get your sample today!

Key Offerings:

  • Market Size & Forecast by Revenue | 2020−2026
  • Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
  • Segmentation – A detailed analysis by application, component type, end-user, and geography
  • Competitive Landscape – 7 Key Company Profiles and 17 Other Prominent Vendors

Global Digital Pathology Systems Market – Geographical Analysis

The growth of the digital pathology market in the North American region is attributed to the shift toward the digitalization of healthcare. North America holds a leading position based on revenue and share in the global digital pathology market. The COVID-19 pandemic has helped create a necessity for digital pathology solutions to improve patient-pathologist relationships. This is expected to fuel the growth of the digital pathology market in North America. The US acquired a 90.20% market share of the digital pathology system market in North America. The increase in investment in drug discovery & development is fueling the clinical research market. This, in turn, is expected to boost growth in the digital pathology market across the region during the forecast period.

Strategies Adopted by the Players in the Global Digital Pathology Systems Market

Being an emerging market, digital pathology is highly competitive and is expected to grow even more competitive during the forecast period. The digital pathology systems market is dominated by four players such as Philips, Leica Biosystems, Hamamatsu Photonics, and Roche. Roche is one of the leaders in the pharmaceuticals market. It is rapidly expanding its product portfolio in digital pathology, which is expected to give tough competition to the Philips IntelliSite Pathology Solution. The key vendors are already developing product innovation, which is providing them with leading shares in the digital pathology market. AI integration solution is intensifying the competition among the players in the digital pathology system market.

Looking for more information? Click Here

About Arizton Advisory & Intelligence

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess the market landscape and to finalize fool proof business strategies. We are committed to providing inclusive market research reports and consulting services to clients from diversified industries including– Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging

Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

Arizton Advisory & Intelligence

Chicago, Illinois, 60605

Mail: enquiry@arizton.com

Call: +1-312-235-2040/+1 302 469 0707

Sep 27, 2021

Is COVID-19 Impacting the Growth of the Digital Pathology Market Positively?

According to the latest Arizton's market research report, the digital pathology systems market size ...

Sep 27, 2021

What Growth Strategies are Implemented by Vendors in Stain Remover Products Market?

According to the latest Arizton's market research report, the stain remover products market size to ...

Aug 30, 2021

Is Deployment of Smart Connectivity Leading the Digital Lock Market?

According to the latest Arizton's market research report, the digital lock market size to cross over...

LATEST POSTS
VIEW RELATED REPORT

Digital Pathology Market - Global Outlook and Forecast 2021-2026

OTHER CATEGORIES