Digital pathology market to grow by USD 716.93M from 2022-27

The digital pathology market size is expected to grow by USD 716.93 million from 2022-2027, progressing at a CAGR of 13.2% as per the latest Technavio market research report. The digital pathology market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Growing adoption of IoT infrastructure among laboratories to drive growth
A paradigm shift toward the development of advanced infrastructure to offer efficient healthcare services has increased the use of advanced equipment and software. Moreover, the increasing interest of governments of emerging economies in promoting mobile health (mHealth) services as a complementary strategy to achieve the health-related Millennium Development Goal has boosted the demand for teleconsultation services. Thus, the growing development of IoT infrastructure facilitates easy integration of digital pathology systems in laboratories and helps offer efficient healthcare services. This will substantially boost the growth of the market.

Segmentation analysis
This market research report segments the digital pathology market by product (digital slide scanner and software), application (hospitals and laboratories, independent and small clinics, and research centers), and geography (North America, Europe, Asia, and Rest of World (ROW)).

The market share growth by the digital slide scanner segment will be significant for overall market growth during the forecast period. Growing technological advancement in the magnification and scanning of slides is expected to propel further growth of the segment. Moreover, the rising internet bandwidth connectivity and technological developments by vendors in the market are propelling the market growth. Such developments are expected to propel the growth of the segment, which, in turn, is expected to propel the growth of the market in focus during the forecast period.

North America is estimated to account for 39% of the market’s overall growth. Growing US FDA approval of whole slide imaging systems used in digital pathology workflows and increasing adoption of advanced pathology practices drive the growth of the market in North America. Furthermore, the vendors are witnessing favorable market conditions due to the increasing approval of digital pathology systems in the region. Such factors have surged the growth opportunities in the US market and have substantially promoted market vendors to develop advanced digital pathology products. This has promoted the swift growth of the digital pathology market in the region.

Market overview
In the digital pathology market, a recent research study sheds light on the accelerating adoption of digital solutions in diagnostic pathology. Industry trends indicate a significant shift towards digitalization for efficient workflow management and improved diagnostic accuracy. Pricing analysis reveals competitive strategies among key players to capture market share. Moreover, patent analysis highlights ongoing innovation and technological advancements. Conference and webinar materials serve as platforms for knowledge exchange among key stakeholders, including pathologists, researchers, and industry experts, fostering collaboration and driving market growth. Understanding buying behavior is crucial for companies to tailor solutions that meet customer needs effectively, ensuring sustained market expansion. Technavio