Whole Slide Imaging Market Size, Share, Growth Analysis, By Technology(Scanners, IT Infrastructure, Viewer, Image Management System), By Application(Telepathology, Cytopathology, Immunohistochemistry, Hematopathology), By End User(Hospitals & Clinics, Pathology Laboratories, Academic & Research Institute, Others), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35D2149 | Region: Global | Published Date: March, 2024
Pages: 219 | Tables: 93 | Figures: 72

Whole Slide Imaging Market Dynamics

Whole Slide Imaging Market Drivers

Rising Prevalence of Chronic Diseases

The increasing incidence of chronic diseases, such as cancer, requires accurate and efficient diagnostic tools, making Whole Slide Imaging an essential technology for pathology labs and healthcare providers.

Whole Slide Imaging Market Restraints

Data Security and Privacy Concerns

Handling large volumes of sensitive patient data in digital format raises concerns regarding data security and privacy, which can hinder the widespread adoption of Whole Slide Imaging.

Whole Slide Imaging Market Report Snapshots

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Whole Slide Imaging Market size was valued at USD 543.72 million in 2022 and is poised to grow from USD 642.68 million in 2023 to USD 2448.68 million by 2031, growing at a CAGR of 18.2% in the forecast period (2024-2031).

The whole slide imaging (WSI) market features a highly competitive landscape with several key players vying for market share. Companies in this market are primarily focused on technological advancements, product innovation, strategic collaborations, and mergers and acquisitions to gain a competitive edge. Leading players such as Danaher Corporation, Hamamatsu Photonics K.K., 3DHISTECH Ltd., and Olympus Corporation are known for their strong presence and extensive product portfolios. 'Danaher Corporation (United States)', 'Hamamatsu Photonics K.K. (Japan)', '3DHISTECH Ltd. (Hungary)', 'Olympus Corporation (Japan)', 'Roche Holding AG (Switzerland)', 'Koninklijke Philips N.V. (Netherlands)', 'Leica Biosystems Nussloch GmbH (Germany)', 'Ventana Medical Systems, Inc. (United States)', 'PerkinElmer, Inc. (United States)', 'Sectra AB (Sweden)', 'Diasorin (Italy)', 'NanoString Technologies (United States)', 'Biocare Medical (United States)', 'Sakura Finetek (Japan)', 'DigiPath (United States)', 'Indica Labs (Canada)'

The increasing incidence of chronic diseases, such as cancer, requires accurate and efficient diagnostic tools, making Whole Slide Imaging an essential technology for pathology labs and healthcare providers.

Integration with Laboratory Information Systems (LIS): Integration of Whole Slide Imaging systems with LIS and electronic health record (EHR) systems streamlines the workflow and facilitates seamless data management, enabling efficient patient record-keeping.

North America is projected to hold the highest market share in the whole slide imaging market during the forecast period. This dominance is driven by the increasing incidence of cancer and the growing adoption of digital pathology to enhance laboratory efficiency in the region. Notably, the American Cancer Society estimates around 1.9 million new cancer cases and 609,360 cancer-related deaths in the United States in 2022. The rising cancer burden is expected to lead to a surge in the demand for diagnostic laboratories and consequently accelerate market expansion in North America.

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Whole Slide Imaging Market Dynamics

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