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Whole Slide Imaging Market Report 2024 - Whole Slide Imaging Market Trends And Forecast To 2033
Whole Slide Imaging Market Report
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According to The Business Research Company's, The whole slide imaging market size has grown rapidly in recent years. It will grow from $0.70 billion in 2023 to $0.79 billion in 2024 at a compound annual growth rate (CAGR) of 12.1%. The growth in the historic period can be attributed to the increasing prevalence of cancer, growing demand for whole slide imaging, increasing adoption of digital pathology, government funding and support, and economic growth.
The whole slide imaging market size is expected to see rapid growth in the next few years. It will grow to $1.25 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%. The growth in the forecast period can be attributed to the rising prevalence of chronic diseases, increasing adoption of cloud-based solutions, increasing demand for quick results, growing popularity of virtual/digital slides, and sizable research conducted with drugs. Major trends in the forecast period include integration with artificial intelligence (AI), growth in digital pathology adoption, expansion in research and development, technological innovations, and an increase in strategic partnerships.
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Market Drivers and Trends:
The increasing prevalence of cancer is expected to propel the growth of the whole slide imaging market going forward. Cancer is a broad group of diseases characterized by the uncontrolled growth and spread of abnormal cells. These abnormal cells can invade and destroy normal tissue, potentially leading to serious health issues and, if not treated, death. The prevalence of cancer is due to the obesity epidemic, inherited genetic abnormalities, hepatitis B and C viruses, and human papillomavirus (HPV). Whole slide imaging (WSI) plays a significant role in cancer diagnosis and treatment by providing detailed and accessible digital representations of tissue samples, enhancing the accuracy, efficiency, and collaboration in cancer diagnosis and treatment, ultimately contributing to better patient outcomes. For instance, in May 2024, according to the American Society of Clinical Oncology, a US-based professional organization, an estimated 20 million new cancer cases were found in 2022, and expected to reach 35 million new cases globally by 2050. Therefore, the increasing prevalence of cancer is driving the growth of the whole slide imaging market.
Major companies operating in the whole slide-image market are focused on developing innovative products, such as high-capacity slide scanners, to sustain their position in the market. High-capacity slide scanners are specialized devices that digitize entire microscope slides at high resolution. These scanners are designed to capture detailed digital images of tissue specimens, cytology samples, or other biological materials mounted on glass slides. For instance, in June 2022, F. Hoffmann-La Roche AG, a Switzerland-based pharmaceutical company, launched the VENTANA DP 600 slide scanner for digital pathology. This high-capacity slide scanner is designed to create high-resolution digital images of stained tissue samples, aiding in diagnosing diseases like cancer and enabling personalized treatment plans. The scanner provides easy use and workflow flexibility in pathology labs, allowing for efficient and streamlined diagnostic processes.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
General Electric Company, F. Hoffmann-La Roche AG, Koninklijke Philips N.V., Olympus Corporation, Nikon Corporation, PerkinElmer Inc., Beckman Coulter Inc., Leica Biosystems GmbH, Hamamatsu Photonics KK, Huron Technologies International, Sectra AB, PathAI, Xifin Inc., OptraSCAN, Paige.AI, Indica Labs, 3DHISTECH Ltd., Visiopharm A/S, Flagship Biosciences Inc., Proscia Inc., LigoLab Information System, Aiforia Technologies plc, Inspirata Inc., Histowiz, Mikroscan Technologies Inc., Corista LLC, Glencoe Software Inc., Definiens AG
Whole Slide Imaging Market 2024 Key Insights:
• The whole slide imaging market size is expected to see rapid growth in the next few years. It will grow to $1.25 billion in 2028 at a compound annual growth rate (CAGR) of 12.3%.
• Impact Of Cancer Prevalence On The Growth Of The Whole Slide Imaging Market
• Advancements In Whole Slide Imaging Roche Launches High-Capacity VENTANA DP 600 Slide Scanner For Enhanced Digital Pathology
• North America was the largest region in the whole slide imaging market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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