Whole Slide Imaging Market Size & Share | Forecast 2022 - 2028
The whole slide imaging market is expected to grow from US$ 459.36 million in 2021 to US$ 1,471.71 million by 2028; it is estimated to grow at a CAGR of 18.2% from 2022 to 2028.
Whole slide imaging products are used to provide advanced and enhanced forms of digital pathology to empower the diagnosis and pathological test results. It can be used by hospitals, pharmaceutical companies, biotechnological companies, pathological labs, and test centers.
The whole slide imaging market is segmented on the basis of type, application, end-user, and geography. By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. This report offers insights and in-depth analysis of the market with an emphasis on parameters, such as market trends and dynamics, and the competitive analysis of the globally leading market players.
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Whole Slide Imaging Market: Strategic Insights
Whole Slide Imaging Market
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CAGR (2021 - 2028)
18.2%
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Market Size 2021
US$ 459.36 Million
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Market Size 2028
US$ 1,471.71 Million
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players
- 3DHISTECH Ltd
- Hamamatsu Photonics K.K.
- Indica Labs
- Inspirata Inc
- Leica Biosystems Nussloch GmbH (Danaher)
- Mikroscan Technologies, Inc.
- Nikon Corporation
- Olympus Corporation
- Visiopharm A/S
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Hardware
- Software
- Service
Application
- Telepathology
- Cytopathology
- Immunohistochemistry
- Hematopathology
End User
- Hospital
- Pharmaceutical and Biopharmaceutical Companies
- Laboratories
- Academic Research Institute
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Whole Slide Imaging Market: Strategic Insights
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CAGR (2021 - 2028)18.2% -
Market Size 2021
US$ 459.36 Million -
Market Size 2028
US$ 1,471.71 Million
Market Dynamics
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Key Players
- 3DHISTECH Ltd
- Hamamatsu Photonics K.K.
- Indica Labs
- Inspirata Inc
- Leica Biosystems Nussloch GmbH (Danaher)
- Mikroscan Technologies, Inc.
- Nikon Corporation
- Olympus Corporation
- Visiopharm A/S
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Hardware
- Software
- Service
- Telepathology
- Cytopathology
- Immunohistochemistry
- Hematopathology
- Hospital
- Pharmaceutical and Biopharmaceutical Companies
- Laboratories
- Academic Research Institute
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights
Increasing Technological Advancements Boost Whole Slide Imaging Market
In the initial phase of medical imaging, the imaging system utilized microscope and computer combination to capture composite slide image. The system required considerable amount of time for image acquisition. To overcome this limitation, the concept of whole slide imaging emerged in the late 1990s, and the technology companies used automated algorithms and high-speed systems to boost the speed of image acquisition. This technological development extends the area of application for whole slide imaging. In May 2021, due to rapid advancements in clinical applications for whole slide imaging and digital pathology, the College of American Pathologists (CAP) collaborated with the American Society for Clinical Pathology (ASCP) and the Association for Pathology Informatics (API) to update the guideline validating whole slide imaging for diagnostic purposes in pathology. The new guidelines will ensure that patients get their pathologic diagnosis rapidly with the same quality test results so that they can receive treatment sooner. Hence, the increased technological advancement drives the whole slide imaging market growth.
Type Insights
Based on type, the whole slide imaging market is segmented into hardware, software, and service. The market for the hardware segment is subsegmented into scanners, microscopes, and cameras. The hardware segment held the largest share of the market in 2021 and is estimated to register the highest CAGR of 18.8% in the market during the forecast period.
Application Insights
Based on application, the whole slide imaging market is segmented into telepathology, cytopathology, Immunohistochemistry, and hematopathology. The telepathology segment held the largest market share in 2021. However, the immunohistochemistry segment is estimated to register the highest CAGR in the market during the forecast period. The telepathology refers to the practice of pathology from distance with the help of advanced telecommunication software and services.
End User Insights
By end user, the whole slide imaging market is segmented into hospitals, pharmaceutical and biopharmaceutical companies, laboratories, and academic research institutes. The academic research institutes segment held the largest share of the market in 2021. However, the pharmaceutical and biopharmaceutical companies segment is estimated to register the highest CAGR in the market during the forecast period. The academic research institutes held the largest share owing to the increasing number of academic research centers across the world.
Organic developments, including product launches and approvals, are highly adopted strategies by companies in the whole slide imaging market. A few of the recent key market developments are listed below:
- In December 2019, Akoya Biosciences, Inc. announced the full commercial release of new products that form the most complete solution for high-parameter tissue imaging. These include the CODEX System and Phenoptics 2.0.
- In October 2019, Myprotein, Olympus Corporation launched its SLIDEVIEW VS200 solution. It is a research slide scanner that can capture high-quality virtual slide images and allow advanced quantitative image analysis of samples related to different applications, including brain, cancer, and stem cell research, as well as drug discovery.
- In July 2022, Nikon Corporation announced the release of a new ultra-compact machine vision camera1, LuFact to help accelerate the digital transformation (DX) at manufacturing sites. LuFact is Nikon's first machine vision camera leveraging their specialized image processing technology that has been developed across many years of digital camera innovation. This efficient design enables easy installation onto existing equipment, production lines, robot hands and many other varied applications.
- In November 2021, Royal Philips, a global leader in health technology, announced new AI-enabled innovations in MR imaging launching at the Radiological Society of North America (RSNA) annual meeting. Philips’ new MR portfolio of intelligent integrated solutions is designed to speed up MR exams, streamline workflows, optimize diagnostic quality, and help ensure the efficiency and sustainability of radiology operations.
Whole Slide Imaging Market Report Scope
Report Attribute
Details
Market size in 2021
US$ 459.36 Million
Market Size by 2028
US$ 1,471.71 Million
Global CAGR (2021 - 2028)
18.2%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Type - Hardware
- Software
- Service
By Application - Telepathology
- Cytopathology
- Immunohistochemistry
- Hematopathology
By End User - Hospital
- Pharmaceutical and Biopharmaceutical Companies
- Laboratories
- Academic Research Institute
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
3DHISTECH Ltd
Hamamatsu Photonics K.K.
Indica Labs
Inspirata Inc
Leica Biosystems Nussloch GmbH (Danaher)
Mikroscan Technologies, Inc.
Nikon Corporation
Olympus Corporation
Visiopharm A/S
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Attribute | Details |
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Market size in 2021 | US$ 459.36 Million |
Market Size by 2028 | US$ 1,471.71 Million |
Global CAGR (2021 - 2028) | 18.2% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Type
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Regions and Countries Covered | North America
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Market leaders and key company profiles |
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Company Profiles
- Akoya Biosciences, Inc.
- Olympus,
- 3DHISTECH,
- Mikroscan Technologies,
- Indica Labs,
- Inspirata,
- Leica Biosystems
- Visiopharm
- Koninklijke Philips N.V.
- Hamamatsu Photonics K.K
- Nikon
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Application, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The Whole Slide Imaging market is estimated to be valued at US$ 459.36 million in 2021.
The whole slide imaging market is expected to be valued at US$ 1,471.71 million in 2028.
The hardware segment held the largest share of the market in 2021. Also, the same segment is estimated to register the highest CAGR of 18.8% in the market during the forecast period.
The Asia Pacific is expected to be the fastest-growing region in the whole slide imaging market over the forecast period due to rapidly developing healthcare infrastructure, increasing adoption of digital pathology, and supportive government initiatives.
The CAGR value of the Whole Slide Imaging market during the forecasted period of 2022-2028 is 18.2%.
The whole slide imaging market majorly consists of the players, such as 3DHISTECH Ltd, Hamamatsu Photonics K.K., Indica Labs, Inspirata Inc, Leica Biosystems Nussloch GmbH (Danaher), Mikroscan Technologies, Inc., Nikon Corporation, Olympus Corporation, Visiopharm A/S, Akoya Biosciences, Inc, Koninklijke Philips N.V.
Whole slide imaging technology deals with the acquisition of high-speed, high-resolution slide images for pathology workflow. The technology is also known as virtual pathology and plays major role in the digital pathology. Whole slide imaging is responsible for image archiving and sharing. In addition, pathologists can also utilize these images for diagnosis by generating digital workflow.
The factors that are driving the growth of the whole slide imaging market are continual advancements in computational algorithms and image capturing technologies are making a constructive impact on the development of whole slide imaging technologies. Improvements in this technology are leading to a better throughput, error reduction, quick and efficient image capturing, image archiving, and image sharing. Increasing emphasis on achieving better diagnostic outcomes is extensively driving the demand for digital pathology. Growing acceptance of digital pathology and whole-slide imaging is universal among academic health centers, pathology departments, and the nation’s largest pathology companies. These are some of the major factors contributing to the growth of the whole slide imaging industry.
The List of Companies - Whole Slide Imaging Market
- 3DHISTECH Ltd
- Hamamatsu Photonics K.K.
- Indica Labs
- Inspirata Inc
- Leica Biosystems Nussloch GmbH (Danaher)
- Mikroscan Technologies, Inc.
- Nikon Corporation
- Olympus Corporation
- Visiopharm A/S
- Akoya Biosciences, Inc
- Koninklijke Philips N.V.