Whole Slide Imaging Market Size & Share | Forecast 2022 - 2028

Whole Slide Imaging Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Hardware, Software, and Service), Application (Telepathology, Cytopathology, Immunohistochemistry, and Hematopathology), and End User (Hospital, Pharmaceutical and Biopharmaceutical Companies, Laboratories, and Academic Research Institute)

  • Report Code : TIPRE00007740
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 237
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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

  • CAGR (2021 - 2028)
    18.2%
  • Market Size 2021
    US$ 459.36 Million
  • 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
  • Akoya Biosciences, Inc

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.

Lucrative Regions for Whole Slide Imaging Market

  • 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.

Whole Slide Imaging Market, by Type – 2022 and 2028

medical-device
Whole Slide Imaging Market, by Type – 2022 and 2028
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

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.

Company Profiles

  • Akoya Biosciences, Inc.
  • Olympus,
  • 3DHISTECH,
  • Mikroscan Technologies,
  • Indica Labs,
  • Inspirata,
  • Leica Biosystems
  • Visiopharm
  • Koninklijke Philips N.V.
  • Hamamatsu Photonics K.K
  • Nikon

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
  • Akoya Biosciences, Inc
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Type, Application, and End User

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    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


    What are the driving factors for the global whole slide imaging market across the world?

    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.

    What are whole slide imaging?

    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.

    Who are the major players in the whole slide imaging market across the globe?

    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.

    What is the market CAGR value of the whole slide imaging market during the forecast period?

    The CAGR value of the Whole Slide Imaging market during the forecasted period of 2022-2028 is 18.2%.

    What is the estimated whole slide imaging market size in 2021?

    The Whole Slide Imaging market is estimated to be valued at US$ 459.36 million in 2021.

    What are the growth estimates for the whole slide imaging market till 2028?

    The whole slide imaging market is expected to be valued at US$ 1,471.71 million in 2028.

    Which segment by type led the whole slide imaging market?

    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.

    Which region is projected to be the fastest-growing region in the global whole slide imaging market?

    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 List of Companies - Whole Slide Imaging Market

    1. 3DHISTECH Ltd
    2. Hamamatsu Photonics K.K.
    3. Indica Labs
    4. Inspirata Inc
    5. Leica Biosystems Nussloch GmbH (Danaher)
    6. Mikroscan Technologies, Inc.
    7. Nikon Corporation
    8. Olympus Corporation
    9. Visiopharm A/S
    10. Akoya Biosciences, Inc
    11. Koninklijke Philips N.V.

    The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

    1. Data Collection and Secondary Research:

    As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

    Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

    1. Primary Research:

    The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

    For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

    A typical research interview fulfils the following functions:

    • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
    • Validates and strengthens in-house secondary research findings
    • Develops the analysis team’s expertise and market understanding

    Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

    • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
    • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

    Below is the breakup of our primary respondents by company, designation, and region:

    Research Methodology

    Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

    1. Data Analysis:

    Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

    • 3.1 Macro-Economic Factor Analysis:

    We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

    • 3.2 Country Level Data:

    Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

    • 3.3 Company Profile:

    The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

    • 3.4 Developing Base Number:

    Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

    1. Data Triangulation and Final Review:

    The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

    We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

    We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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