The global whole slide imaging market size is anticipated to expand at a substantial CAGR during the forecast period, 2021-2028. The growth of the market is attributed to increasing usage of the product in drug discovery processes. Moreover, rising technological advancements and growing preference for virtual slides, as compared to physical slides, are driving the market growth.
Whole slide imaging (WSI) refers to scanning of conventional glass slides in order to produce digital slides. It is the most recent trend of imaging modality deployed by pathology departments worldwide. WSI continues to gain traction among pathologists for diagnostic, educational, and research purposes.
Digital slides are created when glass slides are captured using a scanning device, which in turn, provides a high-resolution digital image that can be viewed on a computer screen or mobile device. The digital camera utilized should have resolution above two mega pixels to make it look clear on the screen.
Many pharmaceutical and biotech companies are significantly investing in drug discovery. This has helped the adoption of WSI widely in drug discovery processes. Digital pathology (DP) has generated a lot of interest among hospitals, laboratories, surgeons, research institutes, and healthcare companies. DP process increases productivity and efficiency by allowing pathologists to stay in their offices rather than travelling to the on-site location.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing incidence of cancer is one of the major drivers that is contributing to the growth of the global whole slide imaging market.
- Poor image quality and issues related to scanning of the materials can restrain the market growth.
- The inability to handle high-throughput routine work can hinder the market growth.
- The outbreak of COVID-19 has positively impacted the whole slide imaging market. This is due to the fact that the pandemic has increased the burden on the healthcare sector and has encouraged government to invest on the healthcare infrastructure.
- Rising trend of pathologists’ involvement in precision medicine and digital technology to improve patient care is expected to propel the market growth.
Scope of the Report
The report on the global whole slide imaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | Whole Slide Imaging Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
Segmentation | Technologies (Scanners, IT Infrastructure, Viewers, and Image Management Systems), Applications (Telepathology, Cytopathology, Immunohistochemistry, and Hematopathology), and End-users (Academic Institutes, Research, and Others) |
Regional scope | North America, Latin America, Europe, Asia Pacific and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | Olympus Corporation, Leica Microsystems GmbH, Hamamatsu Photonics K.K., 3DHISTECH Ltd., and Koninklijke Philips N.V |
Whole slide imaging Market Segment Insights:
Scanners segment to grow at a rapid pace
Based on technologies, the market is divided into scanners, IT infrastructure, viewers, and image management systems. The scanners segment is anticipated to account for a major market share and is anticipated to grow at a steady rate during the forecast period. Multiple small scanned images, each at an optimal focal plane, gets assembled into a composite image. These images are quicker to acquire than multiplane virtual images, which is driving the segment growth.
Immunohistochemistry segment to account a key market share
Based on applications, the market is divided into telepathology, cytopathology, immunohistochemistry, and hematopathology. The immunohistochemistry segment is anticipated to account for a key market share owing to its wide usage in pathology to observe protein expression in tissue samples. Increasing usage of immunohistochemistry among major biotech companies for early research and late-stage drug development is spurring the segment growth. Furthermore, with more advanced processes, this method helps in the faster assessment of samples, which is expected to positively influence the segment growth.
Academics institutes segment to accelerate the market growth
Based on end user, the market is divided into academic institutes, research, and others. The academic institutes segment is projected to substantially grow at an exponential rate due to rising use of imaging and image-based technologies across the drug discovery workflow, allowing researchers to understand model organisms. This, in turn, is expected to improve standardization, quality, manageability of research, and reduce costs.
The market in Asia Pacific to exhibit a high CAGR
On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The market in Asia pacific is anticipated to exhibit a high CAGR during the forecast period. Increasing investment on drug discovery and growing awareness about the benefits of whole slide imaging are expected to propel the market in the region. Rising number of pathology specimens due to the increasing large population base is further expected to drive the regional market growth.
Segments
Segments Covered in the Report
The global whole slide imaging has been segmented on the basis of
Technologies
- Scanners
- IT Infrastructure
- Viewers
- Image Management Systems
Applications
- Telepathology
- Cytopathology
- Immunohistochemistry
- Hematopathology
End-users
- Academic Institutes
- Research
- Others
Regions
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Players
- Olympus Corporation
- Leica Microsystems GmbH
- Hamamatsu Photonics K.K.
- 3DHISTECH Ltd.
- Koninklijke Philips N.V.
Competitive Landscape
The major players of the market are Olympus Corporation, Leica Microsystems GmbH, Hamamatsu Photonics K.K., 3DHISTECH Ltd., and Koninklijke Philips N.V.
Companies are focusing on investing in companies, partnerships, and acquisitions to expand their market share.
