[Redding, California] - Meticulous Research®, a leading global market research firm, has released its latest publication forecasting substantial growth in the digital pathology market. Projections indicate that the market will soar to $1.86 billion by 2030, exhibiting a robust CAGR of 8.7% throughout the forecast period. This surge is underpinned by several key factors driving demand within the sector.

The remarkable expansion of the digital pathology market is propelled by the escalating prevalence of cancer, the proliferation of biomarkers and associated research, a burgeoning number of clinical trials for oncology drugs, and an increasing need for precise detection of genetic and rare diseases. Additionally, the widespread adoption of teleconsulting practices further bolsters market growth. Notably, burgeoning interests in precision medicine and the emergence of economies present significant growth prospects for the market.

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Future Outlook: Digital Pathology Market

Segmented by Offering, Application, End User, and Geography, the digital pathology market presents a landscape ripe with opportunities for industry players. The hardware segment, encompassing Tissue Microarray, Scanners, and Other Hardware, is poised to dominate the market in 2023, fueled by the mounting burden of chronic diseases globally and the imperative for precise diagnosis and personalized care pathways.

In terms of application, the disease diagnosis segment is anticipated to hold the largest market share in 2023, propelled by factors such as an aging population, the prevalence of chronic diseases, and increased teleconsulting uptake amidst the COVID-19 pandemic. Moreover, the hospitals & clinics segment is poised to lead the market based on end-user classification in 2023, driven by a global surge in demand for pathological tests, alongside ongoing research in precision medicine.

Geographically, North America is slated to command the largest market share in 2023, closely followed by Europe and Asia-Pacific. Within North America, the United States is anticipated to dominate, buoyed by the digitization of pathology services, robust R&D investments, and a fervent adoption of advanced technologies for diagnostics.

Key Players:

The digital pathology market boasts a roster of prominent players including 3DHISTECH Ltd., Leica Microsystems (a subsidiary of Danaher Corporation), Hamamatsu Photonics K.K., Nikon Corporation, Visiopharm A/S, Koninklijke Philips N.V., F. Hoffmann-La Roche Ltd, Glencoe Software, Inc., XIFIN, Inc., and PerkinElmer Inc.

For further insights and comprehensive analysis, please refer to Meticulous Research®'s detailed report on the digital pathology market, which provides in-depth assessments of major geographies across North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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