With the increasing number of diseases there is also continuous development in the medical care to diagnose such diseases. Pathology studied have been improve in the recent years with the introduction of several digital technologies that make the process accurate and efficient. Whole Slide Imaging (WSI) is one such process in the pathology where digital image slides can be produced by studying the available glass slides. This new concept in pathology has its applications in diagnostics, educational and research institutes, and other different areas.
Whole Slide Imaging Market Size and Growth Rate:
As per the latest reports published by Research Cosmos, the global whole slide imaging market is projected to reach USD 995 Million by 2023 growing at a CAGR of 14.95% during the forecast period.
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Whole Slide Imaging Market Growth Drivers, Challenges and Opportunities:
The WSI method is useful in creating the virtual slides that can be viewed on the large screens with enhanced picture quality and can be shared to healthcare professionals and practitioners in different corners of the world. This also helps in the long-term storage of the pathology results compared to paper and others. The multiple benefits of this technique are slowly gaining prominence around the world in diagnostics of various diseases.
The growing prevalence of several chronic diseases that rises the number of deaths around the world has been the most determining factor for the growth in the disease diagnostics, which in turn propels the market for whole slide imaging. The mounting advancements in the technology, augmenting healthcare expenses, government interference to improve the medical standards, favourable reimbursement policies and the growing awareness among the people have been the supporting factors for the growth of the global whole slide imaging market.
On the other hand, there are some challenges to the market as well. Few of them would be the high cost of installation of this technology, issues in scanning of different materials, storage constraints, strict regulations, shortage of skilled pathologists, cyberattacks that can lead the results into wrong hands and lack of proper publicity. All these aspects have to address properly before fully implementing this advanced technique in the healthcare.
Geographical Overview of Whole Slide Imaging Market:
North America has been the dominating market in the global whole slide imaging market due to the increasing adoption of this technique by pathologists, rapid technological advances, growing awareness about the benefits of using this imaging method, availability of key players in the market, and the supporting government initiatives like the reimbursements. The Asia Pacific region will be one of the lucrative regions in the future due to the increase investments in the region’s health sector.
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Key Players of Whole Slide Imaging Market:
Some of the key players contributing the whole slide imaging market are Philips Healthcare, Nikon Corporation, Inspirata, Olympus Corporation, Ventana Medical Systems, Visiopharm, Leica Microsystems, Hamamatsu Photonics, Mikroscan Technologies, Indica Labs, 3Dhistech, Definiens AG, and so on.
Whole Slide Imaging Market Segmentation:
By Components:
- Hardware
- Software
By Application:
- Diagnostics
- Education
- Research Purposes
By End User:
- Pharmaceutical and Biotechnology Companies
- Academic and Research Institutes
- Hand Reference Laboratories
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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