(2019 – 2024) “Whole Slide Imaging Market” Report studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Whole Slide Imaging Analysis. The Whole Slide Imaging market is expected to register a CAGR of approximately 17% during the forecast period of (2019 – 2024).
Whole Slide Imaging Market Report Covers Leading Manufacturers: Olympus Corporation, Philips Healthcare, Definiens AG, Leica Microsystems Gmbh, Ventana Medical Systems Inc., Nikon Corporation, Visiopharm, 3dhistech, Hamamatsu Photonics K.K., Indica Labs, Inspirata, Mikroscan Technologies Inc.
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The whole slide imaging market is expected to witness a CAGR of 17.00% during the forecast period. North America is the dominant for the whole slide imaging due to several factors, such as rising adoption of digital pathology and increase in awareness regarding growing advantages of whole slide imaging over the traditional histopathological slides imaging.
Technological Advancements in Whole Slide Imaging
Major advances in digital technology have occurred since the introduction of handheld electronic devices, including the development of whole slide imaging (WSI) systems with software packages that can convert microscope images into virtual (digital) slides that can be viewed on the computer monitors and through the internet. However, these technological developments have had minimal impact on the way pathologists perform their daily work, with the exception of using computers to access electronic medical records and scholarly websites for pertinent information to assist interpretation of cases. This is expected to drive the adoption rate of whole slide imaging systems for the diagnostic purposes.
Additionally, increasing incidence of cancer and public & private initiative for the digital pathology is driving the global whole slide imaging market.
High Cost of Whole Slide Imaging Systems
FDA has approved the whole slide imaging systems for primary diagnosis, which is expected to improve the market, however, the reluctance towards digital pathology due to the high cost of the whole slide imaging systems is acting as a restraint to the market. It is estimated that a whole slide imaging system installation approximately costs USD 130,000, which is inhibiting the pathologists from adopting whole slide imaging systems.
Additionally, pending regulatory approvals are also restraining the growth of global whole slide imaging market.
North America is dominating the market
North America, owing to factors such as rising adoption of digital pathology and increase in awareness regarding growing advantages of whole slide imaging over the traditional histopathological slides imaging, is dominating the whole slide imaging market. Furthermore, the growing need of whole slide analysis due to a rise in disease prevalence in the region and growing trend of adoption of digital platform in healthcare sectors would further boost the market growth in North America. For instances, about 1.5 billion histopathological slides are investigated manually each year in the U.S. alone, which is likely to augment a huge demand for whole slide imaging among the end users in the region.
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Reasons to Purchase Whole Slide Imaging Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
- This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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