Global Whole Slide Imaging Market Size, Share, Growth Analysis, By Type(Hardware, Scanners), By Material(Technetium-99m (TC-99m), Thallium-201 (TL-201)), By Application(Cancer, Cardiology) - Industry Forecast 2024-2031

Global Whole Slide Imaging Market size was valued at USD 543.72 million in 2022 and is poised to grow from USD 642.68 million in 2023 to USD 2448.68 million by 2031, growing at a CAGR of 18.2% in the forecast period (2024-2031).

Whole slide imaging products, with their expanded and enhanced diagnostic capabilities, are revolutionizing digital pathology. Test centers, hospitals, pharmaceutical corporations, biotechnological companies, and pathology labs are just a few of the many industries that this technology helps. Composite slide images were first created in the early days of medical imaging by using a mix of microscopes and computers, but this method was labor-intensive. In order to get over this restriction, entire slide imaging was developed in the late 1990s. It greatly increased image acquisition speed by using high-speed devices and automated algorithms. With the development of technology, entire slide imaging now has more applications.

The College of American Pathologists (CAP), the American Society for Clinical Pathology (ASCP), and the Association for Pathology Informatics (API) worked together in May 2021 to update guidelines validating whole slide imaging for diagnostic purposes in pathology. This was done in recognition of the rapid advancements in clinical applications for whole slide imaging and digital pathology. These revised standards guarantee that patients obtain their pathologic diagnosis as soon as possible while preserving the same caliber of test results, allowing them to start treatment on time. The market for slide imaging as a whole is expected to develop significantly as technology advances and improves diagnostic efficiency and accuracy. Whole slide imaging technology breakthroughs are revolutionizing pathology and giving medical professionals faster, more accurate diagnostic tools to improve patient outcomes.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Whole Slide Imaging Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Whole Slide Imaging Market Segmental Analysis

Segmentation of the worldwide whole slide imaging market is done based on Type, Material, Application, End-Use, and Region. Hardware, Scanners, Viewers, Image management systems, Others, Software, and Services are the market segments divided by type. The market is divided into four segments based on material: Iodine (I-123), Thallium-201 (TL-201), Technetium-99m (TC-99m), and Others. The market is divided into five segments based on application: cancer, cardiology, thyroid, neurology, and others. Hospitals, pharmaceutical and biopharmaceutical firms, laboratories, and others make up the End-User segment of the market. The market is divided into the following regions: Asia-Pacific, Africa, Latin America, Europe, North America, and the Middle East.

Drivers of the Global Whole Slide Imaging Market

Because chronic diseases like cancer are becoming more common, pathology labs and healthcare professionals need precise and effective diagnostic tools, which is why whole slide imaging is a crucial piece of technology.

Restraints in the Global Whole Slide Imaging Market

Whole Slide Imaging may not be widely adopted if concerns about data security and privacy are raised while handling substantial amounts of sensitive patient data in digital format.

Market Trends of the Global Whole Slide Imaging Market

Integrating the Whole Slide with Laboratory Information Systems (LIS) Effective patient record-keeping is made possible by imaging systems that integrate with LIS and electronic health record (EHR) systems. These systems permit smooth data management and workflow optimization.