the health strategist
institute for strategic health transformation
& digital technology
Joaquim Cardoso MSc.
Chief Research and Strategy Officer (CRSO),
Chief Editor and Senior Advisor
November 13, 2023
What is the message?
The global digital pathology market is experiencing substantial growth, projected to reach $1.7 billion by 2028.
Fueled by the prevalence of chronic illnesses, digital pathology offers cost-effective solutions, streamlined workflows, and significant savings of $1.3 million over five years.
As the future unfolds, the integration of artificial intelligence promises cutting-edge tools, positioning pathologists at the forefront of precision medicine.
What are the key points?
- Market Growth: The global digital pathology market is projected to grow from $740.26 million in 2021 to $1738.82 million by the end of 2028. The rise in chronic illnesses is identified as a major factor contributing to this growth.
- Benefits of Digital Pathology: The article emphasizes the advantages of digital pathology, including remote collaboration, increased efficiency, cost savings of $1.3 million over five years, and reduced administrative work. The digital approach facilitates remote slide access, enhances image analysis capabilities, and ensures long-term preservation of specimens.
- Cost Efficiency: Digital pathology is presented as a cost-effective solution, with estimated savings of $1.3 million over a 5-year period. This is attributed to reduced management and administration work, decreased vendor services (e.g., slide transport), lower demand for ancillary services (e.g., IHC staining), and potential reductions in required laboratory and office space.
- User Distribution: Hospitals lead in the adoption of digital pathology equipment, accounting for 36.5% of market revenue. Diagnostic laboratories, biotech and pharma companies, and academic and research institutes follow in usage. Digital pathology equipment includes scanners, software, communication systems, and storage systems, with scanners holding the majority of the market share.
- Future Trends: The article points towards the integration of artificial intelligence (AI) with digital pathology, foreseeing cutting-edge tools that will place pathologists at the forefront of the precision medicine movement.
Infographic
DEEP DIVE
In focus: The global digital pathology market
Roche Lab Leaders
November 1, 2023
The term digital pathology describes the acquisition, management, sharing, and interpretation of pathology information — including slides and data — in a digital environment. Thanks to the benefits offered by digital pathology, the global digital pathology market is expected to increase from approximately USD 740.26 million in 2021 to approximately USD 1738.82 million by the end of 2028.1 The increasing prevalence of chronic illnesses such as cancer and cardiovascular disease is also a major driver of growth in the digital pathology market.2 In our infographic we dive into the key metrics that showcase why digital pathology is a key trend for forward-looking laboratories, and one that doesn’t show any signs of slowing down.
Article highlights:
- The global digital pathology market is set to grow from $740.26 million in 2021 to $1738.82 million by 2028, driven by the rise in chronic illnesses.
- Digital pathology offers benefits like remote collaboration, efficiency, cost savings of $1.3 million over five years, and reduced administrative work.
- Hospitals (36.5%) lead in using digital pathology equipment, followed by diagnostic labs, biotech, and academic institutions.
What benefits does digital pathology offer?3,4,5 Remote slide access facilitates collaboration between pathologists, increased efficiency and streamlined workflows, enhanced image analysis capabilities, digital archiving ensuring long-term preservation of specimens, and faster diagnosis and improved patient outcomes.
Digital pathology is cost-effective. The estimated cost savings over a 5-year period following the implementation of a digital pathology workflow are $1.3 million.6 How does digital pathology support cost efficiency in the laboratory?4,6 Management and administration work are reduced, vendor services are decreased e.g. slide transport, there is a reduction in requests for ancillary services e.g. IHC staining and a potential reduction in required laboratory and office space.
The biggest users of digital pathology equipment are hospitals (36.5% of market revenue). This is followed by diagnostic laboratories, biotech and pharma companies and academic and research institutes.7 Digital pathology equipment is categorized into scanners, software, communication systems, and storage systems.1 Digital pathology scanners currently account for the majority of the global digital pathology market share.1
In the future, digital pathology in combination with AI will provide pathologists with cutting-edge tools placing them at the forefront of the precision medicine movement.
Originally published at https://lableaders.roche.com
