The Digital Pathology pursues to develop and fueled by the huge developments in the technology, software and cloud storage solutions. The Digital imaging has moved from attaining of static images to whole slide imaging (WSI), concluding in its augmented usage in the pathology. The WSI, which is mentioned to as virtual microcopy, is a developing the technology that includes the acquisitions of the high-resolution digital pictures representative entire tissue sections from the glass slides on a computer monitor. Moreover, the global WSI market is classified on the basis of components, applications and end users. Whereas, the WSI systems aid pathologists in main diagnosis, consultation and inaccessible interpretation of frozen segments. The worldwide WSI market is predicted to reach USD 995 Mn by 2023, enlarging at a CAGR of 14.95% during the forecast period of 2018-2023.
According to the report analysis, ‘Global Whole Slide Imaging (WSI) Market (2018 – 2023)’ states that in the global whole side imaging market there are numerous key players which recently functioning more positively for leading the highest market growth and registering the handsome value of market share around the globe during the short span of time more actively while increasing the specifications of the technologies, spreading the awareness related to the product, increasing the usage and delivering the better consumer satisfaction includes Ventana Medical Systems, Inc (Roche), Leica Biosystems, Philips Healthcare, Inspirata (GE Healthcare), Olympus Corporation, Hamamatsu Photonics K.K., 3Dhistech, Huron Digital Pathology Inc, Omnyx LLC, Visiopharm A/S and several others.
Furthermore, based on components, the market is sectored into hardware (slide scanners, communication devices, storage devices, and others) and software. Based on applications, the market is scrappy into diagnostics, education, and research purposes. Based on end users, the market is divided into pharmaceutical and biotechnology companies, academic and research institutes, and hospitals and orientation laboratories.
Whereas, on the basis of components, the hardware sector will observe a CAGR of 14% through the reviewed period of 2018-2023, and will attain ~72% of the market by 2023. The software segment is predicted to observe a CAGR of 17% through the reviewed period of 2018-2023, and register for the rest of the market by 2023. Increasing demand for high-speed and high-resolution digital image in pathological laboratories, workflow competence, patient security, and diagnostic accuracy, have fostered the requirement for WSI systems.
Although, on the basis of application sector, the research segment positively controlled the largest market share of 73% in 2018, due to the great requirement for WSI in drug discoveries and oncology research. In 2016, approximately 1.7 Mn cases of cancer were diagnosed in the U.S. Thus, the requirement for the improvement in cancer diagnosis is another important aspects that is predicted to further boost the requirement for WSI systems around the globe.
On the basis of regions, the market is sectored into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Whereas, the North America has the highest market share. In 2018, the region registered for an approximately 44% share of the global market. Approval from the FDA and unremitting support from the Digital Pathology Association (DPA) to rise the aim on the education, best practices and consciousness, have increased the acceptance of WSI for numerous applications in North America.
Therefore, in the coming years, it is anticipated that the market of whole slide imaging will increase around the globe more significantly over the near years.
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Global Whole Slide Imaging (WSI) Market
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