Whole Slide Imaging Systems Market

Whole Slide Imaging Systems Market Outlook (2022 - 2026)

Whole Slide Imaging Systems witnessed a CAGR of 9.4% between 2013 and 2021. The same market is expected to grow at 9.1% CAGR between 2022 and 2026. In 2022, the global Whole Slide Imaging Systems Market size was worth US$ 374.5 million, which is projected to reach US$ 530.4 million by the year 2026.

Whole Slide Imaging Systems Market Demand Analysis (2013-2021) v/s Market Outlook (2022-2026)

Whole Slide Imaging Systems Market is expected to witness a CAGR of 9.1% during the forecast period, i.e. between 2022 and 2026. The rise in cancer and other chronic diseases is contributing to the increase in demand for Whole Slide Imaging Systems. Furthermore, the growing emphasis on pharmaceutical research and the increased usage of modern technologies in the healthcare sector is expected to drive the global whole slide imaging systems market.

What is expected to keep the Hopes High for Whole Slide Imaging Systems Market?

• An increase in the number of pathological diseases

The need for reliable clinical testing has increased due to the growing prevalence of pathological disorders such as cancer, necrosis, leukemia, dysplasia, leprosy, and others, which is contributing to significant growth in the whole slide imaging market growth globally. The growing demand for conventional diagnostic methods to minimize detection time and complexities for pathologists is expected to boost the whole slide imaging market significantly throughout the forecast period. Furthermore, rapid technological advancements and rising healthcare expenditures, along with decreasing healthcare costs, are expected to benefit the global whole slide imaging market significantly.

• Increase in the need for accuracy in the research and pathology sectors.

The rising acceptance of virtual slides over real slides along with expanding hospital networks and partnerships, is leading to an increased need for reliable testing tools in the research and pathology sectors. The, increasing need for more accurate medical analysis is likely to boost the global whole slide imaging market throughout the forecast period.

• Sizable Research conducted with Drugs

Pharmaceutical companies are substantially investing in research and development while relying on whole slide imaging to produce companion, biomarkers, and supplementary diagnostics. The whole slide imaging systems help in improving research consistency and quality while cutting costs. In the near future, the increased emphasis on drug discovery and development is projected to offer new growth prospects in the global whole slide imaging systems market.

What restraints is the Whole Slide Imaging Systems Market subject to?

• “High installation and maintenance Costs”

The high cost of whole slide imaging systems is the most significant impediment to market expansion in developing nations. The overall slide scanning is pricey, and is out of reach for several medium-sized laboratories. Apart from the high set-up costs, the other obstacles that are likely to limit the practical deployment of whole slide imaging systems include higher maintenance and installation expenses, as well as more expensive training and development programs for end-users.

How has Covid-19 affected the Whole Slide Imaging Systems Market?

“Increase in demand due to widespread usage in healthcare sector”

Even though the COVID-19 pandemic had a negative impact on the global economy, it had a positive impact on the Whole Slide Imaging Systems Market because, during the pandemic, the whole slide imaging systems saw a significant rise in demand due to its widespread usage in primary diagnosis and assisting healthcare institutions with uninterrupted histopathological diagnosis.

Competitive Landscape

Whole Slide Imaging Systems Market industry is very competitive and highly consolidated due to the presence of several large players. Key players in the market are focusing on mergers and acquisitions as the industry is in the growth phase. Companies are making strategic decisions to engage in mergers and acquisitions in order to expand their product portfolios and grow their market share. Many pharmaceutical and biotech companies are making huge investments in whole slide imaging industry for drug development purposes.

• Indica labs, a leading provider of computational pathology software and services, launched the National Cancer Institute’s (NCI) enterprise-wide cloud-based deployment of its products including HALO, HALO AI, HALO Link, and HALO AP, in September 2021.
• Olympus corporation announced the launch of the SLIDEVIEW VS200, an improvised slide scanner for high resolution picture capturing in October 2019. The SLIDEVIEW VS200 records high quality virtual slides, images, and provides flexibility for advanced quantitative image analysis in the brain, cancer and stem cell research, and medication development.

Whole Slide Imaging Systems Industry Report Scope

Whole Slide Imaging Systems Market Categorization

Whole Slide Imaging Systems Market by Product

• Hospitals
• Diagnostic Labortories
• Research Centers

Whole Slide Imaging Systems Market by Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa (MEA)

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