The whole slide imaging market in North America is expected to grow from US$ 223.83 million in 2022 to US$ 615.72 million by 2028. It is estimated to grow at a CAGR of 18.4% from 2022 to 2028.
Raising Technological Advancements in Whole Slide Imaging
The concept of whole slide imaging emerged in the late 1990s. In initial phase, the system utilized microscope and computer combination to capture composite slide image. However, the system required considerable amount of time for image acquisition. In order to overcome this limitation, technology companies used automated algorithms and high-speed systems to boost the speed of image acquisition. This technological development extends the area of application for whole slide imaging. For instance, in May 2021, Due to rapid advancements in clinical applications for whole slide imaging and digital pathology, the College of American Pathologists (CAP) has collaborated with the American Society for Clinical Pathology (ASCP) and the Association for Pathology Informatics (API) to update the guideline “Validating Whole Slide Imaging for Diagnostic Purposes in Pathology. The new guidelines will ensure patients get their pathologic diagnosis quickly with the same quality test results and thereby possibly receive treatment sooner. Continual advancements in computational algorithms and image capturing technologies are making a constructive impact on the development of whole slide imaging technologies. Improvements in this technology are leading to a better throughput, error reduction, quick and efficient image capturing, image archiving, and image sharing. For instance, in March 2019, NanoString announced launch of GeoMx Digital Spatial Profiler, a next generation whole slide imaging technology for detailed spatial profiling of nucleic acid molecules. The system was introduced at the American Association of Cancer Research Conference 2019. Further, in March 2022, Inspirata Inc. announced U.S. Food and Drug Administration (FDA) clearance for its Dynamyx digital pathology software. Dynamyx holds the first FDA clearance for digital pathology software with multiple scanners, thus permitting customers to select the finest scanners for their laboratory. This clearance enables Dynamyx customers to use whole slide images (WSIs) for primary diagnosis instead of traditional glass slides, yielding powerful benefits to pathologists and laboratories. Furthermore, in October 2019, Olympus Corporation announced launch of its SLIDEVIEW VS200, an advanced slide scanner for high-resolution image acquisition. The equipment is capable of high-speed data acquisition and image processing of tissue samples as well as single cell. Such technological developments are estimated to drive the adoption of whole slide imaging systems, which would eventually boost the market growth during the forecast period.
Market Overview
The whole slide imaging market in North America is further segmented into the US, Canada, and Mexico. The US held the largest share of the North America whole slide imaging market in 2021. The demand for the market in the region is anticipated to witness growth at a significant rate during the forecast period owing to various factors such as government investment in healthcare infrastructure, increasing awareness regarding the digital pathology along with strategic activities by the manufactures.
North America Whole Slide Imaging Market Revenue and Forecast to 2028 (US$ Million)
Strategic insights for the North America Whole Slide Imaging provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Whole Slide Imaging refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.North America Whole Slide Imaging Strategic Insights
North America Whole Slide Imaging Report Scope
Report Attribute
Details
Market size in 2022
US$ 223.83 Million
Market Size by 2028
US$ 615.72 Million
Global CAGR (2022 - 2028)
18.4%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Type
By Application
By End User
Regions and Countries Covered
North America
Market leaders and key company profiles
North America Whole Slide Imaging Regional Insights
North America Whole Slide Imaging Market Segmentation
The North America whole slide imaging market is segmented into type, application, end user, and country.
3DHISTECH Ltd.; Hamamatsu Photonics K.K.; Indica Labs; Inspirata Inc.; Leica Biosystems Nussloch GmbH (Danaher); Mikroscan Technologies, Inc.; Nikon Corporation; Olympus Corporation; Visiopharm A/S; Akoya Biosciences, Inc.; and Koninklijke Philips N.V. are the leading companies operating in the whole slide imaging market in the region.
The North America Whole Slide Imaging Market is valued at US$ 223.83 Million in 2022, it is projected to reach US$ 615.72 Million by 2028.
As per our report North America Whole Slide Imaging Market, the market size is valued at US$ 223.83 Million in 2022, projecting it to reach US$ 615.72 Million by 2028. This translates to a CAGR of approximately 18.4% during the forecast period.
The North America Whole Slide Imaging Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Whole Slide Imaging Market report:
The North America Whole Slide Imaging Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Whole Slide Imaging Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Whole Slide Imaging Market value chain can benefit from the information contained in a comprehensive market report.