As per the report published by The Brainy Insights, the global whole slide imaging market is expected to grow from USD 408.6 million in 2021 to USD 1678.6 million by 2030, at a CAGR of 17% during the forecast period 2022-2030.
The rising popularity of virtual slides as compared to physical slides is driving the growth of the market along with the technological advancements in whole slide imaging. But the high investment in the maintenance and procurement of the technologically advanced whole slide imaging products is restraining the market’s growth. However, the development in the technology of whole slide imaging products is expected to increase the adoption rate of the whole slide imaging system in the healthcare sector. It will offer immense opportunities for market growth during the forecast period. The challenge faced by this market includes the lack of skilled personnel for operating the equipment of the whole slide imaging.
Competitive Strategy
To enhance their market position in the global whole slide imaging market, the key players are now focusing on adopting the strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships.
● In May 2019, Leica Biosystems’ Aperio AT2 DX System, a digital pathology system, received FDA approval. Aperio AT2 DX System is compatible with whole slide imaging systems.
Market Growth & Trends
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With technological advancements in digital pathology, the usage of digital slides increased for studying the disease condition accurately. Artificial intelligence technology is being used for assisting computers with precise research on the development of medicines. As per a research report by the World Health Organization (WHO), around 69% of deaths in low- and middle-income countries happen due to cancer. Breast cancers and lung cancer are reportedly the most dominant types of cancer globally. The increasing research and development activities for cancer treatment andpersonalized medicines are driving the growth of the whole slide imaging market, especially for breast cancer treatment.
Source: Finance.Yahoo
