Global Digital Pathology Market Trends, Forecast Report 2025-2037
Digital Pathology Market size is projected to grow from USD 1.27 billion to USD 5.14 billion, witnessing a CAGR of over 11.3% during the forecast timeline, between 2025 and 2037. In the year 2025, the industry size of digital pathology is assessed at USD 1.39 billion.
The market growth can be attributed primarily to rising prevalence of cancer worldwide. Globally, cancer causes more than 10 million deaths each year, according to the World Health Organization. Digital pathology subfield focuses on managing data collected from digitized specimen slides using information generated from those slides. Through the use of computer-based technology, digital pathology utilizes virtual microscopy. A computer monitor can be used to view, share, manage, analyze and interpret glass slides transformed into digital slides.
Moreover, growing elderly population, the rapid development in advance pathology technology, growing number of healthcare organizations adopting digital imagining, introduction of hybrid models along with rising healthcare spending is expected to drive the global market growth. According to the Centers for Medicare & Medicaid Services, US healthcare spending accounted for USD 4.1 trillion in 2020, representing 19.7% of the nation's GDP.
