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Report Overview
The global AI in pathology market was valued at USD 24.15 Billion in 2023, driven by the growing volume of pathology data and the rising demand for accurate and early diagnosis across the globe. It is expected to grow at a CAGR of 9.12% during the forecast period of 2024-2032, and attain a market value of USD 52.97 Billion by 2032.
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
- In June 2023, MindPeak GmbH and Proscia Inc. partnered to offer integrated AI pathology workflows for cancer patients, using Lumia's platform and digital scanning solutions. Such collaborations are poised to fuel market growth in the forecast period.
- In April 2023, Indica Labs Inc. and Lunit Inc. reached an agreement to fully incorporate Lunit's AI pathology products into HALO AP image management software. This integration enables pathologists and labs to provide quicker and more precise results, thereby elevating the market value of AI solutions in pathology.
- The robust regulatory support from health authorities such as the FDA and ongoing research and development efforts are likely to boost the market size in the coming years.
AI in Pathology Market Overview
The integration of artificial intelligence into pathology includes studying tissues, analyzing data with algorithms, and aiding pathologists in various tasks. This approach enhances effectiveness, minimizes mistakes, and enables customized healthcare. The growing emphasis on precision in diagnosis and comprehensive assessments is anticipated to propel market expansion in the coming years. Additionally, the advancements in diagnostic tools powered by AI are expected to drive market growth.
AI in Pathology Market Growth Drivers
Growing Demand for Diagnostic Accuracy and Rigorous Evaluation
AI technology is driving market expansion in pathology by increasing diagnostic accuracy. The article published in May 2024 shows growing utilization of artificial intelligence in the healthcare sector, specifically in digital pathology, is improving the accuracy of diagnoses. Research and validation of AI's effectiveness drive the market, prompting additional evaluation and standardization to guarantee reliability and regulatory compliance.
AI in Pathology Market Trends
The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:
AI in Pathology Market Segmentation
The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Component
- Software
- Scanners
Market Breakup by Neural Network
- Generative adversarial networks (GANS)
- Convolutional neural networks (CNNs)
- Recurrent neural networks (RNNs)
- Others
Market Breakup by Application
- Drug Discovery
- Clinical Workflow
- Disease Diagnosis and Prognosis
- Other Applications
Market Breakup by End User
- Pharmaceutical and Biotechnological Companies
- Hospitals & Laboratories
- Research and Academic Institutes
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
AI in Pathology Market Share
Market Segmentation Based on the Component to Witness Growth
The AI pathology market is segmented into software and scanner categories, with software expected to lead the market share. The rise in AI software usage is the reason for this dominance, as it allows pathologists to expedite results, improve understanding of patient conditions, and rapidly devise recovery plans.
AI in Pathology Market Analysis by Region
Based on region, the market report covers North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Strong healthcare infrastructure and AI technology adoption are poised to position North America as one of the leading regional markets. In the meantime, it is also anticipated that Europe and Asia-Pacific will also witness substantial growth due to rising investments in healthcare.
Leading Players in the AI in Pathology Market
The key features of the market report include patent analysis, grant analysis, funding, and investment analysis, clinical trials analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:
Koninklijke Philips N.V.
Philips, a Dutch multinational conglomerate established in 1891, is commonly known as Koninklijke Philips N.V. In May 2024, they announced that they are working together with Amazon Web Services (AWS) to improve digital pathology using AI in the cloud. The collaboration merges Philips' knowledge in digitizing clinical workflows with AWS' secure cloud services to enhance patient care.
F. Hoffmann-La Roche Ltd
Roche is a Swiss company that operates in the healthcare sector, specializing in pharmaceuticals and diagnosti...
Hologic, Inc.,
Hologic, Inc. is a medical technology company headquartered in the United States that provides diagnostic, sur...
Indica Labs, Inc.
Indica Labs specializes in AI-driven digital pathology software and services and is a leading provider in the ...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Ibex Medical Analytics Ltd., Aiforia Technologies, Paige AI, Inc., DeePathology Ltd., Qritive, and Proscia Inc.
Key Questions Answered in the AI in Pathology Market Report
- What was the AI in pathology market value in 2023?
- What is the AI in pathology market forecast outlook for 2024-2032?
- What are the regional markets covered in the EMR report?
- What is the market segmentation based on the component?
- What is the market segmentation based on the neural network?
- What is the market breakup based on application?
- What is the market breakup based on the end user?
- What are the major factors aiding the AI in pathology market demand?
- How has the market performed so far and how is it anticipated to perform in the coming years?
- What are the major drivers, opportunities, and restraints in the market?
- What are the major trends influencing the market?
- Which regional market is expected to dominate the market share in the forecast period?
- Which country is likely to experience elevated growth during the forecast period?
- Who are the key players involved in the AI in pathology market?
- What are the current unmet needs and challenges in the market?
- How are partnerships, collaborations, mergers, and acquisitions among the key market players shaping the market dynamics?
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Component |
|
| Breakup by Neural Network |
|
| Breakup by Application |
|
| Breakup by End User |
|
| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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