The digital revolution is coming to healthcare, pathology is no exception. This revolution is led by whole slide imaging market (WSI), whose suite of benefits is changing how pathologists characterise illness.
Whole Slide Imaging Market Segmentation: By Type
Hardware
Software
Service
By Application
Telepathology
Cytopathology
Immunohistochemistry
Hematopathology
By End User
Hospital
Pharmaceutical and Biopharmaceutical Companies
Laboratories
Academic Research Institute
Market Dynamics
The whole slide imaging market in the world is witnessing a considerable rise due to the following reasons:
Increasing Demand for Telepathology: The COVID-19 pandemic ushered in telepathology as remote consults became mandatory to provide continuity of care. This is where WSI comes into play for remote diagnosis and second opinions.
More Attention to Digital Pathology: The move away from glass slides and into digital pictures is a very beneficial option for many reasons, such as more efficiency, precision and standardization.
AI/ML Improvements: AI algorithms can analyze WSI images to detect patterns and anomalies to catch diseases early and diagnose them better.
Accumulating Geriatric Population: The ageing population is a result of the increasing prevalence of chronic diseases and thus need for faster diagnosis.
Market Size and Forecast
The whole slide imaging market size is projected to reach US$ 2.45 billion by 2031 from US$ 0.64 billion in 2023. The market is expected to register a CAGR of 18.20% during 20232031.
Key Market Players
Various players are driving the whole slide imaging market:
· Akoya Biosciences Inc
· Olympus
· 3DHISTECH
· Mikroscan Technologies
· Indica Labs
· Inspirata
· Leica Biosystems
· Visiopharm
· Koninklijke Philips N V
· Hamamatsu Photonics K K
Frequently Asked Questions
What is Whole Slide Imaging (WSI)?
WSI digitizes entire microscope slides and makes high-quality digital images from them. These images can be seen, interpreted and exchanged at a distance for telepathology, remote consulting and collaboration.
What are the main benefits of WSI?
· More Effective: Reduces workflow and turn times.
· Improved Precision: Allows you to analyse everything and measure it accurately.
· Remote Collaboration: Supports any place consultations/second-look.
· Standardization: Ensures quality and interpretation of outcomes are the same.
· AI Embedded: Allows AI-driven algorithms to be used for automated analysis and diagnosis.
What are the key market trends for the WSI market?
· Demand for telepathology: More and more consultations and second opinions are offered from a distance.
· Getting more serious about digital pathology: The move away from glass slides and towards digital images has a lot of benefits.
· Machine Learning / AI: AI-enabled algorithms could be used to improve diagnosis and productivity.
· Ageing population: The older the population, the higher the prevalence of chronic diseases.
Who are the Major Market Players In the WSI Market?
· Leica Biosystems
· Hamamatsu Photonics
· 3DHISTECH
· Philips
· Olympus
Where does the WSI market stand shortly?
The WSI market will keep growing exponentially with rising usage in many medical applications. Innovation and market expansion are projected based on AI, cloud-based solutions, and connectivity with other digital pathology tools.
Conclusion
Whole slide scanning is changing the face of pathology for the betterment of clinicians and patients alike. The technology is still in development but will be critical to a better patient experience and medical research.