Brazil Digital Pathology Market Size & Outlook, 2023-2030
Brazil digital pathology market, 2018-2030 (US$M)
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Brazil digital pathology market highlights
- The Brazil digital pathology market generated a revenue of USD 15.3 million in 2023 and is expected to reach USD 26.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, device was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
Digital pathology market data book summary
| Market revenue in 2023 | USD 15.3 million |
| Market revenue in 2030 | USD 26.3 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Device |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Software, Device, Storage Systems |
| Key market players worldwide | Danaher Corp, Hamamatsu Photonics KK, Koninklijke Philips NV, Olympus Corp, Roche Holding AG ADR, McCormick & Co Inc Registered Shs Non Vtg, Inspire Medical Systems Inc, PHC Holdings Corp, Huron Consulting Group Inc, CellaVision AB Bearer Shs, IBEX Ltd, Morphic Holding Inc, Nuvation Bio Inc Ordinary Shares - Class A |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.5% of the global digital pathology market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil digital pathology market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 15.8 million by 2030.
Device was the largest segment with a revenue share of 52.29% in 2023. Horizon Databook has segmented the Brazil digital pathology market based on software, device, storage systems covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is expected to achieve rapid growth over the forecast period due to rising awareness among people about digital pathology procedures and availability of healthcare facilities. Also, in Brazil, there are few studies on telepathology or digital pathology which on the author's personal experience or on the institutional experience regarding the use of telepathology workstations.
The criteria used for evaluating the results are diagnostic specificity, accuracy and sensitivity of digital samples coupled with direct observation of percentage rates of agreement or disagreement between interobserver (virtual microscopy, remote) and intra observer (optical microscope slides) diagnosis. The studies concluded digital pathology as an inevitable and growing market over the forecast period.
Moreover, key players are expanding into countries such as Brazil to strengthen its market position, which is anticipated to expedite its adoption over the coming years in Brazil. For instance, in April 2013, Leica Microsystems and Leica Biosystems collaborated with Brazilian distributor, Aotech Instrument Cientificos Ltd.
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Digital Pathology Market Scope
Digital Pathology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil digital pathology market size, by product, 2018-2030 (US$M)
Brazil Digital Pathology Market Outlook Share, 2023 & 2030 (US$M)
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