Europe Digital Pathology Market Size & Outlook, 2023-2030
Europe digital pathology market, 2018-2030 (US$M)
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Europe digital pathology market highlights
- The Europe digital pathology market generated a revenue of USD 297.8 million in 2023.
- The market is expected to grow at a CAGR of 7.4% 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.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 297.8 million |
| Market revenue in 2030 | USD 489.5 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Device |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 28.9% of the global digital pathology market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 395.3 million by 2030.
Device was the largest segment with a revenue share of 50.97% in 2023. Horizon Databook has segmented the Europe digital pathology market based on software, device, storage systems covering the revenue growth of each sub-segment from 2018 to 2030.
The European Digital Pathology market followed North America in terms of revenue share in 2016 and is expected to remain unaltered till 2025. The size of the market is justified by contribution from developed European economies such as Germany and the UK. High prevalence of various chronic diseases, such as cancer and cardiovascular conditions, along with large number of diagnostic imaging centers in Europe propels the market growth.
The presence of government initiatives for continued R&D in digital pathology is another key factor that drives the growth of this market. The European Institute of Biomedical Imaging Research has invested more than USD 66.84 million for biomedical imaging research over the past decade.
Furthermore, The European region has gained momentum for digital pathology due to growing geriatric population base resulting in increasing adoption of digital pathology in European countries and successful implementation of pathology projects in this region. Furthermore, Europe hosts various digital pathology conferences that aim to bring professionals under one roof and bring to light the ongoing developments in digital pathology.
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Digital Pathology Market Scope
Digital Pathology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe digital pathology market size, by country, 2018-2030 (US$M)
Europe Digital Pathology Market Outlook Share, 2023 & 2030 (US$M)
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