India Digital Pathology Market Size & Outlook, 2023-2030
India digital pathology market, 2018-2030 (US$M)
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India digital pathology market highlights
- The India digital pathology market generated a revenue of USD 31.6 million in 2023 and is expected to reach USD 62.4 million by 2030.
- The India market is expected to grow at a CAGR of 10.2% 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 31.6 million |
| Market revenue in 2030 | USD 62.4 million |
| Growth rate | 10.2% (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, India accounted for 3.1% 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 Asia Pacific, Japan digital pathology market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 62.4 million by 2030.
Device was the largest segment with a revenue share of 52.22% in 2023. Horizon Databook has segmented the India digital pathology market based on software, device, storage systems covering the revenue growth of each sub-segment from 2018 to 2030.
The India digital pathology market is anticipated to grow exponentially and is driven by an increase in the number of international collaborations & partnerships and improvements in healthcare infrastructure.
The Ministry of Health and Family Welfare plans to establish an Integrated Health Information Platform (IHIP) that aims at creating standards for EHR and facilitate accessibility through a centralized HIE platform. The IHIP is also focused on preventing medical record errors and providing support for decision making& countrywide data integration.
In addition, the National Health Policy 2017 envisages the setup of pathology network and National Digital Health Authority (NDHA) to ensure the maintenance of electronic databases and health surveillance systems, thus augmenting the adoption of digital pathology systems.
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Digital Pathology Market Scope
Digital Pathology Market Companies
| Name | Profile | # Employees | HQ | Website |
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India digital pathology market size, by product, 2018-2030 (US$M)
India Digital Pathology Market Outlook Share, 2023 & 2030 (US$M)
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