Latin America Digital Pathology Market Size & Outlook
Latin America digital pathology market, 2018-2030 (US$M)
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Latin America digital pathology market highlights
- The Latin America digital pathology market generated a revenue of USD 66.1 million in 2023.
- The market is expected to grow at a CAGR of 8.2% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 66.1 million |
| Market revenue in 2030 | USD 114.8 million |
| Growth rate | 8.2% (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, Latin America region accounted for 6.4% 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 52.19% in 2023. Horizon Databook has segmented the Latin America digital pathology market based on software, device, storage systems covering the revenue growth of each sub-segment from 2018 to 2030.
With the fastest growing digital and technologically enabled population in the world, Latin America is expected to register speedy market growth for digital pathology market. This growth is attributed to various factors such as increasing healthcare awareness and availability of technically advanced procedures for the diagnosis and treatment of fatal diseases. Moreover, rising prevalence of cancer in this region is expected to drive the market growth of digital pathology over the forecast period.
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Digital Pathology Market Scope
Digital Pathology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America digital pathology market size, by country, 2018-2030 (US$M)
Latin America Digital Pathology Market Outlook Share, 2023 & 2030 (US$M)
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