South Africa Digital Pathology Market Size & Outlook
South Africa digital pathology market, 2018-2030 (US$M)
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South Africa digital pathology market highlights
- The South Africa digital pathology market generated a revenue of USD 3.7 million in 2023 and is expected to reach USD 6.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9.3% 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 3.7 million |
| Market revenue in 2030 | USD 6.9 million |
| Growth rate | 9.3% (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, South Africa accounted for 0.4% 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 Middle East & Africa, Saudi Arabia digital pathology market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 10.2 million by 2030.
Device was the largest segment with a revenue share of 51.35% in 2023. Horizon Databook has segmented the South Africa digital pathology market based on software, device, storage systems covering the revenue growth of each sub-segment from 2018 to 2030.
Middle East and Africa represents the greatest unmet need for pathology services in the world. Pathology informatics in Africa has mainly focused on telepathology applications primarily with European collaborators to seek expert consultation and to outsource their work.
The countries such as South Africa, which have relatively advanced internet & telecommunications services and more pathologists are placed at a position to better leverage multiple digital pathology efforts with the collaborators from other nations.
African region witnessed a transformational change in digital pathology due to introduction of computers into healthcare coupled with advanced networking technologies like Internet.
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Digital Pathology Market Scope
Digital Pathology Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa digital pathology market size, by product, 2018-2030 (US$M)
South Africa Digital Pathology Market Outlook Share, 2023 & 2030 (US$M)
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