North America Whole Slide Imaging Market Future Forecast and Growth till 2023
North America has been the dominating market in the whole slide imaging from considerably long time due the early onset of the technology and adoption from the pathologists and common people. Whole Slide Imaging, as the name suggests, is a digital slide conversion mechanism that uses the conventional slides and enhances them to improve the accuracy of diagnostics and reducing the work of pathologists.
North America Whole Slide Imaging Market Size and Growth Rate:
As per the latest reports published by Research Cosmos, the global North America Whole Slide Imaging Market is projected to reach USD 416 Million by 2023 growing at a CAGR of 13.87% during the forecast period.
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North America Whole Slide Imaging Market Growth Drivers, Challenges and Opportunities:
The whole slide imaging (WSI) has huge growth potential in the North American countries as the traditional histopathological method is being in use across the region. To state that precisely, around 1.5 billion slides have been investigated using manual techniques in the United States alone every year, and this is going to pave the way for the all new WSI technique. Additionally, the growing prevalence of chronic diseases, robust healthcare infrastructure, rising awareness about the benefits of WSI method, mounting demand from pathologists and research institutes, etc., have been accelerating the demand for this market in North America.
WSI is having wide range of applications in telepathology, hematopathology, immunohistochemistry, and cytopathology. The increasing rate of caner mortalities around the globe has been pushing the need for accurate and precise diagnosis, which benefits the market for whole slide imaging. The increasing adoption in laboratories and benefits like remote access to healthcare professions will further drive the North America market towards huge profits in the coming years.
Regional Presence of North America Whole Slide Imaging Market:
Apart from the large-scale adoption in the United States, the market is also spread across Canada and Mexico. Recently, in Canada, the whole slide imaging telepathology program at University Health Network has been extended the support of initially frozen-segment to a hospital that is around 400 miles from Toronto and do not have an allocated pathologist. Thus, the market is expected to have strong growth in regions like Canada compared to the US, where the market will reach maturity soon.
The Food and Drug Administration agency of the United States has however, not allowed the WSI method for H&E diagnosis. But some of the companies in the industry have already initiated the process for approval. It is also announced by the Digital Pathology association that the vendors interested in selling the WSI devices must provide de-novo applications to the US Food and Drug Administration entity.
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Key Players of North America Whole Slide Imaging Market:
Some of the prominent players in the North America whole slide imaging market are Philips Healthcare, Digipath Inc, GE Healthcare, Ventana Medical Systems, Inc, Mikroscan Technologies, Omnyx LLC, and others.
North America Whole Slide Imaging Market Segmentation:
By Components:
- Hardware
- Software
By Application:
- Diagnostics
- Education
- Research Purposes
By End User:
- Pharmaceutical and Biotechnology Companies
- Academic and Research Institutes
- Hand Reference Laboratories
By Country:
- Canada
- USA
- Mexico
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