Saudi Arabia Digital Pathology Market
Saudi Arabia Digital Pathology Market, By Category (Human Pathology, Veterinary Pathology), By Product Type (Scanners, Software, Integrated, Standalone, Storage Systems, and Others), By Application (Teleconsultation, Disease Diagnosis, Drug Discovery, Training and Education, and Others), By End-User (Pharmaceutical & Biotechnology Companies, Hospitals and Reference Laboratories, Academic & Research Institutes, and Other), Trend Analysis, Competitive Market Share & Forecast, 2018-2028
- Published Date: June 2022
- Report ID: BWC22201
- Available Format: PDF
- Page: 114
Report Overview
Saudi Arabia Digital Pathology Market is flourishing owing to expanding healthcare industry, growing adoption of digital pathology to improve lab efficiency, and increasing demand for accurate diagnosis along with the rapid technological advancements in digital pathology systems...
Saudi Arabia Digital Pathology Market - Industry Trends & Forecast Report 2028
Saudi Arabia Digital Pathology Market is anticipated to grow at a CAGR of 11.5% during the forecast period (2022-2028). The rapid expansion of the market is predominantly due to the rapidly growing emphasis on improving workflow efficiency and the demand for faster chronic disease diagnostic tools. Also, the rising prevalence of chronic diseases is expected to increase clinical urgency to adopt digital pathology to improve existing patient diagnostic imaging measures. Moreover, advances such as microarrays and the incorporation of a diverse set of predictive models, such as hybrid models and API algorithms, are expected to drive demand for digital image analysis. Furthermore, the use of advanced technology such as Artificial Intelligence (AI) in healthcare is increasing, with a growing emphasis on improving patient care quality by incorporating AI into various aspects of healthcare services, such as pathological diagnosis. All these factors boost the growth of the Saudi Arabia Digital Pathology Market during the forecast period (2022-2028).
Digital Pathology - Overview
Digital pathology is a branch of pathology that focuses on data management using data generated from digitized specimen slides. Digital pathology employs virtual microscopy through the use of computer-based technology. Moreover, it is a dynamic, image-based environment for acquiring, managing and interpreting pathology information generated from a digitized glass slide. Furthermore, digital pathology is rapidly gaining traction as a proven and necessary technology, with specific support for education, tissue-based research, drug development, and human pathology practice around the world. It is an innovation dedicated to lowering laboratory costs, increasing operational efficiency, increasing productivity, and improving treatment decisions and patient care.
Saudi Arabia Digital Pathology Market Forecast and Trends
Growth Drivers
Growing Adoption of Digital Pathology to Improve Lab Efficiency
Increasing the use of digital pathology will increase lab productivity. By lowering costs, speeding up turnaround times, and giving customers access to subject-matter expertise, digital pathology increases lab efficiency. Patients and doctors depend on lab data for diagnosis, and diagnostic tests must be conducted and reported swiftly and precisely. This makes lab efficiency improvements essential. Furthermore, pathologists can access digital slides without having to pay for delivery or take a trip. Lockdowns and limits on social interaction have been put in place as a result of the COVID-19 pandemic outbreak. Because pathologists can use digital pathology solutions to evaluate diagnostic data for primary diagnosis remotely, these limitations have raised the demand for these technologies.
Increasing Demand for Accurate Diagnosis
The Saudi Arabia Digital Pathology Market is growing due to an increase in cancer prevalence, an increase in the demand for accurate diagnostics, and the development of new digital pathology systems by a large number of key players.
Furthermore, the growing geriatric population and rapid technological advancements in digital pathology systems are driving the growth of the digital pathology market. Furthermore, the rapid increase in the geriatric population, which is more prone to cardiac disorders, can be attributed to the rising number of cancer cases. This is expected to accelerate market growth. As a result, the development of new technologies in digital pathology systems has resulted in increased market growth.
Rapid Technological Advancements in Digital Pathology Systems
Rapid technological advancements in digital pathology systems are the key driver for market expansion. Digital imaging, computerization, robotic light microscopy, and multiple fiber optic communications are all contributing to the expansion. Whole slide imaging is one such technique that has several advantages over conventional light microscopes and is expected to provide lucrative opportunities in this market. The use of Artificial Intelligence AI in healthcare is increasing, with a growing emphasis on improving patient care quality by incorporating AI into various aspects of healthcare services, such as pathological diagnosis. All these factors boost the growth of the Saudi Arabia Digital Pathology Market during the forecast period (2022-2028).
Restraints
High Cost of Digital Pathology Systems
A typical digital pathology system costs between USD 500,000 and USD 700,000 and includes a slide scanner, an image server, and software. Although large hospitals with large capital budgets can afford these systems, pathologists and academic institutes with limited budgets or IT support frequently cannot. Healthcare providers, particularly those in developing regions, lack the financial resources to invest in such expensive technologies. Furthermore, trained personnel are required for the efficient operation and maintenance of digital pathology systems. The high cost of these systems, combined with the challenge of a skilled workforce shortage. All these factors restrain the growth of the Saudi Arabia Digital Pathology Market.
Impact of COVID-19 on Saudi Arabia Digital Pathology Market
Because of the COVID-19 pandemic-induced lockdown and social distancing restrictions, there has been an increase in the use of digital pathology solutions that enable remote access to diagnostic tests performed in certified testing laboratories. Sales of digital pathology scanners and storage devices fell in 2019-2020 due to a lack of interactions required for device demonstrations to clients and a decrease in the number of pathological tests performed in laboratories. However, after 2020, the demand for digital pathology solutions has increased. They aid in the continuity of patient care, reduce the risk of coronavirus exposure among healthcare professionals, and prevent the disruption of critical pathology services.
Saudi Arabia Digital Pathology Market - By Category
Based on the category, the Saudi Arabia Digital Pathology Market is segmented into Human Pathology and Veterinary Pathology. Among these, Human Pathology accounts for the largest share in the Saudi Arabia Digital Pathology Market. This is due to the rising number of cancer research activities and growing collaborations among research institutes, universities, and pathology laboratories. All these factors propel the growth of the Saudi Arabia Digital Pathology Market during a forecast period (2022-2028).
Saudi Arabia Digital Pathology Market – By Product Type
Based on product type, the Saudi Arabia Digital Pathology Market is segmented into Scanners, Software, Integrated, Standalone, Storage Systems, and Others. Among these, the Scanners segment holds the largest market share owing to its increase in R&D activities in the pharmaceutical and medical device industries. Also, an increase in disease diagnosis demand and a surge in the adoption of digital pathology systems. However, the software segment is expected to grow significantly during the forecast period (2022-2028), owing to an increase in the number of cancer cases and an increase in the number of key players in the medical device industry developing digital pathology systems. All these factors boost the growth of the Saudi Arabia Digital Pathology Market during the forecast period (2022-2028).
Saudi Arabia Digital Pathology Market - By Application
Based on application, the Saudi Arabia Digital Pathology Market is segmented into Teleconsultation, Disease Diagnosis, Drug Discovery, Training and Education, and Others. The Disease Diagnosis segment now has the biggest market share and is likely to continue to do so during the forecast period (2022-2028). This is due to the increase in the number of cardiac disorders and the demand for digital pathology systems for disease diagnosis. However, drug discovery is expected to grow significantly during the forecast period due to an increase in the number of cancer cases, an increase in the use of digital pathology systems, and the development of new digital pathology systems in clinical laboratories.
Competitive Landscape
The leading market players in the Saudi Arabia Digital Pathology Market are Nikon Corporation, Koninklijke Philips N.V., 3DHISTECH Ltd., Perkin Elmer, Inc., Danaher, F. Hoffmann-La Roche LTD., Sectora AB, and other prominent players
The India Brake Pad Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.
Recent Development
- The Kingdom of Saudi Arabia espoused “Vision 2030” as a strategy for economic development and national growth. To fulfill this, the Kingdom launched a national transformation program (NTP) as outlined in “vision 2030” in June 2016. The health care transformation is one of the eight themes of the NTP’s. The Kingdom aims to modernize the health care system to reach the “vision 2030” goal.
Scope of the Report
Attributes | Details |
Years Considered | Historical data – 2018-2021 |
Base Year – 2021 | |
Forecast – 2022 – 2028 | |
Facts Covered | Revenue in USD Million |
Product Service/Segmentation | By Category, By Product Type, By Application, By End-User |
Key Players | Nikon Corporation, Koninklijke Philips N.V., 3DHISTECH Ltd., Perkin Elmer, Inc., Danaher, F. Hoffmann-La Roche LTD., Sectora AB, and other prominent players |
By Category
- Human Pathology
- Veterinary Pathology
By Product Type
- Scanners
- Software
- Integrated
- Standalone
- Storage Systems
- Others
By Application
- Teleconsultation
- Disease Diagnosis
- Drug Discovery
- Training and Education
- Others
By End-User
- Pharmaceutical & Biotechnology Companies
- Hospitals and Reference Laboratories
- Academic & Research Institutes
- Others
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumption & Limitation
- Qualitative Research
- Executive Summary
- Saudi Arabia Digital Pathology Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Restraints
- Opportunities
- Challenges
- Technological Landscape/Recent Development
- PESTEL Analysis
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Saudi Arabia Digital Pathology Market Overview
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Category
- Human Pathology
- Veterinary Pathology
- By Product Type
- Scanners
- Software
- Integrated
- Standalone
- Storage Systems
- Others
- By Application
- Teleconsultation
- Disease Diagnosis
- Drug Discovery
- Training and Education
- Others
- By End-User
- Pharmaceutical & Biotechnology Companies
- Hospitals and Reference Laboratories
- Academic & Research Institutes
- Others
- By Category
- Market Size & Forecast by Value, 2018-2028
- Competitive Landscape
- List of Key Players and their Offerings
- Players’ Market Share Analysis, 2021
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Merger, Acquisition, Business Expansion, Agreement, Partnership and Product Launch)
- Impact of COVID-19 on Saudi Arabia Digital Pathology Industry
- Saudi Arabia Digital Pathology Industry Opportunity and Assessment
- Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- Nikon Corporation
- Koninklijke Philips N.V.
- 3DHISTECH Ltd.
- Perkin Elmer, Inc.
- Danaher
- F. Hoffmann-La Roche LTD.
- Sectora AB
- Other Prominent Players
- Key Strategic Recommendations
Note:
- Financial Information of non-listed companies will be provided as per the availability
- The segmentation and the companies are subjected to modification based on in-depth secondary for the final deliverable.
List of Figures
Figure 1 Saudi Arabia Digital Pathology Segmentation
Figure 2 Saudi Arabia Digital Pathology Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 Saudi Arabia Digital Pathology Market Size, By Value (USD Million), 2018-2028
Figure 5 Saudi Arabia Digital Pathology Market Share, By Category, By Value, 2018-2028
Figure 6 Saudi Arabia Digital Pathology Market Share, By Product Type, By Value, 2018-2028
Figure 7 Saudi Arabia Digital Pathology Market Share, By Application, By Value, 2018-2028
Figure 8 Saudi Arabia Digital Pathology Market Share, By End-User, By Value, 2018-2028
List of Tables
Table 1 Saudi Arabia Digital Pathology Market Size, By Category, By Value, 2018-2028
Table 2 Saudi Arabia Digital Pathology Market Size, By Product Type, By Value, 2018-2028
Table 3 Saudi Arabia Digital Pathology Market Size, By Application, By Value, 2018-2028
Table 4 Saudi Arabia Digital Pathology Market Size, By End-User, By Value, 2018-2028
Table 5 Nikon Corporation Company Overview
Table 6 Nikon Corporation Financial Overview
Table 7 Koninklijke Philips N.V. Company Overview
Table 8 Koninklijke Philips N.V. Financial Overview
Table 9 3DHISTECH Ltd. Company Overview
Table 10 3DHISTECH Ltd. Financial Overview
Table 11 Perkin Elmer, Inc. Company Overview
Table 12 Perkin Elmer, Inc. Company Financial Overview
Table 13 Danaher Company Overview
Table 14 Danaher Financial Overview
Table 15 F. Hoffmann-La Roche LTD. Company Overview
Table 16 F. Hoffmann-La Roche LTD. Financial Overview
Table 17 Sectora AB Company Overview
Table 18 Sectora AB Financial Overview
Market Segmentation
By Category
- Human Pathology
- Veterinary Pathology
By Product Type
- Scanners
- Software
- Integrated
- Standalone
- Storage Systems
- Others
By Application
- Teleconsultation
- Disease Diagnosis
- Drug Discovery
- Training and Education
- Others
By End-User
- Pharmaceutical & Biotechnology Companies
- Hospitals and Reference Laboratories
- Academic & Research Institutes
- Others
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