Report Overview

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

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

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Saudi Arabia Digital Pathology Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. PESTEL Analysis
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Saudi Arabia Digital Pathology Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Category
         1. Human Pathology
         2. Veterinary Pathology
      2. By Product Type
         1. Scanners
         2. Software
            1. Integrated
            2. Standalone
         3. Storage Systems
         4. Others
      3. By Application
         1. Teleconsultation
         2. Disease Diagnosis
         3. Drug Discovery
         4. Training and Education
         5. Others
      4. By End-User
         1. Pharmaceutical & Biotechnology Companies
         2. Hospitals and Reference Laboratories
         3. Academic & Research Institutes
         4. Others
6. Competitive Landscape
   1. List of Key Players and their Offerings
   2. Players’ Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Business Expansion, Agreement, Partnership and Product Launch)
7. Impact of COVID-19 on Saudi Arabia Digital Pathology Industry
8. Saudi Arabia Digital Pathology Industry Opportunity and Assessment
9. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
   1. Nikon Corporation
   2. Koninklijke Philips N.V.
   3. 3DHISTECH Ltd.
   4. Perkin Elmer, Inc.
   5. Danaher
   6. F. Hoffmann-La Roche LTD.
   7. Sectora AB
   8. Other Prominent Players
10. 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