AI in Pathology Market Size Worth $89.71 Million By 2032 | CAGR: 15.30%

The global AI in pathology market size is expected to reach USD 89.71 million by 2032, according to a new study by Polaris Market Research. The report “AI in pathology Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Scanners); By Neural Network; By Application; By End User; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Initially, pathologists are used to examine pathology slides using microscopes. Visual observation and subjective interpretation have become ineffective in preventing intra- and interobserver disagreement. This facilitated the use of artificial intelligence in pathology, as automated approaches will improve the speed and accuracy of results, primarily through digital imaging. A recent study published in PubMed Central in 2022 evaluated the application of AI in pathology, along with trends and challenges.

The rising use of AI in computer applications is gaining traction among pathologists. The evolution of artificial intelligence, along with deep learning, is enabling image-based diagnosis with a background in digital pathology. Furthermore, the use of artificial intelligence by pathologists will save time and reduce errors, driving its use primarily in laboratories with more cases in the coming years.

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The growing adoption of digital pathology laboratories at the global level is driving the use of artificial intelligence in the various tasks in pathology. A study published in 2023 focused on reviewing the digitalization of pathology labs. It revealed the benefits of digitalization, including lower reading time for cases and the need for second opinions. Digital pathology makes the diagnosis process faster and more efficient as it uses machine learning and artificial intelligence for the identification of diseases, symptoms, and ailments. This will enable scientists and doctors to choose the best treatment options, resulting in better patient outcomes.

As researchers come forward to check the reliability of artificial intelligence in pathology, there will be a rise in awareness about it among doctors, which may increase the adoption rate in the next few years.

AI in Pathology Market Report Highlights

• The software segment is anticipated to witness the highest growth in the coming years due to advanced algorithms and improved diagnostics.
• Conventional neural network segment accounted for the largest market share owing to the application of AI in image analysis.
• The drug discovery segment is projected to experience a larger revenue share due to its ability to provide personalized medication.
• Hospitals and reference laboratory segments are expected to witness significant growth owing to the prevalence of a higher caseload related to pathology.
• Asia Pacific is projected to register the largest growth rate in the study period owing to the growing healthcare AI market.
• The global players include 4D Path, Aiforia Technologies, Aiosyn, Akoya Biosciences, deepPath, Deep Bio, Hologic, Ibex Medical Analytics & Indica Labs.

Polaris Market Research has segmented the AI in pathology market report based on component, neural network, application, end user and region:

AI in Pathology, Component Outlook (Revenue - USD Million, 2019 - 2032)

• Software
• Scanners

AI in Pathology, Neural Network Outlook (Revenue - USD Million, 2019 - 2032)

• Generative adversarial networks (GANS)
• Convolutional neural networks (CNNs)
• Recurrent neural networks (RNNs)
• Others

AI in Pathology, Application Outlook (Revenue - USD Million, 2019 - 2032)

• Drug Discovery
• Disease Diagnosis & Prognosis
• Clinical Workflow
• Training & Education

AI in Pathology, End User Outlook (Revenue - USD Million, 2019 - 2032)

• Pharmaceutical & Biotechnology Companies
• Hospitals & Reference Laboratories
• Academic & Research Institutes

AI in Pathology, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

AI in Pathology Market Report Scope