Global Whole Slide Imaging Market: Regional Insights
Based on geography, the global whole slide imaging market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Among regions, North America is expected to gain highest share in the market over the forecast period owing to the rising incidence of cancer and increasing adoption of digital pathology to enhance lab efficiency in the region. For instance, according to the American Cancer Society, around 1.9 million new cancer cases and 609,360 deaths from cancer are expected to occur in the United States in 2022. A significant increase in cancer incidence is anticipated to increase the need for diagnostic laboratories and accelerate market expansion.
Asia Pacific is also expected to witness robust growth in the global whole slide imaging market due to the expanding population base prone to various diseases and rise in the number of drug discovery activities in the region, especially in India. For instance, in August 2020, the Indian Government planned to make a fresh push for indigenous drug discovery, and set up a dedicated (R&D) research & development cell to oversee the efforts. India is home to over 3,000 pharma companies and a network of over 10,500 manufacturing facilities, as well as India is the third-largest seller of medicines in the world.
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