The Anatomic Pathology Track and Trace Solutions Market Size was valued at USD 642.97 million in 2022, and is expected to reach USD 1460.53 million by 2030 and grow at a CAGR of 10.8% over the forecast period 2023-2030.
Since a while ago, tracking options that make use of bar-codes have also been used in the anatomic pathology laboratories. Anatomic pathology specimens, slides tracking, and blocks all contribute to increased laboratory productivity, improved patient care, and increased patient safety. The tracking of anatomic pathology specimens also benefits research laboratories that use extra clinical data stored in biorepositories.
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The process of tracking implementation is difficult. Before implementing tracking, a workflow analysis in the laboratory is necessary to ensure that the system satisfies their needs. Before the launch and implementation of the tracking system, which aids in exposing the practices, analysis needs certain adjustments. The workflow must alter significantly and the laboratory culture must also adapt for tracking on the programmes. The success of the process depends on planning, buy-in, training, and accountability from each individual.
KEY DRIVERS
More Diagnostic Tests Are Being Run in Anatomic Pathology Laboratories
A Growing number of Legal Cases Concerning Cancer Misdiagnosis
Anatomic Pathology Laboratories Are Consolidating More and More
Increasing the Use of Automated Systems to Increase Laboratory Productivity
RESTRAINTS
Implementing Track and Trace Solutions in Anatomic Pathology Laboratories Comes at a High Cost
OPPORTUNITIES
Growing Quickly in APAC and Latin American Emerging Markets
Integrating Track and Trace Pathology Systems with Laboratory Information Systems
CHALLENGES
Inadequate Common Standards for Specimen Labeling in Anatomic Pathology Laboratories
Governments from all across the world are collaborating with pharmaceutical and biotech companies to address the COVID-19 epidemic, from assisting in the creation of vaccinations to preparing for problems with the supply chain for pharmaceuticals Currently, there are 117 vaccine candidates and roughly 156 chemicals in the R&D pipeline. Additionally, there has been a substantial rise in demand for common drugs like hydroxychloroquine, which is used to treat COVID-19. Due to the dearth of these treatments in many industrialized countries, there is a huge market opportunity for manufacturers of COVID-19 management therapies. The pharmaceutical and biotechnology sector is anticipated to have significant expansion in the next years because to the need for COVID-19 vaccines and treatment medications. Due to these considerations, COVID 19 is anticipated to significantly affect the market for Anatomic Pathology Track and Trace Solutions.
By Product
The market is divided into three categories: consumables, hardware, and software. The market sector predicted to hold the biggest proportion is software. This is primarily caused by the growing demand for automation of the sample labelling process to reduce manual errors, the growing emphasis on enhancing the effectiveness of anatomic laboratories, the expanding use of cloud-based LIMS, and the growing workload in anatomic pathology laboratories.
By Technology
Barcode and RFID are the segments used to group the anatomic pathology track and trace solutions market. Due in large part to end users' increased use of barcode systems as a result of their more affordable price, the barcode segment is anticipated to have a larger share of the market (as compared to RFID).
By Application
Slide tracking, tracking of tissue cassettes and blocks, and tracking of specimens are the three segments of the anatomic pathology track and trace solutions market. Slide tracking is anticipated to experience the greatest CAGR throughout the projected period, primarily as a result of the adoption of tracking systems in anatomic pathology laboratories to decrease specimen identification errors and boost workflow efficiency.
By End User
Hospital laboratories, private and reference laboratories, and other end users make track anatomic pathology and market tracking solutions (contract research organizations, government-sponsored medical laboratories, and research institutes). The section combining independent laboratories and references is expected to have the largest CAGR in the forecast period. The expansion of this market is due to the increase in the number of independent cancer screening tests and the expansion of the world's largest laboratories.
By Product
Software
Hardware
Printers and Labeling Systems
Barcode Scanners and RFID Readers
Mobile Computing Systems
Consumables
Barcode Labels and RFID Tags
Slides
Specimen Containers, Tissue Cassettes, and Blocks
Transport Bags
By Technology
Barcode
RFID
By Application
Slides Tracking
Tissue Cassettes & Blocks Tracking
Specimen Tracking
By End User
Hospital Laboratories
Independent and Reference Laboratories
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According to estimates, the North American market will rise fastest. The increased number of diagnostic tests conducted in anatomic pathology labs, the prevalence of chronic diseases (which is driving up demand for high-quality diagnostic services), and the presence of major market competitors in the area can all be attributable to this. Additionally, the demand for automated labelling systems is being driven in many anatomic pathology laboratories across North America by the need to eliminate specimen identification errors.
REGIONAL COVERAGE
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Some of the major key players are Agilent Technologies, Cerebrum Corporation, AP Easy Software Solutions, General Data Healthcare, Leica Biosystems, Primera Technology, Thermo Fisher Scientific, Sunquest Information Systems, Ventana Medical Systems and Zebra Technologies and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 642.97 Million |
| Market Size by 2030 | US$ 1460.53 Million |
| CAGR | CAGR of 10.8% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Software, Hardware (Printers and Labeling Systems, Barcode Scanners and RFID Readers, Mobile Computing Systems), Consumables (Barcode Labels and RFID Tags, Slides, Specimen Containers, Tissue Cassettes, and Blocks, Transport Bags) • By Technology (Barcode, RFID) • By Application (Slides Tracking, Tissue Cassettes & Blocks Tracking, Specimen Tracking) • By End User (Hospital Laboratories, Independent and Reference Laboratories) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Agilent Technologies, Cerebrum Corporation, AP Easy Software Solutions, General Data Healthcare, Leica Biosystems, Primera Technology, Thermo Fisher Scientific, Sunquest Information Systems, Ventana Medical Systems and Zebra Technologies. |
| Key Drivers | • More Diagnostic Tests Are Being Run in Anatomic Pathology Laboratories • A Growing number of Legal Cases Concerning Cancer Misdiagnosis • Anatomic Pathology Laboratories Are Consolidating More and More |
| Restraints | • Implementing Track and Trace Solutions in Anatomic Pathology Laboratories Comes at a High Cost |
Ans: The expected value of the Anatomic Pathology Track and Trace Solutions Market in 2030 is USD 1460.53 million.
Ans: The CAGR of the Anatomic Pathology Track and Trace Solutions Market is 10.8% over the forecast period 2023-2030.
Growing Quickly in APAC and Latin American Emerging Markets
Integrating Track and Trace Pathology Systems with Laboratory Information Systems
More Diagnostic Tests Are Being Run in Anatomic Pathology Laboratories
A Growing number of Legal Cases Concerning Cancer Misdiagnosis
Ans: The prominent players in the market are Agilent Technologies, Cerebrum Corporation, AP Easy Software Solutions, General Data Healthcare, Leica Biosystems, Primera Technology, Thermo Fisher Scientific, Sunquest Information Systems, Ventana Medical Systems and Zebra Technologies., and others in the final report.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Anatomic Pathology Track and Trace Solutions Market Segmentation, By Product
8.1 Software
8.2 Hardware
8.2.1 Printers and Labeling Systems
8.2.2 Barcode Scanners and RFID Readers
8.2.3Mobile Computing Systems
8.3 Consumables
8.3.1 Barcode Labels and RFID Tags
8.3.2 Slides
8.5.3 Specimen Containers, Tissue Cassettes, and Blocks
8.4.4 Transport Bags
9. Anatomic Pathology Track and Trace Solutions Market Segmentation, By Technology
9.1 Barcode
9.2 RFID
10. Anatomic Pathology Track and Trace Solutions Market Segmentation, By Application
10.1 Slides Tracking
10.2 Tissue Cassettes & Blocks Tracking
10.3 Specimen Tracking
11. Anatomic Pathology Track and Trace Solutions Market Segmentation, By End User
11.1 Hospital Laboratories
11.2 Independent and Reference Laboratories
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Agilent Technologies
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Cerebrum Corporation
13.3 AP Easy Software Solutions
13.4 General Data Healthcare
13.5 Leica Biosystems
13.6 Primera Technology
13.7 Thermo Fisher Scientific
13.8 Sunquest Information Systems
13.9 Ventana Medical Systems
13.10 Zebra Technologies
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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