$695 Mn Anatomic Pathology Track & Trace Solutions Market - Global Forecast to 2023
DUBLIN, Oct. 23, 2018 /PRNewswire/ --
The "Anatomic Pathology Track & Trace Solutions Market by Product (Software, Hardware (Printer & Labeling Systems), Consumables), Technology (Barcode, RFID), Application (Tissue Cassette, Slide Tracking), End User - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global anatomic pathology track and trace solutions market is projected to reach USD 695.7 million by 2023 from USD 424.2 million in 2018, at a CAGR of 10.4%.
The increasing volume of diagnostic tests performed in anatomic pathology laboratories, rising number of legal cases around cancer misdiagnosis, benefits of automated labeling solutions, increasing consolidation among anatomic pathology laboratories, and the growing adoption of automated systems to enhance the efficiency of laboratories are the major factors driving the growth of this market. However, the high cost associated with the implementation of track and trace solutions in anatomic pathology laboratories is expected to restrain the growth of this market during the forecast period.
In this report, the anatomic pathology track and trace solutions market is segmented based on product, technology, application, end user, and region. Based on product, the market is segmented into software, hardware, and consumables. In 2018, the software segment is expected to account for the largest share of this market. This can majorly be attributed to the growing need to automate the sample labeling process for reducing manual errors, increasing focus on improving the efficiency of anatomic laboratories, growing adoption of cloud-based LIMS, and the increasing workload in anatomic pathology laboratories.
On the basis of technology, the anatomic pathology track and trace solutions market is segmented into barcode and RFID. In 2018, the barcode segment is expected to account for a larger share of the market majorly due to the higher adoption of barcode systems among end users owing to their lower cost (as compared to RFID).
Based on application, the anatomic pathology track and trace solutions market is segmented into slide tracking, tissue cassettes and blocks tracking, and specimen tracking. The slide tracking segment is estimated to register the highest CAGR during the forecast period primarily due to the implementation of tracking systems for reducing specimen identification errors and increasing workflow efficiency in anatomic pathology laboratories.
Based on end user, the anatomic pathology track and trace solutions market is segmented into hospital laboratories, independent and reference laboratories, and other end users (contract research organizations, government-funded medical laboratories, and research institutes). The independent and reference laboratories segment is estimated to register the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing number of cancer diagnostic tests performed in independent and reference laboratories and the increasing number of large-sized reference laboratories across the globe.
The anatomic pathology track and trace solutions market is segmented into four major regions, namely, North America, Europe, the Asia Pacific, and the Rest of the World. During the forecast period, the North American market is estimated to witness the highest growth. This can be attributed to the increasing volume of diagnostic tests performed in anatomic pathology laboratories, rising prevalence of chronic diseases (resulting in the increasing need for quality diagnostic services), and the presence of leading market players in the region. Moreover, the need for automated labeling systems to reduce specimen identification errors is driving the demand for automated labeling systems in several anatomic pathology laboratories across North America.
Thermo Fisher Scientific (US), Leica Biosystems (US), and Ventana Medical Systems (US) dominated the global anatomic pathology track and trace solutions market in 2017.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Anatomic Pathology Track and Trace Solutions Market: Overview
4.2 Geographic Snapshot of the Anatomic Pathology Track and Trace Solutions Market (2017)
4.3 Geographic Mix: Anatomic Pathology Track and Trace Solutions Market, 2018-2023 (USD Million)
4.4 Anatomic Pathology Track and Trace Solutions Market: Developing vs Developed Markets, 2018 vs 2023 (USD Million)
5 Market Overview
5.1 Introduction
5.2 Market Dynamics: Impact Analysis
5.2.1 Drivers
5.2.1.1 Increasing Volume of Diagnostic Tests Performed in Anatomic Pathology Laboratories
5.2.1.2 Increasing Number of Legal Cases Around Cancer Misdiagnosis
5.2.1.3 Increasing Consolidation Among Anatomic Pathology Laboratories
5.2.1.4 Increasing Adoption of Automated Systems to Enhance Laboratory Efficiency
5.2.2 Restraint
5.2.2.1 High Cost Associated With the Implementation of Track and Trace Solutions in Anatomic Pathology Laboratories
5.2.3 Opportunities
5.2.3.1 Integration of Laboratory Information Systems With Track and Trace Pathology Systems
5.2.3.2 Rapid Growth in the Emerging Markets of APAC and Latin America
5.2.4 Challenge
5.2.4.1 Lack of Common Standards Regarding the Labeling of Specimens at Anatomic Pathology Laboratories
6 Industry Insights
6.1 Industry Trends
6.1.1 Technological Advancements
6.1.2 Increasing Focus on Improving the Efficiency of Laboratories
6.2 Regulatory Analysis
6.2.1 Health Insurance Portability and Accountability Act (HIPAA)
6.2.2 Clinical Laboratory Improvement Amendments
6.2.3 ISBT 128 Barcode Standard
6.2.4 Cap Regulations for Labeling Specimen Samples in Anatomic Pathology Laboratories
7 Anatomic Pathology Track and Trace Solutions Market, By Product
7.1 Introduction
7.2 Software
7.3 Hardware
7.3.1 Printers and Labeling Systems
7.3.2 Barcode Scanners and RFID Readers
7.3.3 Mobile Computing Systems
7.4 Consumables
7.4.1 Barcode Labels and RFID Tags
7.4.2 Slides
7.4.3 Specimen Containers, Tissue Cassettes & Blocks
7.4.4 Transport Bags
8 Anatomic Pathology Track and Trace Solutions Market, By Technology
8.1 Introduction
8.2 Barcode
8.3 Radiofrequency Identification (RFID)
9 Anatomic Pathology Track and Trace Solutions Market, By Application
9.1 Introduction
9.2 Slides Tracking
9.3 Tissue Cassettes & Blocks Tracking
9.4 Specimen Tracking
10 Anatomic Pathology Track and Trace Solutions Market, By End User
10.1 Introduction
10.2 Hospital Laboratories
10.3 Independent and Reference Laboratories
10.4 Other End Users
11 Geographic Analysis
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Rest of Europe
11.4 Asia Pacific
11.5 Rest of the World
12 Competitive Landscape
12.1 Overview
12.2 Product Portfolio Assessment
12.2.1 Anatomic Pathology Track and Trace Solutions: Product Portfolio Matrix
12.3 Strategic Benchmarking
12.4 Market Share Analysis
12.5 Competitive Situations and Trends
12.5.1 Product Launches
12.5.2 Partnerships, Collaborations, and Agreements
12.5.3 Acquisitions
12.5.4 Expansions
13 Company Profiles
13.1 Thermo Fisher Scientific Inc.
13.2 Leica Biosystems Nussloch GmbH (Subsidiary of Danaher Corporation)
13.3 General Data Healthcare Inc.
13.4 Ventana Medical Systems, Inc.
13.5 Agilent Technologies, Inc.
13.6 Sunquest Information Systems, Inc.
13.7 Cerebrum Corp
13.8 AP Easy Software Solutions
13.9 Zebra Technologies Corporation
13.10 Primera Technology, Inc.
13.11 LigoLab, LLC.
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