According to FutureWise analysis the market for anatomic pathology track and trace solutions in 2023 is US$ 0.69 billion, and is expected to reach US$ 1.54 billion by 2031 at a CAGR of 10.52%.
Anatomic Pathology Track and Trace Solutions, also known as bar code-based tracking solutions, have recently found their way into anatomic pathology (AP) laboratories, paralleling their established presence in clinical pathology settings. These systems play a pivotal role in efficiently managing AP assets, encompassing specimens, blocks, and slides, while concurrently elevating laboratory performance, bolstering patient safety, and refining the quality of patient care. Moreover, the tracking of AP assets extends its utility beyond the laboratory by facilitating the routing of surplus clinical material into research laboratories and biorepositories, thereby contributing to scientific advancements and medical research. However, the implementation of such tracking solutions is far from a plug-and-play endeavor. Not all tracking solutions are created equal, necessitating a meticulous assessment of laboratory workflows to ensure seamless integration and alignment with specific laboratory needs. Consequently, a well-thought-out implementation strategy encompasses careful workflow analysis, software selection, hardware integration, data security and compliance measures, and robust change management strategies, ultimately fostering a more efficient and secure environment in AP laboratories.
In the anatomic pathology laboratory, one of the significant tools driving this revolution is using bar codes in tracking solutions. Bar codes have been used in many other areas of health care facilities, including the blood bank, pharmacy, medical records, materials management, and point-of-care. Barcoding has been used in the clinical pathology laboratory for decades. From this clinical pathology experience, we have learned that it is feasible to have labeling and tracking begin at the time of specimen collection and not just at accessioning, that bar codes support robotics and automation, simplify specimen sharing to perform multiple tests, and can help reduce staffing needs. Furthermore, several clinical pathology laboratory information systems (LIS) have evolved to accommodate foreign (i.e., outside client) bar codes and have shifted toward adopting universal ones.
FutureWise Market Research has published a report that provides an insightful analysis anatomic pathology track and trace solutions market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, anatomic pathology track and trace solutions market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.