Chemical and Material

Medical Specimen Tracking System Market to Grow at CAGR of 10.1% during forecast period 2021 to 2030

According To Vision Research Reports study on medical specimen tracking system market offers exclusive insights into key growth drivers, restraints and business opportunities. The report underscores some of the popular strategies that market players undertake to gain competitive edge.

Vision Research Reports offer the information regarding all the critical aspects of the market such as product types, application spectrum, sales network and distribution channels, geographies and other key factors.

The Global medical specimen tracking system market size is expected to reach around US$ 1.60 billion by 2030 and is anticipated to grow at a CAGR of 10.1% during forecast period 2021 to 2030.

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Report Scope Details
Market Size US$ 1.60 billion by 2030
Growth Rate CAGR of 10.1% From 2022 to 2030
Largest Market North America
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Product, Technology, Type, End user
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned RMS Omega Technologies; Vision ID; GAO RFID Inc.; TrakCel; Quick International Courier; Cryoport Systems, LLC; LabConnect; Taylor Data Systems, Inc.; BioIT Solutions; Brooks Automation, Inc

Growth Factor

The key factors driving the market growth include the technological advancements by market players and increasing product adoption for reducing errors in patient diagnosis. Before the COVID-19 pandemic, the adoption of specimen tracking solutions was less. However, due to the pandemic, the demand for these systems skyrocketed, which positively influenced the market growth. Most market players, such as Labcorp Drug Development, Agilent Technologies, and Thermo Fisher Scientific, experienced positive growth from 2019 to 2020 in their segment-specific revenues as well as annual revenues.

The arrival of specimens on time is very important because delays can lead to a variety of challenges, which jeopardizes customer satisfaction. Not using these systems might result in the delivery of specimens to the wrong lab. Using these systems results in speeding up the productivity of labs. Furthermore, benefits, such as reduction in missing or losing specimens, cost-effectiveness, reduction in turnaround time leading to increased revenue, and improved quality of care, are also some of the factors boosting the market growth.

The medical specimen tracking system market report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, market footprint, strategic developments, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.

This medical specimen tracking system market report offers historical data points and forecasts and revenue growth at a global, regional, and country level, latest industry trends, and consumption pattern details for each region, major country, and segment from 2021 to 2030.

The market report also covers technical data, manufacturing and production costs, research and development activities, regulatory framework, economic factors, and globalization. The report further segments the medical specimen tracking system market on the basis of Leading Companies Profiled, and key regions of medical specimen tracking system market.

What is our report scope?

This report focuses on the medical specimen tracking system market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. The medical specimen tracking system market report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.

COVID-19 has compressed the global economy and with it the manufacturing and marketing sector, production, disruption, financial.

The significant drop in COVID-19 cases due to mass inoculations programs worldwide are anticipated to increase revenue flow in the global economy and contribute to the growth of the car electrical products market. The COVID-19 impact has changed the growth projections of many sectors and businesses. The analysts put their excellent and well-researched opinions in the report. The opinions will help the stakeholders to make their strategy accordingly.

Key Players

  • RMS Omega Technologies
  • Vision ID
  • GAO RFID Inc.
  • TrakCel
  • Quick International Courier
  • Cryoport Systems, LLC
  • LabConnect
  • Taylor Data Systems, Inc.
  • BioIT Solutions
  • Brooks Automation, Inc.

Market Segmentation

  • By Product
    • Software
    • Hardware
    • Consumables
  • By Technology
    • RFID
    • Barcode
  • By Type
    • Patient Testing
    • Clinical Trial Tissue Specimen
  • By End-user
    • Hospitals & Clinics
    • Pathology Laboratories
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • Australia
      • South Korea
    • Latin America
      • Brazil
      • Mexico
      • Argentina
    • MEA
      • South Africa
      • Saudi Arabia
      • UAE

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Key insights presented in This Market Research:

  • Market revenue shares by major business players with market segmentation and its scope
  • Sales revenue by key players and new entrants, additionally the report contains knowledge information on customers, competitors, vendors/distributors, and alternative players and within the global marketplace
  • Competitive analysis of key players, as well as company summary, product or services specification, vendors, and buyers.
  • Recent mergers, acquisitions, product launches, recent investments, and joint ventures
  • Regional analysis to produce insight into recent trends and opportunities.
  • To predict the market size, in key regions (along with countries) North America, Europe, Asia Pacific, geographical region and Middle East and continent

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Type Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Medical Specimen Tracking System Market, By Product

7.1.  Medical Specimen Tracking System Market, by Product, 2021-2030

7.1.1.    Software

7.1.1.1.        Market Revenue and Forecast (2019-2030)

7.1.2.    Hardware

7.1.2.1.        Market Revenue and Forecast (2019-2030)

7.1.3.    Consumables

7.1.3.1.        Market Revenue and Forecast (2019-2030)

Chapter 8.  Global Medical Specimen Tracking System Market, By Technology

8.1.  Medical Specimen Tracking System Market, by Technology, 2021-2030

8.1.1.    RFID

8.1.1.1.        Market Revenue and Forecast (2019-2030)

8.1.2.    Barcode

8.1.2.1.        Market Revenue and Forecast (2019-2030)

Chapter 9.  Global Medical Specimen Tracking System Market, By Type

9.1.  Medical Specimen Tracking System Market, by Type, 2021-2030

9.1.1.    Patient Testing

9.1.1.1.        Market Revenue and Forecast (2019-2030)

9.1.2.    Clinical Trial Tissue Specimen

9.1.2.1.        Market Revenue and Forecast (2019-2030)

Chapter 10.      Global Medical Specimen Tracking System Market, By End-user

10.1.        Medical Specimen Tracking System Market, by End-user, 2021-2030

10.1.1.  Hospitals & Clinics

10.1.1.1.      Market Revenue and Forecast (2019-2030)

10.1.2.  Pathology Laboratories

10.1.2.1.      Market Revenue and Forecast (2019-2030)

Chapter 11.      Global Medical Specimen Tracking System Market, Regional Estimates and Trend Forecast

11.1.        North America

11.1.1.  Market Revenue and Forecast, by Product (2019-2030)

11.1.2.  Market Revenue and Forecast, by Technology (2019-2030)

11.1.3.  Market Revenue and Forecast, by Type (2019-2030)

11.1.4.  Market Revenue and Forecast, by End-user (2019-2030)

11.1.5.  U.S.

11.1.5.1.      Market Revenue and Forecast, by Product (2019-2030)

11.1.5.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.1.5.3.      Market Revenue and Forecast, by Type (2019-2030)

11.1.5.4.      Market Revenue and Forecast, by End-user (2019-2030)

11.1.6.  Rest of North America

11.1.6.1.      Market Revenue and Forecast, by Product (2019-2030)

11.1.6.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.1.6.3.      Market Revenue and Forecast, by Type (2019-2030)

11.1.6.4.      Market Revenue and Forecast, by End-user (2019-2030)

11.2.        Europe

11.2.1.  Market Revenue and Forecast, by Product (2019-2030)

11.2.2.  Market Revenue and Forecast, by Technology (2019-2030)

11.2.3.  Market Revenue and Forecast, by Type (2019-2030)

11.2.4.  Market Revenue and Forecast, by End-user (2019-2030)

11.2.5.  UK

11.2.5.1.      Market Revenue and Forecast, by Product (2019-2030)

11.2.5.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.2.5.3.      Market Revenue and Forecast, by Type (2019-2030)

11.2.5.4.      Market Revenue and Forecast, by End-user (2019-2030)

11.2.6.  Germany

11.2.6.1.      Market Revenue and Forecast, by Product (2019-2030)

11.2.6.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.2.6.3.      Market Revenue and Forecast, by Type (2019-2030)

11.2.6.4.      Market Revenue and Forecast, by End-user (2019-2030)

11.2.7.  France

11.2.7.1.      Market Revenue and Forecast, by Product (2019-2030)

11.2.7.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.2.7.3.      Market Revenue and Forecast, by Type (2019-2030)

11.2.7.4.      Market Revenue and Forecast, by End-user (2019-2030)

11.2.8.  Rest of Europe

11.2.8.1.      Market Revenue and Forecast, by Product (2019-2030)

11.2.8.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.2.8.3.      Market Revenue and Forecast, by Type (2019-2030)

11.2.8.4.      Market Revenue and Forecast, by End-user (2019-2030)

11.3.        APAC

11.3.1.  Market Revenue and Forecast, by Product (2019-2030)

11.3.2.  Market Revenue and Forecast, by Technology (2019-2030)

11.3.3.  Market Revenue and Forecast, by Type (2019-2030)

11.3.4.  Market Revenue and Forecast, by End-user (2019-2030)

11.3.5.  India

11.3.5.1.      Market Revenue and Forecast, by Product (2019-2030)

11.3.5.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.3.5.3.      Market Revenue and Forecast, by Type (2019-2030)

11.3.5.4.      Market Revenue and Forecast, by End-user (2019-2030)

11.3.6.  China

11.3.6.1.      Market Revenue and Forecast, by Product (2019-2030)

11.3.6.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.3.6.3.      Market Revenue and Forecast, by Type (2019-2030)

11.3.6.4.      Market Revenue and Forecast, by End-user (2019-2030)

11.3.7.  Japan

11.3.7.1.      Market Revenue and Forecast, by Product (2019-2030)

11.3.7.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.3.7.3.      Market Revenue and Forecast, by Type (2019-2030)

11.3.7.4.      Market Revenue and Forecast, by End-user (2019-2030)

11.3.8.  Rest of APAC

11.3.8.1.      Market Revenue and Forecast, by Product (2019-2030)

11.3.8.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.3.8.3.      Market Revenue and Forecast, by Type (2019-2030)

11.3.8.4.      Market Revenue and Forecast, by End-user (2019-2030)

11.4.        MEA

11.4.1.  Market Revenue and Forecast, by Product (2019-2030)

11.4.2.  Market Revenue and Forecast, by Technology (2019-2030)

11.4.3.  Market Revenue and Forecast, by Type (2019-2030)

11.4.4.  Market Revenue and Forecast, by End-user (2019-2030)

11.4.5.  GCC

11.4.5.1.      Market Revenue and Forecast, by Product (2019-2030)

11.4.5.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.4.5.3.      Market Revenue and Forecast, by Type (2019-2030)

11.4.5.4.      Market Revenue and Forecast, by End-user (2019-2030)

11.4.6.  North Africa

11.4.6.1.      Market Revenue and Forecast, by Product (2019-2030)

11.4.6.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.4.6.3.      Market Revenue and Forecast, by Type (2019-2030)

11.4.6.4.      Market Revenue and Forecast, by End-user (2019-2030)

11.4.7.  South Africa

11.4.7.1.      Market Revenue and Forecast, by Product (2019-2030)

11.4.7.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.4.7.3.      Market Revenue and Forecast, by Type (2019-2030)

11.4.7.4.      Market Revenue and Forecast, by End-user (2019-2030)

11.4.8.  Rest of MEA

11.4.8.1.      Market Revenue and Forecast, by Product (2019-2030)

11.4.8.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.4.8.3.      Market Revenue and Forecast, by Type (2019-2030)

11.4.8.4.      Market Revenue and Forecast, by End-user (2019-2030)

11.5.        Latin America

11.5.1.  Market Revenue and Forecast, by Product (2019-2030)

11.5.2.  Market Revenue and Forecast, by Technology (2019-2030)

11.5.3.  Market Revenue and Forecast, by Type (2019-2030)

11.5.4.  Market Revenue and Forecast, by End-user (2019-2030)

11.5.5.  Brazil

11.5.5.1.      Market Revenue and Forecast, by Product (2019-2030)

11.5.5.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.5.5.3.      Market Revenue and Forecast, by Type (2019-2030)

11.5.5.4.      Market Revenue and Forecast, by End-user (2019-2030)

11.5.6.  Rest of LATAM

11.5.6.1.      Market Revenue and Forecast, by Product (2019-2030)

11.5.6.2.      Market Revenue and Forecast, by Technology (2019-2030)

11.5.6.3.      Market Revenue and Forecast, by Type (2019-2030)

11.5.6.4.      Market Revenue and Forecast, by End-user (2019-2030)

Chapter 12.  Company Profiles

12.1.              RMS Omega Technologies

12.1.1.  Company Overview

12.1.2.  Product Offerings

12.1.3.  Financial Performance

12.1.4.  Recent Initiatives

12.2.              Vision ID

12.2.1.  Company Overview

12.2.2.  Product Offerings

12.2.3.  Financial Performance

12.2.4.  Recent Initiatives

12.3.              GAO RFID Inc.

12.3.1.  Company Overview

12.3.2.  Product Offerings

12.3.3.  Financial Performance

12.3.4.  Recent Initiatives

12.4.              TrakCel

12.4.1.  Company Overview

12.4.2.  Product Offerings

12.4.3.  Financial Performance

12.4.4.  Recent Initiatives

12.5.              Quick International Courier

12.5.1.  Company Overview

12.5.2.  Product Offerings

12.5.3.  Financial Performance

12.5.4.  Recent Initiatives

12.6.              Cryoport Systems, LLC

12.6.1.  Company Overview

12.6.2.  Product Offerings

12.6.3.  Financial Performance

12.6.4.  Recent Initiatives

12.7.              LabConnect

12.7.1.  Company Overview

12.7.2.  Product Offerings

12.7.3.  Financial Performance

12.7.4.  Recent Initiatives

12.8.              Taylor Data Systems, Inc.

12.8.1.  Company Overview

12.8.2.  Product Offerings

12.8.3.  Financial Performance

12.8.4.  Recent Initiatives

12.9.              BioIT Solutions

12.9.1.  Company Overview

12.9.2.  Product Offerings

12.9.3.  Financial Performance

12.9.4.  Recent Initiatives

12.10.           Brooks Automation, Inc.

12.10.1.               Company Overview

12.10.2.               Product Offerings

12.10.3.               Financial Performance

12.10.4.               Recent Initiatives

Chapter 13.  Research Methodology

13.1.              Primary Research

13.2.              Secondary Research

13.3.              Assumptions

Chapter 14.  Appendix

14.1.              About Us

14.2.              Glossary of Terms

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