Healthcare Laboratory Informatics Market size will exceed USD 1.8 billion by 2024. Rising demand for scientific data integration solution will drive global healthcare laboratory informatics market. Shift in trend from biological and scientific mechanisms to advancements driven by data integration patterns should propel business growth.
MaketStudyReport.com adds a New Healthcare Laboratory Informatics Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 9.5% CAGR to 2024.
Adoption of technologically advanced software solutions and use of laboratory information management systems allow better diagnosis and improve regulatory compliance. Innovations such as high throughput screening (HTS) technology, ultrahigh throughput screening (UHTS) instruments and cloud based solutions will further stimulate industry growth.
However, industry growth may be hindered by lack of trained professionals, increasing competitiveness and lack of integration standards.
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Laboratory Information Management Systems (LIMS) will witness lucrative growth due to lesser errors and easy data tracking. However, the growing demand in research industries and life sciences to reduce the number of errors in qualitative analysis and data management should drive the segment growth.
U.S. healthcare laboratory informatics market should witness significant growth over the forecast years. Favorable government initiatives and boom in health IT will stimulate business growth.
Furthermore, rising demand for quality diagnosis with minimum errors and integration of laboratories with information systems will fuel the industry growth.
Germany held the largest regional revenue share in 2016 due to technological advances in healthcare IT and the growing demand for cost effective workflow management systems.
China healthcare laboratory informatics market will witness robust growth over the coming years due to increasing R&D expenditure by the private and public agencies coupled with increasing level of health awareness.
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Key industry players in healthcare laboratory informatics market include Abbott Informatics, Perkin Elmer, Thermo Fisher, and LabVantage. These players are consolidating their market position by adopting advanced technologies, entering into partnerships, and collaborating for geographical expansion.
Healthcare Laboratory Informatics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:
Laboratory Informatics Market in Healthcare by Product:
Laboratory Information Management System (LIMS), Electronic Lab Notebook (ELN), Scientific Data Management System (SDMS), Chromatography Data System (CDS), Laboratory Execution System (LES)
Laboratory Informatics Market in Healthcare by Deployment:
On premise, Cloud based
Laboratory Informatics Market in Healthcare by Component
Laboratory Informatics Market in Healthcare by End use
Biotech companies, Pharmaceuticals, Clinicals
The above information has been provided on a regional and country basis for the following:
North America, U.S., Canada, Europe, Germany, UK, France, Italy, Russia
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The research analysts provide an elaborate description of the value chain and its distributor analysis.
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