The medical industry report “Healthcare Laboratory Informatics Market Size By Product (LIMS,
ELN, SDMS, CDS, LES), By Deployment (On Premise, Cloud Based), By Component
(Services, Software), By End Use (Biotech Companies, Pharmaceuticals,
Clinical), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany,
UK, France, China, Japan, India, Australia, Brazil, Mexico, South Africa, Saudi
Arabia), Application Development, Price Trend, Competitive Landscape &
Forecast, 2017 – 2024”, by Global Market
Insights, Inc. says 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.
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.
Cloud-based solutions will exhibit significant
growth due to its increasing adoption by healthcare organizations. Cloud-based
big data services such as SaaS, PaaS, IaaS, CaaS, XaaS, and Maas are being
introduced in many healthcare organizations to provide quick access to
information at low cost.
Services contributed to over 50% of
industry share owing to its increasing acceptance due to low capital and
resource requirement. Growing popularity of could services has fueled the use
of software as a services(SaaS) over the coming years.
Clinics will witness significant growth
over the coming years. Growing use of laboratory informatics for patient health
information tracking, patient engagement, and quality assurance is expected to
fuel the business growth.
Browse key
industry insights spread across 120 pages with 98 market data tables & 15
figures & charts from this 2017 report Healthcare
Laboratory Informatics Market in detail along with the table of contents
at:
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.
Brazil will experience robust growth due
to adoption of comprehensive enterprise integration solution to streamline
business operations. Increasing R&D expenditure in biotech and
pharmaceutical companies has gradually increased to develop cost effective and
technologically advanced solutions over the forecast years.
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.
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(U.S., Canada, Germany, UK, France, Poland, Russia, China, India, Japan, South
Korea, Taiwan, Brazil, Mexico, South Africa), Growth Potential, Price Trends,
Competitive Market Share & Forecast, 2016 – 2024
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