-- Clinical laboratories market is estimated to reach USD 496.0 million by 2024. Growth is attributed to increased need for regulatory compliance in developing markets such as China, India, and Eastern Europe. Growing demand for a cost-effective and compatible platforms such as SaaS based cloud LIMS will render positive impact on business growth during the forecast timeframe.
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Healthcare Laboratory Informatics Market will exceed USD 2.2 billion by 2024. Increasing data generation and higher integration among laboratory instruments will drive market growth. Implementation of big data enabled data science platforms to grow across the enterprise in all industries and verticals. Growing expectation of continuous data transfer between a variety of communication devices globally highlight the importance of technological advancements in the development of laboratory informatics.
Laboratory information management systems (LIMS) segment will show significant growth of 8.2% CAGR during the forecast period due to high adoption rate. Increasing preference is attributable to various advantages associated with LIMS including reduction in time and cost for data management and handling. Other advantages such as data integrity and standardization major factors for segmental growth in the future.
On premise solutions market will reach USD 700.4 million by 2024. On premise data solutions allows companies for secure tracking of sample and aliquot lineage for tracing cell lines. Also, the can physically monitor hardware and subject it to internal network security practices, thereby giving laboratories superior accessibility to data and provides customization options. Aforementioned will favor segmental growth in upcoming years.
Japan healthcare laboratory informatics market will witness robust growth at 9.0% CAGR during the projected timeframe. The demand for fully integrated laboratory information management systems platforms is growing across the country. This is in accordance with the prerequisites of research and life sciences industries, thereby favoring business growth across the projected timeframe.
Software segment will witness remarkable growth of 7.8% CAGR in the forecast period. Escalating demand for data organization and rising inclination towards regulatory-compliant software owing to customized software, improved workflows and data visibility will fuel the software market. Growing need for system that aligns with organizational needs will propel the business size.
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Prominent industries involved in healthcare laboratory informatics market are Abbott, Agaram Technologies Pvt Ltd, AgileBio LLC, Agilent Technologies, CSols Inc., Genologics, ID Business Solutions Ltd., Infosys, LabLynx, Inc., LabVantage Solutions, Inc., LabWare, PerkinElmer, Inc., Tech Mahindra, Thermo Fisher Scientific and Waters Corporation. These prominent business players focus on new product launch, strategic acquisitions and mergers to strengthen market position.
Table of Content:
Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. Healthcare laboratory informatics market industry 360o synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Deployment trends
2.1.4. Component trends
2.1.5. End-user trends
2.1.6. Regional trends
Chapter 3. Healthcare Laboratory Informatics Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Rising demand of scientific data integration solutions
3.3.1.2. Increasing need for clinical workflow management
3.3.1.3. Increasing availability of cost-effective informatics solutions
3.3.1.4. Technological advancements in software solutions
3.3.2. Industry pitfalls & challenges
3.3.2.1. Dearth of integration standards
3.3.2.2. Lack of skilled professionals
3.4. Growth potential analysis
3.4.1. By product
3.4.2. By deployment
3.4.3. By component
3.4.4. By end-user
3.5. Technology landscape
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.7. Porter's analysis
3.8. Competitive landscape, 2017
3.8.1. Strategy dashboard
3.9. PESTEL analysis
Chapter 4. Healthcare Laboratory Informatics Market, By Product
4.1. Healthcare laboratory informatics market share by product, 2017 & 2024
4.2. Laboratory Information Management System (LIMS)
4.2.1. Market size, by region, 2013 - 2024 (USD Million)
4.3. Electronic Lab Notebook (ELN)
4.3.1. Market size, by region, 2013 - 2024 (USD Million)
4.4. Scientific Data Management System (SDMS)
4.4.1. Market size, by region, 2013 - 2024 (USD Million)
4.5. Chromatography Data System (CDS)
4.5.1. Market size, by region, 2013 - 2024 (USD Million)
4.6. Laboratory Execution System (LES)
4.6.1. Market size, by region, 2013 - 2024 (USD Million)
4.7. Others
4.7.1. Market size, by region, 2013 - 2024 (USD Million)
Chapter 5. Healthcare Laboratory Informatics Market, By Deployment
5.1. Healthcare laboratory informatics market share by deployment, 2017 & 2024
5.2. On premise
5.2.1. Market size, by region, 2013 - 2024 (USD Million)
5.3. Cloud based
5.3.1. Market size, by region, 2013 - 2024 (USD Million)
Chapter 6. Healthcare Laboratory Informatics Market, By Component
6.1. Healthcare laboratory informatics market share by procedure, 2017 & 2024
6.2. Services
6.2.1. Market size, by region, 2013 - 2024 (USD Million)
6.3. Software
6.3.1. Market size, by region, 2013 - 2024 (USD Million)
Chapter 7. Healthcare Laboratory Informatics Market, By End-user
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Related Report: https://www.marketwatch.com/press-release/biosimilars-market-2019-global-size-opportunities-historical-analysis-development-status-business-growth-and-regional-forecast-to-2025-2019-10-17
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