Healthcare Laboratory Informatics Market : Study on Key Players | Abbott Informatics, Perkin Elmer, Thermo Fisher, and LabVantage. Other noteable players include LabWare, Core informatics, Lablynx, Agilent Technologies, ID Business solutions, Waters Corpo

Healthcare Laboratory Informatics Market size was valued at over USD 850 million in 2016 and expects gains at over 9.5% by 2024.

Increasing volume of clinical data with growing demand for data integration solutions will drive the global healthcare laboratory informatics market size. Rising need for clinical workflow management and availability of cost-effective solutions should further boost industry growth.

Growing application of lab automation in academic research organizations, and contract manufacturing will stimulate business growth. Surge in technological developments with the rising demand for software and services should accelerate the healthcare laboratory informatics market growth.

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Cloud and big data services can be used to track diseases; map prevalence geospatially and alert the population about the risks. Healthcare laboratory informatics should allow users to automatically input data, store and archive information, track samples, and easily generate reports. Healthcare institutions can adopt the services and infrastructure essential to support these services by utilizing low cost cloud computing.

Inadequate number of data scientists may hinder the business growth over the forecast timeline. Furthermore, dearth of data integration standards across the industry should restrain the business growth. Lack of training modules and program instructors to train sufficient operators may impede industry growth.

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.

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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.

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.

Report Content

Chapter 1. Methodology
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Market definition and forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary

Chapter 2. Executive Summary
2.1. Healthcare laboratory informatics industry 3600 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 use 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 ecosystem analysis
3.4. Industry impact forces
3.4.1. Growth drivers
3.4.1.1. Rising demand of scientific data integration solutions in developed countries
3.4.1.2. Technological advances in software solutions in developed markets
3.4.1.3. Increasing R&D activities in Asia Pacific
3.4.1.4. Growing market penetration rates in emerging countries
3.4.1.5. Rising demand for cost-effective workflow management systems in developing economies
3.4.2. Industry pitfalls & challenges
3.4.2.1. Dearth of integration standards
3.4.2.2. Lack of skilled professionals
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. Europe
3.6. Technology landscape
3.7. Growth potential analysis
3.8. Porter’s analysis
3.9. Competitive landscape, 2016
3.9.1. Business overview
3.9.2. Revenue analysis
3.9.3. Product landscape
3.9.4. Strategy dashboard
3.10. PESTEL analysis

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