The global demand for Healthcare Laboratory Informatics Market is presumed to reach the market size of nearly USD 7.23 BN by 2030 from USD 3.5 BN in 2022 with a CAGR of 9.5% under the study period 2023 - 2030.
The application of computers and information systems for information management in the pathology laboratory is known as healthcare laboratory informatics. Laboratory informatics is a kind of specialized application of information technology that aims to improve and expand laboratory operations. Data acquisition (for example, via sensors and hardware or voice), instrument interfacing, laboratory networking, data processing, specialized data management systems (for example, a chromatography data system), a laboratory information management system, scientific data management (data mining and data warehousing), and knowledge management (the use of an electronic lab notebook) are constituents of healthcare laboratory informatics.
Market Dynamics
One of the primary reasons fueling market expansion is the growing demand for data integration. Furthermore, because the pharmaceutical and biotechnology companies spend millions of dollars on research and development, the data collected is enormous. As a result, the use of informatic solutions by pharma and biotech businesses to manage large amounts of data is expected to drive the growth of the healthcare laboratory informatics market. However, the lack of laboratory informatics integration standards and experienced personnel are limiting overall industry growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of healthcare laboratory informatics. The growth and trends of healthcare laboratory informatics industry provide a holistic approach to this study.
Market Segmentation
This section of the healthcare laboratory informatics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Laboratory Information Management System (LIMS)
- Electronic Lab Notebook (ELN)
- Scientific Data Management System (SOMS)
- Chromatography Data System (CDS)
- Laboratory Execution System (IES)
- Others
By Deployment
By Component
By End-Use
- Biotech Companies
- Pharmaceuticals
- Clinical
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Healthcare Laboratory Informatics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Healthcare Laboratory Informatics Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Healthcare Laboratory Informatics market include Starlims, Benchling Inc., Agilent Technologies, LabLynx Inc., LabWare, LabVantage Solutions Inc., PerkinElmer Inc., Thermo Fisher Scientific, Tech Mahindra, Waters Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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