Healthcare Laboratory Informatics Market Forecast 2018 - 2024: Key Players: Thermo Fisher Scientific, PerkinElmer, Inc., LabWare, Core Informatics, Infosys

Sellbyville, DE -- (SBWire) -- 05/15/2019 --The Healthcare Laboratory Informatics Market is set to exceed USD 2.2 billion by 2024; according to a new research report by Global Market Insights. Industry manufacturers are shifting from paper-based processes to electronically executed manufacturing operations in order to increase production quality and efficiency. Configurable solutions that manage plant production process, quality and maintenance activities are delivering desired results. The introduction of cloud-based solutions will improve configurable abilities for specific lab needs, reduce costs, and stimulate market growth during the forecast period.

Increasing volume of data and its real-time integration and collection will drive demand for healthcare laboratory informatics solution. Technological advancements in sequencing and data analysis will enable faster and real-time result generation, thereby propelling market growth. Growing influence of healthcare informatics that provide improved convenience for formulating business strategies will drive healthcare laboratory informatics market. Laboratory information management systems is estimated to reach USD 825.6 million by 2024. High growth rate is attributable to development of advanced designs to meet the ever increasing need of biobanks, other healthcare settings and life science industries.

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Cloud base solutions will grow at CAGR of 8.8% during the forecast timeframe. Cloud technology facilitated labs to streamline operations and save resources, guaranteeing maximum user satisfaction. Cloud solutions is extensively helping biobanks in managing sample and patient data. It is now becoming part of clinical, diagnostics, testing and research laboratories worldwide. Service segment is estimated to reach USD 1,484.0 million by 2024. High growth rate is attributable to development of technologically advanced solutions to meet specific needs of healthcare sector. Furthermore, growing need for consulting services and increasing adoption of cloud-based solutions will further strengthen segment growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- IDBS
- Agilent Technologies
- LabVantage Solutions, Inc
- LabLynx, Inc. (LabLynx LIMS)
- AgileBio
- CloudLIMS
- Agaram Technologies
- CSols Inc.
- Tech Mahindra
- Thermo Fisher Scientific
- PerkinElmer, Inc.
- LabWare
- Agilent Technologies
- AgileBio
- Core Informatics
- Infosys
- Waters Corporation
- ALTEN Calsoft Labs

Pharmaceuticals segment is expected to grow with CAGR of 8.0% over the forecast period. Growing investment in R&D activities leading to generation of huge volume of experimental data will lead to increasing inclination of pharmaceutical companies towards laboratory informatics solutions. Cloud services offer Pharma companies the ability to increase their data storage as required, eliminating the limit imposed by on-site storage, thereby driving segmental growth.

Germany healthcare laboratory informatics market will grow at 7.5% CAGR across the projected timeframe. Growth is attributable to demand for cost effective workflow management systems and technological evolution related to laboratory informatics solutions. The major factor promoting the development of the laboratory informatics market is increasing adoption by biobanks for LIMS solutions along with the rising demand for integrated healthcare solutions over the forecasted period.

Chapter 8. Healthcare Laboratory Informatics Market, By Region

8.2. North America
8.2.1. Market size, by country, 2013 – 2024 (USD Million)
8.2.2. Market size, by product, 2013 – 2024 (USD Million)
8.2.3. Market size, by deployment, 2013 – 2024 (USD Million)
8.2.4. Market size, by component, 2013 – 2024 (USD Million)
8.2.5. Market size, by end-user, 2013 – 2024 (USD Million)

8.3. Europe
8.3.1. Market size, by country, 2013 – 2024 (USD Million)
8.3.2. Market size, by product, 2013 – 2024 (USD Million)
8.3.3. Market size, by deployment, 2013 – 2024 (USD Million)
8.3.4. Market size, by component, 2013 – 2024 (USD Million)
8.3.5. Market size, by end-user, 2013 – 2024 (USD Million)

8.4. Asia Pacific
8.4.1. Market size, by country, 2013 – 2024 (USD Million)
8.4.2. Market size, by product, 2013 – 2024 (USD Million)
8.4.3. Market size, by deployment, 2013 – 2024 (USD Million)
8.4.4. Market size, by component, 2013 – 2024 (USD Million)
8.4.5. Market size, by end-user, 2013 – 2024 (USD Million)

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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

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)

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Data Tables

TABLE 1. Healthcare laboratory informatics industry 3600 synopsis, 2013 – 2024
TABLE 2. Global healthcare laboratory informatics market, 2013 – 2017 (USD Million)
TABLE 3. Global healthcare laboratory informatics market, 2018 – 2024 (USD Million)
TABLE 4. Global healthcare laboratory informatics market, by product, 2013 - 2017 (USD Million)
TABLE 5. Global healthcare laboratory informatics market, by product, 2018 - 2024 (USD Million)
TABLE 6. Global healthcare laboratory informatics market, by deployment, 2013 - 2017 (USD Million)
TABLE 7. Global healthcare laboratory informatics market, by deployment, 2018 - 2024 (USD Million)
TABLE 8. Global healthcare laboratory informatics market, by component, 2013 - 2017 (USD Million)
TABLE 9. Global healthcare laboratory informatics market, by component, 2018 - 2024 (USD Million)
TABLE 10. Global healthcare laboratory informatics market, by end-use, 2013 - 2017 (USD Million)