Market Overview:
The global healthcare lab informatics market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market was valued at US$ 5,362.5 Mn in 2017 and is projected to reach US$ 16,711.9 Mn by 2030.
Product Definition:
Healthcare Lab Informatics is the term used to describe the application of information technology to the field of laboratory medicine. It encompasses all aspects of laboratory data management, from specimen collection and tracking through analysis and reporting. Healthcare lab informatics is important because it enables laboratories to improve efficiency and quality while also reducing costs.
Laboratory Information Management System (LIMS):
The global Laboratory Information Management System (LIMS) market was valued at USD 1.6 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for LIMS due to its advantages such as reduction in cost, time & errors, improvement of analytical capabilities along with compliance with regulatory guidelines are the major factors driving growth.
Electronic Lab Notebook (ELN):
Electronic Lab Notebook (ELN) is a web-based electronic medical record system designed for laboratory use. It was introduced in the year 2000 by the Laboratory Corporation of America Holdings (LabCorp). The major aim of this software is to improve clinical workflow and patient care by streamlining documentation procedures. ELN helps in reducing paper-based workflows, thereby improving efficiency and accuracy while enabling physicians to focus on their core tasks.
Application Insights:
The others application segment dominated the global healthcare lab informatics market in 2017, accounting for a share of over 40.0% in terms of revenue. The other applications include government laboratories and non-profit organizations that conduct clinical research and testing for various diseases. Increasing demand for personalized medicine is expected to drive the adoption of lab informatics solutions across these organizations, which, in turn, is likely to propel growth during the forecast period.
Pharmaceutical companies accounted for a significant share within the application segment as they use automated systems to store and manage their data related to drug discovery processes along with information regarding new drug development activities conducted by them at their premises or at external facilities (labs). These companies are also increasingly using cloud-based technologies as they offer cost-effective solutions while protecting corporate data through encryption techniques.
Regional Analysis:
North America dominated the global healthcare lab informatics market in 2017. This is due to the presence of a large number of players, high adoption rate for new technologies and increasing demand for efficient healthcare services. The U.S.
Asia Pacific region is expected to grow at a lucrative CAGR during the forecast period owing to factors such as improving healthcare facilities & infrastructure along with rising awareness about laboratory information systems among end users are expected drive regional growth over next eight years.
Growth Factors:
- Increasing demand for personalized medicine
- Rising prevalence of chronic diseases
- Growing number of healthcare facilities and laboratories
- Proliferation of digital technologies in healthcare sector
- Emergence of big data and analytics in laboratory settings
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare Lab Informatics Market Research Report
By Type
Laboratory Information Management System (LIMS), Electronic Lab Notebook (ELN), Scientific Data Management System (SDMS), Chromatography Data System (CDS), Laboratory Execution System (LES), Others
By Application
Biotech Companies, Pharmaceuticals, Others
By Companies
Abbott Informatics, 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, Waters Corporation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare Lab Informatics Market Report Segments:
The global Healthcare Lab Informatics market is segmented on the basis of:
Types
Laboratory Information Management System (LIMS), Electronic Lab Notebook (ELN), Scientific Data Management System (SDMS), Chromatography Data System (CDS), Laboratory Execution System (LES), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Biotech Companies, Pharmaceuticals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Abbott Informatics
- 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
- Waters Corporation
Highlights of The Healthcare Lab Informatics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Laboratory Information Management System (LIMS)
- Electronic Lab Notebook (ELN)
- Scientific Data Management System (SDMS)
- Chromatography Data System (CDS)
- Laboratory Execution System (LES)
- Others
- By Application:
- Biotech Companies
- Pharmaceuticals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Healthcare Lab Informatics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Healthcare Lab Informatics is the application of information technology to healthcare delivery and management. Healthcare Lab Informatics helps hospitals, clinics, and other healthcare providers manage their data more effectively, improve patient care by providing better access to medical records and health information, reduce costs associated with medical errors and fraud, and improve communication between patients and doctors.
Some of the major companies in the healthcare lab informatics market are Abbott Informatics, 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, Waters Corporation.
The healthcare lab informatics market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Healthcare Lab Informatics Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Healthcare Lab Informatics Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Healthcare Lab Informatics Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Healthcare Lab Informatics Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Healthcare Lab Informatics Market Size & Forecast, 2018-2028 4.5.1 Healthcare Lab Informatics Market Size and Y-o-Y Growth 4.5.2 Healthcare Lab Informatics Market Absolute $ Opportunity
Chapter 5 Global Healthcare Lab Informatics Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Healthcare Lab Informatics Market Size Forecast by Type
5.2.1 Laboratory Information Management System (LIMS)
5.2.2 Electronic Lab Notebook (ELN)
5.2.3 Scientific Data Management System (SDMS)
5.2.4 Chromatography Data System (CDS)
5.2.5 Laboratory Execution System (LES)
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Healthcare Lab Informatics Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Healthcare Lab Informatics Market Size Forecast by Applications
6.2.1 Biotech Companies
6.2.2 Pharmaceuticals
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Healthcare Lab Informatics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Healthcare Lab Informatics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Healthcare Lab Informatics Analysis and Forecast
9.1 Introduction
9.2 North America Healthcare Lab Informatics Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Healthcare Lab Informatics Market Size Forecast by Type
9.6.1 Laboratory Information Management System (LIMS)
9.6.2 Electronic Lab Notebook (ELN)
9.6.3 Scientific Data Management System (SDMS)
9.6.4 Chromatography Data System (CDS)
9.6.5 Laboratory Execution System (LES)
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Healthcare Lab Informatics Market Size Forecast by Applications
9.10.1 Biotech Companies
9.10.2 Pharmaceuticals
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Healthcare Lab Informatics Analysis and Forecast
10.1 Introduction
10.2 Europe Healthcare Lab Informatics Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Healthcare Lab Informatics Market Size Forecast by Type
10.6.1 Laboratory Information Management System (LIMS)
10.6.2 Electronic Lab Notebook (ELN)
10.6.3 Scientific Data Management System (SDMS)
10.6.4 Chromatography Data System (CDS)
10.6.5 Laboratory Execution System (LES)
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Healthcare Lab Informatics Market Size Forecast by Applications
10.10.1 Biotech Companies
10.10.2 Pharmaceuticals
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Healthcare Lab Informatics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Healthcare Lab Informatics Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Healthcare Lab Informatics Market Size Forecast by Type
11.6.1 Laboratory Information Management System (LIMS)
11.6.2 Electronic Lab Notebook (ELN)
11.6.3 Scientific Data Management System (SDMS)
11.6.4 Chromatography Data System (CDS)
11.6.5 Laboratory Execution System (LES)
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Healthcare Lab Informatics Market Size Forecast by Applications
11.10.1 Biotech Companies
11.10.2 Pharmaceuticals
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Healthcare Lab Informatics Analysis and Forecast
12.1 Introduction
12.2 Latin America Healthcare Lab Informatics Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Healthcare Lab Informatics Market Size Forecast by Type
12.6.1 Laboratory Information Management System (LIMS)
12.6.2 Electronic Lab Notebook (ELN)
12.6.3 Scientific Data Management System (SDMS)
12.6.4 Chromatography Data System (CDS)
12.6.5 Laboratory Execution System (LES)
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Healthcare Lab Informatics Market Size Forecast by Applications
12.10.1 Biotech Companies
12.10.2 Pharmaceuticals
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Healthcare Lab Informatics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Healthcare Lab Informatics Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Healthcare Lab Informatics Market Size Forecast by Type
13.6.1 Laboratory Information Management System (LIMS)
13.6.2 Electronic Lab Notebook (ELN)
13.6.3 Scientific Data Management System (SDMS)
13.6.4 Chromatography Data System (CDS)
13.6.5 Laboratory Execution System (LES)
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Healthcare Lab Informatics Market Size Forecast by Applications
13.10.1 Biotech Companies
13.10.2 Pharmaceuticals
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Healthcare Lab Informatics Market: Competitive Dashboard
14.2 Global Healthcare Lab Informatics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Abbott Informatics
14.3.2 Agaram Technologies Pvt Ltd
14.3.3 AgileBio LLC
14.3.4 Agilent Technologies
14.3.5 CSols Inc.
14.3.6 Genologics
14.3.7 ID Business Solutions Ltd.
14.3.8 Infosys
14.3.9 LabLynx, Inc.
14.3.10 LabVantage Solutions, Inc.
14.3.11 LabWare
14.3.12 PerkinElmer, Inc.
14.3.13 Tech Mahindra
14.3.14 Thermo Fisher Scientific
14.3.15 Waters Corporation