Market Overview:
The global healthcare laboratory informatics market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for laboratory information systems (LIMS), electronic lab notebooks (ELN), specimen management systems (SMS), clinical decision support systems (CDSS) and laboratory execution systems (LES) across different applications such as biotech companies, pharmaceuticals and clinical laboratories. Additionally, the growing focus on precision medicine is also contributing significantly to the growth of this market. North America dominates the global healthcare laboratory informatics market, followed by Europe and Asia Pacific.
Product Definition:
Healthcare Laboratory Informatics is the study and application of information technology to the field of healthcare laboratory science. It encompasses areas such as data management, informatics research, decision support, systems analysis and design. The goal of Healthcare Laboratory Informatics is to improve the quality and efficiency of healthcare laboratory services through the use of information technology.
LIMS:
Laboratory Information Management Systems (LIMS) is a software system designed for laboratory testing processes. It helps in reducing the overall cost of operations, improving the quality of results and increasing efficiency by automating various tasks involved in running a laboratory. LIMS also provides information security to protect against external threats.
The global Laboratory Information Management Systems market was valued at USD 1,64 billion in 2016.
ELN:
Electrophysiology Laboratory Network (ELN) is a clinical information system designed for the management of electrophysiology laboratory data. It was developed by Ceterix in 2001 and since then it has been used worldwide to manage patient data in over 100 laboratories.
In hospitals, ELN helps reduce labor costs as it reduces errors & omissions and increases efficiency & productivity.
Application Insights:
The pharma companies segment dominated the global healthcare laboratory informatics market in 2017. This is owing to factors such as growing demand for innovative and expensive drugs, increasing government funding for R&D activities, and an increase in number of clinical trials. For instance, according to the Pharmaceutical Research & Manufacturers of America (PhRMA), U.S.
Regional Analysis:
North America dominated the global healthcare laboratory informatics market in 2017. This can be attributed to the presence of a large number of players, high adoption rate for advanced technologies, and increasing demand for efficient healthcare services. The U.S., which is at the forefront of this region, has witnessed an exponential increase in demand for medical testing over the past few years owing to factors such as growing geriatric population and rising incidences of chronic diseases that require regular blood tests.
Asia Pacific is expected to grow at a lucrative CAGR during the forecast period due to factors such as improving healthcare infrastructure with respect to LIMS implementation along with government support towards adopting these systems in emerging countries like China and India are some others responsible for its growth prospects during 2018 - 2030 time-frame.
Growth Factors:
- Increasing demand for personalized medicine
- Rising prevalence of chronic diseases
- Growing number of diagnostic tests and procedures
- Proliferation of point-of-care testing
- Emergence of big data and analytics in healthcare
Scope Of The Report
Report Attributes
Report Details
Report Title
Healthcare Laboratory Informatics Market Research Report
By Type
LIMS, ELN, SDMS, CDS, LES
By Application
Biotech Companies, Pharmaceuticals, Clinical
By Companies
Calsoft Labs, Abbott Informatics, Agaram Technologies, Agilent Technologies, Thermo Fisher Scientific, ID Business Solutions, LabWare, LabLynx, Waters Corporation, Genologics(An Illumina Company), Core Informatics, AgileBio, LabVantage Solutions, CloudLIMS, Tech Mahindra, PerkinElmer, Infosys
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
170
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Healthcare Laboratory Informatics Market Report Segments:
The global Healthcare Laboratory Informatics market is segmented on the basis of:
Types
LIMS, ELN, SDMS, CDS, LES
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, Clinical
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:
- Calsoft Labs
- Abbott Informatics
- Agaram Technologies
- Agilent Technologies
- Thermo Fisher Scientific
- ID Business Solutions
- LabWare
- LabLynx
- Waters Corporation
- Genologics(An Illumina Company)
- Core Informatics
- AgileBio
- LabVantage Solutions
- CloudLIMS
- Tech Mahindra
- PerkinElmer
- Infosys
Highlights of The Healthcare Laboratory 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:
- LIMS
- ELN
- SDMS
- CDS
- LES
- By Application:
- Biotech Companies
- Pharmaceuticals
- Clinical
- 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 Laboratory 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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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 laboratory informatics is the application of information technology to healthcare laboratories. Healthcare laboratory informatics can help hospitals and clinics improve their efficiency by automating lab processes, tracking patient data, and managing medical records.
Some of the key players operating in the healthcare laboratory informatics market are Calsoft Labs, Abbott Informatics, Agaram Technologies, Agilent Technologies, Thermo Fisher Scientific, ID Business Solutions, LabWare, LabLynx, Waters Corporation, Genologics(An Illumina Company), Core Informatics, AgileBio, LabVantage Solutions, CloudLIMS, Tech Mahindra, PerkinElmer, Infosys.
The healthcare laboratory 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 Laboratory 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 Laboratory Informatics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Healthcare Laboratory 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 Laboratory 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 Laboratory Informatics Market Size & Forecast, 2020-2028
4.5.1 Healthcare Laboratory Informatics Market Size and Y-o-Y Growth
4.5.2 Healthcare Laboratory Informatics Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 LIMS
5.2.2 ELN
5.2.3 SDMS
5.2.4 CDS
5.2.5 LES
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Biotech Companies
6.2.2 Pharmaceuticals
6.2.3 Clinical
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Healthcare Laboratory 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 Laboratory 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 LIMS
9.6.2 ELN
9.6.3 SDMS
9.6.4 CDS
9.6.5 LES
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 Market Size Forecast by Applications
9.10.1 Biotech Companies
9.10.2 Pharmaceuticals
9.10.3 Clinical
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 LIMS
10.6.2 ELN
10.6.3 SDMS
10.6.4 CDS
10.6.5 LES
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 Market Size Forecast by Applications
10.10.1 Biotech Companies
10.10.2 Pharmaceuticals
10.10.3 Clinical
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 LIMS
11.6.2 ELN
11.6.3 SDMS
11.6.4 CDS
11.6.5 LES
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 Market Size Forecast by Applications
11.10.1 Biotech Companies
11.10.2 Pharmaceuticals
11.10.3 Clinical
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 LIMS
12.6.2 ELN
12.6.3 SDMS
12.6.4 CDS
12.6.5 LES
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 Market Size Forecast by Applications
12.10.1 Biotech Companies
12.10.2 Pharmaceuticals
12.10.3 Clinical
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 LIMS
13.6.2 ELN
13.6.3 SDMS
13.6.4 CDS
13.6.5 LES
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) Market Size Forecast by Applications
13.10.1 Biotech Companies
13.10.2 Pharmaceuticals
13.10.3 Clinical
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 Laboratory Informatics Market: Competitive Dashboard
14.2 Global Healthcare Laboratory Informatics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Calsoft Labs
14.3.2 Abbott Informatics
14.3.3 Agaram Technologies
14.3.4 Agilent Technologies
14.3.5 Thermo Fisher Scientific
14.3.6 ID Business Solutions
14.3.7 LabWare
14.3.8 LabLynx
14.3.9 Waters Corporation
14.3.10 Genologics(An Illumina Company)
14.3.11 Core Informatics
14.3.12 AgileBio
14.3.13 LabVantage Solutions
14.3.14 CloudLIMS
14.3.15 Tech Mahindra
14.3.16 PerkinElmer
14.3.17 Infosys
