Healthcare Laboratory Informatics Market to grow at 9.5% from 2017 to 2024

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Healthcare Laboratory Informatics Market forecast
to reach 1.8bn by 2024 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Healthcare Laboratory
Informatics Market

• Global Market Insights, Inc. says Healthcare
  Laboratory Informatics Market size will exceed
  USD 1.8 billion by 2024.
• Rising demand for scientific data integration
  solution will drive global healthcare laboratory
  informatics market. Shift in trend from
  biological and scientific mechanisms to
  advancements driven by data integration patterns
  should propel business growth.
• Innovations such as high throughput screening
  (HTS) technology, ultrahigh throughput screening
  (UHTS) instruments and cloud based solutions will
  further stimulate industry growth.
• Laboratory Information Management Systems (LIMS)
  will witness lucrative growth due to lesser
  errors and easy data tracking.
• 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.

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Continued...

• 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.
• 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 RD expenditure by the private
  and public agencies coupled with increasing level
  of health awareness.

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Continued...

• Brazil will experience robust growth due to
  adoption of comprehensive enterprise integration
  solution to streamline business operations.
• Increasing RD 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.

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U.S. Healthcare Laboratory Informatics Market
Share, By End Use, 2013-2024 (USD Million)

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