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

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

2. 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.

3. 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 R&D expenditure by the private and public agencies coupled with increasing level of health awareness.

4. Continued... • Brazil will experience robust growth due to adoption of comprehensive enterprise integration solution to streamline business operations. • Increasing R&D 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.

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

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