Global Healthcare Laboratory Informatics Market share to grow at 9.5% CAGR from 2017 to 2024: Global Market Insights Inc. The medical industry report “Healthcare Laboratory Informatics Market Size By Product (LIMS, ELN, SDMS, CDS, LES), By Deployment (On Premise, Cloud Based), By Component (Services, Software), By End Use (Biotech Companies, Pharmaceuticals, Clinical), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, China, Japan, India, Australia, Brazil, Mexico, South Africa, Saudi Arabia), Application Development, Price Trend, Competitive Landscape & Forecast, 2017 – 2024”, by Global Market Insights, Inc. says The emergence of digitization and big data analytics is providing a major push to healthcare laboratory informatics market outlook, which is projected to exceed a revenue of USD 1.8 billion by 2024, with 9.5% CAGR projection. Over the years, the escalating growth of healthcare laboratory informatics market has been highly influenced by the surging requirements of laboratories to comply with a plethora of regulations. The healthcare space that has been witnessing a paradigm shift from volume to value-based model is adding a renewed dynamism to the market. The growing volume and complexity of clinical data are necessitating the requirement of advanced HTS (high throughput screening) and UHTS (Ultra high throughput screening) solutions that can efficiently derive meaningful insights. In addition to this, increasing integration of lab automation in contract manufacturing and research organizations have significantly accelerated healthcare laboratory informatics market commercialization.
This is quite evident from the increasing adoption rate of cloud computing technology in the healthcare organizations lately. Cloud computing technology enables customized services via internet such as disease monitoring, providing alerts to patients about the risks, and geospatial mapping. Advancement in virtualization and increasing access to high-speed internet at low cost is allowing healthcare organization to readily adapt these advanced technological solutions, leaving a subsequent impact on healthcare laboratory informatics market dynamics. The renewed healthcare fraternity where cost effective value-based models have become imperative, the industry giants are vigorously exploiting the potential growth prospects of the market. Strategic acquisitions, geographical expansion, and business partnerships are some of the major strategies adopted by the companies to 1|Page