About Healthcare Lab Informatics
Healthcare Lab Informatics has been a revolutionary tradition as a cross-area application of the information and data management principles with laboratory services. This would essentially include the collection, management, storage, tracking, analysis, and interpretation of laboratory data with respect to the improvement of operational efficiency, enhancement of diagnostic precision, and subsequent increase of patient care level. Laboratory medicine, computer science, and information science would come together in this field for the management of complex data generated in today's healthcare laboratories. Lab informatics can make use of different software systems and tools (Laboratory Information Management Systems [LIMS]) to optimize the workflow, automate processes, and ensure data integrity. It would be vital for quality control, regulatory compliance, as well as the generation of timely and accurate reports for clinicians. Ultimately, through such usage of data analytic and other informatics techniques, laboratories can identify trends and optimize the usage of resources, providing valuable insights to the broader healthcare ecosystem and, thus, improving clinical decision-making and patient outcomes.
Attributes | Details |
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Study Period | 2015-2026 |
Base Year | 2019 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abbott Informatics (Columbus, Ohio, USA), Agaram Technologies Pvt Ltd (Chennai, Tamil Nadu, India), AgileBio LLC (Piscataway, New Jersey, USA), Agilent Technologies (Santa Clara, California, USA), CSols Inc. (Newark, Delaware, USA), Genologics (San Diego, California, USA), ID Business Solutions Ltd. (Livingston, Scotland, UK), Infosys (Bengaluru, Karnataka, India), LabLynx, Inc. (Marietta, Georgia, USA), LabVantage Solutions, Inc. (Somerset, New Jersey, USA), LabWare (Wilmington, Delaware, USA), PerkinElmer, Inc. (Waltham, Massachusetts, USA), Tech Mahindra (Pune, Maharashtra, India), Thermo Fisher Scientific (Waltham, Massachusetts, USA) and Waters Corporation (Milford, Massachusetts, USA) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Healthcare Lab Informatics market by and Region.
On the basis of geography, the market of Healthcare Lab Informatics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Delivery Mode, the sub-segment i.e. Web-based will boost the Healthcare Lab Informatics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Products Type, the sub-segment i.e. Laboratory Information Management Systems (LIMS) will boost the Healthcare Lab Informatics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software will boost the Healthcare Lab Informatics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Life Sciences {Pharmaceutical and Biotechnology Companies, Biobanks/Biorepositories, Contract Services, Organizations (CROs and CMOs), Molecular Diagnostics (MDx) & Clinical Research Laboratories, Academic Research Institutes} will boost the Healthcare Lab Informatics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.