Healthcare Laboratory Informatics Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Application and by End User : Global Opportunity Analysis and Industry Forecast, 2023-2032

Healthcare Laboratory informatics is the application of computers and information systems to information management in the pathology laboratory. Laboratory informatics is the specialized application of information technology aimed at optimizing and extending laboratory operations. It encompasses data acquisition (e.g. through sensors and hardware or voice, instrument interfacing, laboratory networking, data processing, specialized data management systems (such as a chromatography data system), a laboratory information management system, scientific data management (including data mining and data warehousing), and knowledge management (including the use of an electronic lab notebook). It has become more prevalent with the rise of other "informatics" disciplines such as bioinformatics, cheminformatics and health informatics. Several graduate programs are focused on some form of laboratory informatics, often with a clinical emphasis. Effective information management is crucial to the success of pathologists and laboratorians. Informatics has become one of the key pillars of pathology, and the requirement for skilled informatics in the laboratory has quickly grown

Covid-19 Scenario analysis:

The coronavirus outbreak came to light on December 31, 2019 when China informed the World Health Organisation of a cluster of cases of pneumonia of an unknown cause in Wuhan City in Hubei Province. Subsequently the disease spread to more Provinces in China, and to the rest of the world. The WHO has now declared it a pandemic. The virus has been named SARS-CoV-2 and the disease is now called COVID-19There are tools which will help patients assess their symptoms and determine if they're a good candidate for a coronavirus disease 2019 (COVID-19) test in their home community. It also offers guidance on when to seek medical care and what to do in the meantime. This information is based on Centres for Disease Control and Prevention (CDC) guidelines that uses Healthcare laboratory informatics to detect and control disease during a pandemic giving the market a boost.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact analysis:

Drivers:

Rise in need for laboratory automation:

Automation has long been regarded as an important means for clinical laboratories to achieve greater efficiency, accuracy, standardization, quality, and patient safety. Laboratory automation system consists of robots, conveyor systems, machine vision, and computer hardware and software. Specimen movement and result reporting are based on the identification of specimens using bar coded specimens and bar coded specimen carriers. The implementation of a laboratory automation system is dependent on the presence of a laboratory information system. An interface between the laboratory information system and the laboratory automation system provides the information required to move the specimen through the laboratory. The reporting of results is dependent on the laboratory information system or manual input, depending on the type of work cell in which the results are produced. Several opportunities exist for the reduction in laboratory expenses and the development of new positions, such as "rob technologist," a staff member who would function in a manner similar to the current laboratory information systems manager. Adoption of technologically advanced software solutions and use of laboratory information management systems allow better diagnosis and improve regulatory compliance.

Advancements in Laboratory information management systems (LIMS):

A Laboratory Information Management System (LIMS) allows to effectively manage the flow of samples and associated data to improve lab efficiency. A LIMS helps standardize workflows, tests and procedures, while providing accurate controls of the process. Instruments may be integrated into the LIMS to automate collection of test data, ensuring they are properly calibrated and operated by trained staff only. The audit and revision control functions in a LIMS are key reasons why people use a LIMS and ‘go paperless’. Unlike a spreadsheet changes to results are logged, as well as any changes to the test procedure, instruments and reagents used and so on. A LIMS helps labs produce accurate, repeatable results, labs to automate and speed up laborious tasks Management, and also helps labs store and retrieve results quickly. LIMS are used by laboratory workers and support staff of all disciplines. Every lab can benefit from a LIMS, however they’re commonly found in medical, pharmaceutical tracking, environment monitoring, manufacturing and quality assurance labs. Hence the LIMS has boosted the Healthcare informatics market.

Restrains:

The greatest hurdle to overcome in developing and implementing a laboratory automation system is the integration of systems, including commercial laboratory instrumentation and user-defined work cells. The barriers to implementation primarily are proprietary in nature: instrument software and instrument hardware. When the instrument manufacturers realize the necessity for development of electronic and physical integration, the proliferation of laboratory automation systems will occur.

Regional analysis:

Asia Pacific healthcare laboratory informatics market, driven by China, is anticipated to witness a robust growth trend over the coming years. The demand is attributed to increasing research and development activities by both the private and public healthcare agencies. U.S. is another major region contributing to global healthcare laboratory informatics industry, driven by a greater demand for quality diagnosis and check-ups across this region. This has in turn fuelled the deployment of laboratory setups for providing cost-effective solutions and technological innovations. Robust growth of IT companies in the region which are providing effective laboratory services will significantly expand the U.S. business.

Key benefits of the report:

• This study presents the analytical depiction of the global healthcare laboratory informatics industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Healthcare laboratory informatics market share.
• The current market is quantitatively analyzed to highlight the global xyz market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global xyz market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the xyz Market research report:

• What are the leading market players active in the xyz market?
• What the current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

  Healthcare Laboratory Informatics Market Report Highlights

Aspects	Details
By Type	Laboratory Information Management Systems (LIMS) Electronic Lab Notebooks (ELN) Scientific Data Management Systems (SDMS) Laboratory Execution Systems (LES) Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS) Chromatography Data Systems (CDS) Enterprise Content Management (ECM)
By Application	Laboratory Test Request and Sample Receiving Test Preparation LIMS Processing Test Results Recording and Verification Report Media, Reagents, Controls: Manufacturing and Inventory Interoperability and Data Exchange Statistical Analysis and Surveillance Billing for Laboratory Services Contract and Grant Management Training, Education and Resource Management Laboratory Certifications/Licensing Customer Relationship Management Quality Control (QC) and Quality Assurance (QA) Management Laboratory Safety and Accident Investigation Laboratory Mutual Assistance/Disaster Recovery Core IT Service Management: Hardware, Software and Services Policies and Procedures, including Budgeting and Funding
By End User	Pharmaceutical and Biotechnology Labs Biobanks/Biorepositories Molecular Diagnostics & Clinical Research Laboratories Academic Research Institutes CROs Chemical Industry Food and Beverage and Agriculture Industries Environmental Testing Laboratories Petrochemical Refineries & Oil and Gas Industry Other Industries (Forensics and Metal & Mining Laboratories)
By Region	North America  (U.S., Canada, Mexico) Europe  (Germany, France, Italy, UK, Spain, Rest of Europe) Asia-Pacific  (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific) LAMEA  (Brazil, South Africa, Saudi Arabia, Rest of LAMEA)
Key Market Players	LabWare, Agaram Technologies Pvt Ltd, LabLynx, Inc, Infosys, CSols Inc, LabVantage Solutions, Inc, Genologics, Agilent Technologies, Abbott, AgileBio LLC, ID Business Solutions Ltd
Other Players	PerkinElmer, Inc., Tech Mahindra, Thermo Fisher Scientific, Waters Corporation.