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DUBLIN--(BUSINESS WIRE)--Dec 7, 2022--
The "Laboratory Informatics Market - A Global Market and Regional Analysis: Focus on Type, Offering, Component, Deployment, End User, and Region Analysis - Analysis and Forecast, 2022-2032" report has been added to ResearchAndMarkets.com's offering.
The global laboratory informatics market was valued at $4,341.2 million in 2021 and is anticipated to reach $12,677.0 million by 2032, witnessing a CAGR of 10.27% during the forecast period 2022-2032.
The growth in the global laboratory informatics market is expected to be driven by the increased efficiency of laboratories due to their usage and better data management. Additionally, it saves time and money.
Laboratory informatics plays an essential role in laboratories fulfilling quality standards, eliminating transcribing mistakes, shortening the time it takes from specimen receipt to results reporting, and improving patient outcomes. Over the last decade, technical developments in laboratory equipment have resulted in increasing specimen numbers, as well as a growing need for and dependence on laboratory data to support clinical and public health demands.
These advancements indicated that paper-based record keeping and results reporting were impractical and could not serve the laboratory's commercial demands. As a result, there has been a significant increase in the need for laboratory informatics adoption at all levels. This expanded usage of laboratory informatics has enabled end customers to describe particular system requirements, prompting suppliers to design more appealing and practical products and feasible laboratory informatics choices.
Recent Developments in the Global Laboratory Informatics Market
Market Dynamics
Drivers
Challenges
Opportunities
Companies Mentioned
Market Segmentation
Segmentation 1: by Type
Segmentation 2: by Offering
Segmentation 3: by Component
Segmentation 4: by Deployment
Segmentation 5: by End User
Segmentation 6: by Region
For more information about this report visit https://www.researchandmarkets.com/r/nn7nu3
View source version on businesswire.com:https://www.businesswire.com/news/home/20221207005653/en/
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KEYWORD:
INDUSTRY KEYWORD: MEDICAL DEVICES HEALTH
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 12/07/2022 10:47 AM/DISC: 12/07/2022 10:48 AM
http://www.businesswire.com/news/home/20221207005653/en