LABORATORY INFORMATICS MARKET ANALYSIS

Laboratory Informatics Market, By Device Type (Services and Software), By Product (Laboratory Information Management System, Electronic Lab Notebook, Enterprise Content Management, Laboratory Execution System, Chromatography Data System, Scientific Data Management System, Electronic Data Capture and Clinical Data Management Systems), By Delivery Mode (On-premise, Web-hosted, Cloud-based), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Jun 2024
Code : CMI5138
Pages :164
Formats :
Excel and PDF
Industry : Healthcare IT

Market Challenge – High cost associated with the maintenance and service

Global laboratory informatics market growth can be hampered due to significant expenses associated with maintenance and service. For example, the cost of a laboratory information system can vary between US$ 4,000 and US$ 100,000, with additional annual operating costs ranging from US$ 1000 to US$ 5000. These operating expenses encompass software licensing, healthcare personnel training, maintenance, and service costs. Thus, these laboratories often choose lower-cost versions of laboratory information systems.

Market Opportunity – Increasing favorability towards cloud-based laboratory informatic

Rising demand for cloud-based laboratory informatics can offer opportunities for participants in laboratory informatics market. Cloud-based technology enables the remote storage of vast data volumes, freeing up device space and facilitating customized data retrieval. In October 2021, PerkinElmer introduced its Signals Research Suite, a cloud-based solution hosted on Amazon Web Services. This secure informatics platform offers pharmaceutical and industrial clients integrated, comprehensive scientific data management and workflow capabilities.