Laboratory Informatics Market Size 2028: Projected Growth and Opportunities | Techsci ResearchPosted by Kumar on April 25th, 2023 According to a report by TechSci Research titled “Global Laboratory Informatics Market Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, the Laboratory Informatics market is expected to experience impressive growth from 2024 to 2028. This is due to the increasing need for error reduction and improved efficiency in managing clinical data worldwide, which enhances market growth. Additionally, the demand for time-saving management systems and increased revenue is expected to drive market growth. The market is also expected to experience growth due to the rising demand for standalone software platforms to manage vast amounts of data and retrieve data as needed. Technological advancements in laboratory information systems and laboratory automation are also major factors driving market growth during the forecast period. Furthermore, there is an increasing demand for biobanks and biorepositories and growing research and development in academic research institutes, which is expected to lead to significant market growth. The increasing number of Contract Research Organizations (CROs) is also expected to drive market growth. However, high maintenance and service costs could slow down market growth during the forecast period. The slow implementation speed of laboratory informatics and the lack of trained professionals may further restrict the growth of the global Laboratory Informatics market. Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Laboratory Informatics Market"- https://www.techsciresearch.com/report/laboratory-informatics-market/14800.html Laboratory Informatics market can be segmented by type of solution, component, development model, industry and region. Based on the type of solution, the global Laboratory Informatics market can be further segmented into laboratory information management system, electronic lab notebooks, chromatography data systems, electronic data capture and clinical data management systems, laboratory execution systems, enterprise content management system, and scientific data management systems. The laboratory information management system segment dominated the market in 2022 and is expected to continue maintaining its dominance throughout the forecast period. This can be ascribed to the growing usage of laboratory information management systems due to the growing number of clinical laboratories for the detection of chronic diseases. Based on development model, the market can be further segmented into a premise model, a cloud-based model, and remotely hosted model. The cloud-based model segment is expected to dominate during the forecast period on account of the increasing demand for low-cost management systems and improving privacy concerns in hospitals and clinical laboratories. Moreover, growing demand for vast volumes of data remotely and easier to retrieve data as needed by clients are anticipated to boost the growth of the market during the forecast period. Major companies operating in the global Laboratory Informatics market are:
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“Laboratory Informatics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type of Solution (Laboratory information management system, electronic lab notebooks, Chromatography data systems, electronic data capture and clinical data management systems, Laboratory execution systems, Enterprise content management system, Scientific data management systems), By Component (Services v/s Software), By Development Model (On premise model, Cloud based model, Remotely hosted model), By Industry (Life science industry, Chemical industry, Food & Beverage and agriculture industry, Petrochemical refineries and oil &gas industry, Environmental testing laboratories, Others), By Region, and Competition”, has evaluated the future growth potential of global Laboratory Informatics market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global Laboratory Informatics market. Download Free Sample Report- https://www.techsciresearch.com/sample-report.aspx?cid=14800 Like it? Share it!More by this author
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