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The laboratory informatics market share should rise by USD 3.02 billion from 2022 to 2026 at a CAGR of 12.52%.
This laboratory informatics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by component (software and service) and geography (North America, Europe, Asia, and ROW). The laboratory informatics market report also offers information on several market vendors, including Abbott Laboratories, Agilent Technologies Inc., Cerner Corp., LabLynx Inc., LabWare Inc., McKesson Corp., PerkinElmer Inc., TCG Lifesciences Pvt. Ltd., Thermo Fisher Scientific Inc., and Waters Corp. among others.
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The efficiency provided by laboratory automation is notably driving the laboratory informatics market growth, although factors such as high maintenance and service costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the laboratory informatics market. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.
This laboratory informatics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
The vendor landscape of the laboratory informatics market entails successful business strategies deployed by the vendors. The market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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32% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for laboratory informatics market in North America.
The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Technological advances will facilitate the laboratory informatics market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.
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The laboratory informatics market share growth by the software segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2022-2026 and embrace technologies to improve business efficiency.
This report provides an accurate prediction of the contribution of all the segments to the growth of the laboratory informatics market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.
Laboratory Informatics Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.52% |
Market growth 2022-2026 |
$ 3.02 billion |
Market structure |
Fragmented |
YoY growth (%) |
8.80 |
Regional analysis |
North America, Europe, Asia, and ROW |
Performing market contribution |
North America at 32% |
Key consumer countries |
US, Germany, Canada, China, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Companies profiled |
Abbott Laboratories, Agilent Technologies Inc., Cerner Corp., LabLynx Inc., LabWare Inc., McKesson Corp., PerkinElmer Inc., TCG Lifesciences Pvt. Ltd., Thermo Fisher Scientific Inc., and Waters Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Component
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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