Diagnostics Lab Automation and Monitoring Solutions Growth Opportunities

Diagnostics Lab Automation and Monitoring Solutions Growth Opportunities Updated Research Available

The Intersection of Automation and Digital Data Exchange Unlocks Value for Diagnostics Labs

RELEASE DATE
17-Jun-2024
REGION
Global
Deliverable Type
Market Research
Research Code: PFF5-01-00-00-00
SKU: HC_2024_807
AvailableYesPDF Download
$4,950.00
In stock
SKU
HC_2024_807

Diagnostics Lab Automation and Monitoring Solutions Growth Opportunities
Published on: 17-Jun-2024 | SKU: HC_2024_807

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The pathology workforce shortage, accuracy concerns, and uneven distribution of prices and resources are persistent challenges for the diagnostics sector.

Lab test results are the foundation of future human health, influencing 70% of clinical decisions. A surge in lab tests’ yearly volume will result from persistent trends, including aging populations, growing non-communicable diseases, early-onset cancers, type 2 diabetes, and other cardiometabolic and neurodegenerative diseases.

In consequence, advancements in digital technology are steadily expanding the availability of lab diagnostic tools beyond traditional medical settings. The popularity of omnichannel experiences across various consumer digital touchpoints and the rise of mobile apps, online aggregator platforms, and self-care trends (for instance, preventive checks) are boosting the year-over-year (YoY) number of digital users of pathology labs. Certain technologies, such as next-generation sequencing, are shaping the high-end specialized test spectrum, including oncology, prenatal, and infectious disease diagnostics.

In this context, a robust business expansion strategy that drives growth while also improving resilience and sustainability is critical for pathology labs looking to expand their business to new markets. Many labs have partnered with in vitro diagnostics vendors to increase access, optimize network organization, and recover lab productivity. These efforts improve test results’ delivery and generate better-oriented test menus that persist throughout economic cycles.

Furthermore, the strategic use of digitization and automation is vital for labs to pivot and grow with changing consumer expectations—improved convenience, affordable pricing, and quicker turnaround times. However, incremental upgrades to legacy equipment and workflows may affect digital transformation maturity. Robotic automation and proactive lab monitoring capable of performing intelligent operations are also entering the sector. With a projected 9.1% CAGR, the lab automation and monitoring solutions industry is a significant inflection point in the diagnostics industry.

Author: Amartya Bose

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Lab Automation and Monitoring Solutions Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Segmentation

Segmentation (continued)

Key Competitors

Key Competitors (continued)

Growth Metrics

Growth Drivers

Growth Drivers (continued)

Growth Restraints

Growth Restraints (continued)

Forecast Assumptions

Revenue Forecast

Revenue Forecast by Industry Vertical

Revenue Forecast by Region

Forecast Analysis

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Pricing Trends and Forecast Analysis

Competitive Environment

Revenue Share

Competitive Factors Assessment

Competitive Factors Assessment (continued)

Growth Metrics

Revenue Forecast

Revenue Forecast by Region

Forecast Analysis

Forecast Analysis (continued)

Forecast Analysis (continued)

Growth Metrics

Revenue Forecast

Revenue Forecast by Region

Forecast Analysis

Forecast Analysis (continued)

Forecast Analysis (continued)

State of the Industry—Present and Future

State of the Industry—Present and Future (continued)

Growth Opportunity 1—Automated Liquid Handling Systems

Growth Opportunity 1—Automated Liquid Handling Systems (continued)

Growth Opportunity 2—Real-time Data Monitoring

Growth Opportunity 2—Real-time Data Monitoring (continued)

Growth Opportunity 3—Insights as a Service

Growth Opportunity 3—Insights as a Service (continued)

Your Next Steps

Why Frost, Why Now?

List of Exhibits

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The pathology workforce shortage, accuracy concerns, and uneven distribution of prices and resources are persistent challenges for the diagnostics sector. Lab test results are the foundation of future human health, influencing 70% of clinical decisions. A surge in lab tests yearly volume will result from persistent trends, including aging populations, growing non-communicable diseases, early-onset cancers, type 2 diabetes, and other cardiometabolic and neurodegenerative diseases. In consequence, advancements in digital technology are steadily expanding the availability of lab diagnostic tools beyond traditional medical settings. The popularity of omnichannel experiences across various consumer digital touchpoints and the rise of mobile apps, online aggregator platforms, and self-care trends (for instance, preventive checks) are boosting the year-over-year (YoY) number of digital users of pathology labs. Certain technologies, such as next-generation sequencing, are shaping the high-end specialized test spectrum, including oncology, prenatal, and infectious disease diagnostics. In this context, a robust business expansion strategy that drives growth while also improving resilience and sustainability is critical for pathology labs looking to expand their business to new markets. Many labs have partnered with in vitro diagnostics vendors to increase access, optimize network organization, and recover lab productivity. These efforts improve test results delivery and generate better-oriented test menus that persist throughout economic cycles. Furthermore, the strategic use of digitization and automation is vital for labs to pivot and grow with changing consumer expectations improved convenience, affordable pricing, and quicker turnaround times. However, incremental upgrades to legacy equipment and workflows may affect digital transformation maturity. Robotic automation and proactive lab monitoring capable of performing intelligent operations are also entering the sector. With a projected 9.1% CAGR, the lab automation and monitoring solutions industry is a significant inflection point in the diagnostics industry. Author: Amartya Bose
More Information
Deliverable Type Market Research
Author Amartya Bose
Industries Healthcare
No Index No
Is Prebook No
Keyword 1 Diagnostics lab automation solutions
Keyword 2 Lab monitoring systems growth
Keyword 3 Healthcare automation market
Podcast No
WIP Number PFF5-01-00-00-00