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
17-Jun-2024
Global
Market Research
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)
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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 |