Approval of New Tests and Laboratory Automation Solutions are Driving Transformational Growth
12-Dec-2024
Global
Market Outlook
PFRL-01-00-00-00
HC_2024_1181
Accounting for 2%-3% of total healthcare expenditure and influencing 70% of clinical decision-making, diagnostics is the silent champion supporting all stages of precision health, including risk stratification, screening, early diagnosis, prognosis, monitoring, and relapse.
The discovery and translation of blood-based neurology biomarkers, sustained growth in drug-diagnostic combinations seeking regulatory approval, and unique opportunities in rapid antimicrobial resistance diagnostics necessitate built-in adaptability in diagnostics applications to improve therapeutic decisions and transform precision healthcare pathways. Moreover, given the persistent challenges the sector is facing, including the pathology workforce shortage, accuracy concerns, and uneven distribution of prices and resources, cloud-based solutions, remote access, and real-time data monitoring are evolving unprecedentedly and promising to reshape operations globally.
As the sector undergoes a seismic shift to improve therapeutic decisions and transform precision pathways, the trifecta of technological advancements, market demands, and patient expectations is transforming the global diagnostics ecosystem. The need to make products and services more affordable, reduce capital expenditure, and free up funds to improve cybersecurity will forge demand for greater diagnostics efficiency. The key for stakeholders will be to upgrade products' information technology (IT) components through dashboards and real-time analytics and forge demand for a unified, scalable data-based diagnostic model capable of delivering precision care.
Strategic Imperatives
Top 6 Growth Opportunities
Growth Opportunity 1: LIMS
Growth Opportunity 2: NGS Informatics
Growth Opportunity 3: Smart Lab Solutions
Growth Opportunity 4: CDx
Growth Opportunity 5: Neurology Blood Tests
Growth Opportunity 6: Rapid Antimicrobial Resistance Diagnostics
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| Deliverable Type | Market Outlook |
|---|---|
| Author | Amartya Bose |
| Industries | Healthcare |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | clinical diagnostics market |
| Keyword 2 | healthcare diagnostics growth |
| Keyword 3 | 2025 diagnostics opportunities |
| Podcast | No |
| Predecessor | K9E9-01-00-00-00 |
| WIP Number | PFRL-01-00-00-00 |
Top 6 Growth Opportunities for Clinical Diagnostics, Global, 2025
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