Dublin, July 19, 2024 (GLOBE NEWSWIRE) -- The "Diagnostics Lab Automation and Monitoring Solutions Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
With a projected 9.1% CAGR, the lab automation and monitoring solutions industry is a significant inflection point in the diagnostics industry.
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.
Growth Opportunity Universe
- Automated Liquid Handling Systems
- Real-time Data Monitoring
- Insights as a Service
Key Topics Covered:
Strategic Imperatives
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative
- The Impact of the Top 3 Strategic Imperatives on the Lab Automation and Monitoring Solutions Industry
- Growth Opportunities Fuel the Growth Pipeline Engine
Growth Opportunity Analysis
- Scope of Analysis
- Segmentation
- Key Competitors
- Growth Metrics
- Growth Drivers
- Growth Restraints
- Forecast Assumptions
- Revenue Forecast
- Revenue Forecast by Industry Vertical
- Revenue Forecast by Region
- Forecast Analysis
- Revenue Forecast Analysis
- Pricing Trends and Forecast Analysis
- Competitive Environment
- Revenue Share
- Competitive Factors Assessment
Growth Opportunity Analysis - Lab Automation Systems
- Growth Metrics
- Revenue Forecast
- Revenue Forecast by Region
- Forecast Analysis
Growth Opportunity Analysis - Lab Monitoring Systems
- Growth Metrics
- Revenue Forecast
- Revenue Forecast by Region
- Forecast Analysis
Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/sicaeo
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