Lab Workflow Solutions Market
Lab Workflow Solutions Market Analysis By Type (Data Integration Solutions, Real-time Communication Solutions, Workflow Automation Solutions, Care Collaboration Solutions), By End Use (Hospitals, Long-term Care Facilities, Ambulatory Care Centers) & Regional Forecast 2022 to 2032
Analysis of Lab Workflow Solutions market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Lab Workflow Solutions Market Outlook (2022 to 2032)
In 2022, the global lab workflow solutions market stands at a valuation of US$ 9.12 billion and is predicted to surge to US$ 36.27 billion by the end of 2032. Worldwide lab workflow solution demand is projected to soar at a phenomenal CAGR of 14.8% between 2022 and 2032.
The clinical workflow solutions market is anticipated to account for the high demand for nurse call systems, lab sample management systems, and other laboratory workflow solutions over the coming years.
| Report Attributes | Details |
|---|---|
| Lab Workflow Solutions Market Size (2022) | US$ 9.12 Billion |
| Predicted Market Value (2032F) | US$ 36.27 Billion |
| Forecasted Market Growth Rate (2022 to 2032) | 14.8% CAGR |
| Top 3 Countries’ Market Share | 39.8% |
| Key Companies Profiled | Perkin Elmer Inc.; Quorum Technologies Inc.; Koninklijke Philips N.V.; Sectra ABss; Digipath Co.; Ventana Medical Systems Inc.; 3D-Histech Ltd.; GE Healthcare; Definiens AG; Inspirata Co.; ZEISS; Leica Biosystems; Hamamatsu Photonics K.K.; Yokogawa Electronics Corporation; Olympus Corporation |
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Demand Analysis of Lab Workflow Solutions (2017 to 2021) in Comparison to Market Growth Forecasts (2022 to 2032)
Over the past few years, the world has witnessed a substantial increase in the prevalence of chronic diseases and this has led to an increased burden on healthcare infrastructure. To reduce the burden on healthcare infrastructure, institutions are moving towards digitization and the adoption of novel technologies.
Increasing demand for standardization of processes in clinical laboratories, rising penetration of IoT and cloud technologies in healthcare infrastructure, growing collaborative nature of research and diagnostic labs, and increasing popularity of automation are prominent factors that drive lab workflow solutions market potential through 2032.
Rising focus on patient engagement is expected to favour demand for medical device integration platforms, physical access control systems (PACS), remote patient monitoring systems, etc.
Increasing use of the aforementioned systems will bolster the demand for laboratory information management systems to manage data efficiently.
However, high capital expenditure and changing regulatory guidelines across various regions are expected to have a hampering effect on the overall lab workflow management services market.
The market for lab workflow solutions is anticipated to expand at an astronomical CAGR of 14.8% from 2022 to 2032.
What are the Key Trends in the Lab Workflow Solutions Market?
“Collaborative Approach of Pathology Labs & Research Labs”
Cloud technology has opened up the scope of collaboration between multiple industry verticals and this trend has positively influenced the lab workflow solutions market growth. Integration of lab workflow software with cloud technology has provided new collaborative opportunities in the healthcare industry where demand for standardization and efficacy is increasing like never before.
Especially, pathology labs and research labs account for the high adoption of lab workflow management software in the healthcare industry and are pioneering a new path for collaborative approaches across various healthcare establishments. This aforementioned factor is anticipated to majorly drive lab workflow solutions market growth over the years to come.
“High Capital Expenditure Impeding Lab Workflow Solution Demand”
Deployment of laboratory process management solutions requires a high initial investment and is followed by costlier maintenance and training programs for staff.
This factor increases the overall operational costs of a laboratory, and hence, decreases profitability, which is acting as a major constraining factor for the global lab workflow solutions market.
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How Can New Entrants Carve a Market Share for Themselves?
“New Companies Need to Focus on Providing Innovative Lab Workflow Solutions”
The lab workflow solutions market is consolidated and tough to penetrate owing to the need for high initial capital investment. However, new market entrants can focus on bringing unique lab workflow solutions and services integrated with advanced technologies such as AI, IoT, machine learning, etc.
- For instance, in June 2022, ScImage Inc. and DiA Imaging Analysis collaborated to bring together a unique solution for echocardiography (echo) labs that enables better access to the latest imaging technology with advanced AI capabilities.
New market players can also collaborate and integrate their novel offerings to create a better overall workflow management solution that is unique in the industry.
How is the North America Lab Workflow Solutions Market Faring?
“North America Accounts for Dominant Market Share”
The North America lab workflow solutions market currently accounts for a prominent market share of 32.4% while holding a revenue total of US$ 2.95 billion in 2022.
Increasing research and development activities in this region are expected to boost the adoption of lab workflow solutions technologies across the forecast period. Rising spending on healthcare automation and digitization and supportive government investments are also expected to favour lab workflow solutions market potential in this region.
FDA restrictions regarding the use of lab workflow systems only for research purposes prove to be a major challenge for lab workflow solution providers in the United States.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Which End User of Lab Workflow Solutions is Prominent?
“Hospitals to Lead Lab Workflow Solution Demand”
Investments to bolster healthcare infrastructure have increased across the world and this has led to a rise in the establishment of hospitals. Increasing digitization and rising technological proliferation have boosted the establishment of connected hospitals.
The increasingly collaborative nature of hospitals and rising focus on patient flow management are expected to majorly drive the growth of this segment over the forecast period.
Fact.MR, a market research and competitive intelligence provider, has analyzed all the key market segments in this latest lab workflow solutions market research report, along with a detailed regional and global analysis.
Competitive Landscape
Lab workflow solution providers are focusing on mergers, acquisitions, and collaborations to increase the scope of application of their services and solutions and drive their revenue generation capacity.
- In May 2020, CISCO, a tech giant collaborated with Stanley Healthcare to integrate CISCO’s DNA Spaces with Stanley’s AeroScout Real-time location System (RTLS) platform. This collaboration enabled Stanley Healthcare to deliver a cost-effective solution to healthcare providers who use RTLS platforms for their core operations, thereby improving the overall quality of healthcare services.
Key Segments in Lab Workflow Solutions Industry Research
-
Lab Workflow Solutions Market by Type :
- Data Integration Solutions
- Real-time Communication Solutions
- Lab Workflow Automation Solutions
- Care Collaboration Solutions
- Enterprise Reporting & Analytics Solutions
-
Lab Workflow Solutions Market by End Use :
- Hospitals
- Long-term Care Facilities
- Ambulatory Care Centers
-
Lab Workflow Solutions Market by Region :
- North America
- Latin America
- Europe
- APAC
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2017 to 2021 and Forecast, 2022 to 2032
- 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Type
- 9.1. Data Integration Solutions
- 9.2. Real-time Communication Solutions
- 9.3. Lab Workflow Automation Solutions
- 9.4. Care Collaboration Solutions
- 9.5. Enterprise Reporting & Analytics Solutions
- 10. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by End Use
- 10.1. Hospitals
- 10.2. Long-term Care Facilities
- 10.3. Ambulatory Care Centers
- 11. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 13. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 14. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 15. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 16. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 17. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 18. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 19. Key and Emerging Countries Market Analysis 2017 to 2021 and Forecast 2022 to 2032
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Perkin Elmer Inc.
- 21.2. Quorum Technologies Inc.
- 21.3. Koninklijke Philips N.V.
- 21.4. Sectra AB
- 21.5. Digipath Co.
- 21.6. Ventana Medical Systems Inc.
- 21.7. 3D-Histech Ltd.
- 21.8. GE Healthcare
- 21.9. Definiens AG
- 21.10. Inspirata Co.
- 21.11. ZEISS
- 21.12. Leica Biosystems
- 21.13. Hamamatsu Photonics K.K.
- 21.14. Yokogawa Electronics Corporation
- 21.15. Olympus Corporation
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 08: Latin America Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 11: Europe Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 14: South Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 17: East Asia Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 20: Oceania Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2017 to 2032, By End Use
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2017 to 2021
Figure 02: Global Market Volume Forecast (in 000' Units), 2022 to 2032
Figure 03: Pricing Analysis (US$) Per Type, By Region, 2021
Figure 04: Pricing Analysis (US$) Per Type, By Region, 2021
Figure 05: Global Market Value Analysis (US$ Mn), 2017 to 2021
Figure 06: Global Market Value Forecast (US$ Mn), 2022 to 2032
Figure 07: Global Market Absolute $ Opportunity, 2022 to 2032
Figure 08: Global Market Share Analysis (%), By Type, 2022 to 2032
Figure 09: Global Market Y-o-Y Analysis (%), By Type, 2022 to 2032
Figure 10: Global Market Attractiveness Analysis by Type, 2022 to 2032
Figure 11: Global Market Share Analysis (%), By End Use, 2022 to 2032
Figure 12: Global Market Y-o-Y Analysis (%), By End Use, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 14: Global Market Share Analysis (%), By Region, 2022 to 2032
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2022 to 2032
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2032
Figure 17: North America Market Value Share, By Type, 2022 (E)
Figure 18: North America Market Value Share, By End Use, 2022 (E)
Figure 19: North America Market Value Share, By Country, 2022 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 21: North America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 22: North America Market Attractiveness Analysis by Type, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 24: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 25: Latin America Market Value Share, By Type, 2022 (E)
Figure 26: Latin America Market Value Share, By End Use, 2022 (E)
Figure 27: Latin America Market Value Share, By Country, 2022 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2017 to 2021
Figure 29: Latin America Market Value Forecast (US$ Mn), 2022 to 2032
Figure 30: Latin America Market Attractiveness Analysis by Type, 2022 to 2032
Figure 31: Latin America Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 32: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 33: Europe Market Value Share, By Type, 2022 (E)
Figure 34: Europe Market Value Share, By End Use, 2022 (E)
Figure 35: Europe Market Value Share, By Country, 2022 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2017 to 2021
Figure 37: Europe Market Value Forecast (US$ Mn), 2022 to 2032
Figure 38: Europe Market Attractiveness Analysis by Type, 2022 to 2032
Figure 39: Europe Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 40: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 41: South Asia Market Value Share, By Type, 2022 (E)
Figure 42: South Asia Market Value Share, By End Use, 2022 (E)
Figure 43: South Asia Market Value Share, By Country, 2022 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 45: South Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 46: South Asia Market Attractiveness Analysis by Type, 2022 to 2032
Figure 47: South Asia Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 48: South Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 49: East Asia Market Value Share, By Type, 2022 (E)
Figure 50: East Asia Market Value Share, By End Use, 2022 (E)
Figure 51: East Asia Market Value Share, By Country, 2022 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2017 to 2021
Figure 53: East Asia Market Value Forecast (US$ Mn), 2022 to 2032
Figure 54: East Asia Market Attractiveness Analysis by Type, 2022 to 2032
Figure 55: East Asia Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 56: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 57: Oceania Market Value Share, By Type, 2022 (E)
Figure 58: Oceania Market Value Share, By End Use, 2022 (E)
Figure 59: Oceania Market Value Share, By Country, 2022 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2017 to 2021
Figure 61: Oceania Market Value Forecast (US$ Mn), 2022 to 2032
Figure 62: Oceania Market Attractiveness Analysis by Type, 2022 to 2032
Figure 63: Oceania Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 64: Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 65: Middle East and Africa Market Value Share, By Type, 2022 (E)
Figure 66: Middle East and Africa Market Value Share, By End Use, 2022 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2022 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2017 to 2021
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2022 to 2032
Figure 70: Middle East and Africa Market Attractiveness Analysis by Type, 2022 to 2032
Figure 71: Middle East and Africa Market Attractiveness Analysis by End Use, 2022 to 2032
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2022 to 2032
Figure 73: U. S. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 74: U. S. Market Value Share, By Type, 2022 (E)
Figure 75: U. S. Market Value Share, By End Use, 2022 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2022 & 2032
Figure 77: Canada Market Value Share, By Type, 2022 (E)
Figure 78: Canada Market Value Share, By End Use, 2022 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2022 & 2032
Figure 80: Mexico Market Value Share, By Type, 2022 (E)
Figure 81: Mexico Market Value Share, By End Use, 2022 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2022 & 2032
Figure 83: Brazil Market Value Share, By Type, 2022 (E)
Figure 84: Brazil Market Value Share, By End Use, 2022 (E)
Figure 85: U. K. Market Value Analysis (US$ Mn), 2022 & 2032
Figure 86: U. K. Market Value Share, By Type, 2022 (E)
Figure 87: U. K. Market Value Share, By End Use, 2022 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2022 & 2032
Figure 89: Germany Market Value Share, By Type, 2022 (E)
Figure 90: Germany Market Value Share, By End Use, 2022 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2022 & 2032
Figure 92: France Market Value Share, By Type, 2022 (E)
Figure 93: France Market Value Share, By End Use, 2022 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2022 & 2032
Figure 95: Italy Market Value Share, By Type, 2022 (E)
Figure 96: Italy Market Value Share, By End Use, 2022 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2022 & 2032
Figure 98: Spain Market Value Share, By Type, 2022 (E)
Figure 99: Spain Market Value Share, By End Use, 2022 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 101: Russia Market Value Share, By Type, 2022 (E)
Figure 102: Russia Market Value Share, By End Use, 2022 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2022 & 2032
Figure 104: China Market Value Share, By Type, 2022 (E)
Figure 105: China Market Value Share, By End Use, 2022 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2022 & 2032
Figure 107: Japan Market Value Share, By Type, 2022 (E)
Figure 108: Japan Market Value Share, By End Use, 2022 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2022 & 2032
Figure 110: South Korea Market Value Share, By Type, 2022 (E)
Figure 111: South Korea Market Value Share, By End Use, 2022 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2022 & 2032
Figure 113: India Market Value Share, By Type, 2022 (E)
Figure 114: India Market Value Share, By End Use, 2022 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2022 & 2032
Figure 116: ASEAN Market Value Share, By Type, 2022 (E)
Figure 117: ASEAN Market Value Share, By End Use, 2022 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2022 & 2032
Figure 119: Australia Market Value Share, By Type, 2022 (E)
Figure 120: Australia Market Value Share, By End Use, 2022 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2022 & 2032
Figure 122: New Zealand Market Value Share, By Type, 2022 (E)
Figure 123: New Zealand Market Value Share, By End Use, 2022 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2022 & 2032
Figure 125: GCC Countries Market Value Share, By Type, 2022 (E)
Figure 126: GCC Countries Market Value Share, By End Use, 2022 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2022 & 2032
Figure 128: Turkey Market Value Share, By Type, 2022 (E)
Figure 129: Turkey Market Value Share, By End Use, 2022 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2022 & 2032
Figure 131: South Africa Market Value Share, By Type, 2022 (E)
Figure 132: South Africa Market Value Share, By End Use, 2022 (E)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What valuation does the lab workflow solutions market enjoy?
In 2022, the global lab workflow solutions market accounts for US$ 9.12 billion.
By 2032, what valuation will the market reach?
The global market is expected to reach US$ 36.27 billion by 2032.
How will the market evolve through 2032?
Revenue from lab workflow solutions is slated to increase at 14.8% CAGR.
What is the Europe lab workflow solutions market valuation?
At present, the Europe lab workflow solutions market is valued at US$ 2.75 billion.
Lab Workflow Solutions Market