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  • Published In : Jun 2024
  • Code : CMI5138
  • Pages :164
  • Formats :
      Excel and PDF
  • Industry : Healthcare IT
Market Challenge – High cost associated with the maintenance and service

Global laboratory informatics market growth can be hampered due to significant expenses associated with maintenance and service. For example, the cost of a laboratory information system can vary between US$ 4,000 and US$ 100,000, with additional annual operating costs ranging from US$ 1000 to US$ 5000. These operating expenses encompass software licensing, healthcare personnel training, maintenance, and service costs. Thus, these laboratories often choose lower-cost versions of laboratory information systems.

Market Opportunity – Increasing favorability towards cloud-based laboratory informatic

Rising demand for cloud-based laboratory informatics can offer opportunities for participants in laboratory informatics market. Cloud-based technology enables the remote storage of vast data volumes, freeing up device space and facilitating customized data retrieval. In October 2021, PerkinElmer introduced its Signals Research Suite, a cloud-based solution hosted on Amazon Web Services. This secure informatics platform offers pharmaceutical and industrial clients integrated, comprehensive scientific data management and workflow capabilities.

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