Lab workflow solutions market is slated for a retrieval in 2021, with a recent study by Fact.MR projecting revenues to grow significantly through 2021.
Lab workflow solutions market is slated for a retrieval in 2021, with a recent study by Fact.MR projecting revenues to grow significantly through 2021. Growth is primarily fuelled by the execution of government initiatives assisting the HCIT solutions adoption, benefits in improving patient safety and care, surging patient volume owing to the COVID-19 outbreak, increasing adoption of EHRs along with other HCIT solutions, as well as the growing need to restrict healthcare costs. Fact.MR, a global research & consulting firm, in the updated edition of the report, indicates a notable growth rate over the projected period 2018-2027.
“Progressions in IT has offered an ever-expanding range of options such as remote patient monitoring, mobile networks and devices, advanced broadband networks, EHRs and HD video conferencing. This has created notable opportunities for lab workflow solution market players.” says Fact.MR.
How Lab Workflow Solutions are Enhancing Patient Care & Safety?
Lab workflow solutions have become progressively meaningful to healthcare companies looking for more impactful, attractive, and seamless ways to enhance patient safety and outcomes. This is due to these solutions allowing the flow of real-time health data for continuous monitoring, ensuing in more improved outcomes and informed care decisions. The lab workflow solutions offer functionalities to assist in improving care coordination, care quality, as well as overall patient satisfaction while decreasing the rate of adverse drug events and medication errors, their adoption is anticipated to rise in the forthcoming years.
Request Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=436
Data Integration Solutions to Witness Widespread Adoption
Adoption of data integration solutions is expanding amid the assessment period, as well as these systems will be holding highest share in lab workflow solutions market. The growth can be primary underpinned on the back of Growing demand for utilizing medical records and integrating them over several hospital departments. This is additionally supported by the implementation of government penalties and incentives.
Furthermore, market players are offering EMR integration solutions and Medical image integration solutions to offer a more synergistic approach to data integration
India and China Offers Strong Growth Prospects for Lab Workflow Solutions
Adoption of favourable government initiatives, population growth and efforts to enhance the quality of care, strategies to digitalize country such as Brazil in all sectors by utilizing IT infrastructure and the growing awareness regarding the advantages of clinical workflow solutions are fueling the expansion of the region.
The UK has foreseen a rise in demand for high-speed sample processing, thus, boosting the need for lab automation. In the U.S., lab workflow solution systems are limited to research purposes only by FDA, while in Canada government regulations are more favourable and are allowing the usage of lab workflow solutions system in early diagnosis.
India and China are projected to grow as key outsourcing hubs for lab workflow solutions. Government initiatives can also emerge as a potent aspect responsible for pushing the growth of the market.
R&D activities, and mergers & acquisitions Remains Key Focus Areas: Fact.MR Survey
Lab workflow solutions market offers sturdy competition to the identified players, due to the presence of a few major players in the market. Fact.MR’s survey with thought leaders discovered that strategic partnerships, R&D activities, and mergers & acquisitions will remain a noteworthy strategy for market players in 2021 & beyond. The updated edition of the report provides comprehensive coverage of the projected to remain the key strategies of market players. A few of the players profiled in the report are GE Healthcare, Perkin Elmer, Inc., Definiens AG, Koninklijke Philips N.V, Sectra ABss, Ventana Medical Systems, Inc., 3D-Histech Ltd, Leica Biosystems, Inspirata Co., Hamamatsu Photonics, Quorum Technologies Inc., K.K., Yokogawa Electronic Corporation, Olympus Corporation, Digipath Co., and ZEISS . The updated edition also offers a detailed analysis of the COVID-19 impact on this market.
Explore Fact.MR’s Healthcare Reports
Epinephrine Market: Find insights on the epinephrine market with analysis of segments, statistics, influencers, market players, and business strategies adopted over a forecast period of 2018-2026.
Canine Parvovirus Market: Fact.MR’s report on the canine parvovirus market offers insights on the market during 2020-2030 including restraints, revenue sources, market leaders, and market strategies.
Fissure Sealants Market: Read an analysis of the fissure sealants market with insights on growth factors, opportunities, restraints, regional market forecast, regulatory policies, and strengths of market leaders.
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. We are headquartered in Dubai, and operate from our sales office in Dublin, Ireland. Reach out to us with your goals, and we’ll be an able research partner.
Contact
U.S Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Website: https://www.factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Source: Fact.MR