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Laboratory Informatics Market Size to Hit USD 3.87 Billion by 2030 at 7.89% CAGR – Report by Market Research Future (MRFR)

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New York, USA, June 25, 2023 (GLOBE NEWSWIRE) — Laboratory Informatics Market Overview

According to a Comprehensive Research Report by Market Research Future (MRFR), “Laboratory Informatics Market Information by Product, Component, Deployment Model And Regions – Forecast till 2030”, the market value is expected to grow at a CAGR (Compound Annual Growth Rate) of about 7.89% to reach USD 3.87 billion by the end of 2030.

Market Scope:

Due to increasing workloads, tighter budgets, and technological advancements, the laboratory informatics market is demanding changes in the very nature of pathology itself. New laboratory systems, employing the most cutting-edge technology, are being developed to fulfill the current demand. New methods for organizing laboratory data are required to keep up with the demands of the healthcare system. The credibility of the data they collect is a top priority for clinicians.

In addition, the user interface of laboratory information systems can be tailored to suit individual needs. Diagnostic tests and other laboratory procedures benefit greatly from the availability of such equipment. The usage of laboratory informatics solutions allows for highly precise management of laboratory data and tracking of laboratory process progression. Therefore, laboratory informatics improves lab productivity.

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Report Scope:

Report Attribute Details
Market Size in 2030 USD 3.87 Billion
CAGR 7.89%
Base Year 2021
Forecast Period 2022-2030
Historical Data 2020
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered by Product, Component And Deployment Model
Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Market Drivers Expanding R&D in medicine are likely to drive the laboratory informatics market growth
Rising applications of lab informatics solutions and an increase in the number of diagnoses.

Laboratory Informatics Market Competitive Outlooks:

Below are the key companies that offer lab informatics in the global market:

  • Accelerated Technology Laboratories
  • Autoscribe Limited
  • Dassault Systèmes
  • Kinematik
  • Labvantage Solutions Inc.
  • Labworks LLC
  • Perkinelmer Inc.
  • Waters
  • Abbott Laboratories
  • Agilent Technologies Inc.
  • Cerner Corporation
  • IDBS
  • Lablynx Inc.
  • Labware
  • McKesson Corporation
  • Thermo Fisher Scientific Inc.

Laboratory Informatics Market Trends:

Market Drivers

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The expanded use of cloud-based platforms by CROs, the demand for individualized treatment plans, the emergence of new markets, the arrival of new regulatory approvals, and the continuation of rising investment in medical research and development are all factors that could contribute to this growth. Over the next few years, demand for automated lab systems is likely to rise. In the last few decades, technological developments in molecular genomics and genetic testing procedures have led to a substantial increase in the amount of data collected by laboratories. Demand for lab automation systems is also predicted to rise due to the growing interest in customized treatment, the rising number of cancer genomics studies, and the expanding needs for patient interaction.

Market Restraints

The potential expansion of the laboratory informatics market is threatened by a number of problems. shortage of integration standards for laboratory informatics and a shortage of qualified employees are impeding overall sector growth. The growth of the laboratory informatics business may be stymied over the next years by the associated high costs of both maintenance and servicing.

Browse In-depth Market Research Report (90 Pages) on Laboratory Informatics: https://www.marketresearchfuture.com/reports/laboratory-informatics-market-8106

COVID-19 Analysis:

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The healthcare industry is now front and center due to the Coronavirus outbreak. As a result of the epidemic, there has been a widespread shortage of essential medical supplies. About one-fifth of the world’s research facilities were closed, leaving only about one-fifth operational. As a result, shortages of the product have emerged in markets around the world due to logistical issues brought about by government measures including stay-at-home orders, social distancing conventions, mobility restrictions, and disruptions to supply chains. As a result of the epidemic, pharmaceutical corporations and healthcare institutes have increased their research and development spending on artificial intelligence. 

Since the pandemic has driven government and agencies to create and launch the vaccine to limit the severity of infections, the vaccine has the most commercial influence. Clinical laboratories have had to adapt to meet the unprecedented demand for COVID-19 testing around the world. This includes developing, standardizing, and validating new methods for testing and administering large volumes of patient specimens and test data, as well as ensuring the timely and accurate reporting of test results. A LIMS serves a crucial role in helping clinical laboratories keep up with the growing demand for COVID-19 tests, which prompted their introduction.

Laboratory Informatics Market Segmentation:

By Component

Software segment is poised to record substantial growth over the review period.

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By Product

Laboratory Information Management Systems (LIMS) is slated to rise at a notable CAGR over the forecast period.

By Deployment model

On-premise models segment is projected to expand at a proliferated rate over the review period.

By End-user

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CROs segment is expected to record significant growth over the review period.

Laboratory Informatics Market Regional Analysis:

North America is expected to maintain its dominant position in the laboratory informatics market throughout the forecast period. This is because of the excellent medical infrastructure and reimbursement options available there. The United States has the largest share of the regional market because of the widespread adoption of digital healthcare in the country and the rising investments made by businesses.

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In 2018, the European Union was predicted to have the second largest market for laboratory informatics. Advances in technology and the availability of funds for study and innovation will both contribute to the expansion of healthcare laboratory information systems. The medical laboratory informatics business in Europe was dominated by Germany due to the country’s advanced automation of laboratory systems.

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Throughout the laboratory informatics forecast, Asia Pacific is expected to experience remarkable growth in medical informatics due to greater market participation and increased healthcare finance.

However, due to slow economic development in the region, Africa and the Middle East made up the least share of the market.

Discover more research Reports on Healthcare Industry by Market Research Future:

Laboratory Information System Market Research Report Information by Application (Clinical, Drug Discovery, and Industrial), By Components (Software, Hardware, and Services), By Delivery (On-Premise Based, and Cloud-Based), And by Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030

Clinical trial management system market Research Report Information By Type (Enterprise CTMS and On-Site CTMS), Delivery Model (Web-Based [Hosted CTMS], Licensed Enterprise, Cloud-Based CTMS [SaaS]), Component (Software, Service, and Hardware), End-User (Pharmaceutical and Biopharmaceutical Companies, Medical Device Manufacturers, Contract Research Organizations, and others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2030

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Drug Discovery Services Market Research Report Information By Drug Type (Small Molecule Drug, Biologics), By Type (DMPK, Pharmaceutical Services, Others), By Therapeutic Area (Oncology, Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence

YES Delivers Multiple VeroTherm Formic Acid Reflow Systems To Leading Semiconductor Device Customers

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FREMONT, Calif., June 26, 2024 /PRNewswire/ — YES (Yield Engineering Systems, Inc.), a leading manufacturer of process equipment for semiconductor advanced packaging applications, today announced that it has delivered multiple VeroTherm Formic Acid Reflow (FAR) systems to leading logic and memory customers. This system will be utilized to enable 3D stacking of memory and logic chips required to support the growth of high-performance AI accelerators driven by large language model (LLM) applications.

The VeroTherm FAR system is designed to provide solutions for achieving sub 10-micron micro-bump structures with fluxless solder and mass reflow processes. This system enables superior quality and total cost of ownership (CoO) particularly for the manufacturing of advanced packaging architectures such stacked logic and high bandwidth memory (HBM) that are an integral part of the AI accelerators currently being launched in the market.
“The VeroTherm offers unique single wafer chamber design with flexibility to improve reflow quality and addresses challenges associated with reduced bump pitches. YES has demonstrated superior reflow results with no bump cracking defects observed at sub-30 micron pitch and no collapsed bumps with pitches down to 12um. YES proprietary process also results in defect-free solder reflow resulting in high throughput and low CoO. These results can extend bump-based mass reflow technology to sub-10um pitch,” said Alex Chow, SVP Global Sales at YES. “These orders are an important milestone for YES as it is a validation of our efforts to serve the multiple market segments,” Chow added.
According to Saket Chadda, SVP and GM, Dry Business Unit at YES, “Our Verotherm FAR wafer product line offers vacuum based single wafer processing with unique capabilities of performing the task of removing oxides and reflowing solder into excellent bump shapes without defects found in older atmospheric pressure systems. It eliminates SnAg agglomerate defects and rough surfaces while minimizing inter-metallic compound zones with extendibility down to sub-10um micron pitches.”
About YES
YES (Yield Engineering Systems, Inc.) is a leading manufacturer of high-tech, cost-effective equipment for transforming surfaces, materials and interfaces.  The company’s product lines include vacuum cure ovens, chemical vapor deposition (CVD) systems, and plasma etching tools used for precise surface modification and thin-film coating of semiconductor wafers, semiconductor and MEMS devices, and biodevices. With YES, customers ranging from startups to Fortune 100 companies can create and volume-produce products in a wide range of markets, including Advanced Packaging, MEMS, Augmented Reality/Virtual Reality and Life Sciences. YES is headquartered in Fremont, California, with a growing global presence. For more information, please visit www.yieldengineering.com.
Media Contact
Alex ChowSVP Business Development & Mktg / Asia PresidentYES (Yield Engineering Systems, Inc.)+886-926136155 [email protected] 
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Amagi Strengthens its European Presence With the Inauguration of a New Office in Poland

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Amagi to Develop Flagship LIVE Products at Central European Innovation Center
ŁÓDŹ, Poland, June 26, 2024 /PRNewswire/ — Amagi, a leading global provider of cloud-based SaaS technology for broadcast and Connected TV (CTV), is focusing on engaging with the vibrant young technology talent in Poland as it inaugurates a new office in the bustling center of Łódź. This move underlines Amagi’s dedication to harnessing the exceptional technology skills found in Poland, aiming to shape the future of global media and entertainment.

Poland has strategically positioned itself as a magnet for tech innovation. Its robust educational system produces engineering, computer science, and other tech-related graduates. This abundance of skilled professionals and a supportive environment make Poland a prime location for companies looking to tap into the global tech scene.
“The inauguration of this innovation center in Central Europe marks a key milestone in Amagi’s journey,” says Baskar Subramanian, Co-Founder and CEO of Amagi. “This center will provide a platform for Polish technology professionals to serve our global customers, underscoring Amagi’s strategic vision of being a frontrunner in the cloud-based live broadcast technology domain.”  
“The entry of Amagi into our market is a significant event for our technology sector,” says Adam Pustelnik, First Deputy Mayor of the City of Łódź. “This industry is growing rapidly and constantly needs new solutions, specialists, and a specific talent pool. We are delighted to collaborate with such an innovative company and support the development of our City together. I believe that Amagi, as a strong global brand, will help strengthen Łódź’s position in the global media technology market.”
In 2023, Amagi expanded its global footprint by acquiring Tellyo, a Polish company specializing in broadcast technology solutions. This strategic move marked Amagi’s initial foray into the Polish market and proved to be a significant growth catalyst for the company.  The talented Polish development teams are now at the forefront of several of Amagi’s industry-leading products, including Tellyo STUDIO, a platform designed to streamline live content production and delivery, and Tellyo PRO, a suite of tools tailored explicitly for high-pressure live broadcast environments like elections and significant sporting events, such as the Olympics.
“At Amagi, we’re driven by four core values that empower everyone in our ecosystem, from employees to customers, to thrive and reach their full potential truly,” says Prasad Menon, Chief People Officer at Amagi. “Our Polish team perfectly embodies this philosophy.  Their exceptional talent, dedication, and deep understanding of technology fuel the development of our industry-leading solutions.  Their ability to deliver cutting-edge products like Tellyo Studio and Tellyo Pro ensures Amagi continues to meet the ever-changing needs of the global media landscape.”
Amagi has significantly increased its customer base in the European region. It now delivers services to large media and entertainment industry players like DAZN, Grupa Polsat-Interia, and many more. Amagi also delivers linear channels in over 40 countries worldwide, with a strong presence in the American market. Its global client list includes ABS-CBN, AccuWeather, A+E Networks UK, Cineverse, and more.
About Amagi
Amagi is a next-generation media technology company that provides cloud broadcast and targeted advertising solutions to broadcast TV and streaming TV platforms. Amagi enables content owners to launch, distribute, and monetize live linear channels on Free Ad-supported Streaming TV and video services platforms. Amagi also offers 24×7 cloud-managed services bringing simplicity, advanced automation, and transparency to the entire broadcast operations. Overall, Amagi supports 800+ content brands, 800+ playout chains, and over 3800+ channel deliveries on its platform in over 150 countries. Amagi has a presence in New York, Los Angeles, London, Paris, Melbourne, Seoul, Singapore, and broadcast operations in New Delhi, and innovation centers in Bangalore, Zagreb, and Łódź.
About Invest in Łódź 
Our Bureau supports investors & businesses by being an integrator of diverse entities around the City and its offerings and facilitating relations among stakeholders. Moreover we provide services and tools that create value for future investors and stakeholders and promote the business brand of the City.
Link to Word Doc: www.wallstcom.com/Amagi/240625-Amagi-Poland.docx 
Link to Polish Translation: www.wallstcom.com/Amagi/240625-Amagi-Poland-Po.docx
Photo Link: www.wallstcom.com/Amagi/Poland_Office.jpg
Photo Caption: Deputy Mayor of the City of Łódź, Adam Pustelnik, Prasad Menon, Chief People Officer at Amagi, Mariusz OstojaSwierczynski, Senior Director of Engineering at Amagi, and Jakub Majkowski, Founder and COO of Tellyo, at the inauguration of the new innovation center in Łódź.
 
Amagi Contact:
Aashish Washikar
Director – Corporate Communications
Email: [email protected]
Phone : +91 9533390005

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Synechron to acquire Adelaide-headquartered companies Chamonix IT and Exposé to grow its digital transformation, engineering, AI, and data and analytics capabilities in Australia

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This acquisition extends Synechron’s reach across the country, establishing a presence in key hubs and unlocking new industries and clients.
SYDNEY and NEW YORK and LONDON and PUNE, India, June 26, 2024 /PRNewswire/ — Synechron, a global leader in digital transformation consulting for the financial and technology sectors, is proud to announce that it has executed a definitive agreement for the acquisition of Chamonix IT Management Consulting Pty Ltd and Exposé Data Pty Ltd. Both companies are headquartered in Adelaide, Australia, with additional operations in Melbourne and Brisbane and share a common goal of delivering digital transformation, artificial intelligence, and analytics expertise to clients across several key industries including government, healthcare, utilities, energy, and education. The definitive agreement with respect to the acquisition was signed on Tuesday, 25 June, 2024, and is subject to customary closing conditions, including approval by the Australian Foreign Investment Review Board (FIRB).

Chamonix IT, established in 2010, is the leading provider of digital transformation services to organizations in South Australia. With a skilled team of approximately 150 professionals, Chamonix IT has been pivotal in delivering cutting-edge solutions that address complex challenges and drive significant outcomes for enterprise-level and public sector clients. Chamonix IT’s founders established Exposé as a new company in 2016 to bring the same level of expertise, this time focused specifically on data science and engineering, data modelling and visualization, and artificial intelligence. Among the fastest-growing IT organizations in Australia, Exposé currently has a team of approximately 50 people across the country.
The two organizations will join Synechron’s core digital transformation consulting business alongside recently acquired iGreenData, which expanded Synechron’s data and blockchain expertise in the financial services sector. With these additions, Synechron has effectively doubled its presence in the country, achieving coverage across major sectors. This strategic positioning allows the company to capitalize on the growing information technology (IT) investment in Australia encompassing SaaS, IT services, and analytics, while simultaneously enhancing its ability to offer support and solutions across Asia, the Americas, and Europe.
Faisal Husain, Synechron Co-founder and CEO, commented, “We look forward to welcoming Chamonix IT and Exposé into the Synechron family when the acquisition is completed. They will enrich our presence in Australia, bringing fresh expertise and capabilities that complement our ongoing commitment in the region. This move will enhance our service offerings and drive significant value, strengthening our strategy of continuous innovation and client-focused solutions.”
Scott Grigg, CEO of Chamonix IT, said, “Joining forces with Synechron is a significant milestone for us. Our shared dedication to excellence and innovation means we’re exceptionally positioned to offer transformative digital solutions that are second to none.”
Kelly Drewett, CEO of Exposé, added, “Becoming part of the Synechron family represents a massive opportunity. It accelerates our ability to innovate and empowers our employees to take on even more complex challenges on behalf of our clients.”
Technology Holdings acted as the financial advisor to Chamonix IT and Exposé on the transaction.
About Synechron:
At Synechron, we believe in the power of digital to transform businesses for the better. Our global consulting firm combines creativity and innovative technology to deliver industry-leading digital solutions. Synechron’s progressive technologies and optimization strategies span end-to-end Artificial Intelligence, Consulting, Digital, Cloud & DevOps, Data, and Software Engineering, servicing an array of noteworthy financial services and technology firms. Through research and development initiatives in our FinLabs we develop solutions for modernization, from Artificial Intelligence and Blockchain to Data Science models, Digital Underwriting, mobile-first applications and more. Over the last 20+ years, our company has been honored with multiple employer awards, recognizing our commitment to our talented teams. With top clients to boast about, Synechron has a global workforce of 14,000+, and has 55 offices in 20 countries within key global markets. For more information on the company, please visit our website or LinkedIn community.
About Chamonix IT:
Chamonix IT empowers businesses to excel through transformative IT services. Serving both enterprise and government organizations, Chamonix IT delivers tailored solutions that ensure long-term success. Chamonix IT’s expertise spans Advisory, Cloud & Infrastructure, Application Innovation, Security, and Managed Services, enabling businesses to remain competitive and innovative in an ever-evolving landscape. By embracing an adaptable and flexible approach, Chamonix IT helps organizations navigate the complexities of digital transformation to propel their business forward.
About Exposé:
Exposé is a leading data analytics and AI consulting firm delivering data-driven insights and business-focused outcomes to private and public sector clients across Australia. Exposé’s approach is designed to give its clients the quickest and most cost-effective path to tackle data and AI opportunities through best practice. Clients benefit from Exposé’s significant experience, research and development, and innovation, which is at the core of what we do and the values we uphold. Founded in 2016, Exposé is now the largest data analytics and AI business in South Australia and one of only a few female-led technology businesses in the region.
For more information please contact:
Rashmi Joshi,[email protected] [email protected]
OR
 Zoe Forbes-Pyfrom (+44) 7718 [email protected]
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