Research Methodology – Laboratory Informatics Market
At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Laboratory Informatics Market comprises the following key stages:
Market Indicator & Macro-Factor Analysis
Our baseline thesis for the Laboratory Informatics Market is developed by integrating key market indicators and macroeconomic variables. These include:
Factors to Consider While Calculating Market Size and Share
- The overall revenue generated by the key players in the Laboratory Informatics sector.
- The volume of products/services sold in the Laboratory Informatics market.
- Geographic distribution and presence in different regions of players in the sector.
- The rate of infiltration of Laboratory Informatics services into various verticals.
- Investments and R&D spending by key companies.
- Availability, accessibility, and adoption rate of Laboratory Informatics services.
- New entrants, mergers & acquisitions, and expansion strategies affecting the competitive landscape.
Key Market Indicators
- Annual growth rate (AGR) of the market.
- Compound annual growth rate (CAGR).
- Profit margins and Revenue shares of top companies.
- Market volatility rate and risk factors.
- Key industry trends and technological advancements.
- Shift in consumption patterns and demographics.
- Regulatory and policy changes impacting the market.
Growth Trends
- Increasing demand for integration of laboratory systems for improved efficiency.
- Rising trend of laboratory automation.
- Growth in adoption of cloud-based laboratory informatics.
- Rise in spending on research and development activities.
- Increasing trend towards strategic collaborations and partnerships.
- Advent of advanced solutions like AI & Machine Learning in laboratory informatics.
- Increased funding and investment in healthcare IT infrastructure.
Secondary Research
Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Laboratory Informatics Market. Key inputs include:
- Annual reports, investor presentations, SEC filings
- Company press releases and product launch announcements
- Public executive interviews and earnings calls
- Strategy briefings and M&A updates
- Country-level industry associations and trade bodies
- Government dossiers, policy frameworks, and official releases
- Whitepapers, working papers, and public R&D initiatives
- Relevant Associations for the Laboratory Informatics Market
- Broker reports and financial analyst coverage
- Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
- Import/export trade data and tariff databases
- Sector-specific journals, magazines, and news portals
- Global macroeconomic indicators and their cascading effect on the industry
- Demand–supply outlook and value chain analysis
- Consumer behaviour, adoption rates, and commercialization trends
Primary Research
To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:
- Key Opinion Leader (KOL) Engagements
- Structured interviews with executives, product managers, and domain experts
- Paid and barter-based interviews across manufacturers, distributors, and end-users
- Discussions with stakeholders to validate demand-supply gaps
- Group discussions on emerging technologies, regulatory shifts, and adoption barriers
- Cross-verification of market sizing and forecasts with industry insiders
- Capturing business perspectives on growth opportunities and restraints
Data Triangulation & Forecasting
The final step of our research involves data triangulation ensuring accuracy through cross-verification of:
- Demand-side analysis (consumption patterns, adoption trends, customer spending)
- Supply-side analysis (production, capacity, distribution, and market availability)
- Macroeconomic & microeconomic impact factors
- Time-series analysis
- Regression and correlation studies
- Baseline modeling
- Expert validation at each stage
Outcome
The outcome is a comprehensive and validated market model that captures:
- Market sizing (historical, current, forecast)
- Growth drivers and restraints
- Opportunity mapping and investment hotspots
- Competitive positioning and strategic insights
Our Clients:
