Frost Radar™: Lab Automation and Monitoring Solutions, 2024

Frost Radar™: Lab Automation and Monitoring Solutions, 2024

A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines
This Frost Radar™ benchmarks companies offering lab automation and monitoring solutions for diagnostics labs: hospital and independent labs including multi-chain organized, unorganized, and university labs.

Lab automation solutions cover aspects of operations such as pre-pre-analytical, pre-analytical, and post-analytical workflows, whereas lab monitoring solutions cover an entire facility.

While automation systems integrate robotics, instruments, and software to streamline workflows, monitoring systems incorporate sensors, environmental monitoring, facility (asset) monitoring, compliance monitoring, and other solutions to enhance the performance and stability of the workflow and maintenance. In conjunction with the internet of things, these solutions may enable artificial intelligence/machine learning algorithms to identify trends that may otherwise go unnoticed.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.