Global Laboratory Informatics Market, By Product (Laboratory Information Management Systems (LIMS), Electronic Lab Notebooks (ELN), Scientific Data Management Systems (SDMS), Laboratory Execution Systems (LES), Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS), Chromatography Data Systems (CDS), Enterprise Content Management (ECM)), Delivery Mode (On-Premise, Web-Hosted, Cloud-Based), Component (Software, Services), End-Use (Life Sciences, CROs, Chemical Industry, Food and Beverage and Agriculture Industries, Environmental Testing Laboratories, Petrochemical Refineries & Oil and Gas Industry, Other Industries), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
The laboratory informatics market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 6.75% in the above-mentioned forecast period. Increasing need for laboratory automation drives the laboratory informatics market.
Laboratory informatics is defined as the application of information that are related to platform of instruments, software, and data management tools that allow scientific data to be captured, processed, and interpreted for immediate use, as well as stored, managed, and shared to support for future research and development.
Rising development of integrated lab informatics solutions is the vital factor escalating the market growth, also increasing need to comply with regulatory requirements, rising demand in biobanks/biorepositories, academic research institutes, and cros, increase in the need for laboratory automation, rising rapid technological advancements in various molecular genomics and hereditary testing practices, increasing shifting customer inclination towards cancer genomics studies and rising patient engagement requirements are the major factors among others driving the laboratory informatics market. Moreover, growing popularity of cloud-based laboratory informatics, rising significant growth potential in emerging countries and rising use of lab informatics solutions in the cannabis industry will further create new opportunities for laboratory informatics market in the forecasted period of 2021-2028.
However, rising lack of integration standards and high maintenance and service costs are the major factors among others which will obstruct the market growth, while rising interfacing with diverse laboratory instruments and increasing dearth of trained professionals will further challenge the growth of laboratory informatics market in the forecast period mentioned above.
The laboratory informatics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the laboratory informatics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Laboratory Informatics Market Scope and Market Size
The laboratory informatics market is segmented on the basis of product, delivery mode, component and end-use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the laboratory informatics market is segmented into laboratory information management systems (LIMS), electronic lab notebooks (ELN), scientific data management systems (SDMS), laboratory execution systems (LES), electronic data capture (EDC) & clinical data management systems (CDMS), chromatography data systems (CDS) and enterprise content management (ECM).
- Based on delivery mode, the laboratory informatics market is segmented into on-premise, web-hosted and cloud-based.
- Based on component, the laboratory informatics market is segmented into software and services.
- The laboratory informatics market is also segmented on the basis of end-use into life sciences, CROs, chemical industry, food and beverage and agriculture industries, environmental testing laboratories, petrochemical refineries & oil and gas industry and other industries.
Laboratory Informatics Market Country Level Analysis
The laboratory informatics market is analysed and market size insights and trends are provided by country, product, delivery mode, component and end-use as referenced above.
The countries covered in the laboratory informatics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the laboratory informatics market due to rising presence of well-established pharma companies, combined with growing requirement to contain operational costs incurred in information management and analysis, rising burgeoning healthcare costs, coupled with the escalating pressure to bend the cost curve in this region. Asia-Pacific is the expected region in terms of growth in laboratory informatics market due to rising adoption of electronic record systems to allow data sharing across the national healthcare system in this region.
The country section of the laboratory informatics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The laboratory informatics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for laboratory informatics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the laboratory informatics market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Laboratory Informatics Market Share Analysis
The laboratory informatics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to laboratory informatics market.
The major players covered in the laboratory informatics market report are Thermo Fisher Scientific, Inc., LabWare, LabVantage Solutions, Inc., Abbott, Waters, Agilent Technologies, Inc, IDBS, PerkinElmer Inc., Autoscribe Informatics, Arxspan LLC, Dassault Systèmes, RURO Inc., Kinematik, LabLynx, Inc, LABWORKS, Cerner Corporation, McKesson Corporation, Scientific Equipment Repair and Bargal Analytical Instruments among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Laboratory Informatics Market
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