DBMR has added a new report titled Global Laboratory Informatics Market with analysis provides the insights which bring marketplace clearly into the focus and thus help organizations make better decisions. In this credible report, a study about market overview is performed by considering market drivers, market restraints, opportunities and challenges. Moreover, this report contains significant data, current market trends, market environment, technological innovation, upcoming technologies and the technical progress in the allied industry. This is the most relatable, exclusive, and commendable market research report formulated by focusing on definite business needs. The competitive analysis conducted in this report covers strategic profiling of key market players, their core competencies, and competitive landscape. To gain meaningful market insights and thrive in this competitive market place, this Global Laboratory Informatics Market research report plays a key role.
Global Laboratory Informatics Market is expected to rise from its initial estimated value of USD 3.26 billion to an estimated value of USD 5.52 billion by 2026, registering a CAGR of 6.8% in the forecast period of 2019-2026. This rise in market value can be attributed to the development of integrated lab informatics.
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Key Market Competitors:
Few of the major competitors currently working in the f laboratory informatics market are Thermo Fisher Scientific, Inc., LabWare, LabVantage Solutions, Inc., Abbott Laboratories., Waters, Agilent Technologies, Inc., IDBS, PerkinElmer Inc, Autoscribe Informatics, Arxspan LLC, Dassault Systèmes, RURO Inc., Kinematik, LabLynx, Inc., and LABWORKS, Cerner Corporation, McKesson Corporation (US), Thermo Fisher Scientific Inc.(US), Scientific Repair (US) and Bargal Analytical Instruments( Israel).
Competitive Analysis:
Global laboratory informatics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of laboratory informatics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Definition: Global Laboratory Informatics Market
Laboratory informatics is application of information which 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.
Increasing in adoption of laboratory information management systems (LIMS) this helps hospital-based labs to reduce incidence of diagnostic errors and manage high data volumes the adoption of laboratory informatics in the U.S. This significant change expected act as a driver to the market growth.
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Market Drivers
- There is rise in need for laboratory automation this is working as market driver.
- There is an increase in demand of biobanks/biorepositories and academic research institutes this is working as market driver.
Market Restraints
- Lack of integration standards is expected to act as a restraint to the market growth.
- There is lack of trained professionals in laboratory information which is expected to act as a restraint to the market growth.
Segmentation: Global Laboratory Informatics Market
- By Product Type
- Laboratory Information Management Systems (LIMS)
- Electronic Lab Notebooks (ELN)
- Scientific Data Management Systems (SDMS)
- Laboratory Execution Systems (LES)
- Clinical Data Management Systems (CDMS)
- Chromatography Data Systems (CDS)
- By Deployment
- On-Premise
- Cloud-Based
- Remotely Hosted
- By Component
- By Industry
- Life Science
- Pharmaceutical
- Biotechnology
- Bio Banking
- Contract Service Organizations (CRO)
- Petrochemical
- Chemicals
- Food & Beverages
- Environmental Testing
- Forensics
- Life Science
Key Developments in the Market:
- In December 2018, Thermo Fisher Scientific Inc. announced that Thermo Fisher’s acquired Gatan, Inc. as a wholly owned subsidiary of Roper. Both parties continue to work cooperatively with the CMA through the review process
- In October 2018 Abbott Informatics announced that launched of STARLIMS Solution which serves the life sciences industry. Abbott Informatics (AI) provides leading Laboratory Information Management Systems (LIMS) solutions that have served customers around the world for more than 30 years. This will expand Abbott Portfolio.
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Reasons to Purchase this Report
- Current and future of global laboratory informatics market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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