Global Laboratory Informatics Market Analysis, 2020
By Product (Electronic Lab Notebooks (ELN), Laboratory Information Management Systems (LIMS), Chromatography Data Systems (CDS), Electronic Data Capture (EDC) & Clinical Data Manag...ement Systems (CDMS), Laboratory Execution Systems (LES), Enterprise Content Management Systems (ECM), Scientific Data Management Systems), By Component (Service, Software), By Industry (Life Sciences Industry, Chemicals Industry, Petrochemical Refineries and Oil & Gas Industry, Food and Beverage Agriculture, Environmental Testing Laboratories, Other Industries), By Deployment Model (Remotely Hosted Models, On-Premise Models, Cloud-Based Models), By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific), By Country (United States, Canada, Mexico, Brazil, Germany, Italy, United Kingdom, Spain, France, UAE, Saudi Arabia, South Africa, China, India, Japan, Australia, South Korea), By Company Read more
- Healthcare
- Jan 2020
- Pages 240
- Report Format: PDF, Excel, PPT
Growing inclination toward automation of laboratories and rising need for laboratory information management systems is leading to a rise in the demand for Laboratory Informatics in the market since recent years. With the increasing demand for biobanks/biorepositories coupled with surging need to comply with regulatory standards is leading to a growth in the demand for laboratory informatics.
| Report Coverage | Details |
| Study Period | Historical Data: 2015-19 |
| Base Year: 2019 | |
| Forecast Period: 2020-25 | |
| Regions Covered | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle East & Africa | |
| Unit Denominations | USD Million/Billion |
According to the MarkNtel Advisors’ research report titled “Global Laboratory Informatics Market Analysis, 2020”, the CAGR of the market is expected to be around 8.5% during 2020-25. Asia-Pacific is a lucrative market for the healthcare sector due to rapid modernization and escalating government spending which is expected to boost the Laboratory Informatics market growth.
Laboratory Information Management Systems Segment Held the Largest Share
LIMS is gaining traction in biobanks, academic research institutes, and contract research organizations (CROs). LIMS has certain specific advantages such as process optimization, improved regulatory compliance, reduced throughput, and reduction in errors. Moreover, the other factors responsible for the growth of the Laboratory Informatics market are the active usage of paperless technology, reduction in labor cost, and effective data analytics. The demand for LIMS is anticipated to grow during 2020-25. However, the demand for electronic lab notebooks (ELN) and enterprise content management (ECM) is escalating over the past couple of years and outpacing the LIMS market, driving the overall Laboratory Informatics market growth.
With the introduction of the advanced software solutions and their widespread adoption in healthcare, IT providers are expected to grow the on-premise software solutions. The on-premise solutions offer reduced operational cost, is cost-effective, and helps in the real-time data tracking and transferring.
North America is due to its high adoption of the new technology, high disposable income of individuals, advanced healthcare infrastructure, and the presence of some leading manufacturing companies is soaring the demand for the laboratory informatics in the market. However, Asia-Pacific is witnessing sturdy growth in recent years due to the availability of the medical opportunities and less treatment costs in countries such as India and China. Malaysia, and Singapore markets are currently at a nascent stage, but have great potential of growth.
According to the MarkNtel Advisors, the leading players are Lab Vantage Solutions, Inc., Agilent Technologies, Lablynx, Inc., Abbott Laboratories, Cerner Corporation, Thermofisher Scientific, Inc., Core Informatics, Waters, LabWare, Autoscribe Informatics and others.
Companies are forming alliances are merging to remain competitive such as the acquisition of Core Informatics by ThermoFisher Scientific to enhance the existing informatics solutions and cloud platforms. It includes electronic laboratory notebook technologies, scientific management solutions (SDMS) and laboratory information management solutions (LIMS) in 2017.
Key Questions Answered in the Market Research Report
- What are the key overall market statistics or market estimates (Market Overview, Market Size- By Revenue, Forecast Numbers, Market Segmentation, Market Shares) of Global Laboratory Informatics Market?
- What are the region-wise industry size, growth drivers and challenges key market trends?
- What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Laboratory Informatics Market?
- Who are the key competitors or market players and how they perform in Global Laboratory Informatics Market, competitive benchmarking matrix?
- What are the key results derived from the market surveys conducted during the course of the Global Laboratory Informatics Market study?
Market Outlook, Segmentation, and Statistics
- Market Size
- By Revenues (USD Million)
- Market Segmentation & Forecast
- By Product
- Electronic Lab Notebooks (ELN)
- Laboratory Information Management Systems (LIMS)
- Chromatography Data Systems (CDS)
- Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
- Laboratory Execution Systems (LES)
- Enterprise Content Management Systems (ECM)
- Scientific Data Management Systems
- By Component
- Service
- Software
- By Industry
- Pharma & Biotechnology
- Biobanks & Bio Repositories
- Molecular Diagnostics & Clinical Research Labs
- Contract Service Organizations
- Academia
- By Deployment Model
- Remotely Hosted Models
- On-Premise Models
- Cloud-Based Models
- By Region
- North America
- United states
- Canada
- Mexico
- Latin America
- Brazil
- Argentina
- Europe
- Italy
- United Kingdom
- France
- Spain
- Germany
- Middle East & Africa
- Saudi Arabia
- UAE
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- North America
- By Product
- Global Laboratory Informatics Market Policies, Regulations, Product Standards
- Global Laboratory Informatics Market Hotspot & Opportunities
- Global Laboratory Informatics Market Key Strategic Imperatives for Success & Growth
Frequently Asked Questions
Q. What would be the growth rate or CAGR Global Laboratory Informatics Market during 2020-25?
A. The market size of the Global Laboratory Informatics Market during 2020-25 is forecast to be around 8.5%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that North-America and Asia-Pacific will dominate the market with a majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in the Global Laboratory Informatics Market?
A. Lab Vantage Solutions, Inc., Agilent Technologies, Lablynx, Inc., Abbott Laboratories, Cerner Corporation, Thermofisher Scientific, Inc., Core Informatics, Waters, LabWare, Autoscribe Informatics, and few others are the leading players in the Global Laboratory Informatics Market.
Frequently Asked Questions
1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global Laboratory Informatics Market Analysis, 2015-2025F
4.1. Market Size & Analysis
4.1.1. Market Revenue
4.2. Market Share & Analysis
4.2.1. By Product
4.2.1.1. Electronic Lab Notebooks (ELN)
4.2.1.2. Laboratory Information Management Systems (LIMS)
4.2.1.3. Chromatography Data Systems (CDS)
4.2.1.4. Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
4.2.1.5. Laboratory Execution Systems (LES)
4.2.1.6. Enterprise Content Management Systems (ECM)
4.2.1.7. Scientific Data Management Systems
4.2.2. By Component
4.2.2.1. Service
4.2.2.2. Software
4.2.3. By Industry
4.2.3.1. Pharma & Biotechnology
4.2.3.2. Biobanks & Bio Repositories
4.2.3.3. Molecular Diagnostics & Clinical Research Labs
4.2.3.4. Contract Service Organizations
4.2.3.5. Academia
4.2.4. By Deployment Model
4.2.4.1. Remotely Hosted Models
4.2.4.2. On-Premise Models
4.2.4.3. Cloud-Based Models
4.2.5. By Region
4.2.5.1. North America
4.2.5.2. Latin America
4.2.5.3. Europe
4.2.5.4. Middle East
4.2.5.5. Africa
4.2.5.6. Asia-Pacific
4.2.6. By Company
4.2.6.1. Revenue Shares
4.2.6.2. Strategic Factorial Indexing
4.2.6.3. Competitor Placement in MarkNtel Quadrant
5. North America Laboratory Informatics Market Analysis, 2015-2025F
5.1. Market Size & Analysis
5.1.1. Market Revenue
5.2. Market Share & Analysis
5.2.1. By Product
5.2.2. By Component
5.2.3. By Industry
5.2.4. By Deployment Model
5.2.5. By Country
5.2.5.1. United States
5.2.5.2. Canada
5.2.5.3. Mexico
5.3. United States Laboratory Informatics Market Analysis, 2015-2025F
5.3.1. Market Size & Analysis
5.3.1.1. Market Revenue
5.3.2. Market Share & Analysis
5.3.2.1. By Product
5.3.2.2. By Component
5.3.2.3. By Industry
5.3.2.4. By Deployment Model
5.4. Canada Laboratory Informatics Market Analysis, 2015-2025F
5.4.1. Market Size & Analysis
5.4.1.1. Market Revenue
5.4.2. Market Share & Analysis
5.4.2.1. By Product
5.4.2.2. By Component
5.4.2.3. By Industry
5.4.2.4. By Deployment Model
5.5. Mexico Laboratory Informatics Market Analysis, 2015-2025F
5.5.1. Market Size & Analysis
5.5.1.1. Market Revenue
5.5.2. Market Share & Analysis
5.5.2.1. By Product
5.5.2.2. By Component
5.5.2.3. By Industry
5.5.2.4. By Deployment Model
6. South America Laboratory Informatics Market Analysis, 2015-2025F
6.1. Market Size & Analysis
6.1.1. Market Revenue
6.2. Market Share & Analysis
6.2.1. By Product
6.2.2. By Component
6.2.3. By Industry
6.2.4. By Deployment Model
6.2.5. By Country
6.2.5.1. Brazil
6.2.5.2. Others
6.3. Brazil Laboratory Informatics Market Analysis, 2015-2025F
6.3.1. Market Size & Analysis
6.3.1.1. Market Revenue
6.3.2. Market Share & Analysis
6.3.2.1. By Product
6.3.2.2. By Component
6.3.2.3. By Industry
6.3.2.4. By Deployment Model
7. Europe Laboratory Informatics Market Analysis, 2015-2025F
7.1. Market Size & Analysis
7.1.1. Market Revenue
7.2. Market Share & Analysis
7.2.1. By Product
7.2.2. By Component
7.2.3. By Industry
7.2.4. By Deployment Model
7.2.5. By Country
7.2.5.1. France
7.2.5.2. Germany
7.2.5.3. Italy
7.2.5.4. United Kingdom
7.2.5.5. Spain
7.2.5.6. Others
7.3. France Laboratory Informatics Market Analysis, 2015-2025F
7.3.1. Market Size & Analysis
7.3.1.1. Market Revenue
7.3.2. Market Share & Analysis
7.3.2.1. By Product
7.3.2.2. By Component
7.3.2.3. By Industry
7.3.2.4. By Deployment Model
7.4. Germany Laboratory Informatics Market Analysis, 2015-2025F
7.4.1. Market Size & Analysis
7.4.1.1. Market Revenue
7.4.2. Market Share & Analysis
7.4.2.1. By Product
7.4.2.2. By Component
7.4.2.3. By Industry
7.4.2.4. By Deployment Model
7.5. Italy Laboratory Informatics Market Analysis, 2015-2025F
7.5.1. Market Size & Analysis
7.5.1.1. Market Revenue
7.5.2. Market Share & Analysis
7.5.2.1. By Product
7.5.2.2. By Component
7.5.2.3. By Industry
7.5.2.4. By Deployment Model
7.6. United Kingdom Laboratory Informatics Market Analysis, 2015-2025F
7.6.1. Market Size & Analysis
7.6.1.1. Market Revenue
7.6.2. Market Share & Analysis
7.6.2.1. By Product
7.6.2.2. By Component
7.6.2.3. By Industry
7.6.2.4. By Deployment Model
7.7. Spain Laboratory Informatics Market Analysis, 2015-2025F
7.7.1. Market Size & Analysis
7.7.1.1. Market Revenue
7.7.2. Market Share & Analysis
7.7.2.1. By Product
7.7.2.2. By Component
7.7.2.3. By Industry
7.7.2.4. By Deployment Model
8. Middle East & Africa Laboratory Informatics Market Analysis, 2015-2025F
8.1. Market Size & Analysis
8.1.1. Market Revenue
8.2. Market Share & Analysis
8.2.1. By Product
8.2.2. By Component
8.2.3. By Industry
8.2.4. By Deployment Model
8.2.5. By Country
8.2.5.1. UAE
8.2.5.2. Saudi Arabia
8.2.5.3. South Africa
8.2.5.4. Others
8.3. UAE Laboratory Informatics Market Analysis, 2015-2025F
8.3.1. Market Size & Analysis
8.3.1.1. Market Revenue
8.3.2. Market Share & Analysis
8.3.2.1. By Product
8.3.2.2. By Component
8.3.2.3. By Industry
8.3.2.4. By Deployment Model
8.4. Saudi Arabia Laboratory Informatics Market Analysis, 2015-2025F
8.4.1. Market Size & Analysis
8.4.1.1. Market Revenue
8.4.2. Market Share & Analysis
8.4.2.1. By Product
8.4.2.2. By Component
8.4.2.3. By Industry
8.4.2.4. By Deployment Model
8.5. South Africa Laboratory Informatics Market Analysis, 2015-2025F
8.5.1. Market Size & Analysis
8.5.1.1. Market Revenue
8.5.2. Market Share & Analysis
8.5.2.1. By Product
8.5.2.2. By Component
8.5.2.3. By Industry
8.5.2.4. By Deployment Model
9. Asia-Pacific Laboratory Informatics Market Analysis, 2015-2025F
9.1. Market Size & Analysis
9.1.1. Market Revenue
9.2. Market Share & Analysis
9.2.1. By Product
9.2.2. By Component
9.2.3. By Industry
9.2.4. By Deployment Model
9.2.5. By Country
9.2.5.1. China
9.2.5.2. India
9.2.5.3. Japan
9.2.5.4. Australia
9.2.5.5. South Korea
9.2.5.6. Others
9.3. China Laboratory Informatics Market Analysis, 2015-2025F
9.3.1. Market Size & Analysis
9.3.1.1. Market Revenue
9.3.2. Market Share & Analysis
9.3.2.1. By Product
9.3.2.2. By Component
9.3.2.3. By Industry
9.3.2.4. By Deployment Model
9.4. India Laboratory Informatics Market Analysis, 2015-2025F
9.4.1. Market Size & Analysis
9.4.1.1. Market Revenue
9.4.2. Market Share & Analysis
9.4.2.1. By Product
9.4.2.2. By Component
9.4.2.3. By Industry
9.4.2.4. By Deployment Model
9.5. Japan Laboratory Informatics Market Analysis, 2015-2025F
9.5.1. Market Size & Analysis
9.5.1.1. Market Revenue
9.5.2. Market Share & Analysis
9.5.2.1. By Product
9.5.2.2. By Component
9.5.2.3. By Industry
9.5.2.4. By Deployment Model
9.6. Australia Laboratory Informatics Market Analysis, 2015-2025F
9.6.1. Market Size & Analysis
9.6.1.1. Market Revenue
9.6.2. Market Share & Analysis
9.6.2.1. By Product
9.6.2.2. By Component
9.6.2.3. By Industry
9.6.2.4. By Deployment Model
9.7. South Korea Laboratory Informatics Market Analysis, 2015-2025F
9.7.1. Market Size & Analysis
9.7.1.1. Market Revenue
9.7.2. Market Share & Analysis
9.7.2.1. By Product
9.7.2.2. By Component
9.7.2.3. By Industry
9.7.2.4. By Deployment Model
10. Global Laboratory Informatics Market Policies, Regulations, Product Standards
11. Global Laboratory Informatics Market Trends & Insights
12. Global Laboratory Informatics Market Dynamics
12.1.Growth Drivers
12.2.Challenges
12.3.Impact Analysis
13. Global Laboratory Informatics Market Hotspot & Opportunities
14. Global Laboratory Informatics Market Key Strategic Imperatives for Success & Growth
15. Global Competition Outlook
15.1. Competition Matrix
15.1.1. Product Portfolio
15.1.2. Brand Specialization
15.1.3. Target Markets
15.1.4. Target Industry’s
15.1.5. Research & Development
15.1.6. Strategic Alliances
15.1.7. Strategic Initiatives
15.2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
15.2.1. Lab vantage Solutions, Inc.
15.2.2. Agilent Technologies
15.2.3. Lablynx, Inc.
15.2.4. Abbott Laboratories
15.2.5. Cerner Corporation
15.2.6. Thermofisher Scientific, Inc.
15.2.7. Core Informatics
15.2.8. Waters
15.2.9. LabWare
15.2.10. Autoscribe Informatics
16. Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making
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