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 Management 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
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.
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
By Revenues (USD Million)
Market Segmentation & Forecast
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
Pharma & Biotechnology
Biobanks & Bio Repositories
Molecular Diagnostics & Clinical Research Labs
Contract Service Organizations
By Deployment Model
Remotely Hosted Models
Middle East & Africa
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.
Q. Does the report scope cover country-wise market statistics also?
A. Yes, the scope of the report encompasses detailed country statistics such as market size, market segmentation based on various subcategories.
1.1. Product Definition
1.2. Research Process
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
184.108.40.206. Electronic Lab Notebooks (ELN)
220.127.116.11. Laboratory Information Management Systems (LIMS)
18.104.22.168. Chromatography Data Systems (CDS)
22.214.171.124. Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
126.96.36.199. Laboratory Execution Systems (LES)
188.8.131.52. Enterprise Content Management Systems (ECM)
184.108.40.206. Scientific Data Management Systems
4.2.2. By Component
4.2.3. By Industry
220.127.116.11. Pharma & Biotechnology
18.104.22.168. Biobanks & Bio Repositories
22.214.171.124. Molecular Diagnostics & Clinical Research Labs
126.96.36.199. Contract Service Organizations
4.2.4. By Deployment Model
188.8.131.52. Remotely Hosted Models
184.108.40.206. On-Premise Models
220.127.116.11. Cloud-Based Models
4.2.5. By Region
18.104.22.168. North America
22.214.171.124. Latin America
126.96.36.199. Middle East
4.2.6. By Company
188.8.131.52. Revenue Shares
184.108.40.206. Strategic Factorial Indexing
220.127.116.11. 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
18.104.22.168. United States
5.3. United States Laboratory Informatics Market Analysis, 2015-2025F