Global Laboratory Informatics Market
Laboratory Informatics Market was valued at USD 2.17 billion in 2016 and is projected to reach USD 3.70 billion by 2025, growing at a CAGR of 6.1% from 2016 to 2025.
Laboratory informatics is the specialized application of information technology aimed at optimizing and extending laboratory operations. It encompasses data acquisition, instrument interfacing, laboratory networking, data processing, specialized data management systems, a laboratory information management system, scientific data management, and knowledge management. It has become more prevalent with the rise of other ""informatics"" disciplines such as bioinformatics, cheminformatics and health informatics. Several graduate programs are focused on some form of laboratory informatics, often with a clinical emphasis.
1. Market Drivers
1.1 Drive to Increase automated Lab systems
1.2 To meet Regulatory Demands
1.3 Growing investments in Biobanks and Biorepositories
1.4 Accumulation and generation of Big Data
1.5 Increased Awareness regarding IT facilities
2. Market Restraints
2.1 Lack of IT professionals
2.2 Lack of Integration Standards
Laboratory Informatics Marketis segmented on the basis of:
1. By Type of solution:
1.1Laboratory Information Management Systems (LIMS)
1.2 Electronic Lab Notebooks (ELN)
1.3 Chromatography Data Systems (CDS)
1.4 Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
1.5 Laboratory Execution Systems (LES)
1.6 Enterprise Content Management (ECM)
1.7 Scientific Data Management Systems (SDMS)
2. by Deployment Model:
2.1 On-Premise Model
2.2 Cloud-Based Model
2.3 Remotely Hosted
3. By Component:
4. By Industry:
4.1 Life Science Industry
4.1.1 Pharmaceutical and Biotechnology Companies
4.1.2 Biobanks & Biorepositories
4.1.3 Molecular Diagnostics & Clinical Research Laboratories
4.1.4 Contract Service Organizations(CROS & CMOS)
4.1.5 Academic Research Institutes
4.2 Chemical Industry
4.3 Food & Beverage and Agriculture Industries
4.4 Petrochemical Refineries and Oil & Gas Industry
4.5 Environmental Testing Laboratories
4.6 Other Industries
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, Japan, India, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5Rest of the World
The major players in the market are as follows:
1. Cerner Corporation
2. Thermo Fisher Scientific Inc.
3. Labvantage Solutions, Inc.
5. Abbott Informatics (A Subsidiary of Abbott Laboratories)
6. Waters Corporation
7. Agilent Technologies
9. Lablynx, Inc.
10. Perkinelmer Inc.
11. Autoscribe Informatics (A Wholly Owned Subsidiary of Autoscribe Limited)
15. Ruro, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Laboratory Informatics Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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