Laboratory Informatics Market Size 2021 Expected to initially US$ 3.26 billion to an estimated value of US$ 5.52 billion by Forecast Period 2026 to 2027 at a 6.8% CAGR
“Laboratory Informatics Market report – Industry Trends and Forecast to 2027“focuses on the major drivers and limitations for the competitive landscape. These research report also provides Comprehensive analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. The Laboratory Informatics market research report is a professional and in-depth study on the current state of Laboratory Informatics Industry. Report Carrying 350 pages, 60 Figures, 220 Tables and infographics. Laboratory Informatics report includes both qualitative and quantitative aspects of the industry in each region and country in the market research study. The report also provides detailed information on important aspects such as drivers and constraints that define the future growth of the market.
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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Laboratory Informatics Market Scenario
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.
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.
- 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.
- 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.
The Following Manufacturers Are Covered In This Report:
- Thermo Fisher Scientific, Inc. (US)
- LabWare (US)
- LabVantage Solutions, Inc. (US)
- Abbott Laboratories. (US)
- Waters (US)
- Agilent Technologies, Inc. (US)
- IDBS (UK)
- PerkinElmer Inc. (US)
- Autoscribe Informatics (UK)
- Arxspan LLC (US)
- Dassault Systèmes (France)
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Global Laboratory Informatics Market Segmented By:
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)), Deployment (On-Premise, Cloud-Based, Remotely Hosted), Component (Software, Services), Industry (Life Science (Pharmaceutical, Biotechnology, Bio Banking, Contract Service Organizations (CRO), Clinical Research Labs, Academic Research Institutes), Petrochemical, Chemicals, Food & Beverages, Environmental Testing, Forensics, Others)
Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.
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Global Laboratory Informatics Market report has the best research offerings and the required critical information for looking new product trends or competitive analysis of an existing or emerging market. Companies can sharpen their competitive edge again and again with this business report. The report comprises of expert insights on global industries, products, company profiles, and market trends. Users can gain unlimited, company-wide access to a comprehensive catalog of industry-specific market research from this industry analysis report. The worldwide market report examines industries at a much higher level than an industry study.
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The Laboratory Informatics market report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
Market Dynamics Of Laboratory Informatics Market
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.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.
Market Drivers Of Laboratory Informatics Market
- 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 Of Laboratory Informatics Market
- 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.
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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Research Objectives Of Laboratory Informatics Market Report:
- Competitive landscape of the Laboratory Informatics Market
- Revenue generated by each segment of the market by 2027
- Factors expected to drive and create new opportunities in the Laboratory Informatics Market
- Region that would create lucrative business opportunities during the forecast period.
- Top impacting factors of the Laboratory Informatics
- Which prime data figures are included in the Market report?
- Market size (Last few years, current and expected)
- Market share (Analysis as per different companies)
- Market forecast period
- Market Contributions (Size, Share as per regional boundaries)
- What are the crucial aspects incorporated in the Laboratory Informatics Market report?
- Industry Value Chain
- Consumption Data
- Market Size Expansion
- Key Economic Indicators
Competitive Landscape and Laboratory Informatics Market Share 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.
Key Market Competitors:
Few of the major competitors currently working in the f laboratory informatics market are Thermo Fisher Scientific, Inc. (US), LabWare (US), LabVantage Solutions, Inc. (US), Abbott Laboratories. (US), Waters (US), Agilent Technologies, Inc. (US), IDBS (UK), PerkinElmer Inc. (US), Autoscribe Informatics (UK), Arxspan LLC (US), Dassault Systèmes (France), RURO Inc. (US), Kinematik (Ireland), LabLynx, Inc. (US), and LABWORKS (US) Cerner Corporation (US), McKesson Corporation (US), Thermo Fisher Scientific Inc.(US), Scientific Repair (US) and Bargal Analytical Instruments( Israel).
Global Laboratory Informatics Market: Regional Analysis
The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2021 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil etc.)
- Middle East and Africa (Egypt and GCC Countries)
How will this Market Analysis Report Benefits You?
- The report offers statistical data in terms of value (US$) as well as Volume (units) till 2027.
- Exclusive insight into the key trends affecting the Laboratory Informatics industry, although key threats, opportunities and disruptive technologies , company overview, revenue shares, strategic overview of Market supply and demand.
- The report tracks the leading market players that will shape and impact the Market.
- The data analysis present in the report is based on the combination of both historical as well as current growth parameters resources.
- The report helps you to understand the real effects of key market drivers or restrainers on business.
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