The global laboratory
informatics market was valued at USD 2.15 billion in 2015 and is
expected to reach a value of USD 3.83 billion by 2025. Increasing requirement
for life sciences companies to comply with regulatory demands has further
promoted the incorporation of laboratory information management systems (LIMS)
as it helps professionals understand and fulfill the complex regulatory
obligations. Furthermore, demand for cost-efficient workflow management systems
is anticipated to drive the growth over the forecast period.
Rising adoption of LIMS solutions by biobanks coupled
with the increasing demand for integrated healthcare solutions is the key
contributing factor for the growth of the laboratory informatics market over
the forecast period. In addition, growing awareness levels amongst the end-use
segments and technological evolution of LIMS solutions are anticipated to fuel
the growth in the coming years.
Browse full research report on Laboratory Informatics Market: https://www.grandviewresearch.com/industry-analysis/laboratory-informatics-market
Further
key findings from the report suggest:
- LIMS dominated the overall laboratory informatics market on the
basis of technology in 2015 owing to the associated benefits such as data
tracking and management with fewer errors. Moreover, demand for fully
integrated LIMS platforms is growing in accordance with the requirements
of life sciences and research industries to reduce the incidence of errors
in data management and qualitative analysis of research information. The
above-mentioned factors are expected to drive the segment growth.
- On the other hand, demand for upgraded laboratory informatics
technologies such as electronic lab notebook and Enterprise Content
Management (ECM) solutions amongst research professionals and industry
players, respectively, is expected to increase over the forecast period.
Associated benefits of ECM, such as database management of large
unstructured or structured medical information and supportive government
initiatives, are expected to contribute to its lucrative growth over the
forecast period.
- Cloud-based services are anticipated to show lucrative CAGR over
the forecast period due to its growing acceptance by industry
participants. The introduction of technologically advanced software
solutions and their widespread adoption by the healthcare IT providers are
expected to impede the growth of the on-premise segment over the forecast
period. Furthermore, advantages associated with its usage, including
remote access to information, reduced operational cost, and real-time data
tracking, are contributing toward their rising demand.
- North America dominated the market as of 2015, which is
attributable to supportive government initiatives promoting the adoption
of LIMS. On the other hand, the Asia Pacific market is likely to exhibit
profitable growth due to increasing R&D expenditure deployed by the
public and private sectors coupled with increasing awareness levels
pertaining to LIMS
- The key players serving laboratory informatics market areThermo
Fisher Scientific, Inc., Core Informatics, LabWare, Cerner Corporation,
PerkinElmer, Inc., LabVantage Solutions, Inc., LabLynx, Inc., Agilent
Technologies, ID Business Solutions Ltd., McKesson Corporation, Waters
Corporation, and Abbott Informatics.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/healthcare-it
Grand
View Research has segmented the laboratory informatics market by product,
delivery mode, component, end-use and region:
Product
Outlook (Revenue, USD Million, 2014 - 2025)
- LIMS
- ELN
- SDMS
- LES
- EDS &
CDMS
- CDS
- ECM
Delivery
Mode Outlook (Revenue, USD Million, 2014 - 2025)
- On-Premise
- Web-hosted
- Cloud-based
Component
Outlook (Revenue, USD Million, 2014 - 2025)
- Software
- Services
End-use
Outlook (Revenue, USD Million, 2014 - 2025)
- Life Science
Companies
- CROs
- Chemical
industry
- Food &
Beverage and Agriculture Industries
- Petrochemical
Refineries and Oil &d Gas Industry
- Others
Regional
Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- Japan
- China
- India
- Latin America
- Brazil
- Mexico
- Middle East
and Africa
- South Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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