The global Laboratory Informatics market is expected to reach $XX billion by 2023 from $XX billion in 2017 growing at a CAGR of XX%. Laboratory informatics is defined as the specialized application of information technology to optimize and extend laboratory operations through a platform of instruments, software, and data management tools. It encompasses data acquisition, lab automation, instrument interfacing, laboratory networking, data processing, specialized data management systems (such as chromatography data systems), laboratory information management systems, scientific data management (including data mining and data warehousing), and knowledge management (including the use of electronic laboratory notebooks). The market is expected to show significant growth during the given forecast period owing to the rising application of the laboratory informatics with the technological advancements in molecular genomics and genetic testing practices. High accuracy and efficiency of the results provided by the use laboratory informatics will also boost the market for laboratory informatics during the given forecast period. However, lack of integration standards for laboratory informatics coupled with the lack of skilled professionals will hamper the growth of the market during the given time frame.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical region. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global Laboratory Informatics market value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global Laboratory Informatics market.
Major industry players profiled as part of the report are PerkinElmer Inc., Genologics and Abbott among others.
Segmentation
By Type
Laboratory Information Management Systems (LIMS)
Electronic Lab Notebooks (ELN)
Chromatography Data Systems (CDS)
Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
Laboratory Execution Systems (LES)
Enterprise Content Management (ECM)
Scientific Data Management Systems (SDMS)
By Components
Services
Software
By Deployment Model
On Premise
Cloud Based
By End User
Life Sciences
CROs
Chemical Industries
Others
By Geography
North America
United States
Canada
Others
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
India
Australia
South Korea
Others
Key questions answered by the report
What will be the global Laboratory Informatics market size from 2018 to 2023?
How are the major drivers and restraints affecting the global Laboratory Informatics market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth
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