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.
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summary of this report @ http://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.
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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
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
Middle East and Africa
o
South Africa
For press release of this report - http://www.grandviewresearch.com/press-release/global-laboratory-informatics-market
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