Laboratory Informatics Market Outlook 2023: Global Opportunity & Growth Analysis

June 11, 2018 | Author: | Posted in Health, Health-Fitness, Marketing

Industry Outlook and Trend Analysis:
The Laboratory Informatics Market was worth USD 1.97 billion in 2014 and is expected to reach approximately USD 3.51 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.63% during the forecast period.

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Rising demand for laboratory automation is anticipated to boost the adoption in coming years. Information produced by labs has drastically ascended in recent decades attributable to rising innovative progressions in molecular genomics and genetic testing practices. Additionally, the switch of inclination toward personalized prescription, cancer genomics studies, and expanding requirement of patient engagement is anticipated to upsurge the interest for lab automation systems.

Regional Outlook and Trend Analysis:
North America local market represented the biggest income share in 2016. The significant factors adding to the development of this district are the approaches supporting the sending of laboratory information systems and accessibility of foundation with high computerized proficiency. Also, the prospering healthcare cost combined with the heightening pressure to bend the cost curve brought about expanded appropriation of LIMS in this district.

Product Outlook and Trend Analysis:
Laboratory Information Management Systems (LIMS) captured the prevailing share in 2016. These systems incorporate reporting of sample lifecycle, system & security administration, inventory, storage capacity & logistics, master data management, schedules, instruments and analytical workflow. The demand for completely coordinated services in life sciences and research sectors to reduce data management errors and qualitative analysis of research data is anticipated to boost the fragment development in coming years.

Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Market Analysis by Regions
4.1.North America (United States, Canada and Mexico)
4.1.1.United States Market States and Outlook (2014-2023)
4.1.2.Canada Market States and Outlook (2014-2023)
4.1.3.Mexico Market States and Outlook (2014-2023)
4.2.Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1.Germany Market States and Outlook (2014-2023)
4.2.2.France Market States and Outlook (2014-2023)
4.2.3.UK Market States and Outlook (2014-2023)
4.2.4.Russia Market States and Outlook (2014-2023)
4.2.5.Italy Market States and Outlook (2014-2023)
4.2.6.Rest of Europe Market States and Outlook (2014-2023)
4.3.Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1.China Market States and Outlook (2014-2023)
4.3.2.Japan Market States and Outlook (2014-2023)
4.3.3.Korea Market States and Outlook (2014-2023)
4.3.4.India Market States and Outlook (2014-2023)
4.3.5.Rest of Asia-Pacific Market States and Outlook (2014-2023)
4.4.South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1.Brazil Market States and Outlook (2014-2023)
4.4.2.Argentina Market States and Outlook (2014-2023)
4.4.3.Columbia Market States and Outlook (2014-2023)
4.4.4.Rest of South America Market States and Outlook (2014-2023)
4.5.Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1.Saudi Arabia Market States and Outlook (2014-2023)
4.5.2.UAE Market States and Outlook (2014-2023)
4.5.3.Egypt Market States and Outlook (2014-2023)
4.5.4.Nigeria Market States and Outlook (2014-2023)
4.5.5.South Africa Market States and Outlook (2014-2023)
4.5.6.Rest of MEA Market States and Outlook (2014-2023)
To be Continued…

Delivery Mode Outlook and Trend Analysis:
Cloud-based lab informatics solutions represented the biggest income share and are foreseen to keep up its predominance all through the figure time frame. Cloud-based technology helps in putting away a lot of information remotely to permit free space on devices and encourage information recovery as per customer needs. The technology contains three administrations including Software as a Service (SaaS), Platform as a Service (PaaS), and Platform as a Service (PaaS).

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Component Outlook and Trend Analysis:
Services section enrolled the biggest income share in 2015 and is expected to keep up its position. Rise in outsourcing of LIMS solutions is contributing toward its development. As expansive pharmaceutical research labs need assets and skill set required for organization of investigation, these administrations are outsourced by them. Software section is anticipated to reflect lucrative development because of the accessibility of mechanically advanced programming, for example, SaaS, which offers compelling data administration answers for labs.

The Laboratory Informatics Market is segmented as follows-

By Product:
Electronic Lab Notebooks (ELN)
Laboratory Execution Systems (LES)
Chromatography Data Systems (CDS)
Laboratory Information Management Systems (LIMS)
Scientific Data Management Systems (SDMS)
Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
Enterprise Content Management (ECM)

By Delivery Mode:
Web-hosted
On-premise
Cloud-based

Competitive insights:
The leading players in the market are Labvantage, LabWare, Waters Corporation, PerkinElmer, Agilent Technologies, McKesson Corporation, Abbott, LabLynx, Core Informatics and Thermo Fisher Scientific. The market is exceptionally divided with numerous market players.

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