Pune, India -- (SBWire) -- 11/02/2018 --Laboratory Informatics Market Research Report  

The Laboratory Informatics market report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers/players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

The laboratory informatics market is estimated to represent a global market of USD 1.98 billion by 2016 with a growth rate of 5.3%. Laboratory informatics is defined as the specialized application of information technology modules that aimed at extending and optimizing laboratory operations. Factors such as increasing demand for lab automation, rising pressure to comply with regulatory requirements, technological advancements and growing awareness level among end-users supported the market growth.

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Furthermore, wide adoption by biobanks/biorepositories, academic research institutes, and contract service organizations coupled with decreasing cost of laboratory informatics solutions drive the market demand further. However, lack of trained professionals (particularly in developing regions) coupled with lack of integration standards for laboratory informatics hampers the market growth.

Worldwide laboratory informatics market is categorized as Electronic Lab Notebooks (ELN), Laboratory Information Management Systems (LIMS), Enterprise Content Management (ECM), Scientific Data Management Systems (SDMS), Laboratory Execution Systems (LES) and others.

Among which, Laboratory Information Management Systems (LIMS) is accounted for the largest share of the global market. In 2016, this segment captured USD 845.9 million and is expected to dominate the market over the forecast period. LIMS includes management of master data, security & system administration, sample lifecycle reporting, instruments, inventory, storage & logistics, and analytical workflow. Demand for LIMS among researcher is increasing at constant rate as it enable to reduce the incidence of errors in data management and qualitative analysis of research information effectively.

In terms of delivery mode, the market is segmented into Web hosted, On Premise, and Cloud based laboratory informatics system. End user segment is categorized as Life Sciences, Clinical Research Organizations (CROs), Standalone and Integrated Laboratories, Pharmaceutical companies and others. Life Science end use captured more than 26.23% share of the global market in 2016.

Thermo Fisher Scientific, Inc. (U.S.), LabWare, Inc. (U.S.), Core Informatics, LLC (U.S.), Abbott Informatics (U.S.), LabVantage Solutions, Inc. (U.S.) and others are some of the key companies in the global laboratory informatics market. Leading laboratory informatics companies have been on the acquisition strategy, hoping to expand their market reach.

For example, in July 2014, Dassault Systèmes, the 3DEXPERIENCE based company acquired Accelrys, provider of life cycle management software solution. This engagement has created new business group named "Biovia", aimed to supply the software solutions for the laboratories. Such initiatives would in turn help the market to record high revenue over the future period.

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TARGET AUDIENCE
Traders, Distributors, And Suppliers
Manufacturers
Hospitals
Government and Regional Agencies and Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY TYPES
ELN
LIMS
ECM
SDMS
LES
Others

MARKET, BY DELIVERY MODE
Web hosted
On Premise
Cloud based

MARKET, BY END USE
Life Sciences
Clinical Research Organizations (CROs)
Standalone and Integrated Laboratories
Pharmaceutical Companies
Others
Research objectives:-

To study and analyze the global Laboratory Informatics consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2029.
To understand the structure of the Laboratory Informatics market by identifying its various sub-segments.
Focuses on the key global Laboratory Informatics manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
 To analyze the Laboratory Informatics with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Laboratory Informatics submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Overall the report offers detailed coverage of Laboratory Informatics industry and presents main market trends. This research gives historical and forecasts market size, demand and production forecasts, end use demand details, price trends, and company shares of the leading Laboratory Informatics producers to provide exhaustive coverage of the market.

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