According to research report the Lab Informatics Market is estimated to reach USD 3.8 billion by 2024 from USD 2.6 billion in 2019, at a CAGR of 7.5% during the forecast period.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=203037633
The
increasing need for laboratory automation; the development of
integrated lab informatics solutions; the need to comply with regulatory
requirements; and the growing demand in biobanks/biorepositories,
academic research institutes, and CROs are the major factors driving the
growth of the laboratory informatics market. On the other hand, lack of
integration standards and high maintenance and services cost are
expected to restrain the growth of this market in the coming years.
The services segment accounted for the largest share of the market in 2018.
Based
on components, the Lab Informatics Market is segmented into services
and software. The services segment dominated this market in 2018. The
large share of the services segment can be attributed to the growing
technological advancements in solution offerings by various vendors,
increasing adoption of cloud-based solutions, growing need for
consulting services, and the recurring nature of services. Furthermore,
in terms of IT usage and skill, the life science industry relies heavily
on service providers.
The cloud-based models segment is expected to grow at the highest CAGR during the forecast period.
On
the basis of deployment model, the laboratory informatics market is
segmented into on-premise, cloud-based, and remotely hosted models. The
cloud-based models segment is expected to grow at the highest CAGR
during the forecast period. Factors such as on-demand self-serving
analytics, no upfront capital investment for hardware, extreme capacity
flexibility, and a pay-as-you-go pricing model will boost the demand for
cloud-based laboratory informatics solutions in the coming years.
However, data transfer complexities and data security concerns may
hinder the growth of this market segment.
The laboratory
informatics market is diversified and highly competitive, with a large
number of players competing for market space. The prominent players in
the market are Thermo Fisher Scientific Inc. (US), LabVantage Solutions,
Inc. (US), LabWare (US), Abbott Informatics (US), LabLynx, Inc. (US),
Waters (US), Agilent Technologies, Inc. (US), Autoscribe Informatics
(US), Dassault Systèmes (Paris, France), LABWORKS LLC (US), KineMatik
(Ireland), Accelerated Technology Laboratories (ATL) (US), and
PerkinElmer Inc. (US).
Recent Developments
> In August
2018, Waters (US) signed an agreement with Restek Corporation (US).
Under this agreement, Waters and Restek Corporation agreed to provide
training and application support of GC-MS methods and workflows for
pesticide monitoring and screening to food safety laboratories.
>
In May 2018, Agilent Technologies (US) acquired Genohm (Switzerland).
This acquisition enhanced Agilent’s current software portfolio by adding
LIMS and workflow management, thus expanding the company’s ELN
capabilities.
> In February 2018, Autoscribe Informatics opened a
new operation facility in Australia to expand its LIMS customer base to
Australia and New Zealand.
> In March 2017, Thermo Fisher
Scientific acquired Core Informatics. This acquisition enhanced Thermo
Fisher’s existing informatics solutions and its cloud platform,
including its laboratory information management systems (LIMS),
electronic laboratory notebook (ELN) technologies, and scientific data
management solutions (SDMS).
Request For Report Sample: https://www.marketsandmarkets.com/requestsampleNew.asp?id=203037633
Geographically,
the Lab Informatics Market is segmented into North America, Europe,
Asia, and the Rest of the World (RoW). In 2018, North America dominated
the market, followed by Europe. Growth in the North American market is
supported by the growing demand for the integration of laboratory
systems, rising government funding for research, growth in biobanks,
need for early drug discovery, easy availability of laboratory
informatics products and services, and stringent regulatory requirements
across industries.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
sales@marketsandmarkets.com
No comments:
Post a Comment