Laboratory Informatics Market To Reach $ 3.83 Billion By 2025: Grand View Research, Inc.
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.
Browse full research report on Laboratory Informatics
Market: 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.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/healthcare-it
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
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia
Pacific
- Japan
- China
- India
- Latin
America
- Brazil
- Mexico
- Middle
East and Africa
- South
Africa
Access press release of this research
report by Grand View Research: http://www.grandviewresearch.com/press-release/global-laboratory-informatics-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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