Laboratory Informatics Market - Global Forecast to 2022 - Increasing Need for Lab Automation
DUBLIN, September 15, 2017 /PRNewswire/ --
The "Laboratory Informatics Market by Solution, Component, Delivery, Industry - Global Forecast to 2022" report has been added to Research and Markets' offering.
The global laboratory informatics market is projected to reach USD 3.16 Billion by 2022 from USD 2.32 Billion in 2017, at a CAGR of 6.4% during the forecast period. A number of factors, such as the increasing need for lab automation, development of integrated lab informatics solutions, regulatory requirements, growing demand in biobanks/biorepositories, academic research institutes, and CROs, and rising awareness are expected to drive the growth of the market. On the other hand, the dearth of trained professionals and lack of integration standards are expected to restrain the growth of this market in the coming years.
This report segments the global laboratory informatics market into by type of solutions, component, deployment model, industry and regions.
On the basis of the type of solutions offered, the global market is segmented into laboratory LIMS, ELN, CDS, EDC & CDM LES, ECM and SDMS. The LIMS segment is expected to account for the largest market share in 2017. This segment is also projected to register the highest CAGR during the forecast period. The large share of this segment can be attributed to the wide range of benefits associated with the use of these systems, including increased workflow efficiencies, easy integration with other lab systems, reduced transcription errors, and better regulatory compliance.
The global laboratory informatics market, by component is segmented into services and software. In 2017, services are expected to account for the largest market share and are expected to witness high growth during the forecast period. . Growth in this segment can be attributed to the 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.
Based on the deployment model, the global laboratory informatics market is segmented into on-premise, cloud-based, and remotely-hosted deployment models. The on-premise model segment is expected to account for the largest market share, while cloud-based deployment models are expected to register highest CAGR during the forecast period. Advantages of the cloud-based model such as on-demand self-serving analytics, no upfront capital investment for hardware, extreme capacity flexibility, and a pay-as-you-go pricing model are driving the growth of this market segment.
On the basis of industry, the laboratory informatics market is segmented into life sciences, chemical, food & beverage and agriculture, petrochemical refineries and oil & gas, environmental testing laboratories, and other industries (forensic laboratories, metals and mining, and biofuels). In 2017, lifesciences industry segment is expected to account for the largest share of the market. Factors such as the growing applications of molecular diagnostics, rising outsourcing by pharmaceutical industries, growing need for integrated systems, stringent regulatory guidelines to be followed by pharmaceutical laboratories, increasing number of biobanks/biorepositories due to the increasing number of biobanking applications, rising need to integrate laboratory systems, and growing awareness and availability of technologically advanced laboratory informatics solutions are driving the growth of the global market for the life sciences industry.
On basis of type, the life science industry is segmented into pharmaceutical and biotechnology companies, biobanks and biorepositories, molecular diagnostics & clinical research laboratories, contract services organizations (CROs and CMOs), and academic research institutes. Among these biobanks/biorepositories are expected to witness the highest growth during the forecast period. The demand for high-quality specimens has driven the need for automated storage, preparation, and information management to obtain accurate, reliable, and standardized data. Other factors such as government funding for scientific research activities, growing collaboration between market players to offer laboratory informatics solutions to biobanks contribute to the growth of this market segment.
Companies Mentioned:
Abbott Informatics (A Subsidiary of Abbott Laboratories)
- Agilent Technologies
- Arxspan
- Autoscribe Informatics (A Wholly Owned Subsidiary of Autoscribe Limited)
- Dassault Systmes
- IDBS
- Kinematik
- Lablynx, Inc.
- Labvantage Solutions, Inc.
- Labware
- Labworks
- Perkinelmer Inc.
- Ruro, Inc.
- Thermo Fisher Scientific Inc.
- Waters Corporation
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Laboratory Informatics Market, By Type of Solution
7 Laboratory Informatics Market, By Component
8 Laboratory Informatics Market, By Deployment Model
9 Laboratory Informatics Market, By Industry
10 Lab Informatics Market, By Region
11 Competitive Landscape
12 Company Profiles
13 Appendix
For more information about this report visit https://www.researchandmarkets.com/research/zdgzfm/laboratory
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