The Global Laboratory Informatics market is growing at a high rate owing to the factors such as burgeoning requirement for laboratory automation, paradigm shift of the healthcare industry toward digitalization along with increasing demand in biorepositories and surging development of integrated lab informatics solutions. Besides these, significant rise in the adoption of robotics and process automation in healthcare, growing need to comply with regulatory standards due to increasing burden from regulatory authorities coupled with robust generation of vast amounts of data from several parts comprising research and development, quality assurance are projected to place a positive impact towards the growth of the market in the forecast period.

According to MarkNtel Advisors’ research report “Global Laboratory Informatics Market Analysis, 2020”, the Global Laboratory Informatics market is anticipated to grow at a CAGR of around 8.5% during 2021-26F. Based on Deployment Model, Cloud-based lab informatics solutions is anticipated to attain highest CAGR by 2025 and are expected to maintain their lead throughout the forecast period. The growth is attributed to burgeoning adoption of cloud-based platforms by contract research organization (CRO) along with rising demand among end-user in due to generation large amount of data in order to track of real-time data, remote access to data are some other benefits of cloud-based systems.

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“Global Laboratory Informatics Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Laboratory Informatics providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

North America Acquired the Majority Market Share

North America acquired the majority market share in the Global Laboratory Informatics market in 2019. The United States dominated the North American region. The growth of the segment is attributed to well-established healthcare industry, burgeoning adoption of digital healthcare along with growing demand for the integration of laboratory systems and surging government funding for research. Moreover, increasing number of biobanks, burgeoning need for early drug discovery coupled with robust technological advancements in various molecular genomics and hereditary testing practices and snowballing adoption of laboratory information management systems are some of the factors anticipated to bolster the growth of the Laboratory Informatics Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Laboratory Informatics Market Analysis, 2020”.

According to MarkNtel Advisors’, the key players with a considerable market share in the Global Laboratory Informatics market are Lab Vantage Solutions, Inc., Agilent Technologies, Lablynx, Inc., Abbott Laboratories, Cerner Corporation, Thermofisher Scientific, Inc., Core Informatics, Waters, LabWare, Autoscribe Informatics and others etc.

Market Segmentation:

1. By Product (Electronic Lab Notebooks (ELN), Laboratory Information Management Systems (LIMS), Chromatography Data Systems (CDS), Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS), Laboratory Execution Systems (LES), Enterprise Content Management Systems (ECM), Scientific Data Management Systems)
2. By Component (Service, Software)
3. By Industry (Life Sciences Industry, Chemicals Industry, Petrochemical Refineries and Oil & Gas Industry, Food and Beverage Agriculture, Environmental Testing Laboratories, Other Industries)
4. By Deployment Model (Remotely Hosted Models, On-Premises Models, Cloud-Based Models)
5. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
6. By Country (United States, Canada, Mexico, Brazil, Germany, Italy, United Kingdom, Spain, Russia & CIS, France, UAE, Saudi Arabia, South Africa, China, India, Japan, Australia, South Korea, Malaysia and Singapore),
7. By Company (Lab Vantage Solutions, Inc., Agilent Technologies, Lablynx, Inc., Abbott Laboratories, Cerner Corporation, Thermofisher Scientific, Inc., Core Informatics, Waters, LabWare, Autoscribe Informatics and others etc.)

Key questions answered in the study:

1. What are the current and future trends of the Laboratory Informatics industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Laboratory Informatics industry?
5. What is the customer orientation, purchase behavior, and expectations from the Laboratory Informatics firms across various regions?