Laboratory Informatics Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2020 - 2030

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Laboratory Informatics Market - Global Industry, Analysis, Size, Share, Trends, and Forecasts 2020 - 2030

Status : June, 2021 | Healthcare IT

Report Digest

Laboratory Informatics Market: Overview

The accelerating adoption of advanced technology in genetic testing and genomic practices are likely to augment the growth of the global laboratory informatics market during the forecast period, 2020 to 2030. An increment sought after for laboratory robotization is relied upon to fuel the appropriation in the coming years. Information created by research facilities has drastically ascended in the previous few decades inferable from rising innovative headways in sub-atomic genomics and hereditary testing rehearses. What's more, the shift of inclination toward customized medication, disease genomics considers, and expanding patient commitment necessity is required to upsurge the interest for lab robotization frameworks.

The global laboratory informatics market is classified on the basis of product, delivery mode, component, end-use, and region. Based on segmentation by product, the market is grouped into Enterprise Content Management (ECM), Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS), Scientific Data Management Systems (SDMS), Laboratory Information Management Systems (LIMS), Chromatography Data Systems (CDS), Laboratory Execution Systems (LES), and Electronic Lab Notebooks (ELN).

The report offers insights into the market and discusses the prime factors aiding to its growth. Moreover, the report throws light on other parameters such as restraints, challenges, current trends, and upcoming opportunities that will shape the future of the market in the positive way. Additionally, the report lists the key segments and mentions the leading one with factors attributing to its growth. The impact of the novel COVID19 pandemic on the global laboratory informatics market is also discussed thoroughly in this report.

Laboratory Informatics Market: Company Profiles

Companies are indulging in merger and acquisition strategies to gather more revenues on the one side and emerge dominant on the other. Other players are investing in research and development of better software solutions, and advanced products, thereby gaining a competitive edge in the overall market.

Some of the well-known players of the global laboratory informatics market include:

  • Abbott Informatics
  • McKesson Corporation
  • Agilent Technologies
  • LabVantage Solutions Inc
  • LabWare
  • Thermo Fisher Scientific Inc.
  • Waters Corporation
  • ID Business Solutions Ltd.
  • LabLynx Inc.
  • PerkinElmer Inc.
  • Core Informatics

Laboratory Informatics Market: Drivers and Restraints

The increasing demand for lab automation activities is likely to aid in expansion of the global laboratory informatics market. Besides this, the growing adoption by bio repositories and bio banks will also boost the growth of this market. Additionally, the introduction of advanced software technology and the growing support from government in terms of regulatory approvals will also help create lucrative growth opportunities for the market in the years to come.

Laboratory Informatics Market: Geographical Insights

Regionwise, North America earned the largest share in the global laboratory informatics market. This is owing to the increasing rate of digital literacy and the rising cost on medical infrastructure and digital facilities. Additionally, the presence of a well-established healthcare infrastructure and facilities is likely to aid in expansion of the market for this region in the coming years as well. On the other side, the market in Asia Pacific is expected to witness lucrative growth opportunities during the forecast period, on account of the improving healthcare facilities and infrastructures. Moreover, the supporting initiatives in the form of insurance plans, healthcare systems, and medical services, will help the developing nations such as China, India, Japan, and others generate significant revenues in the coming years.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?