Lab Informatics Market Growing at 6.2% CAGR to Hit $2.97 Bln by 2021

Aug 11, 2016

The global lab informatics market is to reach USD 2.97 Billion by 2021 growing at a CAGR of 6.2% during the forecast period driven by increased R&D spending which is expected to reach USD 514 billion from USD 453 billion in 2012.

Pune, India - August 11, 2016 /MarketersMedia/ —

The laboratory informatics market is witnessing significant growth across the globe owing to factors such as the increasing need for laboratory automation, technological advancements, increasing availability of cost-effective informatics solutions, rising pressure to comply with regulatory requirements, and increasing adoption of laboratory informatics in biobanks/biorepositories, academic research institutes, and contract service organizations. Cloud-based laboratory informatics solutions and emerging countries offer huge growth.

Complete report on Lab Informatics Market spread across 225 Pages, Profiling 11 Companies and Supported with 191 Tables and 42 Figures is now available at http://www.rnrmarketresearch.com/lab-informatics-market-by-product-cds-edc-les-ecm-eln-lims-sdms-component-software-services-delivery-on-premise-hosted-cloud-industry-cros-pharma-biotechnology-chemical-petrochemical-f-b-ag-ts-to-2021-market-report.html .

The report analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia, and the Rest of the World (RoW).

The laboratory informatics market is witnessing significant growth across the globe owing to factors such as the increasing need for laboratory automation, technological advancements, increasing availability of cost-effective informatics solutions, rising pressure to comply with regulatory requirements, and increasing adoption of laboratory informatics in biobanks/biorepositories, academic research institutes, and contract service organizations. Cloud-based laboratory informatics solutions and emerging countries offer huge growth.

Major factors contributing to the growth of the global laboratory informatics market include increasing need for laboratory automation, technological advancements, increasing availability of cost-effective informatics solutions, rising pressure to comply with regulatory requirements, and increasing adoption of laboratory informatics in biobanks/biorepositories, academic research institutes, and contract service organizations. Cloud-based laboratory informatics solutions and emerging countries offer huge growth potential for the laboratory informatics market.

The laboratory informatics market is segmented on the basis of product type, deployment model, component, industry, and region. The LIMS segment is expected to grow at the highest CAGR mainly due to the systems' ability to increase workflow efficiencies by removing manual data entry and transcription errors.

Asia is projected to be the fastest-growing region during the forecast period. Factors such as increasing R&D activities and the development of supporting infrastructure in research laboratories have generated a demand for laboratory informatics solutions in the Asian region.

Based on product type, the market is segmented into Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS), Laboratory Information Management Systems (LIMS), Electronic Lab Notebooks (ELN), Laboratory Execution Systems (LES), Scientific Data Management Systems (SDMS), Chromatography Data Systems (CDS), and Enterprise Content Management (ECM).

The Laboratory Informatics Market is highly competitive. Prominent players in the market include Thermo Fisher Scientific, Inc. (U.S.), LabWare, Inc. (U.S.), Core Informatics, LLC (U.S.), Abbott Informatics (U.S.), LabVantage Solutions, Inc. (U.S.), LabLynx, Inc. (U.S.), PerkinElmer, Inc. (U.S.), Waters Corporation (U.S.), Agilent Technologies, Inc. (U.S.), and ID Business Solutions Ltd. (U.K.). Corporate Discount on this research of Lab Informatics Market by Product (CDS, EDC, LES, ECM, ELN, LIMS, SDMS), Component (Software, Services), Delivery (On-Premise, Hosted, Cloud) & Industry (CROs, Pharma, Biotechnology, Chemical, Petrochemical, F&B, Agriculture, Oil, Gas) - Forecasts to 2021 report at http://www.rnrmarketresearch.com/contacts/discount?rname=659815 .

The report provides market share analysis and competitive landscape insights that cover the growth strategies adopted by industry players in the last three years. The company profiles comprise basic views on the key players and their product portfolios, developments, and strategies adopted.

On a related note, another research on Laboratory Information System/LIS Market Global Forecast to 2019 says, The global LIS market is expected to reach $1,806.1million by 2019 from $1,175 million in 2014, growing at a CAGR of 9% from 2014 to 2019. North America is estimated to account for the largest share of the global laboratory information system market. The global LIS market is categorized on the basis of product, delivery mode, component, end user, and geography. Companies like Cerner Corporation, McKesson Corporation, Epic Corporation Inc., Medical Information Technology, Inc., SCC Soft Computer, Sunquest Information Systems, Inc., CompuGroup Medical AG, Computer Programs and Systems, Inc., Merge Healthcare, Inc. and Orchard Software Corporation have been profiled in this 162 pages research report available at http://www.rnrmarketresearch.com/laboratory-information-systemlis-market-by-type-standalone-integrated-delivery-mode-on-premise-hosted-saas-end-user-labs-clinical-molecular-diagnostic-blood-bank-anatomic-pathology-by-market-report.html .

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Source: http://marketersmedia.com/lab-informatics-market-growing-at-6-2-cagr-to-hit-2-97-bln-by-2021/127527

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