North America laboratory informatics market has shown strong growth pattern in recent year’s majorly due to growing automation in laboratories, technological advancements in laboratory informatics solutions, rising pressure to comply with stringent regulatory guidelines, increasing R&D activities, and growing demand by the biobanks/biorepositories, academic research institutes, and CROs. However, lack of skilled professionals and integration challenges may restrain the growth of laboratory informatics market to some extent.
Meticulous Research® in its latest publication on North America Laboratory Informatics Market states that the North America laboratory informatics market will increase at a CAGR of 6.2% from 2018 to 2024 to reach USD 1,715.0 million by 2024. Wherein, geographically, U.S. commanded the largest share in this market followed by Canada. The major share of U.S. is mainly attributed to its well-established economy and financial capability to adopt new &advanced technologies, strict government regulations that require laboratories to deploy data management systems across industries, high level of automation in laboratories, presence of leading LIMS vendors, better availability of technologically advanced informatics products and services, and growing demand for integration of laboratory systems, cloud-based informatics, and COTS LIMS in the country.
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The report provides meticulous analysis of North America laboratory informatics market by segmenting it on the basis of product (LIMS, ELN, LES, EDC, ECM, CDMS, SDMS), component (services, software), delivery (on premise, cloud, web), end user (pharma, biotech, MDx, biobank, Cro, f&b, oil, gas, chemical). Wherein, among products, LIMS accounted for the largest share in 2018. The large share of LIMS segment is primarily attributed to 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 key players analyzed in the North America laboratory informatics market are Abbott Informatics Corporation, Agilent Technologies, Arxspan, LLC, Autoscribe Informatics, Dassault Systemes SE, GenoLogics (Illumina, Inc.), Lablynx, Inc., LabVantage Solutions, Inc., LabWare, Inc., Novatek International, PerkinElmer, Inc., Promium LLC, Sapio Sciences LLC., RURO, Inc., Thermo Fisher Scientific Inc., and Waters Corporation.
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Key Topics Covered in This Report:
- Research Methodology
- Executive Summary
- Market Share Analysis
- Market Insights
- North America Laboratory Informatics Market, By Product
- North America Laboratory Informatics Market, By Mode of Delivery
- North America Laboratory Informatics Market, By Component
- North America Laboratory Informatics Market, By End User
- Geographic Analysis
- Competitive Landscape
- Company Profiles
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