Laboratory Informatics Market Share Worth US$ 5,268.7 Mn With CAGR of 8.2% By 2028 | Waters Corporation, PerkinElmer Inc., LabWare Inc., LabVantage Solutions Inc.,

Laboratory Informatics Market

At present, the Laboratory Informatics Market is enjoying its presence over the globe. The Research report presents a complete judgment of the request which consists of unborn trends, growth factors, consumption, product volume, CAGR value, attentive opinions, profit periphery, price, and assiduity- validated request data. This report helps individualities and request challengers to prognosticate unborn profitability and to make critical opinions for business growth.

The specialised use of information technology known as “laboratory informatics” aims to facilitate and improve scientific procedures and the dissemination of laboratory data. It is a crucial component of the laboratory since it helps to guarantee accurate and trustworthy data and outcomes. Laboratory informatics is the specialised application of information through a framework of tools, software, and hardware that enables scientific data to be interpreted, captured, migrated, and processed, also stored to help future research and development, shared, and managed, along with lab testing task while maximising the accountability of laboratory operations. Hence the word that refers to the application of various technological instruments for information gathering and analysis in a laboratory context.

Note – This report sample includes:

• Brief Introduction to the research report.

• Table of Contents (Scope covered as a part of the study)

• Top players in the market

• Research framework (structure of the report)

• Research methodology adopted by Coherent Market Insights

To Get More Business Strategies Request Sample Copy of This Research Report:) @ https://www.coherentmarketinsights.com/insight/request-sample/5138

Market Statistics

The market for laboratory informatics was estimated to be worth US$ 3,031.4 Mn in 2021 and is anticipated to grow at a CAGR of 8.2% from 2022 to 2028 to reach US$ 5,268.7 Mn.

In terms of volume, North America owned the majority of the market for laboratory informatics in 2020, with a 48.0% share, followed by Europe and Asia Pacific.

Recent Developments

Agilent Technologies inaugurated a brand-new, cutting-edge facility in Mumbai in June 2019. This facility, which was built to meet the rising need for next-generation lean laboratories, symbolised the company’s development in India.

Thermo Fisher bought Brammer Bio, a manufacturer of viral vectors used in cell and gene treatments, in March 2019. Following the acquisition, the latter firm joined Thermo Fisher’s Laboratory Products and Services Segment’s Pharma Services division. The company’s business was increased by the purchase.

The premier STARLIMS Laboratory Information Management System (LIMS), which aids in extracting the most insights from all laboratory data and fosters organisational growth, launched version 11.6 in October 2018, according to an announcement from Abbott Informatics.

Market Drivers

The global laboratory informatics market is anticipated to develop at a faster rate during the projected period due to the rising demand for lab informatics solutions globally. The debut of LabVantage Analytics, a sophisticated analytics tool that makes it simple for users to explore, analyse, and visualise LIMS, enterprise, and external data to acquire business insights, was announced by LabVantage Solutions, Inc. in March 2021. Experts in the analytics sector created LabVantage Analytics, which offers a single user interface and workflow and easily connects with all LabVantage LIMS platform components.

Over the course of the projected period, the development of laboratory informatics solutions is anticipated to get more attention. Thermo Fisher and Genovis joined up in April 2019 to provide cutting-edge end-to-end processes for the creation, characterisation, and monitoring of new compounds.

For More Information or Query or Customization before Buying, Visit at – https://www.coherentmarketinsights.com/insight/talk-to-analyst/5138

Market Restraints

The laboratory informatics industry is anticipated to see slow expansion because to high maintenance and service costs. For instance, a laboratory information system can cost between US$4,000 and US$100,000, with an extra US$1000–US$5000 per year in running expenses. The maintenance and service costs, as well as the cost of educating healthcare personnel, are included in the operational expenses. Because of this, laboratories choose the cheaper model of the laboratory information system.

The market for laboratory informatics is predicted to expand slowly due to a lack of integration standards. The capacity of lab informatics to interact with corporate systems and laboratory equipment for improved data management and efficiency is one of the most popular justifications for its use. While labs may believe that this integration is essential, it is not always the case, which has an impact on lab operations and deters potential purchasers from buying these solutions.

Market Opportunities

The worldwide laboratory informatics market is likely to provide considerable growth potential for companies as cloud-based lab informatics gains popularity. Large volumes of data may be stored remotely using cloud-based technology, freeing up storage space on devices and enabling data retrieval to meet client demands. PerkinElmer’s Signals Research Suite, a cloud-based programme running on Amazon Web Services, was live in October 2021. It is a secure informatics platform that offers pharmaceutical and industrial clients workflow management and integrated, end-to-end scientific data.

The worldwide laboratory informatics market is likely to offer considerable development potential for manufacturers due to the growing uses of lab informatics solutions. For instance, Abbott announced the debut of its laboratory information management system in July 2019. The system was created for use in the global manufacturing and R&D (research and development) sectors, which include, among others, the pharmaceutical, biotech, chemical, and petrochemical industries.

Market Trends/Key Takeaways

The market for laboratory informatics is anticipated to develop as a result of improvements in laboratory information management systems. For instance, LabVantage Solutions unveiled LabVantage 8.4, the most recent version of its laboratory information management system, in February 2019. This version offers new and updated features that facilitate staff and manager work while accelerating lab efficacy and efficiency.

The launch of innovative products or solutions by market participants is anticipated to support the expansion of the laboratory informatics industry. For instance, Millipore Sigma revealed at Pittcon 2020 in March 2020 that their Lanexo Lab Inventory, Safety, and Compliance Management System had been released. The new digital laboratory informatics system is intended to significantly cut down on lab time while enhancing data quality and traceability.

Competitive Landscape

Includes Waters Corporation, Abbott Laboratories (Abbott Informatics Corporation), PerkinElmer Inc., Agilent Technologies, LabWare Inc., Cerner Corporation, LabVantage Solutions Inc., Mckesson Corporation, LabLynx Inc., and Thermo Fisher Scientific Inc.

Grab the Offer and Get UpTo 30% Discount on This Research Report 2022-2028 @ https://www.coherentmarketinsights.com/promo/buynow/5138

Table of Contents:

1. Research Objectives and Assumptions
   • Research Objectives
   • Assumptions
   • Abbreviations
2. Market Purview
   • Report Description
     • Market Definition and Scope
   • Executive Summary
     • Market Snapshot, By Product
     • Market Snapshot, By Component
     • Market Snapshot, By Delivery Mode
     • Market Snapshot, By Geography
   • Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Increasing applications of lab informatics solutions
     • High cost of maintenance and service
     • Increasing number of diagnoses
   • Impact Analysis
   • Key Highlights
   • Regulatory Scenario
   • Product launch/Approvals
   • PEST Analysis
   • PORTER’s Analysis
   • Merger and Acquisition Scenario
4. Laboratory Informatics Market – Impact of Coronavirus (COVID-19) Pandemic
   • COVID-19 Epidemiology
   • Supply Side and Demand Side Analysis
   • Economic Impact
5. Laboratory Informatics Market, By Product, 2017-2028, (US$ Mn)
   • Introduction
     • Market Share Analysis, 2022 and 2028 (%)
     • Y-o-Y Growth Analysis, 2017 – 2028
     • Segment Trends
   • Laboratory Information Management System (LIMS)
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
   • Electronic Lab Notebook (ELN)
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
   • Enterprise Content Management (ECM)
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
   • Laboratory Execution System (LES)
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
   • Chromatography Data System (CDS)
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
   • Scientific Data Management System (SDMS)
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
   • Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
6. Laboratory Informatics Market, By Component, 2017-2028, (US$ Mn)
   • Introduction
     • Market Share Analysis, 2022 and 2028 (%)
     • Y-o-Y Growth Analysis, 2017 – 2028
     • Segment Trends
   • Services
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
   • Software
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
7. Laboratory Informatics Market, By Delivery Mode, 2017-2028, (US$ Mn)
   • Introduction
     • Market Share Analysis, 2022 and 2028 (%)
     • Y-o-Y Growth Analysis, 2017 – 2028
     • Segment Trends
   • On-premise
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
   • Web-hosted
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)
   • Cloud-based
     • Introduction
     • Market Size and Forecast, and Y-o-Y Growth, 2017-2028,(US$ Mn)

View Press Release: https://www.coherentmarketinsights.com/press-release/laboratory-informatics-market-4424