#SDMS Saas Software

[kraftresearch2019]

Laboratory Informatics Market 2019 - Industry Analysis- Size, Share, Trends, Demand, Overview, Forecast 2023

Industry Outlook and Trend Analysis:

The Laboratory Informatics Market was worth USD 1.97 billion in 2014 and is expected to reach approximately USD 3.51 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.63% during the forecast period. Rising demand for laboratory automation is anticipated to boost the adoption in coming years. Information produced by labs has drastically ascended in recent decades attributable to rising innovative progressions in molecular genomics and genetic testing practices. Additionally, the switch of inclination toward personalized prescription, cancer genomics studies, and expanding requirement of patient engagement is anticipated to upsurge the interest for lab automation systems.

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 Product Outlook and Trend Analysis:

Laboratory Information Management Systems (LIMS) captured the prevailing share in 2016. These systems incorporate reporting of sample lifecycle, system & security administration, inventory, storage capacity & logistics, master data management, schedules, instruments and analytical workflow. The demand for completely coordinated services in life sciences and research sectors to reduce data management errors and qualitative analysis of research data is anticipated to boost the fragment development in coming years.

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 Competitive insights:

The leading players in the market are Labvantage, LabWare, Waters Corporation, PerkinElmer, Agilent Technologies, McKesson Corporation, Abbott, LabLynx, Core Informatics and Thermo Fisher Scientific. The market is exceptionally divided with numerous market players. This prompts high competition in smaller market players to maintain their position. Technologically propelled platforms created by the organizations, for example, Software as a Service (SaaS), propelled products with the more prominent utility to pick up an edge over contenders.

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 By Product:

Electronic Lab Notebooks (ELN)

Laboratory Execution Systems (LES)

Chromatography Data Systems (CDS)

Laboratory Information Management Systems (LIMS)

Scientific Data Management Systems (SDMS)

Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)

Enterprise Content Management (ECM)

 By Delivery Mode:

Web-hosted

On-premise

Cloud-based

 By Component:

Services

Software

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 By End User:

CROs

Food and Beverage and Agriculture Industries

Petrochemical Refineries & Oil and Gas Industry

Life Sciences

Chemical Industry

Environmental Testing Laboratories

Other Industries

By Region

North America

U.S.

Canada

Mexico

Europe

Germany

UK

France

Russia

Italy

Rest of Europe

Asia-Pacific

China

Japan

South Korea

India

Southeast Asia

Rest of Asia-Pacific

South America

Brazil

Argentina

Columbia

South Africa

Rest of South America

Middle East and Africa

Saudi Arabia

UAE

Egypt

Nigeria

South Africa

Rest of MEA

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