Rising Diagnosis Numbers Is Fueling the Demand for Laboratory Informatics Market to Grow at an Upscale CAGR of 7.2% During Forecast 2019-2025
Laboratory Informatics Market
Insights:
Market
Research Future stated that the global Laboratory Informatics Market is poised
to register a CAGR of 7.2% during the forecast period, 2019-2025.
Several
other factors, such as increased acceptance of cloud-based platforms by CROs, a
growing preference for personalized medicines, untapped emerging markets, a
rise in regulatory approvals, and increasing medical R&D are also expected
to grow in the market. However, high maintenance and service costs can hinder
market growth during the forecast period.
Due
to increased workload, technological progress, cost constraints, and the nature
of the pathology changes rapidly, depending on market needs. The new lab systems
are manufactured with the best technologies to mitigate today's global demand.
New approaches to laboratory information management are now needed to meet
changing health system requirements.
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Laboratory Informatics Market-Key
Competitors:
·
Abbott Laboratories
·
Cerner Corporation
·
Agilent Technologies
·
Labworks LLC
·
Accelerated Technology Laboratories
·
Dassault Systèmes
·
IDBS
·
KineMatik
·
Lablynx
·
Thermo Fisher Scientific Inc
Laboratory Informatics Market
-Segmentation:
·
The global market for laboratory information
market is majorly diversified on the basis of product, component, deployment model,
and end user.
·
The global laboratory information market, by
product, is divided into Laboratory Information Management Systems (LIMS), Scientific
Data Management Systems (SDMS), Electronic Data Capture (EDN), Chromatography
Data Systems (CDS), Enterprise Content Management (ECM), Electronic Laboratory
Notebooks (ELN), Clinical Data Management Systems (CDMS), and Laboratory
Execution Systems (LES). The Laboratory Information Management Systems (LIMS)
segment is further divided into industry specific LIMS ad broad-based LIMS.
·
The market is segmented based on component on
the basis of software and services.
·
Based on the end user, the market is
segmented into environmental testing labs, life science companies, CROs, and
others.
Laboratory Informatics Market
-Regional Outlook:
The
Americas have dominated the global laboratory computing market because of
rising healthcare costs, in combination with increasing pressure to widen the
cost curve through increasing regional acceptance of information management
systems.
In
2018, Europe was second in the global laboratory informatics market.
Technological progress, as well as the availability of funding opportunities
for research and innovation, will support the growth of IT in health labs.
Germany has the largest share in the European laboratory informatics market due
to the increasing automation of laboratory systems.
The
Asia Pacific region is anticipated to represent phenomenal growth in medical
informatics over the forecast period due to increased market share and
increased funding for healthcare.
Laboratory Informatics Market-Recent
Updates:
LabVantage
Solutions, Inc., a leading provider of lab-based IT solutions and services,
including LIMS solutions designed specifically to make labs work faster and at
lower total costs, has received ISO / IEC Information Security Certification.
27001: 2013 after a full evaluation and audit process. ISO / IEC 27001 certification
includes requirements for continuously designing, implementing, maintaining and
improving enterprise information security management systems, including
franchise accounting for specific needs.
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