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.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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