Growth of North America Laboratory Informatics Market | Research Report & Industry Forecast to 2024
Meticulous Research® – leading global
market research company published a research report titled “North America Laboratory Informatics
Market by 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) – Forecast to
2024”. According to this latest publication from Meticulous Research®,
the North American laboratory informatics market is expected to grow at a CAGR
of 6.2% from 2018 to reach $1,715 million by 2024, driven by the growing
automation in laboratories, increasing digitalization of laboratory solutions,
increasing R&D activities, technological advancements, and rising pressure
for regulatory compliance. Moreover, rapid shift towards cloud-based laboratory
solutions; and growing demand from the biobanks/biorepositories, academic
research institutes, & contract research organizations (CROs) offer significant
growth opportunities for the market players during the forecast period.
However, lack of skilled professionals may hinder the market growth to some
extent.
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| Top 10 Companies in North America Laboratory Informatics Market |
North America laboratory informatics market study presents
historical market data in terms of value (2016 and 2017), estimated current
data (2018), and forecasts for 2024-by product type (Laboratory Information
Management System (LIMS), Electronic Lab Notebook (ELN), Chromatography Data
System (CDS), Electronic Data Capture (EDC) & Clinical Data Management
Systems (CDMS), Laboratory Execution Systems (LES), Enterprise Content
Management (ECM), and Scientific Data Management System (SDMS)), mode of
delivery (on-premise, cloud-based, and web-based), component (services and
software), end user (life sciences industry, chemical testing laboratories,
food & beverage and agriculture industries, petrochemical and oil & gas
industries, and others). The study also evaluates industry competitors and
analyzes the market at country level (U.S. and Canada).
Laboratory information management system (LIMS) is
increasingly being adopted by the end users as these solutions meet broad range
of scientific needs with their ability to provide a suitable environment that
is easy to use across multiple disciplines. Moreover, technological advancements
in LIMS, growing replacement of old legacy LIMS with COTS LIMS, and growing
application of LIMS in biobanking, academic research institutes, and CROs
contributes to the largest share and fastest growth of LIMS market during the
forecast period.
In 2017, on-premise laboratory informatics solutions
captured a major share mainly because on-premise solutions are more
customizable than other two deployment models, laboratories have total
ownership and authority, and this model is perceived to be more secure.
Life sciences industry is currently the leading adopter of
laboratory informatics solutions due to growing regulatory pressures to
maintain data integrity, validity, and security. Moreover, increasing need to
improve lab productivity and cost efficiency and trend towards automation is
driving life sciences industries to invest in lab informatics. However,
chemical testing laboratories, academic research institutes, CROs & CMOs,
and food & beverage industries are expected to be in spotlight during the
forecast period.
This research
report analyzes North American region including the U.S., and Canada. The U.S.
commanded the largest share in 2017 owing to the advanced laboratory
infrastructure, growing demand for integration of laboratory systems, growing
digitalization, rising government funding for research activities, easy
availability of laboratory informatics products and services, stringent
regulatory requirements across industries, and presence of several key players
in this region improving product availability.
The major players
operating in the North American laboratory informatics market are Abbott
Informatics Corporation, Agilent Technologies, Inc., Arxspan, LLC, Autoscribe
Informatics, Dassault Systemes SE, GenoLogics (Illumina, Inc.), LabLynx, Inc.,
LabVantage Solutions, Inc., LabWare, Inc., Novatek International, PerkinElmer,
Inc., Promium LLC, RURO, Inc., Sapio Sciences LLC, Thermo Fisher Scientific
Inc., and Waters Corporation, among others.
Key questions answered
in the report-
- Which are the high growth
market segments in terms of product, mode of delivery, component, end
user, and countries?
- What is the historical
market size for laboratory informatics in North America?
- What are the market
forecasts and estimates from the period 2018-2024?
- What are the major drivers,
restraints, opportunities, and challenges in the North American laboratory
informatics market?
- Who are the major players in
the North American laboratory informatics market?
- How is the competitive
landscape?
- What are the recent
developments in the North American laboratory informatics market?
- What are the different
strategies adopted by the major players in the North American laboratory
informatics market?
Top 10 Companies to
Watch in North America Laboratory Informatics Market:
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Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Website: https://www.meticulousresearch.com/
Connect with us | LinkedIn | Twitter |
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