Laboratory Informatics Market Overview
The Laboratories are actuating to both manufacturing and research organizations across the life sciences and medical research industries. The first objective of a laboratory is to make sure the generation of high-quality and reliable experiment data that conforms to the regulatory guidelines of the industry.
Additionally, Advances in technology combined with stringent daily needs and increasing commercial pressures have led to the rapid generation of vast amounts of data from various aspects comprising research and development, quality assurance, and manufacturing.
Furthermore, the increasing burden from regulatory authorities for the implementation of lab automation systems is predicted to serve the marketplace for laboratory informatics with lucrative growth opportunities.
Moreover, the advantages of using these systems are process optimization, improved regulatory compliance and property rights protection, reduced throughput time and paperless information management reduces labour cost, offer improved data quality through the elimination of errors, and faster and effective data analytics.
Covid-19 Impact on Laboratory Informatics Market:
In addition, the current Global Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Global Market. The recently published report demonstrates the elevation within the demand for the healthcare sector. The healthcare manufacturers have experienced future also as short term effect which incorporates supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption might be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and makers to the limit. In addition to the present, panic conditions have already spurred the demand for several healthcare products and services which are discussed intimately during this report. Moreover, the impact of this pandemic on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Laboratory Informatics Market Segment Overview
By Type, Demand for fully integrated services in life sciences and research industries to cut back data management errors and qualitative analysis of research information is predicted to fuel the segment growth within the approaching years. Because of these factors the LIMS segment is predicted to stay up its position throughout the forecast period. Additionally, the superior Electronic Lab Notebooks (ELN) system segment is anticipated to means significant growth due to its increased adoption by researchers in analytical chemistry labs.
By Deployment Model, cloud-based deployment models are expected to register the simplest rate of growth during the forecast period. The advantages of cloud-based models, like on-demand self-serving analytics, no upfront capital investments for hardware, extreme capacity flexibility, and pay-as-you-go pricing are driving the expansion of this market segment.
Based on Industry Verticals, the life sciences industry segment commanded a larger share of the market and is projected to register the best CAGR during the forecast period. Agency regulations to require care of data integrity, security, and validity are driving life sciences laboratories to adopt laboratory informatics solutions.
Market Analysis, Insights and Forecast – By Type
· Laboratory Information Management Systems (LIMS)
· Electronic Lab Notebooks (ELN)
· Scientific Data Management Systems (SDMS)
· Laboratory Execution Systems (LES)
· Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
· Chromatography Data Systems (CDS)
· Enterprise Content Management (ECM)
Market Analysis, Insights and Forecast – By Deployment Model
· Cloud-Based
· On-premise
Market Analysis, Insights and Forecast – By Industry Verticals
· Life Sciences Industry
· Chemicals Industry
· Food & Beverage and Agriculture Industry
· Petrochemical Refineries and Oil & Gas Industry
· Environmental Testing Laboratories
· Other
Laboratory Informatics Market Regional Overview
Region-wise, in terms of regions, Growth within the North American market is supported by the growing demand for the blending of laboratory systems, rising government funding for research, growth in biobanks, need for early drug discovery, easy availability of laboratory informatics products and services, and stringent regulatory requirements across industries.
Laboratory Informatics Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & remainder of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & rest of LAMEA)
Laboratory Informatics Market Competitor overview
Some key developments and methods adopted by manufacturers within the Laboratory Informatics are highlighted below.
• In August 2018, Waters (US) signed an agreement with Restek Corporation (US), results of this agreement to supply training and application support of GC-MC methods and workflows for pesticides monitoring and screening to food safety laboratories.
Laboratory Informatics Market, Key Players
· Thermo Fisher Scientific, Inc.
· Core Informatics
· LabWare
· PerkinElmer, Inc.
· LabVantage Solutions, Inc.
· LabLynx, Inc.
· Agilent Technologies
· ID Business Solutions Ltd.
· McKesson Corporation
· Waters Corporation
· Abbott Informatics
The Laboratories are actuating to both manufacturing and research organizations across the life sciences and medical research industries. The first objective of a laboratory is to make sure the generation of high-quality and reliable experiment data that conforms to the regulatory guidelines of the industry.
Additionally, Advances in technology combined with stringent daily needs and increasing commercial pressures have led to the rapid generation of vast amounts of data from various aspects comprising research and development, quality assurance, and manufacturing.
Furthermore, the increasing burden from regulatory authorities for the implementation of lab automation systems is predicted to serve the marketplace for laboratory informatics with lucrative growth opportunities.
Moreover, the advantages of using these systems are process optimization, improved regulatory compliance and property rights protection, reduced throughput time and paperless information management reduces labour cost, offer improved data quality through the elimination of errors, and faster and effective data analytics.
Covid-19 Impact on Laboratory Informatics Market:
In addition, the current Global Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Global Market. The recently published report demonstrates the elevation within the demand for the healthcare sector. The healthcare manufacturers have experienced future also as short term effect which incorporates supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption might be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and makers to the limit. In addition to the present, panic conditions have already spurred the demand for several healthcare products and services which are discussed intimately during this report. Moreover, the impact of this pandemic on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Laboratory Informatics Market Segment Overview
By Type, Demand for fully integrated services in life sciences and research industries to cut back data management errors and qualitative analysis of research information is predicted to fuel the segment growth within the approaching years. Because of these factors the LIMS segment is predicted to stay up its position throughout the forecast period. Additionally, the superior Electronic Lab Notebooks (ELN) system segment is anticipated to means significant growth due to its increased adoption by researchers in analytical chemistry labs.
By Deployment Model, cloud-based deployment models are expected to register the simplest rate of growth during the forecast period. The advantages of cloud-based models, like on-demand self-serving analytics, no upfront capital investments for hardware, extreme capacity flexibility, and pay-as-you-go pricing are driving the expansion of this market segment.
Based on Industry Verticals, the life sciences industry segment commanded a larger share of the market and is projected to register the best CAGR during the forecast period. Agency regulations to require care of data integrity, security, and validity are driving life sciences laboratories to adopt laboratory informatics solutions.
Market Analysis, Insights and Forecast – By Type
· Laboratory Information Management Systems (LIMS)
· Electronic Lab Notebooks (ELN)
· Scientific Data Management Systems (SDMS)
· Laboratory Execution Systems (LES)
· Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
· Chromatography Data Systems (CDS)
· Enterprise Content Management (ECM)
Market Analysis, Insights and Forecast – By Deployment Model
· Cloud-Based
· On-premise
Market Analysis, Insights and Forecast – By Industry Verticals
· Life Sciences Industry
· Chemicals Industry
· Food & Beverage and Agriculture Industry
· Petrochemical Refineries and Oil & Gas Industry
· Environmental Testing Laboratories
· Other
Laboratory Informatics Market Regional Overview
Region-wise, in terms of regions, Growth within the North American market is supported by the growing demand for the blending of laboratory systems, rising government funding for research, growth in biobanks, need for early drug discovery, easy availability of laboratory informatics products and services, and stringent regulatory requirements across industries.
Laboratory Informatics Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & remainder of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & rest of LAMEA)
Laboratory Informatics Market Competitor overview
Some key developments and methods adopted by manufacturers within the Laboratory Informatics are highlighted below.
• In August 2018, Waters (US) signed an agreement with Restek Corporation (US), results of this agreement to supply training and application support of GC-MC methods and workflows for pesticides monitoring and screening to food safety laboratories.
Laboratory Informatics Market, Key Players
· Thermo Fisher Scientific, Inc.
· Core Informatics
· LabWare
· PerkinElmer, Inc.
· LabVantage Solutions, Inc.
· LabLynx, Inc.
· Agilent Technologies
· ID Business Solutions Ltd.
· McKesson Corporation
· Waters Corporation
· Abbott Informatics
Laboratory Informatics Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Laboratory Informatics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Laboratory Information Management Systems (LIMS)
- 5.2.2. Electronic Lab Notebooks (ELN)
- 5.2.3. Scientific Data Management Systems (SDMS)
- 5.2.4. Laboratory Execution Systems (LES)
- 5.2.5. Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
- 5.2.6. Chromatography Data Systems (CDS)
- 5.2.7. Enterprise Content Management (ECM)
- 5.3. Market Analysis, Insights and Forecast – By Deployment Model
- 5.3.1. Cloud-Based
- 5.3.2. On-premise
- 5.4. Market Analysis, Insights and Forecast – By Industry Verticals
- 5.4.1. Life Sciences Industry
- 5.4.2. Chemicals Industry
- 5.4.3. Food & Beverage and Agriculture Industry
- 5.4.4. Petrochemical Refineries and Oil & Gas Industry
- 5.4.5. Environmental Testing Laboratories
- 5.4.6. Other
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East, and Africa
6. North America Laboratory Informatics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Laboratory Information Management Systems (LIMS)
- 6.2.2. Electronic Lab Notebooks (ELN)
- 6.2.3. Scientific Data Management Systems (SDMS)
- 6.2.4. Laboratory Execution Systems (LES)
- 6.2.5. Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
- 6.2.6. Chromatography Data Systems (CDS)
- 6.2.7. Enterprise Content Management (ECM)
- 6.3. Market Analysis, Insights and Forecast – By Deployment Model
- 6.3.1. Cloud-Based
- 6.3.2. On-premise
- 6.4. Market Analysis, Insights and Forecast – By Industry Verticals
- 6.4.1. Life Sciences Industry
- 6.4.2. Chemicals Industry
- 6.4.3. Food & Beverage and Agriculture Industry
- 6.4.4. Petrochemical Refineries and Oil & Gas Industry
- 6.4.5. Environmental Testing Laboratories
- 6.4.6. Other
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Laboratory Informatics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Laboratory Information Management Systems (LIMS)
- 7.2.2. Electronic Lab Notebooks (ELN)
- 7.2.3. Scientific Data Management Systems (SDMS)
- 7.2.4. Laboratory Execution Systems (LES)
- 7.2.5. Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
- 7.2.6. Chromatography Data Systems (CDS)
- 7.2.7. Enterprise Content Management (ECM)
- 7.3. Market Analysis, Insights and Forecast – By Deployment Model
- 7.3.1. Cloud-Based
- 7.3.2. On-premise
- 7.4. Market Analysis, Insights and Forecast – By Industry Verticals
- 7.4.1. Life Sciences Industry
- 7.4.2. Chemicals Industry
- 7.4.3. Food & Beverage and Agriculture Industry
- 7.4.4. Petrochemical Refineries and Oil & Gas Industry
- 7.4.5. Environmental Testing Laboratories
- 7.4.6. Other
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Laboratory Informatics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Laboratory Information Management Systems (LIMS)
- 8.2.2. Electronic Lab Notebooks (ELN)
- 8.2.3. Scientific Data Management Systems (SDMS)
- 8.2.4. Laboratory Execution Systems (LES)
- 8.2.5. Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
- 8.2.6. Chromatography Data Systems (CDS)
- 8.2.7. Enterprise Content Management (ECM)
- 8.3. Market Analysis, Insights and Forecast – By Deployment Model
- 8.3.1. Cloud-Based
- 8.3.2. On-premise
- 8.4. Market Analysis, Insights and Forecast – By Industry Verticals
- 8.4.1. Life Sciences Industry
- 8.4.2. Chemicals Industry
- 8.4.3. Food & Beverage and Agriculture Industry
- 8.4.4. Petrochemical Refineries and Oil & Gas Industry
- 8.4.5. Environmental Testing Laboratories
- 8.4.6. Other
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Laboratory Informatics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Laboratory Information Management Systems (LIMS)
- 9.2.2. Electronic Lab Notebooks (ELN)
- 9.2.3. Scientific Data Management Systems (SDMS)
- 9.2.4. Laboratory Execution Systems (LES)
- 9.2.5. Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
- 9.2.6. Chromatography Data Systems (CDS)
- 9.2.7. Enterprise Content Management (ECM)
- 9.3. Market Analysis, Insights and Forecast – By Deployment Model
- 9.3.1. Cloud-Based
- 9.3.2. On-premise
- 9.4. Market Analysis, Insights and Forecast – By Industry Verticals
- 9.4.1. Life Sciences Industry
- 9.4.2. Chemicals Industry
- 9.4.3. Food & Beverage and Agriculture Industry
- 9.4.4. Petrochemical Refineries and Oil & Gas Industry
- 9.4.5. Environmental Testing Laboratories
- 9.4.6. Other
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Thermo Fisher Scientific, Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Core Informatics
- 10.6. LabWare
- 10.7. PerkinElmer, Inc.
- 10.8. LabVantage Solutions, Inc.
- 10.9. LabLynx, Inc.
- 10.10. Agilent Technologies
- 10.11. ID Business Solutions Ltd.
- 10.12. McKesson Corporation
- 10.13. Waters Corporation
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
