Major factors contributing to growth of global lab informatics market include increasing need for laboratory automation, technological advancements, increasing availability of cost-effective informatics solutions, rising pressure to comply with regulatory requirements, & increasing adoption of laboratory informatics in biobanks/biorepositories, academic research institutes, and contract service organizations. Cloud-based laboratory informatics solutions and emerging countries offer huge growth potential for the laboratory informatics market.
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The report "Lab Informatics Market” is categorized on the basis of product type, deployment model, component, industry, and region", analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia, and the Rest of the World (RoW). Lack of integration standards for laboratory informatics and lack of trained professionals are the major factors that may limit the growth of the market to a certain extent.
Complete report on Lab Informatics Market spread across 225 Pages, Profiling 11 Companies and Supported with 191 Tables and 42 Figures is now available at www.reportsnreports.com/reports/65…asts-to-2021.html .
Report provides Lab Informatics Market share analysis and competitive landscape insights that cover growth strategies adopted by industry players in last three years.
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In North America, the U.S. is one of the most dominant markets for laboratory informatics due to its well-established economy and financial ability to deploy such technologies. Increasing R&D expenditure for the efficient management of data generated from increased R&D activities is another key factor driving the adoption of laboratory informatics market in this country.
- Laboratory Informatics Vendors
- Healthcare IT Service Providers
- Research and Consulting Firms
- Pharmaceutical and Biotechnology Companies
- Process Industries
- Venture Capitalists
- Government Agencies
- Academic Research Institutes
In the life sciences industry, improving FDA approval levels and a positive sales outlook are allowing pharmaceutical companies to allocate more capital to R&D spending. Asia is projected to be the fastest-growing region during the forecast period.
Factors such as increasing R&D activities and the development of supporting infrastructure in research laboratories have generated a demand for laboratory informatics solutions in Asia.
According to the Industrial Research Institute, in 2016, the total U.S. R&D spending is expected to reach USD 514 billion from USD 453 billion in 2012.
Company profiles comprise basic views on key players and their product portfolios, developments, and strategies adopted. This market research data, current market sizes, and forecast of future trends will help key players and new entrants make decisions regarding product offerings, geographical focus, changes in strategic approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.
Prominent players in the Lab Informatics Market include Thermo Fisher Scientific, Inc. (U.S.), LabWare, Inc. (U.S.), Core Informatics, LLC (U.S.), Abbott Informatics (U.S.), LabVantage Solutions, Inc.
(U.S.), LabLynx, Inc. (U.S.), PerkinElmer, Inc. (U.S.), Waters Corporation (U.S.), Agilent Technologies, Inc.
(U.S.), and ID Business Solutions Ltd. (U.K.).
The lab informatics market is categorized, by deployment model, into on-premise, cloud-based, and remotely hosted models. In 2016, the on-premise models segment is expected to account for the largest share of the market.
The cloud-based models segment is expected to grow at the highest CAGR during the forecast period.
The growth in this segment can be attributed to the ability of these models to offer on-demand self-serving analytics, no upfront capital investments for hardware, extreme capacity flexibility, and pay-as-you-go pricing model.