Laboratory Informatics Market

Laboratory Informatics Market Size and Growth Rate:

According to our research report, the Laboratory Informatics Market size is poised to reach USD 3,729.23 million by the end of 2024 from USD 2,395.69 million in 2018 and this market witnessed a growth rate of 7.65% during the forecast period 2018-2024.

Laboratory Informatics Market - Growth Drivers and Opportunities:

Factors that are driving the market include High Accuracy and Efficiency of Results, Increasing Applications of Lab Informatics Solutions and Increasing Number of Diagnoses. The laboratories informatics market is growing at a decent pace across the world. Laboratory informatics solutions help researchers and laboratory professionals across industries to reduce manual efforts, labor cost, cost of error, and throughput time; offer paperless information management and effective data analytics; improve data traceability, accessibility, security and sharing; streamline processes; enhance quality management; abide by the regulatory requirements; and provide better control of all business processes and decision support.

Laboratory Informatics Market - Regional Analysis:

North America currently dominates the market for laboratory informatics and is expected to continue its stronghold for a few more years. This region is expected to increase its market share in the future owing to the well-established healthcare industry and better reimbursement facilities in the region. The United States holds the majority of the market in the North America region; this is due to the higher adoption of the digital healthcare in the country and the rising investments done by the companies over there.

Prominent Companies in the Laboratory Informatics Market analyzed in the report are:

• Abbott Laboratories (Abbott Informatics Corporation)
• Agilent Technologies
• Cerner Corporation
• McKesson Corporation
• Thermo Fisher Scientific Inc

This research report includes following segmentation for the Laboratory Informatics Market size and forecast until 2024:

Laboratory Informatics Market – By Product:

• Laboratory Information Management System (LIMS)
• Electronic Lab Notebooks (ELN)
• Enterprise Content Management (ECM)
• Laboratory Execution System (LES)
• Chromatography Data System (CDS)
• Scientific Data Management System (SDMS)
• Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)

Laboratory Informatics Market – By Component:

• Services
• Software

Laboratory Informatics Market – By Delivery Mode:

• On-premise
• Web-hosted
• Cloud-based

Laboratory Informatics Market – By Geography:

North America                                                 

• United States                                
• Canada                                          

Europe                                                                                              

• United Kingdom                                            
• Germany                                       
• France                                           
• Italy                                
• Spain                                             

Asia-Pacific                                                      

• China                                             
• India                                              
• Japan                                             
• South Korea                                  

Latin America                                                                              

• Brazil                                             
• Argentina                                      
• Mexico                                          

Middle-East & Africa                                                       

• Middle-East
• Africa