Laboratory Informatics Market Study by Pharmaceutical, Biotechnology, Chemical, Agriculture, Petrochemical Usages to 2024 – Projected to Reach US$ 3.8 Billion Growing at 7.5% CAGR

Laboratory Informatics Market Study by Pharmaceutical, Biotechnology, Chemical, Agriculture, Petrochemical Usages to 2024 – Projected to Reach US$ 3.8 Billion Growing at 7.5% CAGR

Study estimates laboratory informatics market for 2019 & projects its demand till 2024. This laboratory informatics market research study involved extensive use of secondary sources; directories; databases such as Hoovers, Bloomberg Business, Factiva, and OneSource; white papers; annual reports; company house documents; & SEC filings of companies.

Laboratory informatics market for life science industries segmented into pharmaceutical and biotechnology companies, bio banks and bio repositories, molecular diagnostics & clinical research laboratories, contract services organizations (CROs and CMOs), & academic research institutes. In 2017, pharmaceutical and biotechnology companies are expected to account for largest market share of market.

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The global laboratory informatics market is estimated to reach USD 3.8 billion by 2024 from USD 2.6 billion in 2019, at 7.5% CAGR. The need for lab automation, technological advancements, rising pressure to comply with regulatory standards, and growing demand in bio banks/bio repositories, academic research institutes, and CROs are major factors driving the growth of the laboratory informatics market.

“Increasing need for laboratory automation and growing demand in biobanks/bio repositories are expected to drive the overall growth of the global laboratory informatics market.”

The laboratory informatics market, by component segmented into services & software. In 2019, services are expected to account for largest market share & are expected to witness high growth during forecast period. Growth in this segment can be attributed to technological advancements in solution offerings by various vendors, increasing adoption of cloud-based solutions, growing need for consulting services, and the recurring nature of services.

Laboratory Informatics Market by Lab Automation, CROs, Biomedical Research and Personalized Medicine Analysis of Thermo Fisher Scientific, Inc. (US), LabWare (US), LabVantage Solutions, Inc. (US) and Abbott Informatics (US). Secondary research was mainly used to identify & collect information useful for the extensive, technical, market-oriented, & commercial study of global market.

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The global laboratory informatics market, by component is segmented into services and software. In 2019, services are expected to account for the largest market share and are expected to witness high growth during the forecast period. Growth in this segment can be attributed to the technological advancements in solution offerings by various vendors, increasing adoption of cloud-based solutions, growing need for consulting services, and the recurring nature of services.

The primary interviews conducted for this report can be categorized as follows:

  • By Company Type: Tier 1 (32%), Tier 2 (44%), and Tier 3(24%)
  • By Designation: C-level (30%), D-level (34%), and Others (36%)
  • By Region: North America (40%), Europe (28%), Asia (20%), and RoW (12%)

Thermo Fisher Scientific, Inc. (US), LabWare (US), LabVantage Solutions, Inc. (US), Abbott Informatics (US), Waters (US), Agilent Technologies (US), IDBS (UK), PerkinElmer Inc. (US), Autoscribe Informatics (UK), Arxspan LLC (US), Dassault Systèmes (France), RURO Inc. (US), Kinematik (Ireland), LabLynx, Inc. (US), and LABWORKS (US) are prominent players in the global laboratory informatics market.

Download Complete Report with Discount Now on “Laboratory Informatics Market by Solution (CDS, ELN, EDC, LES, ECM, LIMS, SDMS), Component (Software, Services), Delivery (On-Premise, Cloud, Hosted), Industry (CRO, CMO, Pharmaceutical, Biotechnology, Chemical, Agriculture, Oil) – Global Forecast to 2022” at https://www.reportsnreports.com/contacts/discount.aspx?name=1176387 .

Research Coverage:

This report provides a picture of the global laboratory informatics market. It aims at estimating the size and future growth potential of the market across different segments, such as type of solution, component, deployment model, industry, and region. The report also includes an in-depth competitive analysis of the key market players, along with their company profiles, recent developments, and key market strategies.

Key Benefits of Buying the Report:

The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the overall laboratory informatics market and its sub segments. This report will also help stakeholders better understand the competitive landscape and gain more insights to better position their business and make suitable go-to-market strategies.

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