Increasing need for scientific data integration solutions and rising adoption of laboratory automation are driving the laboratory informatics market.
Vancouver, British Columbia, Jan. 06, 2021 (GLOBE NEWSWIRE) -- The global laboratory informatics market is projected to reach USD 3.87 Billion by 2027, according to a current analysis by Emergen Research. During the forecast period, the global laboratory informatics market is anticipated to expand at a steady pace. Growth of the market is attributable to the increasing need for scientific data integration solutions. Rising adoption of laboratory automation and rising emphasis of government agencies on the introduction of laboratory automation systems are other factors propelling the global laboratory informatics market.
On the other hand, the dearth of standards for integrating laboratory informatics solutions is likely to hinder the global laboratory informatics market during the forecast period.
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Key Highlights of Report
In April 2019, Cisbio Bioassays SAS was acquired by PerkinElmer, Inc. Addition of Cisbio's abilities to PerkinElmer would allow life science researchers to have exposure to analytical instruments that resolve a wide range of target forms and biological parameters for exploration of both small-molecule and pharmacological drugs.
During the forecast period, the software segment is expected to witness substantial growth at a CAGR of 6.7%, due to the advent of technologically advanced solutions, such as Software-as-a-Service, which provide laboratories with effective information management systems.
The on-premises segment is expected to witness substantial growth during the forecast period. On-premise deployments provide complete integrity of the information contained in a software to the organization. This factor is estimated to boost the segment in the near future.
During the forecast period, the electronic lab notebooks segment is anticipated to witness considerable growth. An electronic lab notebook replaces a paper-based laboratory notebook used for analytical data storage. These notebooks have a wide spectrum of applications across multiple healthcare facilities.
The contract research organizations segment is expected to experience growth at the highest rate during the forecast period, due to the growing trend of outsourcing. Increasing inclination of outsourcing organizations toward mitigation of medical costs boosts the segment.
During the forecast period, the Asia Pacific market is expected to witness growth at the most rapid pace. The market in the region is led by increased demand for the laboratory information technology in countries such as Japan and China, due to growing need to reduce operational expenses incurred for information management and research.
Key market participants include Agilent Technologies, Inc., Dassault Systèmes SE, LabLynx, Inc., Thermo Fisher Scientific, Inc., LabVantage Solutions, Inc., Cerner Corporation, McKesson Corporation, PerkinElmer, Inc., Accelerated Technology Laboratories, Inc., and Waters Corporation
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Emergen Research has segmented the global laboratory informatics market in terms of component, deployment, solution, end-use, and region.
Component Outlook (Revenue, USD Billion; 2017–2027)
Deployment Outlook (Revenue, USD Billion; 2017–2027)
Solution Outlook (Revenue, USD Billion; 2017–2027)
Electronic Lab Notebooks
Laboratory Information Management Systems
Scientific Data Management Systems
Electronic Data Capture
Laboratory Execution Systems
Clinical Data Management Systems
Enterprise Content Management
Chromatography Data Systems
End-use Outlook (Revenue, USD Billion; 2017–2027)
Contract Research Organizations
Environmental Testing Laboratories
Food & Beverage
Oil & Gas
Pharmaceutical & Biotechnology
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Regional Outlook (Revenue, USD Billion; 2017–2027)
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of MEA
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About Emergen Research
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