Laboratory Informatics Market Size to Expand Significantly by the End of 2023

Industry Outlook and Trend Analysis:
The Laboratory Informatics Market was worth USD 1.97 billion in 2014 and is expected to reach approximately USD 3.51 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.63% during the forecast period.

Rising demand for laboratory automation is anticipated to boost the adoption in coming years. Information produced by labs has drastically ascended in recent decades attributable to rising innovative progressions in molecular genomics and genetic testing practices. Additionally, the switch of inclination toward personalized prescription, cancer genomics studies, and expanding requirement of patient engagement is anticipated to upsurge the interest for lab automation systems.

Competitive insights:
The leading players in the market are Labvantage, LabWare, Waters Corporation, PerkinElmer, Agilent Technologies, McKesson Corporation, Abbott, LabLynx, Core Informatics and Thermo Fisher Scientific. The market is exceptionally divided with numerous market players.

The Laboratory Informatics Market is segmented as follows-

By Product:
Electronic Lab Notebooks (ELN)
Laboratory Execution Systems (LES)
Chromatography Data Systems (CDS)
Laboratory Information Management Systems (LIMS)
Scientific Data Management Systems (SDMS)
Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
Enterprise Content Management (ECM)

By Delivery Mode:
Web-hosted
On-premise
Cloud-based

By Component:
Services
Software

By End User:
CROs
Food and Beverage and Agriculture Industries
Petrochemical Refineries & Oil and Gas Industry
Life Sciences
Chemical Industry
Environmental Testing Laboratories
Other Industries

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Table of Contents:
1.Introduction
2.Executive Summary
3.Market Overview
4.Market Analysis by Regions4.1.North America (United States, Canada and Mexico)
4.2.Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.3.Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.4.South America (Brazil, Argentina, Columbia and Rest of South America)
4.5.Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
5.Laboratory Informatics Market, By Product5.1.Introduction
5.2.Global Laboratory Informatics Sales, Revenue and Market Share by Product (2014-2017)
5.3.Laboratory Informatics Market Assessment and Forecast, By Product, 2014-2023
5.4.LIMS
5.5.ELN
5.6.SDMS
5.7.LES
5.8.EDS & CDMS
5.9.CDS
5.10.ECM
To be Continued...

Regional Outlook and Trend Analysis:
North America local market represented the biggest income share in 2016. The significant factors adding to the development of this district are the approaches supporting the sending of laboratory information systems and accessibility of foundation with high computerized proficiency. Also, the prospering healthcare cost combined with the heightening pressure to bend the cost curve brought about expanded appropriation of LIMS in this district.

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