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MarketsandMarkets

Lab Informatics Market- Forecasts to 2021

$5,650.00

Report Published By: MarketsandMarkets
Publication Date : Aug-16
No. Of Pages: 227

The global laboratory informatics market is expected to reach USD 2.97 billion by 2021 from an estimated value of USD 2.20 billion in 2016, growing at a CAGR of 6.2% during the forecast period. This market is categorized on the basis of product type, deployment model, component, industry, and region.
Major factors contributing to the growth of the global laboratory informatics market include increasing need for laboratory automation, technological advancements, increasing availability of cost-effective informatics solutions, rising pressure to comply with regulatory requirements, and 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.
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.
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 solutions in this country. 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. 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.
The report provides market share analysis and competitive landscape insights that cover the growth strategies adopted by industry players in the last three years. The company profiles comprise basic views on the 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.
Reasons to Buy the Report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms garner greater market shares. Firms purchasing the report can use any one or a combination of the below-mentioned five strategies for strengthening their market shares.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on the product portfolios of top players in the laboratory informatics market. The report analyzes this market by product type, component, deployment model, industry, and region
• Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the laboratory informatics market
• Competitive Assessment: In-depth assessment of market strategies, geographical and business segments, and product portfolios of the leading players in the laboratory informatics market
• Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the market for laboratory informatics across regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the laboratory informatics market

TABLE OF CONTENTS

1 INTRODUCTION 19
1.1 OBJECTIVES OF THE STUDY 19
1.2 MARKET DEFINITION 19
1.3 MARKET SCOPE 20
1.3.1 MARKETS COVERED 20
1.3.2 YEARS CONSIDERED FOR THE STUDY 21
1.4 CURRENCY 22
1.5 LIMITATIONS 22
1.6 MARKET STAKEHOLDERS 22
2 RESEARCH METHODOLOGY 23
2.1 MARKET SIZE ESTIMATION 24
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 27
2.3 KEY DATA FROM SECONDARY SOURCES 28
2.4 KEY DATA FROM PRIMARY SOURCES 29
2.5 ASSUMPTIONS FOR THE STUDY 30
3 EXECUTIVE SUMMARY 31
4 PREMIUM INSIGHTS 37
4.1 LABORATORY INFORMATICS MARKET OVERVIEW 37
4.2 LABORATORY INFORMATICS MARKET, BY PRODUCT TYPE 38
4.3 LABORATORY INFORMATICS MARKET, BY COMPONENT 38
4.4 LABORATORY INFORMATICS MARKET, BY DEPLOYMENT MODEL 39
4.5 LABORATORY INFORMATICS MARKET, BY INDUSTRY 40
4.6 LABORATORY INFORMATICS MARKET: GEOGRAPHIC SNAPSHOT 41
5 MARKET OVERVIEW 42
5.1 INTRODUCTION 43
5.2 MARKET SEGMENTATION 43
5.2.1 LABORATORY INFORMATICS MARKET, BY REGION 44
5.3 MARKET DYNAMICS 45
5.3.1 MARKET DRIVERS 46
5.3.1.1 Increasing need for laboratory automation 46
5.3.1.2 Technological advancements 46
5.3.1.3 Decreasing cost of laboratory informatics solutions 47
5.3.1.4 Rising pressure to comply with regulatory requirements 47
5.3.1.5 Growing adoption in biobanks/biorepositories, academic research institutes, and contract service organizations 47
5.3.2 MARKET RESTRAINTS 48
5.3.2.1 Lack of integration standards for laboratory informatics 48
5.3.2.2 Dearth of trained professionals 48
5.3.3 MARKET OPPORTUNITIES 49
5.3.3.1 Cloud-based laboratory informatics offer growth opportunities 49
5.3.3.2 Significant growth potential in emerging countries 49
5.3.4 MARKET CHALLENGE 50
5.3.4.1 Interfacing challenges with laboratory instruments 50
5.4 PORTER’S FIVE FORCES ANALYSIS 51
5.4.1 THREAT OF NEW ENTRANTS 51
5.4.2 THREAT OF SUBSTITUTES 52
5.4.3 BARGAINING POWER OF SUPPLIERS 52
5.4.4 BARGAINING POWER OF BUYERS 52
5.4.5 INTENSITY OF COMPETITIVE RIVALRY 52
6 LABORATORY INFORMATICS MARKET, BY PRODUCT TYPE 54
6.1 INTRODUCTION 55
6.2 LABORATORY INFORMATION MANAGEMENT SYSTEMS (LIMS) 57
6.3 ELECTRONIC LAB NOTEBOOKS (ELN) 61
6.4 CHROMATOGRAPHY DATA SYSTEMS (CDS) 64
6.5 ELECTRONIC DATA CAPTURE (EDC) & CLINICAL DATA MANAGEMENT SYSTEMS (CDMS) 67
6.6 LABORATORY EXECUTION SYSTEMS (LES) 70
6.7 ENTERPRISE CONTENT MANAGEMENT (ECM) 73
6.8 SCIENTIFIC DATA MANAGEMENT SYSTEMS (SDMS) 76
7 LABORATORY INFORMATICS MARKET, BY COMPONENT 80
7.1 INTRODUCTION 81
7.2 SERVICES 82
7.3 SOFTWARE 85
8 LABORATORY INFORMATICS MARKET, BY DEPLOYMENT MODEL 88
8.1 INTRODUCTION 89
8.2 ON-PREMISE MODEL 90
8.3 CLOUD-BASED MODEL 93
8.4 REMOTELY HOSTED 96

9 LABORATORY INFORMATICS MARKET, BY INDUSTRY 99
9.1 INTRODUCTION 100
9.2 LIFE SCIENCES INDUSTRY 102
9.2.1 PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES 106
9.2.2 BIOBANKS & BIOREPOSITORIES 109
9.2.3 MOLECULAR DIAGNOSTICS (MDX) & CLINICAL RESEARCH LABORATORIES 111
9.2.4 CONTRACT SERVICE ORGANIZATIONS(CROS & CMOS) 114
9.2.5 ACADEMIC RESEARCH INSTITUTES 116
9.3 CHEMICAL INDUSTRY 119
9.4 FOOD & BEVERAGE AND AGRICULTURE INDUSTRIES 123
9.5 PETROCHEMICAL REFINERIES AND OIL & GAS INDUSTRY 125
9.6 ENVIRONMENTAL TESTING LABORATORIES 129
9.7 OTHER INDUSTRIES 131
10 LABORATORY INFORMATICS MARKET, BY REGION 134
10.1 INTRODUCTION 135
10.2 NORTH AMERICA 136
10.2.1 U.S. 141
10.2.2 CANADA 144
10.3 EUROPE 147
10.3.1 GERMANY 152
10.3.2 U.K. 155
10.3.3 FRANCE 158
10.3.4 REST OF EUROPE (ROE) 161
10.4 ASIA 164
10.4.1 JAPAN 169
10.4.2 CHINA 172
10.4.3 INDIA 175
10.4.4 REST OF ASIA 178
10.5 REST OF THE WORLD 181
11 COMPETITIVE LANDSCAPE 186
11.1 OVERVIEW 186
11.2 MARKET SHARE ANALYSIS 187
11.3 COMPETITIVE SITUATIONS AND TRENDS 189
11.3.1 NEW PRODUCT LAUNCHES & UPGRADES 189
11.3.2 PARTNERSHIPS, STRATEGIC ALLIANCES, AGREEMENTS, AND COLLABORATIONS 190
11.3.3 EXPANSIONS 191
11.3.4 ACQUISITIONS 191

12 COMPANY PROFILES 192
(Company at a Glance, Business Overview, Products Offered, Key Strategy, Recent Developments, SWOT Analysis & MNM View)*
12.1 INTRODUCTION 192
12.2 THERMO FISHER SCIENTIFIC, INC. 193
12.3 LABVANTAGE SOLUTIONS, INC. 196
12.4 LABWARE, INC. 198
12.5 ABBOTT INFORMATICS (A SUBSIDIARY OF ABBOTT LABORATORIES) 200
12.6 PERKINELMER, INC. 202
12.7 WATERS CORPORATION 205
12.8 AGILENT TECHNOLOGIES, INC. 207
12.9 ID BUSINESS SOLUTIONS LTD. 209
12.10 CORE INFORMATICS, LLC 211
12.11 LABLYNX, INC. 213
*Details on company at a glance, recent financials, Products offered, strategies & insights, & recent developments might not be captured in case of unlisted companies.
13 APPENDIX 214
13.1 INSIGHTS FROM INDUSTRY EXPERTS 214
13.2 DISCUSSION GUIDE 215
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 219
13.4 OTHER DEVELOPMENTS, BY COMPANY, 2013- JUNE 2016 221
13.5 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 223
13.6 AVAILABLE CUSTOMIZATIONS 224
13.7 RELATED REPORTS 225

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