Press Release

New study provides key statistics on laboratory informatics market status of Health Care manufacturers & a valuable source of guidance & direction for companies & individuals interested in. Report provides a basic overview of industry including its definition, applications, manufacturing technology.

Report estimates 2019-2023 market development trends of Laboratory Informatics industry. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Health Care Laboratory Informatics Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2019-2023 global and Chinese Health Care Laboratory Informatics industry covering all important parameters.

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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.”

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. Secondary research was mainly used to identify & collect information useful for the extensive, technical, market-oriented, & commercial study of global market.

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, 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%)

Prominent players in laboratory informatics market are 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

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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.