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Laboratory Informatics Market - Global Industry Analysis

Laboratory Informatics Market - By Product (Laboratory Information Management System, Enterprise Content Management, Laboratory Execution System, Chromatography Data System, Scientific Data Management System, Electronic Data Capture, Clinical Data Management Systems, and Electronic Lab Notebooks), By End-Use Industry (Contract Research Organization, Pharmaceutical Firms, Biotech Firms, Oil & Gas Industry, Farming, and Chemical Industry), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028

Published Date: 02-Nov-2021 Category: Technology & Media Report Format : PDF Pages: 177 Report Code: ZMR-6814 Status : Published

The global Laboratory Informatics Market accrued earnings worth approximately 3.01 (USD Billion) in 2020 and is predicted to gain revenue of about 5.9 (USD Billion) by 2028, is set to record a CAGR of nearly 10.1% over the period from 2021 to 2028.

Description

The global Laboratory Informatics Market accrued earnings worth approximately 3.01 (USD Billion) in 2020 and is predicted to gain revenue of about 5.9 (USD Billion) by 2028, is set to record a CAGR of nearly 10.1% over the period from 2021 to 2028. The report offers assessment and analysis of the Laboratory Informatics Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Laboratory Informatics Market: Overview

Laboratory informatics is the use of computing & information tools for effectively handling information management activities in pathology labs. Need for proficiently handling huge volumes of lab data through use of various computing techniques has culminated into tremendous demand for laboratory informatics in recent years. The scenario of pathology solutions is changing drastically due to surging workloads, cost constraints, and technological breakthroughs. In view of this, laboratories are required to fulfill demand for information swapping with medical electronic record systems and these require use of smart information systems that can facilitate effective interaction between clinicians and lab information specialists. This is predicted to enlarge demand and scope of laboratory informatics. Informatics has gained paramount significance in lab medicine with former becoming most powerful tool in pathology for implementation of procedures that has resulted in improvement of pathological services. In context of the information depicted above, one can draw a brief sketch of laboratory informatics as the tool that aims in achieving seamless integration of lab data into overall clinical pathway. Reportedly, trends in healthcare informatics are reflected in present priorities of lab medicine such as information security, integrated electronic records, computerized order entry, and audit & recovery. This will proliferate lab informatics demand in near future.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Laboratory Informatics Market: Growth Drivers

Emergence of effective laboratory medicine service serving as information product and enabling clinicians in taking accurate decisions has resulted in successful outcome for patients. This, in turn, will augment growth of laboratory informatics industry. Easy availability of IT tools for fulfilling service requirements of pathological labs will drive laboratory informatics market trends. Need for improving lab to lab communications is projected to provide new growth avenues for laboratory informatics market in foreseeable future. Global nature of lab diagnostics business and issues pertaining to direct patient access to health records will embellish laboratory informatics market size. Large-scale use of advanced decision support systems & data mining activities in pathological labs for clinical test selection, down screening, validation of test results, image analysis, risk analysis, and clinical reporting will expand scope, penetration, and growth of laboratory informatics market.

Furthermore, laboratory IT tools have become a de facto prerequisite for improving lab operations and clinical services. This is based on observation that lab systems are most advanced tools used in any healthcare firm and they are apportioned highest importance in medical sector. This is the main reason as to why demand for laboratory informatics is gaining momentum across globe. All these aforementioned aspects are projected to profitably impact growth of laboratory informatics market. However, altering landscape of healthcare informatics with emergence of new electronic health record tools has posed a threat to expansion of pathology computing activities, thereby creating obstacles in path of laboratory informatics market surge.

Regional Insights

North American Market To Reach Number One Position In Terms of Growth in Size & Revenue By 2028

Emergence of laboratory informatics market in North America over upcoming years can be credited to large-scale deployment of lab information systems in countries such as the U.S. severely affected by COVID-19 pandemic. Rise in bio-banks and easy access to lab informatics products & services will steer expansion of laboratory informatics industry in North America. Well-established healthcare infrastructure & adoption of digital healthcare activities has also contributed immensely towards laboratory informatics market growth in region.

Competitive Insights

Some of the mammoth players have established a strong position & brand name in laboratory informatics market through their proficient & seamless service delivery and durable products. We have profiled them in our market research report and they are LabWare, Thermo Fisher Scientific, Inc., LabLynx, Inc., Core Informatics, PerkinElmer, Inc., Agilent Technologies, Waters Corporation, McKesson Corporation, ID Business Solutions Limited, LabVantage Solutions, Inc., and Abbott Informatics.

The global Laboratory Informatics Market is segmented as follows:

By Product

  • Electronic Lab Notebooks
  • Laboratory Information Management System
  • Enterprise Content Management
  • Laboratory Execution System
  • Chromatography Data System
  • Scientific Data Management System
  • Electronic Data Capture
  • Clinical Data Management Systems

By End-Use Industry

  • Contract Research Organization
  • Chemical Industry
  • Pharmaceutical Firms
  • Biotech Firms
  • Oil & Gas Industry
  • Farming

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Laboratory Informatics Market, 2018–2028(USD Billion)
    • 2.2. Laboratory Informatics Market: Snapshot
  • Chapter 3. Global Laboratory Informatics Market– Industry Analysis
    • 3.1. Laboratory Informatics Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Evulution of proficient laboratory medicine service serving as information product and facilitating clinicians in taking correct decisions has led to successful outcome for patients. This, in turn, will aid growth of laboratory informatics industry.
      • 3.2.2. Easy access to IT touls for fulfilling service requirements of pathulogical labs will prop up laboratory informatics market trends.
      • 3.3. . Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Product
      • 3.4.2. Market attractiveness analysis By End-Use Industry
  • Chapter 4. Global Laboratory Informatics Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Laboratory Informatics Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Laboratory Informatics Market– Product Analysis
    • 5.1. Global Orthopedic Soft Tissue Repair Market overview: By Product
      • 5.1.1. Global Orthopedic Soft Tissue Repair Market share, By Product, 2020 and 2028
    • 5.2. Electronic Lab Notebooks
      • 5.2.1. Global Orthopedic Soft Tissue Repair Marketby Electronic Lab Notebooks, 2018–2028(USD Billion)
    • 5.3. Laboratory Information Management System
      • 5.3.1. Global Orthopedic Soft Tissue Repair Market by Laboratory Information Management System, 2018–2028(USD Billion)
    • 5.4. Enterprise Content Management
      • 5.4.1. Global Orthopedic Soft Tissue Repair Market by Enterprise Content Management, 2018–2028(USD Billion)
    • 5.5. Laboratory Execution System
      • 5.5.1. Global Orthopedic Soft Tissue Repair Market by Laboratory Execution System, 2018–2028(USD Billion)
    • 5.6. Chromatography Data System
      • 5.6.1. Global Orthopedic Soft Tissue Repair Market by Chromatography Data System, 2018–2028(USD Billion)
    • 5.7. Scientific Data Management System
      • 5.7.1. Global Orthopedic Soft Tissue Repair Market by Scientific Data Management System, 2018–2028(USD Billion)
    • 5.8. Electronic Data Capture
      • 5.8.1. Global Orthopedic Soft Tissue Repair Market by Electronic Data Capture, 2018–2028(USD Billion)
    • 5.9. Clinical Data Management Systems
      • 5.9.1. Global Orthopedic Soft Tissue Repair Market by Clinical Data Management Systems, 2018–2028(USD Billion)
  • Chapter 6. Global Orthopedic Soft Tissue Repair Market overview: By End-Use Industry
    • 6.1. Global Orthopedic Soft Tissue Repair Marketshare, By End-Use Industry, 2020 and 2028
    • 6.2. Contract Research Organization
      • 6.2.1. Global Orthopedic Soft Tissue Repair Marketby Contract Research Organization , 2018–2028(USD Billion)
    • 6.3. Chemical Industry
      • 6.3.1. Global Orthopedic Soft Tissue Repair Marketby Chemical Industry, 2018–2028(USD Billion)
    • 6.4. Pharmaceutical Firms
      • 6.4.1. Global Orthopedic Soft Tissue Repair Marketby Pharmaceutical Firms, 2018–2028(USD Billion)
    • 6.5. Biotech Firms
      • 6.5.1. Global Orthopedic Soft Tissue Repair Marketby Biotech Firms, 2018–2028(USD Billion)
    • 6.6. Oil & Gas Industry
      • 6.6.1. Global Orthopedic Soft Tissue Repair Marketby Oil & Gas Industry, 2018–2028(USD Billion)
    • 6.7. Farming
      • 6.7.1. Global Orthopedic Soft Tissue Repair Marketby Farming, 2018–2028(USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. LabWare
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfulio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Thermo Fisher Scientific, Inc.
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfulio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. LabLynx, Inc.
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfulio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Development
    • 7.4. Core Informatics
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfulio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Development
    • 7.5. PerkinElmer, Inc.
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product Portfulio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. Agilent Technulogies
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product Portfulio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. Waters Corporation
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product Portfulio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development
    • 7.8. McKesson Corporation
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product Portfulio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Development
    • 7.9. Abbott Informatics
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product Portfulio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Development
    • 7.10. LabVantage Sulutions, Inc.
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Product Portfulio
      • 7.10.4. Business Strategy
      • 7.10.5. Recent Development
    • 7.11. ID Business Sulutions Limited
      • 7.11.1. Overview
      • 7.11.2. Financials
      • 7.11.3. Product Portfulio
      • 7.11.4. Business Strategy
      • 7.11.5. Recent Development

List of Figures

1. Market research Type
2. Market research methodology
3. Global Laboratory Informatics Market, 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Laboratory Informatics Marketattractiveness, By Product
6. Global Laboratory Informatics Marketattractiveness, By End-Use Industry
7. Global Laboratory Informatics Marketshare by Product ,2020 and 2028 (USD Billion)
8. Global Laboratory Informatics Marketby Electronic Lab Notebooks, 2018–2028(USD Billion)
9. Global Laboratory Informatics Marketby Laboratory Information Management System, 2018–2028(USD Billion)
10. Global Laboratory Informatics Marketby Enterprise Content Management, 2018–2028(USD Billion)
11. Global Laboratory Informatics Marketby Laboratory Execution System, 2018–2028(USD Billion)
12. Global Laboratory Informatics Marketby Chromatography Data System, 2018–2028(USD Billion)
13. Global Laboratory Informatics Marketby Scientific Data Management System,  2018–2028(USD Billion)
14. Global Laboratory Informatics Marketby Electronic Data Capture, 2018–2028(USD Billion)
15. Global Laboratory Informatics Marketby Clinical Data Management Systems,   2018–2028(USD Billion)
16. Global Laboratory Informatics Marketshare by End-Use Industry,2020 and 2028 (USD Billion)
17. Global Laboratory Informatics Marketby Contract Research Organization,  2018–2028(USD Billion)
18. Global Laboratory Informatics Marketby Chemical Industry, 2018–2028(USD Billion)
19. Global Laboratory Informatics Marketby Pharmaceutical Firms, 2018–2028(USD Billion)
20. Global Laboratory Informatics Marketby Biotech Firms, 2018–2028(USD Billion)
21. Global Laboratory Informatics Marketby Oil & Gas Industry, 2018–2028(USD Billion)
22. Global Laboratory Informatics Marketby Farming, 2018–2028(USD Billion)
23. Global Laboratory Informatics Marketshare, by Region, 2020 and 2028
24. North America Laboratory Informatics Market, 2018–2028(USD Billion)
25. Europe Laboratory Informatics Market, 2018–2028(USD Billion)
26. Asia Pacific Laboratory Informatics Market, 2018–2028(USD Billion)
27. Latin America Laboratory Informatics Market, 2018–2028(USD Billion)
28. The Middle East and Africa Laboratory Informatics Market, 2018–2028(USD Billion)


List of Tables

1. Global Laboratory Informatics Market: snapshot
2. Drivers of the Laboratory Informatics Market: impact analysis
3. North America Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
4. North America Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
5. The U.S. Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
6. The U.S. Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
7. Rest of North America Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
8. Rest of North America Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
9. Europe Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
10. Europe Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
11. UK Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
12. UK Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
13. France Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
14. France Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
15. Germany Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
16. Germany Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
17. Rest of Europe Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
18. Rest of Europe Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
19. Asia Pacific Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
20. Asia Pacific Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
21. China Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
22. China Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
23. Japan Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
24. Japan Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
25. India Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
26. India Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
27. Rest of Asia Pacific Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
28. Rest of Asia Pacific Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
29. Latin America Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
30. Latin America Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
31. Brazil Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
32. Brazil Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
33. Rest of Latin America Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
34. Rest of Latin  America Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
35. The Middle East and Africa Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
36. The Middle East and Africa Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
37. Saudi Arabia Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
38. Saudi Arabia Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
39. South Africa Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
40. South Africa Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)
41. Rest of the Middle East & Africa Orthopedic Soft Tissue Repair  Marketrevenue, By Product  ,2018–2028(USD Billion)
42. Rest of the Middle East & Africa Orthopedic Soft Tissue Repair  Marketrevenue, By End-Use Industry,2018–2028(USD Billion)


 
 

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FrequentlyAsked Questions

Emergence of effective laboratory medicine service serving as information product and enabling clinicians in taking accurate decisions has resulted in successful outcome for patients. This, in turn, will amplify growth of laboratory informatics industry. Easy availability of IT tools for fulfilling service requirements of pathological labs will drive laboratory informatics market trends. Requirement of enhancing lab to lab communications is projected to provide new growth avenues for laboratory informatics market in foreseeable future. Global nature of lab diagnostics business and issues pertaining to direct patient access to health records will embellish laboratory informatics market size. Large-scale use of advanced decision support systems & data mining activities in pathological labs for clinical test selection, down screening, validation of test results, image analysis, risk analysis, and clinical reporting will expand scope, penetration, and growth of laboratory informatics market.

According to Zion market research report, the global Laboratory Informatics Market accrued earnings worth approximately 3.01 (USD Billion) in 2020 and is predicted to gain revenue of about 5.9 (USD Billion) by 2028, is set to record a CAGR of nearly 10.1% over the period from 2021 to 2028.

North America will contribute lucratively towards the regional market size over the estimated timeline. The regional market surge is subject to large-scale deployment of lab information systems in countries such as the U.S. severely affected by COVID-19 pandemic. Rise in bio-banks and easy access to lab informatics products & services will steer expansion of laboratory informatics industry in North America. Well-established healthcare infrastructure & adoption of digital healthcare activities has also contributed immensely towards laboratory informatics market growth in region.

The key market participants include LabWare, Thermo Fisher Scientific, Inc., LabLynx, Inc., Core Informatics, PerkinElmer, Inc., Agilent Technologies, Waters Corporation, McKesson Corporation, ID Business Solutions Limited, LabVantage Solutions, Inc., and Abbott Informatics.    

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