The rise of the global lab informatics market is attributable to
both, the increasing rate of diagnoses and soaring technological
advancements that have introduced improved tools. Furthermore, the
widening application of lab informatics solutions in industries such
as the food and beverage, chemical, research and development, life
sciences, and contract research is expected to have a positive impact
on the global market. The phenomenal accuracy and efficiency of
results offered by the systems available in the global lab
informatics market are projected to benefit growth prospects in the
coming years.
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Transparency Market Research has compiled a thorough research report
that discusses the global lab informatics market in complete detail.
The research report highlights the market drivers, opportunities,
threats, and weaknesses impacting the overall market. Furthermore,
the document also includes SWOT analysis and Porter’s five forces
analysis that gives a granular view of the ever-changing market
dynamics. The publication is aimed at guiding its readers to
formulate strategic, profitable, and well-informed decisions to
further their businesses.
The global market offers products such as laboratory information
management systems (LIMS), electronic lab notebooks (ELN), scientific
data management systems, enterprise content management (ECM), and
chromatography data systems. The report indicates that LIMS is
expected to lead the global market in the coming years as the system
truly offers a wide range of features such as sample lifecycle,
reporting, security and system administration, stability study,
instrument, schedule, and analytic workflow. These features have
definitely brought in value to the product, which has translated into
effective delivery of results.
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Integration of IT in lab informatics has augmented the demand for
cloud-based services in the global market over the past few years.
The ease of real-time data entry and remote access have won
cloud-based delivery mode a significant consumer base. It’s most
likely that this segment will lead the global market leaving behind
the on-premise delivery mode segment.
Currently, the global lab informatics market is divided into regions
such as Asia Pacific, Europe, North America, the Middle East and
Africa, and Latin America. The report indicates that North America
will dominate the global market in the coming years. The indomitable
stance of this regional market will be due to the strong presence of
the leading giants in North America, higher level of awareness about
diseases and diagnosing them, and well-equipped end users for LIMS.
It has been observed that increasing funding for research and
development activities in the pharmaceutical and biotech industry of
North America is also projected to boost the market in the coming
years.
Currently, Asia Pacific is also presenting the lab informatics market
with incredible growth opportunities. The region’s increasing need
to improve its research and development facilities, emerging
economies with flourishing industry, and several unmet medical needs
are expected to favor Asia Pacific lab informatics market in the near
future.
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Some of the leading players in the global lab informatics market are
Thermo Fisher Scientific, Inc., LabVantage Solutions, Inc., LabWare,
Inc., LLC, Core Informatics, LabLynx, Inc., Abbott Informatics,
PerkinElmer, Inc., ID Business Solutions Ltd., Waters Corporation,
and Agilent Technologies, Inc. These players are fervently focused
on advancing their research laboratories with the best of technical
knowledge, IT integration, and affordable pricing to lure in larger
consumer bases.
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