Triple your results with lab informatics market strategies
Posted on 14-January-2020
Triple your results with lab informatics market strategies
Lab informatics is one of the fastest-areas of laboratory related technology. The google introduces lab informatics as the technology specialized in application of information & technology aimed at optimizing and extending laboratory operations. It incorporates lab automation, laboratory networking, laboratory information management systems, data acquisition, data processing, instrument interfacing, specialized data management systems, specific data management, etc. Lab informatics has come up with the trend of informatics which is inflamed with commoditization.
The increasing need of lab informatics need to comply with the regulatory requirements. Demanding market trends, academic research institutes & CROs prove to be the major factors driving the growth of lab informatics market.
However, this technological growth has exceeded the knowledge of the ones who stand to gain most of it i.e the scientists & other end users in the lab field. Lack of integration standards, high maintenance & service cost are estimated to restrain the growth in upcoming years. This rift could be bridged by the specialists well-grounded in the lab informatics operations & developing proper market strategies. Below is the global market report on lab informatics to help you build relevant strategies.
- Market analysis
A detailed market survey have discovered that the laboratory informatics market may reach USD 3.8 billion by 2024 from USD 2.6 billion in 2019, at a CAGR of 7.5% during the forecast period.
- Segmentation
Based on the product type in global laboratory informatics market
- Laboratory Information Management Systems (LIMS)
- Electronic Lab Notebooks (ELN)
- Clinical Data Management Systems (CDMS)
- Scientific Data Management Systems (SDMS)
- Chromatography Data Systems (CDS)
- Laboratory Execution Systems (LES)
Based on component & deployment
- Software
- Services
- On premise
- Cloud based
- Remotely hosted
Based on geography
- North America
- South America
- Europe
- Asia-pacific
- Middle East & Africa
- Market competitors
Major competitors working for laboratory informatics operations are
- Thermo Fisher Scientific Inc. (US)
- Lab Vantage Solutions Inc. (US)
- Agilent Technologies Inc. (US)
- Abbott Laboratories (US)
- LabWare (US)
- PerkinEmler (US)
- Arxspan LLC (US)
- IDBS (UK)
- Autoscribe (Ireland)
- Dassault systems (France)
- Key developments
Following key developments helps to identify the known-strategies
- Abbott Informatics announced that launched of STARLIMS Solution which serves the life sciences industry in October 2018. Abbott Informatics provides solutions that have served customers around the world for more than 30 years in Laboratory Information Management Systems
- Thermo Fisher Scientific Inc. announced that Thermo Fisher’s acquired Gatan Inc. as a entirely owned subsidiary of Roper in December 2018. The work is cooperatively performed by both parties with the CMA through review process
- Researching competitive methodology
Various strategies like new product launches, agreements, expansions, joint ventures, acquisitions partnerships, etc are majorly used in laboratory informatics to increase the footmarks in the market. Therefore, the market data is analyzed by using market statistical & coherent models. Also, detailed study of market share analysis & key trend analysis helps in making proper strategic methods.
