United States Laboratory Informatics Market Research Report 2018 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 7, 2018--The “U.S. Laboratory Informatics Market Analysis Report By Product (LIMS, ELN, ECM) By Delivery Mode (Cloud Based, Web Hosted, On Premise) By Component, by End Use, And Segment Forecasts, 2018 - 2025” report has been added to ResearchAndMarkets.com’s offering.
The U.S. laboratory informatics market size is expected to reach USD 1.45 billion by 2025, progressing at a CAGR of 4.9% during the forecast period.
Rising demand for lab automation and information management activities owing to increasing amount of data generated by research laboratories is one of the primary growth stimulants for the market.
Laboratories are important to both research and manufacturing companies in the healthcare industry. A large amount of data is generated in these labs, which is impossible to capture, collect, store, and analyze manually. This is creating insurmountable obstacles for data management processes and conventional documentation requirements, especially in regulated environments, such as the life sciences sector.
Most laboratories manage information by combining manual & automatic methods and process it by using independent non-integrated data-processing systems. Use of isolated systems in laboratories hamper timely data transfer across information management systems, leading to unexpected delays and additional costs. Additionally, manual transfer methods increase likelihood of errors/loss leading to added QA controls and high number of manual transcription steps result in decreased efficiency and longer throughput time.
Seamless flow of information from raw data to reusable knowledge is managed by a combination of various informatics systems. In a laboratory, deployment of these informatics systems is highly dependent on environment (such as discovery, development, or manufacturing) and scientific domain (such as biology, chemistry, among others).
Application of an informatics system in drug discovery is different from how it is used in clinical and manufacturing domains. Overall focus of laboratory informatics is efficiency improvement with respect to paperless information management, regulatory compliance, information quality, and labor cost. The aforementioned benefits are expected to augment the market over the forecast period.
Key Topics Covered:
Chapter 1 Research Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Market Variables, Trends& Scope
Chapter 4 U.S. Laboratory Informatics Market: Product Estimates & Trend Analysis
Chapter 5 U.S. Laboratory Informatics Market: Delivery Mode Estimates & Trend Analysis
Chapter 6 U.S. Laboratory Informatics Market: Component Estimates & Trend Analysis
Chapter 7 U.S. Laboratory Informatics Market: End-use Estimates & Trend Analysis
Chapter 8 Competitive LandscapeThermo Fisher Scientific Inc. LabWare Core Informatics Abbott Laboratories LabVantage Solutions, Inc. LabLynx, Inc. PerkinElmer, Inc. Waters Agilent Technologies IDBS McKesson Corporation Cerner Corporation
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Related Topics:Hospital Information Systems
KEYWORD: UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT HEALTH PHARMACEUTICAL RESEARCH SCIENCE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/07/2018 09:03 AM/DISC: 11/07/2018 09:34 AM