Laboratory informatics is defined as the
specialized application of information technology to optimize and extend
laboratory operations through a platform of instruments, software, and
data management tools. This allows scientific data to be captured,
migrated, processed, and interpreted for immediate use, as well as
stored, managed, and shared to support future research, development, and
lab testing efforts, while maximizing the efficiency of laboratory
operations. Rising with the tide of informatics in general, laboratory
informatics is one of the fastest growing areas of laboratory-related
technology. Information management continues to be important, laboratory
informatics tends to focus on the technology associated with
information management process.
A rapid series of technological developments have made laboratory
equipment less static and more interactive, allowing large networks of
integrated lab devices, computers, and telecommunications equipment to
log, analyze, and distribute data. This has progressively enabled
scientific research projects to move from a localized model to a global
one, allowing researchers to spend less time collecting data or waiting
for information to arrive from another location. This has helped them
focus more on the work at hand and makes their research both faster and
more efficient. This has led laboratories requiring more robust and
scalable data management systems to stay competitive.
Increasing integration of laboratory automation in contract
manufacturing and research organizations is anticipated to fuel the
growth of the global laboratory informatics market during the forecast
period. Moreover, the emergence of digitization and big data analytics
is also expected to drive the market. The ease of real-time data entry
and remote access have won cloud-based delivery mode a significant
consumer base. However, lack of integration standards and dearth of
trained professionals are a few factors expected to limit the growth of
the laboratory informatics market during the forecast period.
Improvement in technology, coupled with stringent regulatory needs and
increasing commercial pressures, has led to rapid generation of large
amount of data from various aspects, comprising research and
development, quality assurance, and manufacturing. Moreover, laboratory
information systems are gaining popularity in academic research
institutes, biobanks, and contract research organizations (CROs) owing
to the benefits associated with them, such as, process optimization,
reduced throughput time and paperless information management, improved
regulatory compliance and intellectual property rights protection,
decreased labor cost, improved data quality through the elimination of
errors and faster and effective data analytics.
The laboratory informatics market can be
categorized based on product type, deployment, end-user, and geography.
In terms of product type, the market can be segmented into laboratory
information management systems (LIMS), chromatography data systems
(CDS), electronic laboratory notebook (ELN), electronic data capture
(EDC) & clinical data management systems (CDMS), laboratory
execution system (LES), enterprise content management (ECM), and
scientific data management systems (SDMS). Based on deployment, the
laboratory informatics market can be classified into on-premise
solutions, cloud-based solutions, and web-based solutions. By end-user,
the market can be segmented into life sciences industry, food &
beverage and agriculture industries, chemical testing laboratories,
petrochemical and oil & gas industries, and others.
Geographically, the global laboratory informatics market can be
segmented into North America, Europe, Asia Pacific, Latin America, and
Middle East & Africa. North America is the leading laboratory
informatics market due to the policies supporting the deployment of
laboratory information systems and availability of infrastructure with
high digital literacy in the region. The laboratory informatics market
is expected to witness a steady growth in Europe. In Asia Pacific,
increasing number of CROs offering LIMS solutions in the region is
projected to fuel the growth of the laboratory informatics market.
Key players in the global laboratory
informatics market are Thermo Fisher Scientific, Inc., LabVantage
Solutions, Inc., LabWare, Inc., Core Informatics, LabLynx, Inc., Abbott
Informatics (Abbott Laboratories), PerkinElmer, Inc., ID Business
Solutions Ltd., Waters Corporation, and Agilent Technologies, Inc.,
among others.
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