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North America Laboratory Informatics Market Worth $1,715
Million By 2024
The North American laboratory informatics market is expected to grow at a
CAGR of 6.2% from 2018 to reach $1,715 million by 2024, driven by the growing
automation in laboratories, increasing digitalization of laboratory solutions,
increasing R&D activities, technological advancements, and rising pressure for
regulatory compliance. Moreover, rapid shift towards cloud-based laboratory
solutions; and growing demand from the biobanks/biorepositories, academic research
institutes, & contract research organizations (CROs) offer significant growth
opportunities for the market players during the forecast period. However, lack of
skilled professionals may hinder the market growth to some extent.
North America laboratory informatics market study presents historical market data in
terms of value (2016 and 2017), estimated current data (2018), and forecasts for 2024by product type (Laboratory Information Management System (LIMS), Electronic Lab
Notebook (ELN), Chromatography Data System (CDS), Electronic Data Capture
(EDC) & Clinical Data Management Systems (CDMS), Laboratory Execution Systems
(LES), Enterprise Content Management (ECM), and Scientific Data Management
System (SDMS)), mode of delivery (on-premise, cloud-based, and web-based),
component (services and software), end user (life sciences industry, chemical testing
laboratories, food & beverage and agriculture industries, petrochemical and oil & gas
industries, and others). The study also evaluates industry competitors and analyzes
the market at country level (U.S. and Canada).
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Laboratory information management system (LIMS) is increasingly being adopted by
the end users as these solutions meet broad range of scientific needs with their ability
to provide a suitable environment that is easy to use across multiple disciplines.
Moreover, technological advancements in LIMS, growing replacement of old legacy
LIMS with COTS LIMS, and growing application of LIMS in biobanking, academic
research institutes, and CROs contributes to the largest share and fastest growth of
LIMS market during the forecast period.
Life sciences industry is currently the leading adopter of laboratory informatics
solutions due to growing regulatory pressures to maintain data integrity, validity, and
security. Moreover, increasing need to improve lab productivity and cost efficiency and
trend towards automation is driving life sciences industries to invest in lab
informatics. However, chemical testing laboratories, academic research institutes,
CROs & CMOs, and food & beverage industries are expected to be in spotlight during
the forecast period.
Scope of the report
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Market by Product
Market by Mode of Delivery
Market by Component
Market by End User
Market by Geography
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This research report analyzes North American region including the U.S., and Canada.
The U.S. commanded the largest share in 2017 owing to the advanced laboratory
infrastructure, growing demand for integration of laboratory systems, growing
digitalization, rising government funding for research activities, easy availability of
laboratory informatics products and services, stringent regulatory requirements
across industries, and presence of several key players in this region improving product
availability.
The major players operating in the North American laboratory informatics market are
Abbott Informatics Corporation, Agilent Technologies, Inc., Arxspan, LLC, Autoscribe
Informatics, Dassault Systemes SE, GenoLogics (Illumina, Inc.), LabLynx, Inc.,
LabVantage Solutions, Inc., LabWare, Inc., Novatek International, PerkinElmer, Inc.,
Promium LLC, RURO, Inc., Sapio Sciences LLC, Thermo Fisher Scientific Inc., and
Waters Corporation, among others.
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