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

Published: Aug, 2018 | Pages: 100 | Publisher: Grand View Research
Industry: Healthcare | Report Format: Electronic (PDF)

The U.S. laboratory informatics market size is expected to reach USD 1.45 billion by 2025, according to a new report by Grand View Research, Inc., 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.

Further key findings from the study suggest: 

• The LIMS segment held the substantial share of approximately 42.0% based on product in 2017, owing to rising adoption of LIMS solutions by biobanks coupled with increasing demand for integrated healthcare solutions

• The cloud-based solutions segment is expected to register a CAGR of 5.5% over the forecast period owing to advantages over on premise and web-based solutions

• Services held the largest share in the market on the basis of component in 2017 due to increasing trend of outsourcing by life science companies

• On the basis of end use, the life science segment was the leading revenue contributor in the market in 2017 owing to rising adoption of laboratory informatics systems

• CROs are expected to exhibit a CAGR of 5.6% over the forecast period owing to growing number of CROs.

 Table of Contents

Chapter 1 Research Methodology & Scope
                   1.1 U.S. Market Calculation
                       1.1.1 U.S. Market: Base Estimates
                       1.1.2 U.S. Market: CAGR Calculation
                   1.2 Country based segment share calculation
                   1.3 List of Secondary Sources
Chapter 2 Executive Summary
                   2.1 Market Summary
Chapter 3 Market Variables, Trends& Scope
                   3.1 Market Segmentation & Scope
                   3.2 Market Driver Analysis
                       3.2.1 Rising demand for lab automation activities
                       3.2.2 Increasing adoption of lab informatics by biobanks/biorepositories, academic research institutes, and contract service organizations
                       3.2.3 Increasing burden from regulatory authorities
                       3.2.4 Introduction of technologically advanced software services
                   3.3 Market Restraint Analysis
                       3.3.1 Lack of integration standards for laboratory informatics
                   3.4 Penetration & Growth Prospect Mapping
                   3.5 U.S. Laboratory Informatics -SWOT Analysis, By Factor (political & legal, economic and technological)
                   3.6 Industry Analysis - Porter's
                   3.7 Target Audience
                       3.7.1 List of key buyers
                       3.7.2 Buyers preference analysis
                       3.7.3 Potential Target Audience (over the forecast period)
                   3.8 Changing technology & their adoption
                       3.8.1 Product wise timeline with major technological changes over the last 5 years and coming 8 years
                           3.8.1.1 Laboratory Information Management Systems (LIMS)
                           3.8.1.2 Electronic Lab Notebooks (ELN)
                           3.8.1.3 Scientific Data Management Systems (SDMS)
                           3.8.1.4 Laboratory Execution Systems (LES)
                           3.8.1.5 Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
                           3.8.1.6 Chromatography Data Systems (CDS)
                           3.8.1.7 Enterprise Content Management (ECM)
                       3.8.2 Adoption rate of the changing technologies
                   3.9 Top products with maximum demand
                       3.9.1 Heat Map Analysis
                   3.10 Pipeline product analysis
Chapter 4 U.S. Laboratory Informatics Market: Product Estimates & Trend Analysis
                   4.1 U.S. Laboratory Informatics Market: Product Movement Analysis
                   4.2 Laboratory Information Management Systems (LIMS)
                       4.2.1 LIMS market, 2014 - 2025 (USD Million)
                   4.3 Electronic Lab Notebooks (ELN)
                       4.3.1 ELN market, 2014 - 2025 (USD Million)
                   4.4 Scientific Data Management Systems (SDMS)
                       4.4.1 SDMS market, 2014 - 2025 (USD Million)
                   4.5 Laboratory Execution Systems (LES)
                       4.5.1 LES market, 2014 - 2025 (USD Million)
                   4.6 Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
                       4.6.1 EDC & CDMS market, 2014 - 2025 (USD Million)
                   4.7 Chromatography Data Systems (CDS)
                       4.7.1 CDS market, 2014 - 2025 (USD Million)
                   4.8 Enterprise Content Management (ECM)
                       4.8.1 ECM market, 2014 - 2025 (USD Million)
Chapter 5 U.S. Laboratory Informatics Market: Delivery Mode Estimates & Trend Analysis
                   5.1 U.S. Laboratory Informatics Market: Delivery Mode Movement Analysis
                   5.2 On premise
                       5.2.1 On premise market, 2014 - 2025 (USD Million)
                   5.3 Web hosted
                       5.3.1 Web hosted market, 2014 - 2025 (USD Million)
                   5.4 Cloud-based
                       5.4.1 Cloud-based market, 2014 - 2025 (USD Million)
Chapter 6 U.S. Laboratory Informatics Market: Component Estimates & Trend Analysis
                   6.1 U.S. Laboratory Informatics Market: Component Movement Analysis
                   6.2 Software
                       6.2.1 Software market, 2014 - 2025 (USD Million)
                   6.3 Services
                       6.3.1 Services market, 2014 - 2025 (USD Million)
Chapter 7 U.S. Laboratory Informatics Market: End-use Estimates & Trend Analysis
                   7.1 U.S. Laboratory Informatics Market: End-use Movement Analysis
                   7.2 Life Science Companies
                       7.2.1 Life science companies market, 2014 - 2025 (USD Million)
                   7.3 CROs
                       7.3.1 CROs market, 2014 - 2025 (USD Million)
                   7.4 Petrochemical Refineries & Oil and Gas Industry
                       7.4.1 Petrochemical refineries & oil and gas industry market, 2014 - 2025 (USD Million)
                   7.5 Chemical Industry
                       7.5.1 Chemical industry market, 2014 - 2025 (USD Million)
                   7.6 Food and Beverage& Agriculture Industries
                       7.6.1 Food and beverage &agriculture industries market, 2014 - 2025 (USD Million)
                   7.7 Environmental Testing Laboratories
                       7.7.1 Environmental testing laboratories market, 2014 - 2025 (USD Million)
                   7.8 Others
                       7.8.1 Others market, 2014 - 2025 (USD Million)
                   7.9 Heat map with region wise demand analysis
Chapter 8 Competitive Landscape
                   8.1 Strategy Framework
                   8.2 Market Participation Categorization
                   8.3 Company Profiles
                       8.3.1 Thermo Fisher Scientific Inc.
                           8.3.1.1 Company overview
                           8.3.1.2 Financial performance
                           8.3.1.3 Product benchmarking
                           8.3.1.4 Geographic foothold
                           8.3.1.5 Strategic initiatives
                       8.3.2 LabWare
                           8.3.2.1 Company overview
                           8.3.2.2 Product benchmarking
                           8.3.2.3 Geographical foothold
                           8.3.2.4 Strategic initiatives
                       8.3.3 Core Informatics
                           8.3.3.1 Company overview
                           8.3.3.2 Product benchmarking
                           8.3.3.3 Strategic initiatives
                       8.3.4 Abbott Laboratories
                           8.3.4.1 Company overview
                           8.3.4.2 Financial performance
                           8.3.4.3 Platform benchmarking
                           8.3.4.4 Geographic foothold
                           8.3.4.5 Strategic initiatives
                       8.3.5 LabVantage Solutions, Inc.
                           8.3.5.1 Company overview
                           8.3.5.2 Product benchmarking
                           8.3.5.3 Geographic foothold
                           8.3.5.4 Strategic initiatives
                       8.3.6 LabLynx, Inc.
                           8.3.6.1 Company overview
                           8.3.6.2 Product benchmarking
                       8.3.7 PerkinElmer, Inc.
                           8.3.7.1 Company overview
                           8.3.7.2 Financial performance
                           8.3.7.3 Product benchmarking
                           8.3.7.4 Geographic foothold
                           8.3.7.5 Strategic initiatives
                       8.3.8 Waters
                           8.3.8.1 Company overview
                           8.3.8.2 Financial performance
                           8.3.8.3 Product benchmarking
                           8.3.8.4 Geographic foothold
                           8.3.8.5 Strategic initiatives
                       8.3.9 Agilent Technologies
                           8.3.9.1 Company overview
                           8.3.9.2 Financial Performance
                           8.3.9.3 Product benchmarking
                           8.3.9.4 Geographic foothold
                           8.3.9.5 Strategic initiatives
                       8.3.10 IDBS
                           8.3.10.1 Company overview
                           8.3.10.2 Financial Performance
                           8.3.10.3 Product benchmarking
                           8.3.10.4 Geographic foothold
                           8.3.10.5 Strategic initiatives
                       8.3.11 McKesson Corporation
                           8.3.11.1 Company overview
                           8.3.11.2 Financial performance
                           8.3.11.3 Product Benchmarking
                           8.3.11.4 Geographic foothold
                           8.3.11.5 Strategic initiatives
                       8.3.12 Cerner Corporation
                           8.3.12.1 Company overview
                           8.3.12.2 Financial performance
                           8.3.12.3 Product benchmarking
                           8.3.12.4 Geographic foothold
                           8.3.12.5 Strategic initiatives

List of Tables

TABLE 1 List of key buyers
TABLE 2 A list of top products with maximum demand

List of Figures

FIG. 1 Market summary
FIG. 2 Market trends & outlook
FIG. 3 Market segmentation & scope
FIG. 4 Market driver relevance analysis (Current & future impact)
FIG. 5 Market restraint relevance analysis (Current & future impact)
FIG. 6 Penetration &Growth Prospect Mapping
FIG. 7 U.S. Laboratory informatics SWOT Analysis, By Factor (political & legal, economic and technological)
FIG. 8 Porter's Five Forces Analysis
FIG. 9 Parameters considered by buyers for selecting laboratory informatics system
FIG. 10 LIMS timeline with major technological changes
FIG. 11 ELN timeline with major technological changes
FIG. 12 SDMS timeline with major technological changes
FIG. 13 LES timeline with major technological changes
FIG. 14 EDC & CDMS timeline with major technological changes
FIG. 15 CDS timeline with major technological changes
FIG. 16 ECM timeline with major technological changes
FIG. 17 Adoption rate of changing technologies
FIG. 18 Heat Map Analysis (Companies)
FIG. 19 Research and Development investment by company
FIG. 20 U.S. laboratory informatics market product outlook key takeaways
FIG. 21 U.S. Laboratory informatics market: Product movement analysis
FIG. 22 LIMS market, 2014 - 2025 (USD Million)
FIG. 23 ELN market, 2014 - 2025 (USD Million)
FIG. 24 SDMS market, 2014 - 2025 (USD Million)
FIG. 25 LES market, 2014 - 2025 (USD Million)
FIG. 26 EDC & CDMS market, 2014 - 2025 (USD Million)
FIG. 27 CDS market, 2014 - 2025 (USD Million)
FIG. 28 ECM market, 2014 - 2025 (USD Million)
FIG. 29 U.S. Laboratory informatics market delivery mode outlook key takeaways
FIG. 30 U.S. Laboratory informatics market: Delivery mode movement analysis
FIG. 31 On premise market, 2014 - 2025 (USD Million)
FIG. 32 Web hosted market, 2014 - 2025 (USD Million)
FIG. 33 Cloud-based market, 2014 - 2025 (USD Million)
FIG. 34 U.S. Laboratory informatics market component outlook key takeaways
FIG. 35 U.S. Laboratory informatics market: Component movement analysis
FIG. 36 Software market, 2014 - 2025 (USD Million)
FIG. 37 Services market, 2014 - 2025 (USD Million)
FIG. 38 U.S. Laboratory informatics market end-use outlook key takeaways
FIG. 39 U.S. Laboratory informatics market: End-use movement analysis
FIG. 40 Life science companies market, 2014 - 2025 (USD Million)
FIG. 41 CROs market, 2014 - 2025 (USD Million)
FIG. 42 Petrochemical refineries & oil and gas industry market, 2014 - 2025 (USD Million)
FIG. 43 Chemical industry market, 2014 - 2025 (USD Million)
FIG. 44 Food and beverage & agriculture industries market, 2014 - 2025 (USD Million)
FIG. 45 Environmental testing laboratories market, 2014 - 2025 (USD Million)
FIG. 46 Others market, 2014 - 2025 (USD Million)
FIG. 47 Heat map with region wise demand analysis for these products
FIG. 48 Strategy framework
FIG. 49 Participant categorization
FIG. 50 Thermo Fischer Scientific Inc, geographic foothold
FIG. 51 LabWare, geographic foothold
FIG. 52 Abbott Laboratories, geographic foothold
FIG. 53 LabVantage Solutions Inc, geographic foothold
FIG. 54 PerkinElmer Inc, geographic foothold
FIG. 55 Waters, geographic foothold
FIG. 56 Agilent Technologies, geographic foothold
FIG. 57 IDBS, geographic foothold
FIG. 58 McKesson Corporation, geographic foothold
FIG. 59 Cerner Corporation, geographic foothold