The Europe Laboratory Informatics Market would witness market growth of 5.6% CAGR during the forecast period (2019-2025). The increased burden of chronic conditions along with increasing healthcare infrastructure around the globe would lead to higher acceptance of the laboratory informatics solution in the healthcare industry. The market is dominated by a few of the larger companies involved in developing advanced healthcare laboratory information technology to generate higher revenues. The healthcare laboratory informatics industry is expected to offer high growth opportunities in the near future, with advances in existing technologies.
LIMS is created for laboratories that have regular workflows, like laboratories for quality control. The LIM framework has a different data structure, and the laboratory processes (workflows) should already be defined in a certain format. Laboratories are facing increasing pressure to generate a faster turnaround time and reduce errors to boost the research work. Laboratory automation has constantly evolved to emerge as a necessity and extend its capabilities. Factors such as increasing pressure to comply with regulations, improving laboratory infrastructure in developed and developing countries, advancing drug discovery and outsourcing to CROs, and enhancing efficiencies and getting a competitive edge on the market are encouraging laboratories around the globe to automation. With increasing automation, stepping up data volumes at a faster rate becomes necessary. This raised the need for efficient solutions for data storage, analysis and sharing such as ELN.
Based on Component, the market is segmented into Software and Services. Based on End Use, the market is segmented into Life Sciences, CROs, Chemical Sector, Food & Beverage and Agriculture Sector, Environmental Testing Laboratories, Petrochemical Sector and Other Sectors. Based on Product, the market is segmented into LIMS, ELN, ECM, CDS, SDMS, LES and EDC & CDMS. Based on Delivery Mode, the market is segmented into Cloud-based, Web-hosted and On-Premise. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Laboratory Informatics Market in Europe is expected to register a CAGR of 5.6% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thermo Fisher Scientific, Inc., LabVantage Solutions, Inc. (TCG Lifesciences), LabWare, Inc., Abbott Laboratories (Abbott Informatics Corporation), LabLynx, Inc., Agilent Technologies, Inc., Waters Corporation, PerkinElmer, Inc., Autoscribe Informatics, Inc., and McKesson Corporation.
Market Segmentation:
By Component
By End Use
By Product
By Delivery Mode
By Country
Companies Profiled
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