1 INTRODUCTION 22
1.1 OBJECTIVES OF THE STUDY 22
1.2 MARKET DEFINITION 22
1.3 MARKET SCOPE 23
1.3.1 MARKETS COVERED 23
1.3.2 YEARS CONSIDERED FOR THE STUDY 23
1.4 CURRENCY 24
1.5 LIMITATIONS 24
1.6 STAKEHOLDERS 24

2 RESEARCH METHODOLOGY 25
2.1 RESEARCH DATA 25
2.1.1 SECONDARY SOURCES 26
2.1.1.1 Key data from secondary sources 26
2.1.2 PRIMARY SOURCES 27
2.1.2.1 Key data from primary sources 27
2.1.2.2 Key industry insights 28
2.2 MARKET SIZE ESTIMATION 29
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 31
2.4 MARKET SHARE ESTIMATION 32
2.5 ASSUMPTIONS FOR THE STUDY 32

3 EXECUTIVE SUMMARY 33

4 PREMIUM INSIGHTS 37
4.1 LABORATORY INFORMATICS: MARKET OVERVIEW 37
4.2 LABORATORY INFORMATICS MARKET, BY TYPE OF SOLUTIONS,
2019 VS. 2024 (USD MILLION) 38
4.3 LABORATORY INFORMATICS MARKET, BY DEPLOYMENT MODEL,
2019–2024 (USD MILLION) 38
4.4 LABORATORY INFORMATICS MARKET SHARE, BY INDUSTRY AND REGION, 2019 39
4.5 LABORATORY INFORMATICS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES 40
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5 MARKET OVERVIEW 41
5.1 INTRODUCTION 41
5.2 MARKET DYNAMICS 41
5.2.1 MARKET DRIVERS 42
5.2.1.1 Increasing need for laboratory automation 42
5.2.1.2 Development of integrated lab informatics solutions 42
5.2.1.3 Need to comply with regulatory requirements 42
5.2.1.4 Growing demand in biobanks/biorepositories, academic research institutes, and CROs 43
5.2.2 MARKET RESTRAINTS 43
5.2.2.1 Lack of integration standards 43
5.2.2.2 High maintenance and service costs 43
5.2.3 MARKET OPPORTUNITIES 44
5.2.3.1 Growing popularity of cloud-based laboratory informatics 44
5.2.3.2 Significant growth potential in emerging countries 44
5.2.3.3 Use of lab informatics solutions in the cannabis industry 44
5.2.4 MARKET CHALLENGES 45
5.2.4.1 Interfacing with diverse laboratory instruments 45
5.2.4.2 Dearth of trained professionals 45

6 LABORATORY INFORMATICS MARKET, BY TYPE OF SOLUTION 46
6.1 INTRODUCTION 47
6.2 LABORATORY INFORMATION MANAGEMENT SYSTEMS (LIMS) 48
6.2.1 BROAD-BASED LIMS 51
6.2.1.1 Broad-based LIMS are user-friendly, reduce the total cost of ownership, and enable faster ROI 51
6.2.2 INDUSTRY-SPECIFIC LIMS 52
6.2.2.1 Lack of sufficient documentation and a high total cost of ownership and maintenance are restraining market growth 52
6.3 ELECTRONIC LAB NOTEBOOKS (ELN) 53
6.3.1 INCREASING NEED FOR COMPLIANCE WITH REGULATIONS, IP PROTECTION, AND INSTRUMENT MANAGEMENT TO SUPPORT MARKET GROWTH 53
6.4 CHROMATOGRAPHY DATA SYSTEMS (CDS) 57
6.4.1 CHROMATOGRAPHY DATA SYSTEMS ARE USED TO INTERPRET DATA FROM CHROMATOGRAPHY INSTRUMENTS AND CONVERT IT INTO A HUMAN-READABLE FORMAT 57
6.5 ELECTRONIC DATA CAPTURE (EDC) & CLINICAL DATA MANAGEMENT SYSTEMS (CDMS) 60
6.5.1 INCREASING R&D EXPENDITURE OF PHARMACEUTICAL COMPANIES TO DRIVE THE ADOPTION OF EDC & CDMS 60
6.6 LABORATORY EXECUTION SYSTEMS (LES) 63
6.6.1 LABORATORY EXECUTION SYSTEMS PROVIDES AN ELECTRONIC ENVIRONMENT THAT REMOVES PAPER PROCESSES AND AUTOMATES THE INTERACTION WITH METHODS, INSTRUMENTS, AND SUPPLIES THAT ARE USED IN DAY-TO-DAY ACTIVITIES 63
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6.7 ENTERPRISE CONTENT MANAGEMENT (ECM) 66
6.7.1 ENTERPRISE CONTENT MANAGEMENT SYSTEMS INCREASE PRODUCTIVITY FOR ORGANIZATIONS BY SAVING TIME SPENT ON MANUAL TASKS, REDUCING PAPER CONSUMPTION, AND MAXIMIZING OFFICE STORAGE SPACE 66
6.8 SCIENTIFIC DATA MANAGEMENT SYSTEMS (SDMS) 69

7 LABORATORY INFORMATICS MARKET, BY COMPONENT 72
7.1 INTRODUCTION 73
7.2 SERVICES 74
7.2.1 TECHNOLOGICAL ADVANCEMENTS IN SOLUTION OFFERINGS & INCREASING ADOPTION OF CLOUD-BASED SOLUTIONS TO DRIVE THE ADOPTION OF LABORATORY INFORMATICS SERVICES 74
7.3 SOFTWARE 77
7.3.1 GROWING NEED TO INTEGRATE EXISTING LABORATORY SYSTEMS & SHIFTING TREND TOWARDS LABORATORY AUTOMATION ARE THE KEY FACTORS SUPPORTING THE GROWTH OF THE SOFTWARE MARKET 77

8 LABORATORY INFORMATICS MARKET, BY DEPLOYMENT MODEL 80
8.1 INTRODUCTION 81
8.2 ON-PREMISE MODELS 82
8.2.1 GROWTH OF THIS SEGMENT IS DECLINING AS ON-PREMISE MODELS HAVE A HIGH COST OF OWNERSHIP 82
8.3 CLOUD-BASED MODELS 85
8.3.1 THIS SEGMENT IS EXPECTED TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 85
8.4 REMOTELY HOSTED MODELS 88
8.4.1 FACTORS SUCH AS THE LOW TOTAL COST OF OWNERSHIP (TCO) AND A GOOD RETURN ON INVESTMENT ARE EXPECTED TO DRIVE THE GROWTH OF THIS SEGMENT 88

9 LABORATORY INFORMATICS MARKET, BY INDUSTRY 91
9.1 INTRODUCTION 92
9.2 LIFE SCIENCES INDUSTRY 93
9.2.1 PHARMACEUTICAL AND BIOTECHNOLOGY COMPANIES 96
9.2.1.1 Companies are increasingly adopting informatics solutions to improve their efficiency 96
9.2.2 BIOBANKS & BIOREPOSITORIES 99
9.2.2.1 Demand for high-quality specimens has boosted the use of automated systems 99
9.2.3 MOLECULAR DIAGNOSTICS & CLINICAL RESEARCH LABORATORIES 101
9.2.3.1 Clinical labs offer significant opportunities for the growth of the lab informatics solutions segment 101
9.2.4 CONTRACT SERVICE ORGANIZATIONS 104
9.2.4.1 Increasing number of clinical trials will support market growth in this segment 104
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9.2.5 ACADEMIC RESEARCH INSTITUTES 106
9.2.5.1 Low throughput needs account for the small share of this segment 106
9.3 CHEMICALS INDUSTRY 109
9.3.1 NEED TO INTEGRATE SYSTEMS AND CENTRALIZE DATABASES HAS DRIVEN USE OF INFORMATICS 109
9.4 FOOD & BEVERAGE AND AGRICULTURE INDUSTRY 111
9.4.1 LAB INFORMATICS SOLUTIONS CAN PROVIDE DATA TRACEABILITY AND ACCESSIBILITY IN THE FOOD & BEVERAGE INDUSTRY 111
9.5 PETROCHEMICAL REFINERIES AND OIL & GAS INDUSTRY 114
9.5.1 INTEGRATION OF OPERATIONS IS A KEY FUNCTION OF LAB INFORMATICS SOLUTIONS IN THIS SEGMENT 114
9.6 ENVIRONMENTAL TESTING LABORATORIES 116
9.6.1 NEED TO COMPLY WITH REGULATIONS IS DRIVING THE DEMAND FOR LIMS 116
9.7 OTHER INDUSTRIES 119

10 LABORATORY INFORMATICS MARKET, BY REGION 122
10.1 INTRODUCTION 123
10.2 NORTH AMERICA 124
10.2.1 US 129
10.2.1.1 Strong economy and increasing R&D expenditure are expected to drive laboratory informatics market in the US 129
10.2.2 CANADA 132
10.2.2.1 Rising demand for lab automation is driving the growth in Canada 132
10.3 EUROPE 135
10.3.1 GERMANY 140
10.3.1.1 Germany to dominate the market in Europe 140
10.3.2 UK 143
10.3.2.1 Increasing expenditure on pharmaceuticals is expected to drive the laboratory informatics market in the UK 143
10.3.3 FRANCE 146
10.3.3.1 Growing R&D investment on biotechnology companies is expected drive the French market 146
10.3.4 REST OF EUROPE (ROE) 149
10.4 ASIA 152
10.4.1 JAPAN 157
10.4.1.1 Growing government support for clinical R&D activities is propelling the demand for laboratory informatics solutions in the country 157
10.4.2 CHINA 160
10.4.2.1 In China, any software interface needs to be translated in the regional language, which makes it challenging for international players to compete in this market 160
10.4.3 INDIA 163
10.4.3.1 Growth in drug development-based research is one of the major factors boosting the demand for laboratory informatics solutions in the country 163
10.4.4 REST OF ASIA 166
10.5 REST OF THE WORLD 169
11 COMPETITIVE LANDSCAPE 174
11.1 OVERVIEW 174
11.2 MARKET PLAYER RANKING 175
11.3 COMPETITIVE LEADERSHIP MAPPING – OVERALL MARKET 176
11.3.1 VISIONARY LEADERS 176
11.3.2 DYNAMIC DIFFERENTIATORS 176
11.3.3 INNOVATORS 176
11.3.4 EMERGING PLAYERS 176
11.4 COMPETITIVE LEADERSHIP MAPPING – START-UP/SME 177
11.4.1 PROGRESSIVE COMPANIES 177
11.4.2 STARTING BLOCKS 177
11.4.3 RESPONSIVE COMPANIES 178
11.4.4 DYNAMIC COMPANIES 178
11.5 COMPETITIVE SITUATION AND TRENDS 179
11.5.1 PRODUCT & SERVICES LAUNCHES 179
11.5.2 EXPANSIONS 179
11.5.3 ACQUISITIONS 180
11.5.4 OTHER STRATEGIES 180
12 COMPANY PROFILES 182
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
12.1 THERMO FISHER SCIENTIFIC INC. 182
12.2 LABVANTAGE SOLUTIONS, INC. 185
12.3 LABWARE 187
12.4 ABBOTT INFORMATICS (A SUBSIDIARY OF ABBOTT LABORATORIES) 189
12.5 LABLYNX, INC. 192
12.6 WATERS 194
12.7 AGILENT TECHNOLOGIES, INC. 196
12.8 AUTOSCRIBE INFORMATICS (A WHOLLY OWNED SUBSIDIARY OF AUTOSCRIBE LIMITED) 198
12.9 DASSAULT SYST?MES 200
12.10 LABWORKS LLC 202
12.11 KINEMATIK 203
12.12 ACCELERATED TECHNOLOGY LABORATORIES 204
12.13 PERKINELMER INC. 206

*Details on MarketsandMarkets view, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments might not be captured in case of unlisted companies.
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13 APPENDIX 208
13.1 DISCUSSION GUIDE 208
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 211
13.3 AVAILABLE CUSTOMIZATIONS 213
13.4 RELATED REPORTS 213
13.5 AUTHOR DETAILS 214