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European Laboratory Informatics Market has shown strong growth pattern in recent year’s majorly due to growing automation in laboratories; technological advancements in laboratory informatics solutions; rising pressure to comply with stringent regulatory guidelines; increasing R&D activities; and growing demand by the biobanks/biorepositories, academic research institutes, and CROs. However, lack of skilled professionals and integration of old and new LIMS systems may hinder the growth of European laboratory informatics market to some extent.Meticulous Research® in its latest publication on European Laboratory Informatics Market states that the European laboratory informatics market will increase at a CAGR of 6.4% from 2018 to 2024 to reach USD 1,084.3 million by 2024. Wherein, geographically, Germany commanded the largest share in this market followed by U.K. The major share of Germany is mainly attributed to high inclination towards adoption of advanced technologies, increasing automation in research laboratories, increasing government funding for research activities, and growing demand for cost effective workflow management systems.
#Market Insights
*Drivers
Growing Automation in Laboratories
Technological Advancements
Increasing R&D Activities
Growing Need for Regulatory Compliance
*Restraint
Lack of Skilled Professionals
*Opportunity
Cloud-Based Informatics
*Challenges
Interfacing & Integration
Migrating from Legacy LIMS to New Systems
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The report provides meticulous analysis of European laboratory informatics market by segmenting it on the basis of product (LIMS, ELN, LES, EDC, ECM, CDMS, SDMS), component (services, software), delivery (on premise, cloud, web), end user (pharma, biotech, MDx, biobank, Cro, f&b, oil, gas, chemical). Wherein, among products, LIMS accounted for the largest share in 2018. The large share of LIMS segment is primarily attributed to wide range of benefits associated with the use of these systems, including increased workflow efficiencies, easy integration with other lab systems, reduced transcription errors, and better regulatory compliance.
The key players analyzed in the European laboratory informatics market are Abbott Informatics Corporation, Agilent Technologies, Autoscribe Informatics, Bio-ITech BV (eLabJournal), Biomed Systems Limited, Broughton Software Limited, Bytewize AB, Dassault Systemes SE, GenoLogics, Life Sciences, Inc. (Illumina, Inc.), Lablynx, Inc., LabVantage Solutions, Inc., LabWare Inc, Novatek International, PerkinElmer, Inc., RURO, Inc., Thermo Fisher Scientific Inc., and Waters Corporation.
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Key Topics Covered in This Report:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Share Analysis
5. Market Insights
6. European Laboratory Informatics Market, By Product
7. European Laboratory Informatics Market, By Mode of Delivery
8. European Laboratory Informatics Market, By Component
9. European Laboratory Informatics Market, By End User
10. Geographic Analysis
11. Competitive Landscape
12. Company Profiles
13. Appendix
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