According to predictions, the Enterprise laboratory informatics market will reach US$ 25,500.8 million in 2032, up from US$ 4,255.1 million in 2022, and will expand at a CAGR of 8.2% over the course of the forecast year.
The Enterprise Laboratory Informatics is the technological application used for storage of laboratories data and analysis. As the amount of data generated in the manufacturing, research and healthcare laboratories are huge and the conventional method for storing, integration and analysis become tough.
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With the adoption of enterprise laboratory informatics the storage, integration and analysis of these data’s can be done without complexity. There are six main steps to be considered for building an efficient laboratory informatics system- acquire, manage, integrate, analyze, present and dispose.
The enterprise laboratory informatics can be used in life sciences, healthcare, manufacturing, finance, legal, research & development among other domains where significant amount of data is stored and analyzed. The global enterprise laboratory informatics will see a considerable growth with the trend of latest technology integration to the existing enterprise laboratory informatics method and its efficiency compared with the conventional methods of data management and analysis.
Considering the market dynamics of the global enterprise laboratory informatics market, the market drivers identified are the demand for smooth flow of information’s and analysis in the clinical and life science research laboratories.
In terms of healthcare, according to the PPACA (Patient Protection and Affordable Care Act) has made compulsory use of enterprise laboratory informatics in order to avoid transcription errors in storing the patient data’s hence ensuring safety to the patients. Apart from above factors the use of enterprise laboratory informatics reduces the manpower costs in laboratories and laboratory managing costs.
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There are some challenges associated with the enterprise laboratory informatics system initial setup cost being one of the factor that might pose as a restraint for global enterprise laboratory informatics market.
Global Enterprise Laboratory Informatics Market: Key Players
Some of the major players identified in the global enterprise laboratory informatics market includes, LabAnswer, TCS (Tata Consultancy Services), Abbott Laboratories, Core Informatics, Thermo Fisher Scientific Inc., and LabWare among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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Key segments
By Type of Solution:
- LIMS
- ELN
- CDS
- EDC
- CDMS
- LES
- ECM
- SDMS
By Component:
- Software
- Service
By Delivery:
- On premise
- Cloud
By Industry:
- CRO
- CMO
- Pharma
- Biotech
- Chemical
- Agriculture
- Oil
- Gas
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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