U.S. Laboratory Informatics Market Size, Share & Trends Analysis Report By Product (LIMS, ELN), By Delivery Mode (Cloud-based, On-premise), By Component (Software, Service), By End-use, And Segment Forecasts, 2022 - 2030

March 2022 | 110 pages | ID: U309964E718EN
Grand View Research, Inc.

Abstracts

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U.S. Laboratory Informatics Market Growth & Trends

The U.S. Laboratory informatics market size is expected to reach USD 1.62 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.5% over the forecast period. The rising demand for lab automation and information management activities owing to the increasing amount of data generated by research laboratories is one of the primary growth stimulants for the market. The COVID-19 pandemic management has become the key challenge across the globe. Clinical laboratories are struggling to manage the rapid influx of COVID-19 testing samples, which, in turn, is affecting their ability to offer precise testing.

The implementation of automated solutions, such as Laboratory Information Management Systems (LIMS), is anticipated to relieve this stress on clinical laboratories by encouraging efficient testing of voluminous samples. 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. The use of isolated systems in laboratories hamper timely data transfer across information management systems, leading to unexpected delays and additional costs. In addition, manual transfer methods increase the likelihood of errors/loss, leading to added QA controls and a high number of manual transcription steps, which result in decreased efficiency and longer throughput time. The seamless flow of information from raw data to reusable knowledge is managed by a combination of various informatics systems.

In a laboratory, the deployment of these informatics systems is highly dependent on the environment (such as discovery, development, or manufacturing) and scientific domain (such as biology, chemistry, among others). The application of an informatics system in drug discovery is different from how it is used in clinical and manufacturing domains. The 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.

U.S. Laboratory Informatics Market Report Highlights

• The LIMS segment held a substantial share of the global revenue in 2021 owing to the high adoption by biobanks coupled with increased demand for integrated healthcare solutions
• The cloud-based solutions segment is expected to register a significant CAGR over the forecast period owing to the advantages of these solutions over on-premise and web-hosted solutions
• The services component segment held the largest share in the market in 2021 due to the increasing trend of outsourcing by life science companies
• On the basis of end-use, the life science segment accounted for the maximum revenue share in 2021 due to the high adoption of laboratory informatics systems
• Market players are involved in extensive research for innovation and upgrade of the existing systems. Thus, the introduction of new products is expected to provide this market with lucrative growth opportunities
• In November 2021, PerkinElmer, Inc. publicized the introduction of its PKeye Workflow Monitor, a cloud-based platform allowing laboratory workers to remotely manage and monitor the company’s instruments and workflows in real-time

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
3.3 Market Restraint Analysis
3.4 Penetration & Growth Prospect Mapping
3.5 User Perspective Analysis
  3.5.1 Market Influencer Analysis
3.6 Technology Overview
  3.6.1 Adoption Rate Of The Changing Technologies
  3.6.2 Product-wise timeline with major technological changes over the last 5 years and coming 8 years
    3.6.1.1 Laboratory Information Management Systems (LIMS)
    3.6.1.2 Electronic Lab Notebooks (ELN)
    3.6.1.3 Scientific Data Management Systems (SDMS)
    3.6.1.4 Laboratory Execution Systems (LES)
    3.6.1.5 Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
    3.6.1.6 Chromatography Data Systems (CDS)
    3.6.1.7 Enterprise Content Management (ECM)
3.7 Regulatory Framework
3.5 U.S. Laboratory Informatics -SWOT Analysis, By Factor (political & legal, economic, and technological)
3.6 Industry Analysis - Porter’s

CHAPTER 4 U.S. LABORATORY INFORMATICS MARKET: COVID-19 IMPACT ANALYSIS

4.1 COVID-19 Prevalence
4.2 COVID-19 Impact and Future Scenario
4.3 Regulatory changes due to COVID-19
4.4 Strategies Implemented by Companies

CHAPTER 5 U.S. LABORATORY INFORMATICS MARKET: PRODUCT ESTIMATES & TREND ANALYSIS

5.1 U.S. Laboratory Informatics Market: Product Movement Analysis
5.2 Laboratory Information Management Systems (LIMS)
  5.2.1 LIMS market, 2017 - 2030 (USD Million)
5.3 Electronic Lab Notebooks (ELN)
  5.3.1 ELN market, 2017 - 2030 (USD Million)
5.4 Scientific Data Management Systems (SDMS)
  5.4.1 SDMS market, 2017 - 2030 (USD Million)
5.5 Laboratory Execution Systems (LES)
  5.5.1 LES market, 2017 - 2030 (USD Million)
5.6 Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
  5.6.1 EDC & CDMS market, 2017 - 2030 (USD Million)
5.7 Chromatography Data Systems (CDS)
  5.7.1 CDS market, 2017 - 2030 (USD Million)
5.8 Enterprise Content Management (ECM)
  5.8.1 ECM market, 2017 - 2030 (USD Million)

CHAPTER 6 U.S. LABORATORY INFORMATICS MARKET: DELIVERY MODE ESTIMATES & TREND ANALYSIS

6.1 U.S. Laboratory Informatics Market: Delivery Mode Movement Analysis
6.2 On-premise
  6.2.1 On-premise market, 2017 - 2030 (USD Million)
6.3 Web-hosted
  6.3.1 Web-hosted market, 2017 - 2030 (USD Million)
6.4 Cloud-based
  6.4.1 Cloud-based market, 2017 - 2030 (USD Million)

CHAPTER 7 U.S. LABORATORY INFORMATICS MARKET: COMPONENT ESTIMATES & TREND ANALYSIS

7.1 U.S. Laboratory Informatics Market: Component Movement Analysis
7.2 Software
  7.2.1 Software market, 2017 - 2030 (USD Million)
7.3 Services
  7.3.1 Services market, 2017 - 2030 (USD Million)

CHAPTER 8 U.S. LABORATORY INFORMATICS MARKET: END-USE ESTIMATES & TREND ANALYSIS

8.1 U.S. Laboratory Informatics Market: End-use Movement Analysis
8.2 Life Science Companies
  8.2.1 Life science companies market, 2017 - 2030 (USD Million)
    8.3.1.1 Pharmaceutical and Biotechnology Companies
      8.3.1.1.1 Pharmaceutical and Biotechnology Companies market estimates and forecasts, 2017 - 2030 (USD Million)
    8.3.1.2 Biobanks/Biorepositories
      8.3.1.2.1 Biobanks/Biorepositories market estimates and forecasts, 2017 - 2030 (USD Million)
    8.3.1.3 Contract Services Organizations
      8.3.1.3.1 Contract Services Organizations market estimates and forecasts, 2017 - 2030 (USD Million)
    8.3.1.4 Molecular Diagnostics & Clinical Research Laboratories
      8.3.1.4.1 Molecular Diagnostics & Clinical Research Laboratories market estimates and forecasts, 2017 - 2030 (USD Million)
    8.3.1.5 Academic Research Institutes
      8.3.1.5.1 Academic Research Institutes market estimates and forecasts, 2017 - 2030 (USD Million)
8.3 CROs
  8.3.1 CROs market, 2017 - 2030 (USD Million)
8.4 Petrochemical Refineries & Oil and Gas Industry
  8.4.1 Petrochemical refineries & oil and gas industry market, 2017 - 2030 (USD Million)
8.5 Chemical Industry
  8.5.1 Chemical industry market, 2017 - 2030 (USD Million)
8.6 Food and Beverage& Agriculture Industries
  8.6.1 Food and beverage &agriculture industries market, 2017 - 2030 (USD Million)
8.7 Environmental Testing Laboratories
  8.7.1 Environmental testing laboratories market, 2017 - 2030 (USD Million)
8.8 Others
  8.8.1 Others market, 2017 - 2030 (USD Million)

CHAPTER 9 COMPETITIVE LANDSCAPE

9.1 Strategy Framework
9.2 Market Participation Categorization
9.3 Major Deals & Strategic Alliances Analysis
9.4 Company Profiles
  9.4.1 Thermo Fisher Scientific Inc.
    9.4.1.1 Company overview
    9.4.1.2 Financial performance
    9.4.1.3 Product benchmarking
    9.4.1.4 Geographic foothold
    9.4.1.5 Strategic initiatives
  9.4.2 LabWare
    9.4.2.1 Company overview
    9.4.2.2 Product benchmarking
    9.4.2.3 Geographical foothold
    9.4.2.4 Strategic initiatives
  9.4.3 Core Informatics
    9.4.3.1 Company overview
    9.4.3.2 Product benchmarking
    9.4.3.3 Strategic initiatives
  9.4.4 Abbott Laboratories
    9.4.4.1 Company overview
    9.4.4.2 Financial performance
    9.4.4.3 Platform benchmarking
    9.4.4.4 Geographic foothold
    9.4.4.5 Strategic initiatives
  9.4.5 LabVantage Solutions, Inc.
    9.4.5.1 Company overview
    9.4.5.2 Product benchmarking
    9.4.5.3 Geographic foothold
    9.4.5.4 Strategic initiatives
  9.4.6 LabLynx, Inc.
    9.4.6.1 Company overview
    9.4.6.2 Financial performance
    9.4.6.3 Product benchmarking
    9.4.6.4 Strategic initiatives
  9.4.7 PerkinElmer, Inc.
    9.4.7.1 Company overview
    9.4.7.2 Financial performance
    9.4.7.3 Product benchmarking
    9.4.7.4 Geographic foothold
    9.4.7.5 Strategic initiatives
  9.4.8 Waters
    9.4.8.1 Company overview
    9.4.8.2 Financial performance
    9.4.8.3 Product benchmarking
    9.4.8.4 Geographic foothold
    9.4.8.5 Strategic initiatives
  9.4.9 Agilent Technologies
    9.4.9.1 Company overview
    9.4.9.2 Financial Performance
    9.4.9.3 Product benchmarking
    9.4.9.4 Geographic foothold
    9.4.9.5 Strategic initiatives
  9.4.10 IDBS
    9.4.10.1 Company overview
    9.4.10.2 Financial Performance
    9.4.10.3 Product benchmarking
    9.4.10.4 Geographic foothold
    9.4.10.5 Strategic initiatives

List Of Tables

LIST OF TABLES

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

List Of Figures

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 U.S. laboratory informatics market product outlook key takeaways
FIG. 20 U.S. Laboratory informatics market: Product movement analysis
FIG. 21 LIMS market, 2017 - 2030 (USD Million)
FIG. 22 ELN market, 2017 - 2030 (USD Million)
FIG. 23 SDMS market, 2017 - 2030 (USD Million)
FIG. 24 LES market, 2017 - 2030 (USD Million)
FIG. 25 EDC & CDMS market, 2017 - 2030 (USD Million)
FIG. 26 CDS market, 2017 - 2030 (USD Million)
FIG. 27 ECM market, 2017 - 2030 (USD Million)
FIG. 28 U.S. Laboratory informatics market delivery mode outlook key takeaways
FIG. 29 U.S. Laboratory informatics market: Delivery mode movement analysis
FIG. 30 On-premise market, 2017 - 2030 (USD Million)
FIG. 31 Web-hosted market, 2017 - 2030 (USD Million)
FIG. 32 Cloud-based market, 2017 - 2030 (USD Million)
FIG. 33 U.S. Laboratory informatics market component outlook key takeaways
FIG. 34 U.S. Laboratory informatics market: Component movement analysis
FIG. 35 Software market, 2017 - 2030 (USD Million)
FIG. 36 Services market, 2017 - 2030 (USD Million)
FIG. 37 U.S. Laboratory informatics market end-use outlook key takeaways
FIG. 38 U.S. Laboratory informatics market: End-use movement analysis
FIG. 39 Life science companies market, 2017 - 2030 (USD Million)
FIG. 40 Pharmaceutical and Biotechnology Companies Market, 2017 - 2030 (USD Million)
FIG. 41 Biobanks/Biorepositories market, 2017 - 2030 (USD Million)
FIG. 42 Contract Services Organizations market, 2017 - 2030 (USD Million)
FIG. 43 Molecular Diagnostics & Clinical Research Laboratories market, 2017 - 2030 (USD Million)
FIG. 44 Academic Research Institutes Market, 2017 - 2030 (USD Million)
FIG. 45 CROs market, 2017 - 2030 (USD Million)
FIG. 46 Petrochemical refineries & oil and gas industry market, 2017 - 2030 (USD Million)
FIG. 47 Chemical industry market, 2017 - 2030 (USD Million)
FIG. 48 Food and beverage & agriculture industries market, 2017 - 2030 (USD Million)
FIG. 49 Environmental testing laboratories market, 2017 - 2030 (USD Million)
FIG. 50 Others market, 2017 - 2030 (USD Million)
FIG. 51 Heat map with region wise demand analysis for these products
FIG. 52 Strategy framework
FIG. 53 Participant categorization
FIG. 54 Thermo Fischer Scientific Inc, geographic foothold
FIG. 55 LabWare, geographic foothold
FIG. 56 Abbott Laboratories, geographic foothold
FIG. 57 LabVantage Solutions Inc, geographic foothold
FIG. 58 PerkinElmer Inc, geographic foothold
FIG. 59 Waters, geographic foothold
FIG. 60 Agilent Technologies, geographic foothold
FIG. 61 IDBS, geographic foothold