Rising adoption of advanced technology in genomic procedures as well as genetic testing is anticipated to fast track the growth of the global laboratory informatics market in coming years. Shift of inclination towards disease genomics considerations along with customized medications is fueling the adoption of laboratory robotization frameworks, creating new opportunities in the global laboratory informatics market. Products offered by the players in global laboratory informatics market are electronic data capture (EDC), scientific data management systems (SDMS), chromatography data systems (CDS), electronic lab notebooks (ELN), enterprise content management (ECM), clinical data management systems (CDMS), laboratory information management systems (LIMS), and laboratory execution systems (LES).
Vendors in the global laboratory informatics market are focused on mergers and acquisitions, among others, as key strategies to make headways in the competitive landscape of the industry. Certain players in the global laboratory informatics market are also investing in enhancement of their software solutions along with development of advanced products to gain a sizable portion in the overall industry share. Some of the major players operating within the global laboratory informatics market include McKesson Corporation, Abbott Informatics, LabVanatage Solutions Inc., Thermo Fisher Scientific Inc., ID Business Solutions Ltd., Perkin Elmer Inc., Agilent Technologies, Waters Corporation, LabWare, Core Informatics, and LabLynx Inc.
North America to Hold the Largest Share in Laboratory Informatics Market
North America accounted for the largest share in the global laboratory informatics market in recent years owing to the increasing cost of digital facilities pertaining to medical infrastructure along with rising rate of digital literacy in the region. Other motivators for the North America laboratory informatics market include technologically advanced healthcare infrastructure and the presence of multiple well-established players in the region. Asia Pacific is another region anticipated to witness attractive expansion opportunities for the stakeholders in the global laboratory informatics market, owing to enhancement of existing medical and healthcare facilities along with supportive initiatives in the region pertaining to bettering healthcare systems and medical services, and insurance policies.
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