There is an enormous amount of data that is generated in a lab every day and efficient and effective methods are imperative to collate and thoroughly analyse it. A heavily extensive usage is of essential importance in the R&D labs throughout the world and software is utilized to its full potential to access preconfigured databases in order to identify synthesized compounds and other scientific breakthroughs.
Assay data management, sample management, data analysis, data mining, and electronic laboratory notebook (ELN) integration are few of the major applications of automation software in the laboratory. They make it possible to sync various analytical instruments in a lab to reach a comprehensive and a holistic solution.
Major factors responsible for market growth process such as progressing drug discovery and clinical diagnostics, miniaturization, benefits of lab automation over traditional laboratory settings, shortage of laboratory professionals, and presence of government and corporate funding for biotech and pharmaceutical research are expected to be major growth drivers of the global lab automation software market in the upcoming years. On the other side of the coin, low priority for lab automation among small and medium-sized laboratories, lack of planning for technology development, and indefinite data interchange/communication standards are the major factors that are restraining the growth of the lab automation market.
The segmentation is done on the basis of the the type of solution, it is segmented into electronic lab notebooks (ELN), laboratory information management systems (LIMS), electronic data capture (EDC), chromatography data systems (CDS) & clinical data management systems (CDMS), enterprise content management (ECM), laboratory execution systems (LES), and scientific data management systems (SDMS).
The global lab automation software market is currently dominated by the LIMS segment. The large share of this segment is due to the wide array of benefits associated with the application of these systems, including enhanced workflow efficiencies, easy integration with other lab systems, reduced transcription errors, and far better in terms ofregulatory compliance.
The global laboratory automation software market is segmented into North America, Asia, Europe and the Rest of the World (RoW). North America is expected to have the largest market share during the forecast period. The large share of the said regional segment can primarily be due to the strong economic performance in the US and Canada, which allow for significant up gradation and investments in new technologies. Substantial growth in the North American market is also attributed to the growing demand for the integration of laboratory systems, need for early drug discovery, growth in biobanks, stringent regulatory requirements across industries and easy availability of laboratory informatics products and services.
The Key players include LabWare (US), Thermo Fisher Scientific, Waters (US), Inc. (US), LabVantage Solutions, Inc. (US), LabLynx, Inc. (US), Abbott Informatics (US), Dassault Systèmes (France), Agilent Technologies (US), IDBS (UK), Autoscribe Informatics (UK), PerkinElmer Inc. (US), Arxspan LLC (US), RURO Inc. (US), Kinematik (Ireland), and LABWORKS (US).
- Global Market segments
- Global Market Drivers, Restraints and Opportunities
- Global Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Global Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage