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Lab Informatics Market Worth 2.97 Billion USD by 2021PUNE, India, August 9, 2016 /PRNewswire/ -- According to a new market research report "Lab Informatics Market by Product (CDS, EDC, LES, ECM, ELN, LIMS, SDMS), Component (Software, Services), Delivery (On-Premise, Hosted, Cloud) & Industry (CROs, Pharma, Biotechnology, Chemical, Petrochemical, F&B, Agriculture, Oil, Gas) - Forecasts to 2021", published by MarketsandMarkets, The global market is expected to reach USD 2.97 Billion by 2021 from an estimated value of USD 2.20 Billion in 2016, growing at a CAGR of 6.2% during the forecast period. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 191 market data Tables and 42 Figures spread through 225 Pages and in-depth TOC on "Lab Informatics Market" http://www.marketsandmarkets.com/Market-Reports/lab-informatic-market-203037633.html Early buyers will receive 10% customization on this report. The report analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia, and the Rest of the World (RoW). The laboratory informatics market is witnessing significant growth across the globe owing to factors such as the increasing need for laboratory automation, technological advancements, increasing availability of cost-effective informatics solutions, rising pressure to comply with regulatory requirements, and increasing adoption of laboratory informatics in biobanks/biorepositories, academic research institutes, and contract service organizations. Cloud-based laboratory informatics solutions and emerging countries offer huge growth. Lack of integration standards for laboratory informatics and lack of trained professionals are the major factors that may limit the growth of the market to a certain extent. The laboratory informatics market is segmented on the basis of product type, deployment model, component, industry, and region. Based on product type, the market is segmented into Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS), Laboratory Information Management Systems (LIMS), Electronic Lab Notebooks (ELN), Laboratory Execution Systems (LES), Scientific Data Management Systems (SDMS), Chromatography Data Sstems (CDS), and Enterprise Content Management (ECM). The LIMS segment is expected to grow at the highest CAGR mainly due to the systems' ability to increase workflow efficiencies by removing manual data entry and transcription errors. On the basis of region, the laboratory informatics market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). In 2016, North America is expected to dominate the market, followed by Europe. This can be attributed to the growing demand for the integration of laboratory systems, rising government funding for research activities, growth in biobanks, need for early drug discovery, increasing replacement of old legacy systems with Commercial Off-the-Shelf Laboratory Information Management Systems (COTS LIMS), easy availability of laboratory informatics products and services, and stringent regulatory requirements across industries.. Asia is projected to be the fastest-growing region during the forecast period. Factors such as increasing R&D activities and the development of supporting infrastructure in research laboratories have generated a demand for laboratory informatics solutions in the Asian region. Ask for PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=203037633 The Laboratory Informatics Market is highly competitive. Prominent players in the market include Thermo Fisher Scientific, Inc. (U.S.), LabWare, Inc. (U.S.), Core Informatics, LLC (U.S.), Abbott Informatics (U.S.), LabVantage Solutions, Inc. (U.S.), LabLynx, Inc. (U.S.), PerkinElmer, Inc. (U.S.), Waters Corporation (U.S.), Agilent Technologies, Inc. (U.S.), and ID Business Solutions Ltd. (U.K.). Browse Related Reports: Lab Automation Market by Equipment & Software (Robotic Arm, Microplate Readers, LIMS), Applications (Drug Discovery, Clinical Diagnostics), Type of Automation (Modular, Total Lab), & End Users (Biotechnology & Pharmaceuticals) - Global Forecasts to 2020 http://www.marketsandmarkets.com/Market-Reports/lab-automation-market-1158.html Laboratory Information Management Systems/ LIMS Market by Product (COTS & Legacy), Delivery Mode (On-premise, Hosted, Cloud), Component (Software & Services), End User Industries (Healthcare, CRO, Petrochemical, Oil and Gas, Chemical) - Forecast to 2019 About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. 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