The Latin America, Middle East and Africa Laboratory Informatics Market would witness market growth of 8.2% CAGR during the forecast period (2019-2025). The increased demand for laboratory automation is anticipated to boost adoption. Laboratory-generated data has grown dramatically in recent decades due to rapid technological advances in molecular genomics and genetic testing practices. Furthermore, the change in preference for personalized medicine, cancer genomics research, and growing requirement for patient involvement is expected to increase demand for laboratory automation systems.
Laboratories across the life sciences and medical research sectors are important to both manufacturing and research institutes. A laboratory's primary objective is to ensure that high-quality and accurate experiment data are produced that conforms to industry regulatory guidelines. Advances in technology combined with strict regulatory requirements and increased commercial pressures have led to the rapid production of vast amounts of data from various aspects including research and development, quality assurance, and manufacturing.
Laboratory information systems are also becoming increasingly popular in academic research institutes, biobanks, and contract research organizations (CROs). The benefits of these systems involve process optimization, enhanced regulatory compliance, paperless information management, and intellectual property rights protection, improved data quality through error elimination, reduced labor costs, and faster and more effective data analytics.
Based on Component, the market is segmented into Software and Services. Based on End Use, the market is segmented into Life Sciences, CROs, Chemical Sector, Food & Beverage and Agriculture Sector, Environmental Testing Laboratories, Petrochemical Sector and Other Sectors. Based on Product, the market is segmented into LIMS, ELN, ECM, CDS, SDMS, LES and EDC & CDMS. Based on Delivery Mode, the market is segmented into Cloud-based, Web-hosted and On-Premise. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Laboratory Informatics Market in LAMEA is expected to register a CAGR of 8.2% during the forecast period (2019-2025)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thermo Fisher Scientific, Inc., LabVantage Solutions, Inc. (TCG Lifesciences), LabWare, Inc., Abbott Laboratories (Abbott Informatics Corporation), LabLynx, Inc., Agilent Technologies, Inc., Waters Corporation, PerkinElmer, Inc., Autoscribe Informatics, Inc., and McKesson Corporation.
Market Segmentation:
By Component
By End Use
By Product
By Delivery Mode
By Country
Companies Profiled
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