2019-08 Mordor Global Laboratory Informatics Market PDF

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GLOBAL LABORATORY
INFORMATICS MARKET
(2018-2024)
Report
Report Global Laboratory Informatics Market

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THIS REPORT PROVIDES:
• A detailed understanding of the present status of the global laboratory informatics

Domain: Healthcare
market with detailed market segmentation
Base Year: 2017
• Current market trends, changes in market dynamics, and growth opportunities
Historical Period: 2012-2016
Forecast Period: 2018-2024 • An in-depth analysis of the market size and forecast for the various types of
laboratory Informatics
• An evaluation of the competitive landscape, including product portfolio, key

strategies, and recent developments of the top vendors in the laboratory
informatics market
• Insights on the upcoming trends in laboratory informatics
Industry Reports | Consulting | Intelligence Center

+1 617 765 2493 | info@mordorintelligence.com |
www.mordorintelligence.com

TABLE OF CONTENTS
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6.1.2 Increasing Applications of Lab Informatics Solutions

1. INTRODUCTION
6.1.3 Increasing Number of Diagnoses
1.1 Scope of the Study
6.2 Restraints
1.2 Market Definition
6.2.1 Lack of Integration Standards for Laboratory Informatics
1.3 Study Deliverables
6.2.2 Lack of Skilled Professionals
1.4 Study Assumptions
6.3 Opportunities
2. RESEARCH METHODOLOGY
6.4 Challenges
3. EXECUTIVE SUMMARY
7. MARKET SEGMENTATION
4. KEY INFERENCES
7.1 By Product
5. MARKET OVERVIEW AND INDUSTRY TRENDS
7.1.1 Laboratory Information Management System (LIMS)
5.1 Current Market Scenario
7.1.2 Electronic Lab Notebooks (ELN)
5.2 Porter's Five Forces Analysis
7.1.3 Enterprise Content Management (ECM)
5.2.1 Bargaining Power of Suppliers
7.1.4 Laboratory Execution System (LES)
5.2.2 Bargaining Power of Consumers
7.1.5 Chromatography Data System (CDS)
5.2.3 Threat of New Entrants
7.1.6 Scientific Data Management System (SDMS)
5.2.4 Threat of Substitute Products and Services
7.1.7 Electronic Data Capture (EDC) and Clinical Data Management
5.2.5 Intensity of Competitive Rivalry Systems (CDMS)
6. MARKET DYNAMICS 7.2 By Component
6.1 Drivers 7.2.1 Services
6.1.1 High Accuracy and Efficiency of Results 7.2.2 Software
TABLE OF CONTENTS
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7.3 By Delivery Mode

7.4.3 Asia-Pacific (APAC)
7.3.1 On-premise
7.4.3.1 China
7.3.2 Web-hosted
7.4.3.2 Japan
7.3.3 Cloud-based
7.4.3.3 India
7.4 By Geography
7.4.3.4 Australia
7.4.1 North America
7.4.3.5 South Korea
7.4.1.1 United States
7.4.3.6 Rest of Asia-Pacific
7.4.1.2 Canada
7.4.4 Middle East & Africa (MEA)
7.4.1.3 Mexico
7.4.4.1 GCC
7.4.2 Europe
7.4.4.2 South Africa
7.4.2.1 United Kingdom
7.4.4.3 Rest of Middle East & Africa
7.4.2.2 Germany
7.4.5 South America
7.4.2.3 France
7.4.5.1 Brazil
7.4.2.4 Italy
7.4.5.2 Argentina
7.4.2.5 Spain
7.4.5.3 Rest of South America
7.4.2.6 Rest of Europe

TABLE OF CONTENTS
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8. COMPANY PROFILES AND COMPETITIVE LANDSCAPE
8.1 Abbott Laboratories (Abbott Informatics Corporation)
8.2 Agilent Technologies
8.3 Cerner Corporation
8.4 LabLynx Inc.
8.5 LabVantage Solutions Inc.
8.6 LabWare Inc.
8.7 McKesson Corporation
8.8 PerkinElmer Inc.
8.9 Thermo Fischer Scientific Inc.
8.10 Waters Corporation
*Competitive Landscape Covers- Business Overview Financials,

Products and Strategies, SWOT Analysis, and Recent Developments
9. FUTURE OF THE MARKET

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1.1 Scope of the Study
1.2 Market Definition

1. INTRODUCTION 1.3 Study Deliverables
1.4 Study Assumptions

INTRODUCTION SCOPE OF THE STUDY
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Laboratory Information Management System (LIMS)

Electronic Lab Notebooks (ELN)
Enterprise Content Management (ECM)
Laboratory Execution System (LES)
By Product Chromatography Data System (CDS)
Scientific Data Management System (SDMS)
EDC and CDMS
Services
By Component
Software
GLOBAL LABORATORY
INFORMATICS MARKET
On-premise
Web-hosted
By Delivery Mode
Cloud-based
North America
Europe
By Geography Asia-Pacific
Middle East & Africa
South America

INTRODUCTION
MARKET DEFINITION MARKET DEFINTION
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• Laboratory informatics is the specialized application of information with the help of a platform consisting of instruments, software, and data management tools that
allow scientific data to be captured, migrated, processed, and interpreted for immediate use, and also for the future use.
• Market size provided in the report has been derived from the revenues generated by products and services. The estimated market size for service has been derived
as a product of the average selling price of service/session or long-term service contract, and total unit.
• The global laboratory informatics market (henceforth, referred to as ‘market studied’) is segmented on the basis of product, component, delivery mode, and
geography. Based on product, the market studied is segmented into laboratory information management system (LIMS), electronic lab notebooks (ELN), enterprise
content management (ECM), laboratory execution system (LES), chromatography data system (CDS), scientific data management system (SDMS), and electronic
data capture (EDC) and clinical data management systems (CDMS). By component, the market is segmented into services and software. By delivery mode, the
market is segmented into on-premise, web-hosted, and cloud-based.
• Geographically, the market studied is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Each region has been divided
further into major countries, for which market size and forecast value will be provided separately. Other countries in that particular region are covered under “Rest of
that region”, for which the market size and forecast value are provided as a whole.
• A holistic study of the market studied has been carried out by incorporating various factors, extending from country-specific demographic conditions and business
cycles, to market-specific microeconomic influences that were needed to analyze future trends. The research uncovers many paradigm shifts in the market studied,
in terms of regional competitive advantage and dynamics, primarily with respect to services.

INTRODUCTION STUDY DELIVERABLES
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AIM AND OBJECTIVE OF THE STUDY
Global and regional-level analysis and forecast of the laboratory informatics market.
FORECAST PERIOD BASE YEAR COMPANIES PROFILED
2018-2024 2017 10
GEOGRAPHICAL SCOPE SEGMENTS COVERED
DROCs
PORTER’S FIVE FORCES ANALYSIS
SEGMENT AND SUB-SEGMENT

ANALYSIS
KEY PLAYERS
COMPETITIVE LANDSCAPE

INTRODUCTION STUDY ASSUMPTIONS
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The base currency considered is the US Dollar (USD). The conversion of other currencies to USD is considered on the
basis of the average exchange rate for the respective review period. The exchange rate conversion for forecast period was
determined according to the base year’s conversion rates.
The base year is identified on the basis of the availability of annual reports and secondary information. The base year
considered for this study is 2017.
The review period considered for this study is 2012-2016. The forecast period is, and the CAGR is for, 2015-2024.
Market size estimations for the forecast years are in real terms. Inflation is not part of the pricing and the average selling
price (ASP) is kept constant, throughout the forecast period for each country.
Distribution of primary interviews conducted is on the basis of the regional share of the market and the presence of key
players in each region.
As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting
estimates are considered to be the final values.

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2. RESEARCH METHODOLOGY

RESEARCH
INTRODUCTION
METHODOLOGY 12
• The research process adopted for this study is a highly structured, two-stage process: size
estimation of the review period and the market engineering for the forecast period, of the global-,
country-, and segment-level data, which leads to the data generation process (DGP) for the
studied variables.
• The size estimations are carried out through multiple bottom-up and top-down approaches. The
bottom-up approach includes the examining of historical revenues of key players, studying the
size of the applications, value and supply chain analysis, and end-user demand, which are then
cross-validated against secondary and primary resources.
• The top-down approach is an astute research process, where the global market sizing is carried
out through the secondary research, validated then by primary industry experts.
Source: Mordor Intelligence Analysis
• In this report, to analyze the future trends for the studied market, during the forecast period, we have incorporated rigorous statistical and econometric methods,
which are further scrutinized by secondary and primary sources, and by our in-house experts, supported by our extensive data intelligence repository.
• The market is studied holistically, from both the demand- and supply-side perspectives. This is carried out to analyze both end-user and producer behavior
patterns during the review period, which affect price, demand, and consumption trends. As the study demands analyzing long-term trends in the market, the
identification of factors influencing the market is based on the fundamentality of the market studied. Through secondary and primary researches, endogenous
and exogenous factors are identified and transformed to quantitative data through data extraction, which are then used for inferential purposes.

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Mordor Intelligence advocates a mix of secondary and primary research to meet the study objectives, through
deliverables defined in added sections.
Knowledge from Similar

Projects Carried Out Before MI translates market
information on healthcare
Research Secondary Research (market dynamics,
Approach (Including Paid and Subscribed
Databases) competition, varying
Primary Research
consumer demands, and
(Qualitative and regulations) into actionable
Quantitative )
business insight.
Insights from Client
(Custom Approach)

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Research Process (1/3)
Step 1 Step 2 Step 3
• Project Initiation • Market Research

• Analysis and Final
• Primary Research
• Secondary Research Deliverable
• Clear understanding of requirement

• Set clear goals and objectives (in case of customization)
Output
• Gather available data and reports from our repository
• Validate the aims and objectives to be met ▪ Report Structure
• Finalize report structure
• Establish and verify “deliverable format”

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• Project Initiation • Market Research • Analysis and Final

• Primary Research Deliverable
• Secondary Research
• Extensive desk-based secondary research,

for market information, opportunities, and Output
market potential
▪ Completed Data Research
• Conduct primary research market/competitor ▪ Complete Interviews
interviews, based on Mordor contacts and ▪ Analysis and Market
Overview Report
market information
• Send out invitations to the panel and begin

interviews
• Monitor quality and progress

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• Project Initiation • Market Research • Analysis and Final

• Primary Research Deliverable
• Secondary Research
• Qualitative analysis of each segment
• Preparation of the report Output
• Answer objectives
▪ PowerPoint Report
• Build report and analyze data

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We collate data from various sources and triangulate the collected data, using multiple verification points.
Primary Sources
Secondary Sources
• Pharmaceutical Associations •Scientific Papers and
• Competitor Heads Publications
• Competitor Portfolio Managers •Industry and Government
• Industry Experts and Thought Websites
Leaders
•Periodicals and News Articles
• Physicians/Hospitals
•Conferences\Internal
• Supplier Side Player Heads
Databases
(Exporters)
• Industry Consultants •Company Websites
• HCP for Therapy Areas (TA) •Industry Journals and Reports

• Distributor Channel •Industry Blogs/Thought
Leader Briefings
Our in-house and external experts validate the data of every project, and we validate the data with our existing repository, to study the market and visualize
the entire ecosystem.

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3. EXECUTIVE SUMMARY

EXECUTIVE SUMMARY
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• The global laboratory informatics market was valued at USD 2,234.46 million in 2017 and is expected to reach USD 3,729.23 million by 2024. It is
estimated to register a CAGR of 7.65%, during the forecast period (2015-2024). Asia Pacific is the fastest growing region and is expected to reach a
1 value of USD 785.26 million by the year 2024, while registering a CAGR of 8.43%.
• The high growth rate for the market studied is primarily due to the increased Increasing applications of lab informatics solutions, Increasing laboratory
workload, the growing need for managing information accurately, and an increasing number of clinical diagnostic procedures. However, lack of
integration standards for laboratory informatics, lack of skilled professionals, and high cost associated with the implementation of laboratory informatics
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solution can hamper the market growth.
• Laboratory Information Management System was the largest segment with a valuation of USD 769.61 million in the year 2017, and is expected to reach
USD 1,245.51 million by the year 2024. Electronic Lab Notebooks represented the fastest growing segment with an estimated CAGR of 8.62%
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• LIMS products have been losing market share to Electronic lab notebooks (ELN) and Laboratory Execution System (LES) in recent years. This trend
can also be observed in the sales growth of LES vendors and the investment of large LIMS providers in the field of ELN and LES. Some of the major
players in this market, such as LabVantage Solutions Inc. have invested heavily in order to develop comprehensive and highly integrated LES and ELN
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capabilities.

EXECUTIVE SUMMARY
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Global Laboratory Informatics Market: Revenue in USD million, 2015-2024
3,729.23
4,000.00
3,500.00
3,000.00 2,395.69
2,234.46
2,096.32
2,500.00 1,958.78
Revenue (in USD million)
2,000.00
1,500.00
1,000.00
500.00
0.00
2015 2016 2017 2018 2024
Year
Forecast period CAGR

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4. KEY INFERENCES

KEY INFERENCES
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Across all industries, laboratory automation has observed a significant rise in demand over the past few years. However, when compared to
01 manufacturing and service industries, the life sciences sector is still lagging in terms of using laboratory automation and laboratory informatics
to improve productivity and quality, which signifies a vast untapped opportunity for laboratory informatics solution providers.
Rising amount of data generated by research and development laboratories is one of the major growth stimulants for the laboratory
informatics market. Rapid growth in adoption of next generation sequencing, and whole genome and exome modalities have led to the 02
generation of massive amounts of data, which is fueling the demand for lab automation and information management activities.
The increasing adoption of laboratory information management systems (LIMS) in hospital and research labs is increasing due to its
03 application scope for the patient engagement, workflow management, billing, patient health information tracking, and quality assurance that is
expected to drive the overall market. There has also been a significant increase in the focus on high quality of samples and efficient
management of samples.
• While there is a growing demand for better integration, most of the organization still decide which product to choose on the basis of what suite will
better fit the existing protocol requirements of the laboratory. This behavior can also be inferred from the high volume of customization of procured 04
systems.

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5. MARKET OVERVIEW AND INDUSTRY TRENDS

MARKET OVERVIEW AND INDUSTRY TRENDS CURRENT MARKET SCENARIO
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The growth of the global laboratory informatics market is due to the increasing application of laboratory
informatics solutions and high accuracy and efficiency of results.
It was stated by the World health Organization that around 5% of the patients face diagnostic errors each year in
the developed countries, and around 7% of the abnormal test results are not delivered to the patient. Thus, to
avoid these diagnostic errors and provide better services, clinics and laboratories are implementing various
tools, such as laboratory information system (LIS) and laboratory information management systems (LIMS).
The increasing adoption of laboratory information management systems (LIMS) in hospital and research labs is
growing due to its application scope for the patient engagement, workflow management, billing, patient health
information tracking and quality assurance that is expected to increase the overall market. There has also been
a significant increase in the focus on high quality of samples and efficient management of samples.
However it has been seen that laboratory informatics is not meeting consumer expectations for integration and
implementation due to issues concerning interoperability. These integration standard, thus, require customization
and additional labor during setup.
In Asia-Pacific, the Laboratory Informatics market is expected to witness a remarkable boost, due to the growing
prevalence of diseases and rising adoption of automation for laboratory data management.

MARKET INSIGHTS PORTER’S FIVE FORCES ANALYSIS
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• The Porter’s five forces model studies the five identified competitive forces
THREAT OF NEW ENTRANTS THREAT OF SUBSTITUTES
that shape every industry and market, in order to determine the intensity of
the competition, and thus, the profitability and attractiveness of the industry
MEDIUM LOW
and market. The objective of the growth strategy is to adapt to these
competitive forces in a manner that may improve the position of the
COMPETITIVE RIVARLY
organization. This study includes an exhaustive Porter’s five forces
framework, incorporating the factors influencing each force, to analyze the HIGH
market from a microeconomic perspective.
• In the study, Porter’s five forces are analyzed considering the factors
influencing each force and quantifying the factors through primaries and BARGAINING POWER OF BARGAINING POWER OF
BUYERS SUPPLIERS
quantitative analysis. The quantified factors are further mapped out to
derive the impact of each force on competitive dynamics.
LOW - MODERATE LOW

MARKET OVERVIEW AND INDUSTRY TRENDS PORTER’S FIVE FORCES ANALYSIS
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• The threat of new entrants in the market is moderate.
• The increasing adoption of informatics in laboratory management is opening new
• The competitive rivalry in the market is high. growth avenues for the new market players
• The presence of major market players, such as • The increasing innovation and rising need for advanced laboratory informatics
Thermo Fischer Scientific, Waters Corporation, solutions is boosting the entry of new players.
Cerner Corporation, Abbott Informatics Corporation, • In addition, he possibility of entry of big data players who have existing expertise in
NEW ENTRANTS
and PerkinElmer Inc., is in turn increasing the overall analytics and cloud computing, such as IMB (IMB analytics) can very well venture
competitive rivalry of the market into this market.
• The product advancements and improvement in the • However, the increasing focus of government bodies on regulations and stringent
informatics platforms by the major players is guidelines for Laboratory informatics is expected to restrict the entry of new players
increasing the competitive rivalry POWER OF
BUYERS • The bargaining power of buyers in the market is low to
COMPETITIVE
RIVALRY moderate.
PORTER’s FIVE
• The buyers of the market studied include clinical laboratories,
FORCES
hospital laboratories, and diagnostics laboratories etc.
• The buyer concentration to firm concentration is very high in the
• The threat of substitute products in the market is low. market, hence, stabilizing the bargaining power of the buyers.
• The external substitution for the market is negligible whereas • With increasing patient pool the demand for laboratory informatics
the internal competition is moderate. is on a rise, hence, strengthening the bargaining power of the
• However, stringent regulations hinder the rapid introduction of buyers
SUBSTITUTE POWER OF
disruptive technologies, thus, leading to low threat of substitute PRODUCTS/SERVICES SUPPLIERS
• The bargaining power of suppliers in the market is low.
products in the market.
• This is due to the presence of several well-established firms in the market.
• The bargaining power of suppliers does not pay a major role in the market
studied as the vendor firms are proprietary inventors of technology/services
sold.
• Only in cases of web-hosting or cloud-based services, the vendors of this
market take help from 3rd party (suppliers) for logistic support.

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6. MARKET DYNAMICS
• 6.1 Drivers
• 6.2 Restraints
• 6.3 Opportunities
• 6.4 Challenges

MARKET DYNAMICS DRIVERS AND RESTRAINTS
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High HIGH ACCURACY AND

EFFICIENCY OF RESULTS
MARKET DRIVERS INCREASING INCREASING NUMBER OF
APPLICATIONS OF LAB DIAGNOSES
Impact
INFORMATICS SOLUTIONS
Low
Low
Impact
LACK OF INTEGRATION LACK OF SKILLED

MARKET STANDARDS FOR PROFESSIONALS
RESTRAINTS LABORATORY INFORMATICS
High

MARKET DYNAMICS DRIVERS
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HIGH ACCURACY AND EFFICIENCY OF RESULTS
• Owing to the increased workload, cost constraints, and advancements in technologies, the nature of pathology is rapidly changing as per the need of the
market. To meet the rising needs of the current world, new laboratory systems are being created with the best technologies.
• New approaches of managing laboratory information are now required to fulfil the changing demand of the healthcare system. The major concern for the
clinicians is the accuracy of the information that they get through various resources.
• However, it was stated by the World health Organization that around 5% of the patients face diagnostic errors each year in the developed countries, and
around 7% of the abnormal test results are not delivered to the patient. Thus to avoid these diagnostic errors and provide better services, clinics and
laboratories are implementing various tools, such as laboratory information system (LIS) and LIMS.
• With the help of such tools, laboratory operations, including the diagnostic tests, have become much easier. The management of the laboratory data and
progress in the laboratory workflow is achieved with the help of laboratory informatics tools and high accuracy is provided. Hence, laboratory informatics
ultimately improves the overall efficiency of the laboratories.
• In addition, the rising efforts of the clinicians and pathologists to provide the best and error-free results are contributing to the increasing demand for
laboratory informatics products and services, which is influencing the market in positive manner.
• Hence there has been a growing demand in research industries and life sciences to reduce the number of errors in qualitative analysis and data
management and high accuracy, all of which is driving the growth of the market.

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INCREASING APPLICATIONS OF LAB INFORMATICS SOLUTIONS
• The increasing adoption of laboratory information management systems (LIMS) in hospital and research labs is growing, due to its application scope for the patient
engagement, workflow management, billing, patient health information tracking and quality assurance that is expected to increase the overall market. There has
also been a significant increase in the focus on high quality of samples and efficient management of samples.
• The LIMS also play a key role in advancing the discoveries with the provision of concerned bio-specimens to the end users, such as hospitals, clinics, etc.
Therefore, bio banking is experiencing a surge in demand and ultimately, for the management of bio banking, LIMS is being used, which is in turn a growth factor
for the market.
• It has also been observed that there is a critical need in the field for personalized medicine to support the rapid delivery of results from the lab directly to the patient,
and this has dramatically increased the informatics integration and workflow challenges in clinical testing and molecular diagnostic labs. In response to such
increasing demand, many systems and solutions, such as the Thermo Fisher Scientific’s LIMS is experiencing increasing adoption, to help meet these challenges.
Thus this increasing demand has helped in the growth of the laboratory informatics market.
• There are also many applications seen in molecular diagnostics, that helps the physicians to improve their diagnoses and treatment of patients through a better
understanding of the unique genetic makeup of both patient and diseases. Therefore the clinical testing labs responding to this increase in genetics-based testing
realize that there needs to be a convergence of functionality between traditional LIS (Laboratory Information System) that manages secure patient information, and
LIMS (Laboratory Information Management System) that enables the full management of laboratory information, sample tracking, dynamic workflows, and
instrument integration.
• In addition, LIMS is also finding applications in forensic science, metal and mining industry, and other biopharma laboratories, and thus the rising applications has
increased the overall demand for the market

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INCREASING NUMBER OF DIAGNOSES
• Laboratory Information Management Systems (LIMS) are widely preferred for management of disease diagnostic data as they meet a broad range of scientific needs
with their ability to provide a suitable environment that is easy to use across multiple disciplines.
• Lung cancer causes one in five cancer-related deaths worldwide that takes about 1.6 million lives a year with high rates of mortality. In England more than one third
of cases are diagnosed after presenting as an emergency, by which time the vast majority are already at a late stage. There has been increasing number of
diagnosis that is increasing the adoption of the lab informatics solutions.
• Thus the increased utility of CT scans in the detection and diagnosis of lung cancer is found to be increasing. To diagnose the lung cancer disease, physicians rely
on the segmentation of lesions on the lungs, using a combination of PET and CT scans. Therefore the number of rising scans is increasing the adoption of the lab
informatics solutions in hospitals and other care centers. The adoption of LIMS in hospitals is found to be rapidly increasing with a large number of enterprises
implementing the solution due to its advantages like better storage and operations.
• There has also been increasing number of genetic variations that comes from thousands of individuals and therefore it can now be identified with NGS whole
genome, exome, targeted and other approaches. However due to the dramatic increase in the number of NGS clinical genomics studies, there are increasingly
developing laboratory information managements systems (LIMS) to manage the thousands of patient samples that are subject to NGS analysis.
• According to the American Cancer Society 2018, the new cancer cases diagnosed is around 1,735,350 new cancer cases and 609,640 cancer deaths in the United
States. This increasing number of cancer cases has increased personalized medicine and has drive the demand for a system that combines features of both a LIMS
and an LIS. This gives rise to systems that manages all information related to patients, from point-of-care testing and diagnostics to treatment and thus helps in
increasing the market. This also often includes execution of complex, sample-oriented work flows (including data from sophisticated, automated instruments) while
ensuring good laboratory practices, regulatory compliance, and the security of patient information.
• Hence the increasing number of diagnosis has helped in the adoption of the lab informatics solutions thus driving the market.

MARKET DYNAMICS RESTRAINTS
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LACK OF INTEGRATION STANDARDS FOR LABORATORY INFORMATICS
• The ability to exchange and manage the healthcare data effectively is found to be hampered by a lack of integration standards on multiple levels. There is an
increased data volume that presents the opportunity to improve innovation and enable timely and effective business decisions, it also presents significant data
management and integration challenges.
• In order to meet this challenge laboratories are looking to integrate laboratory operations and processes as much as possible in order to provide digital continuity
throughout the product lifecycle. Integrating laboratory instruments with the Laboratory Information Management Systems (LIMS) is one of the best ways to
automate laboratory processes.
• For instance, the human genome sequencing project and the national institute of health roadmap initiative are found to be two examples. These were the large
multiparameter projects that were impossible a few years ago. Unfortunately, there are various LIMS implementation projects that either run out of time or lose
the momentum before they are able to accomplish their initial instrument integration goals.
• There are two elements that make Implementation and integration particularly crucial to the success. The integration with existing laboratory hardware and
software, including the Laboratory Information System (LIS), is vital to ensuring that the full benefits of digital pathology can be achieved. If that doesn’t happen,
or if it doesn’t runs smoothly, consumers are justly concerned that the efforts spent on this expensive endeavor won’t pay off.
• However it has been seen that laboratory informatics is not meeting consumer expectations for integration and implementation due to issues concerning
interoperability. These integration standard, thus require customization and additional labor during setup. It also run into problems more regularly as pathology
labs are growing and expanding.
• However the long-term consequence of poor integration and implementation is that consumers are bound to a particular vendor.
• Hence, there is a need for effective instrument integration that is crucial to improving the LIMS adoption and utilization rates, and a key factor in enhancing
productivity, efficiency, data integrity and innovation in your laboratory environment. Thus, all these factors are found to hamper the growth of the overall market.
MARKET DYNAMICS RESTRAINTS
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LACK OF SKILLED PROFESSIONALS
• As per the survey of Healthcare Information and Management Systems Society (HIMSS) 2017, the scarcity of skilled healthcare IT labors and
professionals is the major point of concern in the healthcare industry. Developed countries are also facing the challenge of lack of skilled labors.
• The US healthcare industry is currently facing a shortage of skilled labors in the healthcare IT sector, even though the country has a well-established
industry and people have higher adoptability to novel technologies. This lack of the skilled labors is ultimately affecting the market of laboratory
information systems (LIS). The labors who lack system and data integration knowledge cannot operate the LIS software.
• It has also been observed that there is a lack of professional courses on healthcare/hospital/lab informatics in medical schools across various regions,
particularly the developing nations and this is the major reason found for the dearth of skilled labors.
• For the end users of LIS, it is very difficult to find a person who can handle the software with ease. Therefore, it becomes one of the major limiting
factor for the end users to implement LIS in the point of care.
• Developing countries, like India, are growing rapidly in terms of population but the healthcare facilities provided are not up to the mark. To implement
services, like LIS in India, scarcity of tech-friendly labors becomes the major factor that restricts the end users from using LIS.
• However, the lack of skilled professionals and lack of integration of the old and new systems may hinder the market growth

MARKET DYNAMICS OPPORTUNITIES
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INCREASING ACCEPTANCE IN BIOBANKS/BIOREPOSITORIES
• The collection, storage, and distribution of the biological materials for research and improving the health have been employed and therefore the
biorepositories have been used to maintain and reallocate these specimens using the advanced laboratory information management systems.
• Biobanks/Biorepositories are thus found to play a critical role in the research information network, and require an advanced laboratory information
management system (LIMS) to manage its bio specimen locations, online request management, data compliance and security, instrument integration,
chain of custody and patient demographics and client billing.
• The biorepositories have also been used to maintain and reallocate these specimens. Historically, the Department of Defense (DoD) has been maintaining
biorepositories and using the materials stored to expand the understanding of diseases and for developing medical countermeasures since the Civil War.
Other US government and nongovernmental organizations are also engaged in curating human and other samples for future studies.
• The Thermo Scientific Nautilus LIMS for Biobanks and Biorepositories enables an integrated research information network by improving sample
management and facilitating flawless transmission of data between multiple laboratories, partner organizations and the FDA. Hence, standardizing on a
single LIMS solution across collaborating organizations is a means of achieving easy data sharing and public access to findings. It is thus a vital
component, offering laboratories the security, interconnectivity, instrument integration, and data management capabilities necessary to manage complex
biobanks and biorepositories.
• BioBank softwares is a biobanking LIMS designed to meet the specific needs of biorepositories. It thus provides a powerful management tool for single-
site or multi-site biobanks, to promote scientific collaboration, maximize the value of samples and meet the regulatory requirements.
• Hence all these factors are providing growth opportunities for the laboratory informatics market to grow.

MARKET DYNAMICS CHALLENGES
35
COST ASSOCIATED WITH IMPLEMENTATION OF LABORATORY INFORMATION MANAGEMENT SYSTEMS
• Laboratory information management systems (LIMS) is one of the most popular and widely used services in the healthcare sector, especially in the
labs. As efforts are being taken to improve the laboratory operations to make it better, the demand for LIMS is rising. With the increasing demand,
LIMS is technologically advancing and its overall cost is thus found to be increasing, thus, escalating the implementation costs.
• Similarly, the cost of implementation for LIMS is quite high and is not affordable by everyone. The countries, in which the healthcare expenditure is
low, the implementation of such high cost systems and services become challenging, and it results in declining demand.
• The LIMS License fees of the laboratory information management system is also found to make the major cost of implementation process. While
many of the LIMS in the market today are working on the Software-as-a-Service model, there are still quite a few solutions which require expensive
hardware purchase to implement.
• The hardware of the systems are also costly and so is its maintenance. Therefore due to the high maintenance cost of these systems, the overall cost
of test increases, and the end users hesitate to obtain the services.
• In addition, the service costs are also being added to the implementation and therefore, all the cost associated with the LIMS solution is negatively
affecting the market studied.

MARKET SEGMENTATION
36
7. SEGMENTATION
• 7.1 By Product
• 7.2 By Component
• 7.3 By Delivery Mode
• 7.4 By Geography

MARKET SEGMENTATION
37
7.1 BY PRODUCT
• 7.1.1 Laboratory Information Management System (LIMS)

• 7.1.2 Electronic Lab Notebooks (ELN)
• 7.1.3 Enterprise Content Management (ECM)
• 7.1.4 Laboratory Execution System (LES)
• 7.1.5 Chromatography Data System (CDS)
• 7.1.6 Scientific Data Management System (SDMS)
• 7.1.7 Electronic Data Capture (EDC) and Clinical Data Management Systems
(CDMS)

MARKET SEGMENTATION BY PRODUCT
38
Laboratory Informatics Market: Revenue in USD million, by Laboratory Informatics Market: Share (%), by Product,
Product, Global, 2015-2024 Global, 2017
Product 2015 2016 2017 2018 2024 CAGR (%)

15.63%
Laboratory Information
680.62 725.22 769.61 821.53 1,245.51 7.18%
Management System 34.44%
9.30%
Electronic Lab Notebooks 267.61 288.98 310.80 336.23 552.30 8.62%
Enterprise Content 8.73%

208.01 220.83 233.49 248.33 368.29 6.79%
Management
7.54%
Laboratory Execution System 146.57 157.49 168.55 181.45 289.39 8.09% 13.91%
10.45%
Chromatography Data System 171.08 183.02 195.01 209.00 324.58 7.61%

Laboratory Information Management System
Scientific Data Management
181.19 194.39 207.71 223.24 352.67 7.92% Electronic Lab Notebooks
System Enterprise Content Management
Electronic Data Capture and Laboratory Execution System
Clinical Data Management 303.70 326.39 349.29 375.93 596.50 8.00% Chromatography Data System
Systems Scientific Data Management System
Electronic Data Capture and Clinical Data Management Systems

MARKET SEGMENTATION BY PRODUCT LIMS
39
• Laboratory information management system (LIMS) segment of market studied was valued at USD
769.61 million in 2017, and is expected to reach a value of USD 1245.51 million by 2024, while Laboratory Informatics Market: Revenue in USD million,
registering a CAGR of 7.18%. LIMS, Global, 2015-2024
• Laboratory information management system (LIMS) helps in the effective management of samples
and the data associated with them; through the use of LIMS, labs can integrate instrument, manage 1,245.51
samples, and automate workflows.
• LIMS are usually intended for the laboratories having recurring workflows, such as quality control
laboratories. LIM system contains a special data structure, and the processes of the laboratory
821.53
(workflow) should already be established in a certain format. 769.61
725.22

680.62
• LIMS can very well cover constantly recurring workflows in the lab, such as checking a batch
produced with a defined test plan, in order to create a certificate. For ever-changing workflows, such
as in R&D, LIMS are only conditionally applicable.
• Many LIM-systems have a basic functionality, which can be extended further by the addition of
functional modules. The usability and user-friendliness are essential aspects, and modern LIMS
posses dashboard functions, which can be customized on a case per case basis.
2015 2016 2017 2018 2024
• LIMS products have been losing market share to Electronic lab notebooks (ELN) and Laboratory
Execution System (LES) in recent years. This trend can be observed in the sales growth of LES Year
vendors and in the investment of large LIMS providers in the field of ELN & LES. Some of the major
players in the market studied, such as LabVantage Solutions, Inc., have invested heavily in order to
develop comprehensive and highly integrated LES and ELN capabilities.
MARKET SEGMENTATION BY PRODUCT LIMS
40
• In comparison to other laboratory Informatics products, LIMS has one of the highest adoption
rates with even most conservative laboratories utilizing LIMS.
Laboratory Information Management System
• One of the primary reasons for high adoption of LIMS is its functionality to meet regulatory Market: Company Share (in Percentage), 2017
requirements, such as GxP, ISO17025, and 21 CFR Part 11. Several companies use LIMS to
access the data in a relational database securely and to keep it traceable through a robust audit
trail. LabWare Inc.
• However, LIMS implementations are known for often being extensively lengthy and cost intensive. 9% 3% LabVantage Solutions Inc.
This is, in some part, due to the diversity of requirements within each lab, but also due to the Agilent Technologies
8%
inflexible nature of most LIMS products for adapting to these widely varying requirements.
Perking Elmer Inc.
3%
• Newer LIMS solutions are beginning to emerge that take advantage of modern software design Abbott Informatics
that is inherently more configurable and adaptable. This is resulting in much faster 54% 9%
Thermo Fisher Scientific
implementation times, lower costs, and decreased risk of obsolescence. Inc.
Biovia (Accelrys Inc.)
9%
• In addition, the adoption rates of web-based laboratory information management solutions is
Waters Corporation
increasing. Web-based solutions offer the ability to run the LIMS in the web browser of 3%
2% Others
smartphones, PC, and Tablet, which significantly increase the ease of use.
• Key players in the LIMS market include firms, such as LabLynx, Inc, LabWare, and Lab
Equipment and solution providers, including PerkinElmer, Abbott, Thermo, and Waters
Corporation.

MARKET SEGMENTATION BY PRODUCT ELN
41
• The Electronic Lab Notebooks (ELN) is the fastest growing segment of the market. The growth is
Laboratory Informatics Market: Revenue in USD million,
driven by multiple factors, such as increasing complexity and importance of compliance with
ELN, Global, 2015-2024
external regulation, IP protection, instrument management, as well as workflow management and
quality control.
552.30
• An ELN is a secure system that assembles data from multiple sources that are related to each
other, allows for annotation, and packages it in a legally acceptable document, which can be
searched, mined, and collaborated.
• In contrast to LIMS, which mostly concerns sample tracking, ELN systems essentially record
336.23
experimental data, which can include, for example, structural formulas, biological processes, 310.80

288.98
synthesis equations, NGS data, protein data, and spectral data, etc. 267.61
• The ELN offer much higher flexibility than a LIMS, and is not limited to recurring processes, thus
ELN are preferred in R&D laboratories where workflow varies significantly on day-to-day basis.
• While the vast majority of companies are keen to adopt ELN in areas, such as formulation,
bioanalytics or R&D, there remain a number of challenges preventing the 'paperless’ laboratory
environment. As a relatively new technology, the ELN introduces innovative ways of working and
2015 2016 2017 2018 2024
unfamiliar procedures. The biggest obstacle is the integration and interoperability between the
new system and the existing laboratory infrastructure. Year
• Adoption of Cloud and web-based ELN services is gaining traction, since they can run on
multiple devices and reduce the cost of maintaining a local server.

MARKET SEGMENTATION BY PRODUCT ELN
42
Electronic Lab Notebooks Market: Company Share (in

Percentage), 2017
6%
11%
2%
15%
52%
5%
3%
6%
LabWare Inc. Thermo Fisher Scientific Inc. LabVantage Solutions Inc.

Agilent Technologies Perking Elmer Inc. Biovia (Accelrys Inc.)
Abbott Informatics Others

MARKET SEGMENTATION BY PRODUCT ECM
43
• The Enterprise Content Management (ECM) segment of market studied was valued at USD
223.49 million in 2017, and is expected to reach a value of USD 368.29 million by the year 2024, Laboratory Informatics Market: Revenue in USD million,
while registering a CAGR of 6.79%. ECM, Global, 2015-2024
• By definition, enterprise content management is the systematic collection and organization of

information that is to be used by a designated audience. 368.29
• Organization store the data generated in several different locations, enterprise content
management system logically organizes whole data and makes it searchable and sharable, so that
involved researchers can spend less time collecting data, or waiting for information to arrive from
248.33
another location. 233.49
220.83
208.01

• ECM stores research data, corporate records, electronic notebooks, LIMS data, SOPs, IP records,
marketing collateral, Instrument data, lab reports, manufacturing batch records, record of partners
and customers, among others.
• ECM systems make research and manufacturing process faster and more efficient. This has led to
laboratories requiring more robust and scalable data management systems to stay competitive.
• However, both capital and running cost of ECM systems is high, which hinders its adoption in
small operations and developing economies.
2015 2016 2017 2018 2024
• A significant driver of the market is the growing demand for connected and digital workplace. The
Year
ability of ECM to enable end-to-end management of an organization’s content, from capture to
disposition and flexibility to access, or deliver content anytime-anywhere, is expected to drive the
market during the forecast period.

MARKET SEGMENTATION BY PRODUCT ECM
44
• While there is growing demand for better integration, most of the organizations decides what ECM to choose on the basis of what suite will better fit the protocol
requirements, this behavior can also be inferred from the high percentage of customization of procured system.
• Moreover, recent technological advancements in the field of Information technology has led to the decline in the adoption rates of traditional ECM as they are
commonly hosted on the local servers where their usage is limited to single place or region. Furthermore, the content services platforms which are accessible
worldwide are responsible to further hinder the growth of ECM market in the forecast period.
*The companies operating in this segment are mostly major IT firms whose revenue is relatively very big with respect to the covered segment. Hence the company share analysis is not included.
Moreover, the firms operating in this segment are independent of the healthcare segment.

MARKET SEGMENTATION BY PRODUCT LES
45
• Laboratory Execution System (LES) segment of market studied was valued at USD 168.55 Laboratory Informatics Market: Revenue in USD million,
million in 2017, and is expected to reach a value of USD 289.39 million by 2024, while LES, Global, 2015-2024
registering a CAGR of 8.09%.
• Similar to the ELN systems, the Laboratory Execution Systems are strongly geared toward
achieving laboratory efficiency. In contrast to the massive Enterprise Content Management
289.39
and laboratory information management systems, which contains several modalities, LES
are aligned only to the essential parts to fulfill the requirements.
• LES are generally much slimmer and are employed to support the lab workers in the
181.45

execution of workflows.
168.55
157.49
146.57
• Modern LES integrate into the enterprise software strategy and are perceived as an addition
to the functionality of the ERP system.
• Through a good integration to ERP and lean laboratory function of LES, the running costs
for laboratory IT solution can be significantly reduced in the case of ERP/LES solution,
compared to a classic LIMS/ERP solution.
• LES are often optimized for global deployment at multiple sites through cloud and web 2015 2016 2017 2018 2024
integration, which eliminates the need for on-site installations, further reducing the running
Year
costs.

MARKET SEGMENTATION BY PRODUCT LES
46
• The forecast for LES products is positive, and LES products are taking up the consumer base of the classic LIMS suppliers.
• Several LES vendors are implementing the software, with a strong integration into the existing business software solutions as an add-on. The integration with ERP
solutions, such as SAP, Navision, JDEdwards, which are already being used by most manufacturing companies, and the addition of necessary laboratory
functionality by means of LES is leading to the higher adoption rates.
• Furthermore equipment manufacturers, such as Thermo fisher are also providing completely integrated LES functionality as part of its Laboratory IT suite.
Furthermore, fully web-based LES/ELN, such as LabVantage, are also available, which is leading to higher market adoption.
*Almost all the firms provide LES modality integrated with either ELN or LIMS, therefore their company share analysis cannot be tracked separately, as the integrated products market
share has been included in the both ELN and LIMS segment.

MARKET SEGMENTATION BY PRODUCT CDS
47
• Chromatography Data System (CDS) segment of market studied was valued at USD 195.01
million in 2017, and is expected to reach a value of USD 324.58 million by 2024, while registering
CDS, Global, 2015-2024
a CAGR of 7.61%.
• Chromatography data management systems (CDMS) are a set of dedicated data collection and
processing tools that interface and integrate laboratory's chromatography equipment. Very often, 324.58
the equipment manufacturers offer robust CDS with the devices.
• In the analytical laboratory, chromatographic methods, such as HPLC, GC, GC / MS, LC / MS,
GPC, etc., are often used in high throughput, and as the samples are usually analyzed in batches
209.00
on the devices, its software can be utilized for laboratory automation. 195.01
183.02

171.08
• Several universal chromatography data systems are available in the market, which can be used in
devices from multiple manufacturers, and are designed for instrument control, data acquisition,
processing, and reporting.
• These universal CDS posses a high capacity for customization, and provide users with powerful
data analysis tool, with comprehensive calibration and calculation options.
• Several market players are offering CDS, which easily integrate with LIMS, PCS/SCADA, ERP,
2015 2016 2017 2018 2024
and other commonly used data management systems. Furthermore, there is a growing trend of
enabling custom pre- and post-run plug-ins to enhance operator experience and functionality. Year

MARKET SEGMENTATION BY PRODUCT CDS
48
Chromatography Data System Market: Company Share (in

Percentage), 2017
• The use of a chromatography data system is becoming vital for compliant,
efficient, and reliable handling of chromatographic data. CDS ensure data
8%
quality and enable efficient management of all analytical processes from
instrument control, to raw data storage and processing, right through to 21%
generating the final results.
• Several equipment manufacturers are also offering very comprehensive CDS

with the devices. Renowned international manufacturers of CDS are Waters 7%
Empower, Thermo Fisher Chromeleon, and Agilent Open Lab CDS.
3%
61%
Thermo Fisher Scientific Inc. Agilent Technologies

Perking Elmer Inc. Waters Corporation
Others

MARKET SEGMENTATION BY PRODUCT SDMS
49
• Scientific Data Management System (SDMS) segment of market studied was valued at USD Laboratory Informatics Market: Revenue in USD million,
207.71 million in 2017, and is expected to reach a value of USD 352.67 million by 2024, while SDMS, Global, 2015-2024
registering a CAGR of 7.92%.
• Various form of data is generated in the laboratory, with the use of measuring instruments. From a
single numerical weight on the scale to the complex 2D NMR spectrum, the modern 352.67
devices enable electronic data to be stored and managed.
• However, the raw data generated during measurement, such as IR spectrum, is usually stored in a
proprietary manufacturer-dependent file format. These files can be opened and edited with the
223.24
software of the designated devices, and data can be stored on virtual servers of device 207.71

194.39
181.19
manufacturers for an extended period of time, however, this process can be resource-intensive.
• Thus Scientific Data Management Systems (SDMS) are utilized, which take over the storage and
administration of the raw data and the metadata that has been generated during the
measurement.
• SDMS allow the acquisition of the most diverse data formats from different manufacturers and the
conversion into a generic data formats, such as Allotropic, AniML, XML, etc.
2015 2016 2017 2018 2024
• Apart from experimental data Metadata on the measuring time, the measuring instrument,
Year
operator, measurement parameters, etc., can be safely stored in the database by the SDMS,
which makes the search for measurements and their metadata easier.

50
Scientific Data Management System Market: Company Share (in Percentage), 2017
15%
8%
10%
61%
6%
Waters Corporation Abbott Informatics Thermo Fisher Scientific Inc. Agilent Technologies Others

MARKET SEGMENTATION BY PRODUCT EDC AND CDMS
51
• Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS) segment
of market studied was valued at USD 349.29 million in 2017, and is expected to reach a Laboratory Informatics Market: Revenue in USD million,
value of USD 596.50 million by 2024, while registering a CAGR of 8.00%. EDC and CDMS, Global, 2015-2024
• Electronic Data Capture (EDC) is finding its application in the fields of clinical trials, where
it is primarily used to collect clinical trial data in electronic form as opposed to paper form. 596.50
• Most of the modern Clinical Data Management System and electronic data capture
software are typically web-based and utilize a thin client, i.e., web browser can be used to
access most of their features.
375.93

349.29
• Today, the integration of EDC and CDMS software with other types of software in the 326.39
303.70
eClinical spectrum, such as supply management, randomization, adverse event reporting,
coding, submissions, etc., is becoming increasingly feasible and beneficial.
• Moreover, due to the multicenter nature of most clinical trials, the ability to quickly and
reliably import electronic data from sources, such as imaging data sources, lab reports,
patient registry, and electronic health records, is registering high demand.
• As the medical industry embraces new technologies and innovations, including electronic 2015 2016 2017 2018 2024
health record, the volume of information collected before and during the clinical trials
Year
continues to grow. As such, comprehensive and robust data collection and efficient
management are now becoming a priority for clinical research organizations (CROs) and
pharmaceutical firms involved in clinical trials.
MARKET SEGMENTATION BY PRODUCT EDC AND CDMS
52
Electronic Data Capture and Clinical Data Management

Systems Market: Company Share (in Percentage), 2017
• New generation of EDC systems are being delivered through the cloud,
which allows customers to benefit from rapid and efficient EDC deployment 28 13.63825
without high upfront costs, system investment, or ongoing maintenance 2.6897
issues.
304.9657068
Parexel International Corporation MediData Solutions Inc.
DataTrak International, Inc. Others

DataTrak International, Inc.

MARKET SEGMENTATION
53
7.2 BY COMPONENT
• 7.2.1 Services
• 7.2.2 Software

MARKET SEGMENTATION BY COMPONENT
54

by Component, Global, 2017
Laboratory Informatics Market: Revenue in USD million, by Component, Global,

2015-2024
Disease 2015 2016 2017 2018 2024 CAGR (%)
Services 1,096.46 1,176.10 1,256.43 1,350.14 2,130.35 7.90

44%
Software 862.33 920.22 978.03 1,045.55 1,598.88 7.34
56%
Services Software

MARKET SEGMENTATION BY COMPONENT SERVICES
55
• The Services segment of the global laboratory informatics market was valued at USD 1256.4
Laboratory Informatics Market : Revenue in USD million,
million in 2017, and is expected to reach USD 2130.3 million by 2024, with a CAGR of 10.38%,
Services, 2015-2024
during the forecast period.
• The services offered in the market includes Lab Informatics Strategic Services (LISS), LIMS
2,130.4
Implementation Services, ELN Implementation Services, Data Analytics, Computer System
Validation (CSV), R&D Application Management Services, QA/QC Application Management
Services, and several other services.
• When properly implemented and managed, Informatics Systems can significantly improve the
effectiveness and efficiency of an organization’s laboratory operations. And the informatics 1,350.1
1,256.4
services play an important role for the implementation of laboratory informatics, and most of the 1,176.1
1,096.5
times, the services are cheap when compared to purchasing the software.

• Furthermore, the automation of the laboratory processes and the integration of their data
provides a platform to drive scientific decisions, improve quality, and ultimately enable scientists
to productively advance research, development, and manufacturing. Hence, for all these
processes, the services plays an important role.
• In the current laboratory informatics, not all the companies or the organisations are implementing
informatics management by internal sources. A large number of companies still depended on the
vendor services, hence the usage of the lab informatics as externally procured services is 2015 2016 2017 2018 2024
growing each year.
Year
• Also, with the increasing adoption of informatics, and with the companies with budget
constraints, the usage of these services is expected to rise in the coming years.
MARKET SEGMENTATION BY COMPONENT SOFTWARE
56
• The Software segment of the global laboratory informatics market was valued at USD 978.03 million in 2017,
and is expected to reach USD 1598.9 million by 2024, with a CAGR of 7.34% during the forecast period.
Software, 2015-2024
• Software is the major part of the laboratory informatics market and it plays a critical part in the informatics.
• As the pace and complexity of R&D activities continues to increase, it is becoming imperative for companies 1,598.88
to optimize their LIMS implementations in order to maximize, both user satisfaction and business value.
• Given that a LIMS project can cost a company hundreds of thousands to millions of dollars, and require
hundreds of labor hours to implement, hence with the increasing number of companies that are providing the
software, the cost is expected to come down, and thereby the market is expected to rise positively over the
forecasted period. 1,045.55
978.03
• It is clear that this is a time of real disruption in informatics. While some laboratories still cling to traditional 920.22
862.33
processes and paper-based workflows, there is huge potential for a new world of integrated technologies that
can enable new research or increase a laboratory’s throughput or capability for collaboration.

• Many of these technologies have been around for some time, but are now becoming a reality through a
convergence between availability of applications, data, IoT technologies, and AI/machine learning capabilities,
all tied together through cloud computing.
• Combining traditional laboratory informatics processes with AI technology could open up huge potential to
advance research and provide faster and more specialized treatments to patients. Here, the software plays a
major role, and this is boosting the software market.
• By the current software technology, the approximation of the human cognition of complex medical data can 2015 2016 2017 2018 2024
become easy, freeing researchers to work on other areas of the work and accelerating research, or helping a
Year
physician to get to an accurate diagnosis in less time. Hence all these factors are expected to boost the
market in the coming years. Forecast period CAGR

MARKET SEGMENTATION
57
7.3 BY DELIVERY MODE
• 7.3.1 On-premise
• 7.3.2 Web Hosted
• 7.3.3 Cloud-based

MARKET SEGMENTATION BY DELIVERY MODE
58
Laboratory Informatics Market: Revenue in USD million, by Delivery Mode, Laboratory Informatics Market: Revenue Share (%), by
Global, 2015-2024 Delivery Mode, Global, 2017
Technology 2015 2016 2017 2018 2024 CAGR (%)
On-premise 364.07 383.26 401.84 423.79 597.56 5.89 18%

On-premise
32%
Web Hosted 975.22 1,042.80 1,110.57 1,189.69 1,842.50 7.56
Web-hosted
Cloud-based 619.50 670.25 722.05 782.20 1,289.18 8.68
50%
Cloud-based

MARKET SEGMENTATION BY DELIVERY MODE ON-PREMISE
59
• On-premises software is a type of software delivery model, wherein the software is installed and operated
from a customer's in-house server and computing infrastructure. Laboratory Informatics Market: Revenue in USD
• It utilizes an organization’s native computing resources, and requires only a licensed or purchased copy of million, On-premise, Global, 2015-2024
software from an independent software vendor.
• Although cloud-based model is becoming increasingly favorable in the marketplace, there are benefits that 597.6
the on-premise model offers that often fall short in the case of cloud-based models.
• In many cases, laboratory informatics software has to abide by an array of government regulations designed
to determine the privacy of patient’s data, which seldom means keeping sensitive data stored in private data
423.8
centers. Security can be a legitimate determining factor in choosing to store data and apps on-premises, as 401.8
383.3
many companies prefer not to outsource IT services to third parties. 364.1
• One particular factor driving the growth for on-premise models for laboratory informatics is accessibility, i.e.,

access to cloud resources can become a problem due to bandwidth constraints for global companies, with
remote sites in multiple countries.
• The on premise model offers accessibility using private WAN connections to private data centers, which is
more reliable and consistent, compared to using public cloud offerings and relying on the Internet as the
primary access method.
• In developing countries with less efficient internet connectivity infrastructures, internet service interruptions
can cripple an entire organization from accessing essential data from the cloud. On-premise models are a 2015 2016 2017 2018 2024
good bet in such cases. Physical servers do not depend on internet bandwidth for speed of service and allow Year
faster access to larger files. Even the IT team has more control over the applications using data and the end-
users who are accessing it. The drawbacks of on-premise storage are mostly physical and cost-related.
MARKET SEGMENTATION BY DELIVERY MODE WEB HOSTED
60
• A web hosted Laboratory Informatics service is a licensed, web hosted subscription that is paid for, on a low monthly
or annual fee basis, as opposed to a customer, on-site installed, lump sum license purchase.
Laboratory Informatics Market: Revenue in USD
million, Web Hosted, Global, 2015-2024
• The Laboratory Informatics exists on a provider’s server instead of at the lab or business, and users access it through
the web. 1,842.5
• The main difference between a subscription-based laboratory informatics service (web-hosted) and a direct purchase
on-site LIS is the initial cost and total cost of ownership (TCO). The hosted laboratory Informatics is many times less
expensive than the direct purchase model and thus allows more labs to get high-end LIS applications deployed quicker
and with less total cost than the traditional model. Often the total annual cost for a hosted laboratory Informatics is less
1,189.7
than the annual maintenance costs alone, for the direct purchased laboratory Informatics. 1,110.6
1,042.8
• The hosted LIS will change the face of the LIS industry over the next three to five years, by lowering the total cost of 975.2
LIS for the laboratory, including implementation, maintenance, and support costs are less.

• The major advantage of a true web application is its architectural simplicity. To run any true web application, all you
need is a PC with a web browser Internet access. There is no software installed on the PC, so there is no need to worry
about the software’s configuration, computer’s disk space, memory, and most importantly, conflicts with other software.
All modern PCs come equipped with a browser, and internet connectivity is now so prevalent that you can use web-
based applications from anywhere at any time.
• Web-based software actually resides and runs on a remote computer and the data is stored within a database that may
be installed on the same or different computer. 2015 2016 2017 2018 2024
Year
• Web-based applications have far more reasonable demands on the client PC’s memory than locally-installed programs.
All these factors are thrusting growth for the web-hosted services segment, but over the forecast period, cloud-based is
expected to take the lead.
MARKET SEGMENTATION BY DELIVERY MODE CLOUD-BASED
61
• Traditional on-premise software dominated the laboratory informatics marketplace for a long-time. However, they Laboratory Informatics Market: Revenue in USD
often carried a high price tag and required physical IT space. million, Cloud-based, Global, 2015-2024
• Recently, cloud started changing the equation for healthcare management. In cloud-hosted mode, everything is
1,289.18
hosted off-site in a remotely-managed data center.
• The cloud-based delivery model makes the software extremely flexible regarding scalability (pay-as-you-go
storage utilization). It simplifies and consolidates storage resources to reduce costs and enhance workflow, by
eliminating departmental silos of clinical information. The storage and server power for the organization is hosted
off-premise. The cloud vendor provides all the off-premise system support resources.
782.20
• Owing to cost advantage and availability, the cloud-based laboratory informatics market is expected to grow at a
722.05
high rate during the forecast period. Due to the presence of hardware and system components at the vendor’s 670.25
619.50
data center, there is a greater degree of responsiveness.

• The large and reputed vendors of IT are entering the cloud market. The cloud infrastructure also guarantees true
disaster-recovery and business continuity solutions, to support the quality of patient care. Hence, cloud services
are expected to continue to grow in the healthcare industry and in the LIS market. They are expected to follow
predicted trends in the years to come.
• Cloud technology moves data physically out of the organization, thus eliminating the maintenance and storage
costs for buyers of this service, as these become the concerns of the supplying vendor. This feature about cloud
technology is a key market driver. 2015 2016 2017 2018 2024
Year
• However, it can also be a restraining factor for the market. As this technology moves databases outside healthcare
organizations, chances of data breaches increase by multiple fold, at least from healthcare provider’s point of view.

MARKET SEGMENTATION BY GEOGRAPHY
62
7.4. BY GEOGRAPHY
• 7.4.1 North America
• 7.4.2 Europe
• 7.4.3 Asia-Pacific
• 7.4.4 Middle East & Africa
• 7.4.5 South America

63
Laboratory Informatics Market: Revenue in USD million, by Geography, Global, 2017
by Geography, Global, 2015-2024
Region 2015 2016 2017 2018 2024 CAGR (%)

4.58%
3.86%
North America 933.28 999.87 1,066.90 1,145.11 1,793.97 7.77
Europe 469.79 500.70 531.49 567.48 861.66 7.21 20.02%
47.75%
Asia-Pacific 386.64 416.77 447.44 483.18 785.26 8.43
Middle East & Africa 78.36 82.43 86.35 91.00 127.73 5.81
South America 90.72 96.55 102.28 108.92 160.61 6.69 23.79%
North America Europe

Asia-Pacific Middle East & Africa
South America

64
North America Europe Asia-Pacific

CAGR: 7.77% CAGR: 7.21% CAGR: 8.43%

million, by Region, Global, 2017
1,066.90
531.49
447.44
86.35 102.28 South America

CAGR: 6.69%
North America Europe Asia-Pacific Middle East & Africa

CAGR: 5.81%
Middle East & Africa South America

MARKET SEGMENTATION BY GEOGRAPHY NORTH AMERICA
65
7.4.1 NORTH AMERICA
• 7.4.1.1 United States
• 7.4.1.2 Canada
• 7.4.1.3 Mexico

MARKET SEGMENTATION BY GEOGRAPHY NORTH AMERICA
66
Laboratory Informatics Market: revenue

Share (%), by Country, North America, 2017
Laboratory Informatics Market: Revenue in USD million, by

5.44%
Country, North America, 2015-2024
8.25%
Country 2015 2016 2017 2018 2024 CAGR (%)
United States 803.34 861.83 920.84 989.67 1,563.01 7.91
Canada 77.96 83.00 88.01 93.88 141.65 7.10
Mexico 51.97 55.04 58.05 61.56 89.31 6.40
86.31%
United States Canada Mexico

MARKET SEGMENTATION BY GEOGRAPHY NORTH AMERICA UNITED STATES
67
• The US segment of the market studied was estimated to be valued at USD 920.84 million in 2017, and is
expected to reach USD 1,563.01 million by 2024, recording a CAGR of 7.91%, during the forecast period.
• Increasing demand for lab automation and information management activities, due to rising amount of data
million, United States, 2015-2024
generated by research and development laboratories is one of the major growth stimulants for the US market,
along with growing prevalence of chronic diseases and rising R&D expenditure.
1,563.01
• According to several recent surveys, the US population now feels that it is important to develop an
understanding of new sources for data capture and how that impacts CDMs (Clinical Data Management).
Changes in the political and technological environment are also expected to influence the way data is
managed in clinical trials and research.
• In the United States, laboratory automation has observed a significant rise in demand over the past few years, 989.67

920.84
owing to the fact that it is a multi-disciplinary strategy to research, develop, optimize, and capitalize on 861.83
803.34
technologies in the laboratory that enable new and improved processes.
• In the country, laboratory automation professionals are academic, commercial and government researchers,
scientists and engineers, who conduct research and develop new technologies to increase productivity,
elevate experimental data quality, reduce lab process cycle times, or enable experimentation that otherwise
would be impossible.
• Most pharmaceutical and biotechnology companies, and in part also academic labs, in the United States,
have automated sections of their processes and make use of liquid-handling systems, especially those
pursuing high-throughput screenings. But compared with manufacturing and service industries, the life 2015 2016 2017 2018 2024
sciences sector is still lagging behind, in terms of using laboratory automation and laboratory informatics to
Year
improve productivity and quality. However, all the aforementioned factors are expected to drive the growth of
Forecast Period CAGR
the market in the United States, over the forecast period.

MARKET SEGMENTATION BY GEOGRAPHY NORTH AMERICA CANADA
68
• The Canada segment of the market studied was estimated to be valued at USD 88.01 million in
2017, and is expected to reach USD 141.65 million by 2024, recording a CAGR of 7.10%, during
the forecast period. Laboratory Informatics Market: Revenue in USD
• The field of laboratory informatics has recently been recognized significantly in Canada, and various million, Canada, 2015-2024
academic courses associated with health informatics have started in several academic institutes
and universities across the country. To lead the changing health informatics field from the forefront, 141.65
cross-appointed individuals from the Faculty of Information (iSchool) at University of Toronto have
been included in the MHI faculty, along with dozens of adjunct faculty drawn from senior healthcare
leadership roles. The MHI graduates are ready to lead organizational and health system change
93.88
with unique abilities to integrate clinical expertise with information and communication technologies. 88.01
83.00
•

Few of the major companies, playing significant role in the Canadian market include Abbott 77.96
Informatics Corporation, Agilent Technologies, LabVantage Solutions Inc., PerkinElmer Inc., among
others.
• According to Canadian scientists, a valuable use for laboratory data is in identifying populations for
reference ranges. In addition, another simple but powerful use of laboratory informatics is to monitor
and improve turnaround time.
• As per the article “Integrated Pathology Informatics Enables High-Quality Personalized and
Precision Medicine: Digital Pathology and Beyond”, published by the University of Toronto, in 2018, 2015 2016 2017 2018 2024
Year
the ability of laboratory informatics is expected to save the health care system by significant amount
in avoiding inappropriate therapies, unnecessary procedures, and extended hospitalizations. Hence, Forecast Period CAGR
all the above-mentioned factors are expected to fuel the growth of the Canada lab informatics
market.
MARKET SEGMENTATION BY GEOGRAPHY NORTH AMERICA MEXICO
69
• The Mexico segment of the market studied was estimated to be valued at USD 58.08 million in 2017, and
is expected to reach USD 89.31 million by 2024, recording a CAGR of 6.40%, during the forecast period. Laboratory Informatics Market: Revenue in USD
• Mexico's health system consists of public institutions and private providers, all of which are under the million, Mexico, 2015-2024
governance of the Ministry of Health. The public social security institutions provide services to the
employees of the formal economic sector and civil servants, as well as other public sector specific
89.31
institutions (including those in healthcare).
• In the country, different public and private healthcare institutions have adopted Health Informatics
Systems and Laboratory Informatics, including Mexico's Social Security Institute, the Institute for Social
Security and Services for Government Employees, and the health services of several states and many 61.56
58.05
private hospitals. 55.04
51.97

• As per the article “Trends in Laboratory Informatics”, published in 2016, Mexican vendors and customers
have recognized that traditional roles for LIMS (Laboratory Information Management System) in sample
management and for ELN (Electronic Lab Notebooks) as a replacement for the paper notebook are now
outdated. Additionally, other tools, such as SDMS (Scientific Data Management Systems) and ECM
(Enterprise Content Management), integrate and tie together the entire laboratory picture and facilitate
good document and file management.
• Moreover, while laboratory managers, in Mexico, don’t often get involved in legal issues, some are
frustrated with company lawyers regarding the use of ELNs. However, more and more company lawyers 2015 2016 2017 2018 2024
are becoming comfortable with these systems; more companies are allowing digital signatures, rather
Year
than printing the paper and signing it; and there are even companies starting to discuss machine
witnessing, and it appears that some have already implemented it, thus fueling the market growth. Forecast Period CAGR

MARKET SEGMENTATION BY GEOGRAPHY EUROPE
70
7.4.2 EUROPE
• 7.4.2.1 United Kingdom
• 7.4.2.2 Germany
• 7.4.2.3 France
• 7.4.2.4 Italy
• 7.4.2.5 Spain
• 7.4.2.6 Rest of Europe

MARKET SEGMENTATION BY GEOGRAPHY EUROPE
71
Laboratory Informatics Market: Revenue

Share (%), by Country, Europe, 2017
by Country, Europe, 2015-2024
Country 2015 2016 2017 2018 2024 CAGR (%) 17.64%

24.50%
United Kingdom 82.72 88.25 93.76 100.21 153.00 7.31
Germany 83.77 89.89 96.07 103.27 163.36 7.94
France 70.30 75.18 80.08 85.80 132.98 7.58 18.08%
11.33%
Italy 63.13 67.15 71.14 75.80 113.73 6.99
Spain 53.93 57.10 60.22 63.88 93.28 6.51 13.38% 15.07%
Rest of Europe 115.94 123.13 130.22 138.52 205.31 6.78
United Kingdom Germany France
Italy Spain Rest of Europe

MARKET SEGMENTATION BY GEOGRAPHY EUROPE UNITED KINGDOM
72

• The UK Laboratory Informatics market was valued at USD 93.76 million in 2017, and is expected to reach USD
million, United Kingdom, 2017-2024
153.00 million by 2024. It is also expected to register a CAGR of 7.31%, during the forecast period.
• In the United Kingdom, Electronic Laboratory Notebooks (ELN) has been recognized as an exciting new
informatics technology, which can bring one’s laboratory into the 21st century. Once it implemented, the ELN
153.00
software makes running a complex laboratory much more elegant and streamlined, in terms of record keeping,
record accessing, cross-referencing, and adapting.
• In addition, most of the laboratories in the United Kingdom use LIMS (Laboratory Information Management
System) to effectively manage their business processes. By using LIMS, they have been able to bring together
all the laboratory informatics and processes, and be safe in the knowledge they’re compliant with the relevant
100.21
regulations. 93.76

88.25
• A number of conferences and workshops are being held across the country, which is expected to drive the 82.72
market in the United Kingdom. For example, the theird Annual Digi-tech Pharma 2019 "Emergence of Digital
Technologies in Pharmaceutical Industry“ is going to be held in London, in May 2019. This is expected to
provide a platform to all its participants an opportunity to interact, share, and discuss the digitalization of
Pharmaceutical industry, along with the benefits of the laboratory informatics. The conference is expected to
allow its participants to discuss the various challenges faced, new strategies, case studies, and use of
innovative ideas in the field of laboratory informatics.
• Various master degree courses have been started in universities in the United Kingdom, which provide students
with an understanding of why health information is important; the health information systems in the United
2015 2016 2017 2018 2024
Kingdom and how they are integrated; the governance structure behind health information; the role of
Year
computerized decision support systems; and emerging information related technologies in delivering health
care, thus fueling the market growth. Forecast period CAGR

MARKET SEGMENTATION BY GEOGRAPHY EUROPE GERMANY
73
• The German Laboratory Informatics market was valued at USD 96.07 million in 2017, and is expected
to reach USD 163.36 million by 2024. It is also expected to register a CAGR of 7.94 % during the
forecast period. Laboratory Informatics Market: Revenue in USD million,
• In Germany, almost all the hospitals and other centers, where medical practices are undertaken, make Germany, 2015-2024
use of information technology, and this includes the laboratory informatics as well, owing to the fact 163.36
that most of the hospitals have clinical laboratory testing facilities. In the country, a significant portion
of hospital expenditure budget is allotted to IT. A vast majority of these centers store the information
electronically, yet there is a lack of seamless IT integration in primary healthcare centers, where not all
forms of patient records are in electronic format.
103.27
• In 2018, the German Federal Ministry for Education and Research (BMBF) launched its medical 96.07

89.89
informatics funding scheme to make data from healthcare and research more useful and meaningful. It 83.77
plans to provide EUR 150 million in the coming years, with the aim of strengthening medical research
and improving patient care. In future, university hospitals and partner organizations are to establish
and link data integration centers. These centers will allow research and healthcare data to be
aggregated and integrated across multiple entities and sites.
• Clinic and research already produce a great deal of data, in Germany, and new ones are added every
day. More and more x-ray images, medical reports or laboratory values are recorded electronically,
and at the same time, new biomedical technologies, for example, allow the entire genome of tumor
2015 2016 2017 2018 2024
samples to be decoded in the shortest possible time.
Year
• The aim of the German laboratory informatics initiatives is to ensure that, in coming days, each
patient, doctor, and researcher has access to the information they require. This is expected to lead to Forecast period CAGR
more precise diagnostics, and better treatment decisions, thus driving the market growth.
MARKET SEGMENTATION BY GEOGRAPHY EUROPE FRANCE
74
• The France Laboratory Informatics market was valued at USD 80.08 million in 2017, and is expected to
reach USD 132.98 million by 2024, it is also expected to register a CAGR of 7.58%, during the forecast
period.
France, 2017-2024
• A number of organizations and institutes actively perform in the field of laboratory informatics, in the 132.98
country. The French Association for the applications of medical informatics, “Association pour les
Applications de l'Informatique en Medecine”, or AIM, is a scholarly society, mainly composed of
researchers and university teachers. The association is the official representative of France within the
IMIA and EFMI boards. The aim of the organization is to promote computer applications, scientific
researches, and their corresponding technical developments within the healthcare system, and also to 85.80
80.08
introduce these computer applications to healthcare professionals, interested administrations, and 75.18

70.30
concerned industrial actors.
• Various conferences regarding lab informatics are being held in France. For example, AIM (the French
Association for Medical Informatics) is organizing MedInfo 2019 in Lyon in August, 2019. At the MedInfo
conferences, participants have the opportunity to share knowledge in an international context for the
improvement of health and the well-being of interconnected citizens in the country, as well as in the
world.
• A number of courses have been started in esteemed institutions of the country (such as Université
Pierre et Marie Curie or UPMC), which deals with laboratory informatics and health informatics.
Graduates of health informatics are expected to gain an in-depth understanding of the healthcare 2015 2016 2017 2018 2024
industry, and to develop relevant programming skills. A health informatics specialist can perform tasks, Year
such as managing electronic records of patients, or exploring patient data to identify trends in disease
and treatment. Hence, the abovementioned factors are expected to drive the market growth.

MARKET SEGMENTATION BY GEOGRAPHY EUROPE ITALY
75
• The Italy Laboratory Informatics market was valued at USD 71.14 million in 2017, and is expected to
reach USD 113.73 million by 2024. It is also expected to register a CAGR of 6.99%, during the
forecast period. Laboratory Informatics Market: Revenue in USD million,
• The development of Health Informatics in Italy started several years ago, following the development of Italy, 2015-2024 113.73
Information and Communication Technologies. More recently, during the period of 2001-2015, different
projects and products were developed in this field (Finalized Programs of National Council of Research
on Parallel Computing and Expert Systems and Epidemiological Diseases Risk Factors).
• Since last decade, the Italian Health System has been decentralized. Health policy and management
75.80
is now under the government of regions. The regional authorities have started different projects and 71.14
67.15

applications in health informatics and laboratory informatics, involving their hospitals, as well as clinical 63.13
laboratories for any kind of diagnostic tests (from regional level to national level now the new Italian
health information system in the development phase).
• In Italy, AI (Artificial Intelligence) technology has already made a big impact in many areas of
computing, including academic applications, and enterprise, but it is now increasingly being applied to
healthcare research, owing to its huge potential.
• Combining AI technology with the traditional laboratory informatics processes is expected to open up
huge potential to advance research, and provide faster and more specialized treatments to patients, in
the country. The technology can be used to estimate human cognition of complex medical data, thus
2015 2016 2017 2018 2024
freeing researchers to work on other areas of the work and accelerating research, and further helping
Year
a physician to get to an accurate diagnosis in less time. Hence, all the aforementioned factors are
expected to propel the market growth in Italy. Forecast period CAGR

MARKET SEGMENTATION BY GEOGRAPHY EUROPE SPAIN
76
• The Spain Laboratory Informatics market was valued at USD 60.22 million in 2017, and is Laboratory Informatics Market: Revenue in USD million,
expected to reach USD 93.28 million by 2024. It is also expected to register a CAGR of 6.51%, Spain, 2015-2024
93.28
• All Spaniards have access to the country’s universal healthcare system, known as the Spanish
National Health System (SNS), also known as seguridad social.
• A number of major companies are playing significant role in the Spanish market, through various
recent developments, including merger and acquisitions.
63.88
• For example, in June 2018, 3P Biopharmaceuticals, a leading CDMO (Contract Development and 60.22
57.10
Manufacturing Organization), specialized in the process development and GMP manufacturing of 53.93
biologics and cell therapy products, in Spain, incorporated a new Laboratory Information

Management Systems (LIMS) from Abbott Informatics, one of the global leaders in providing
laboratory solutions. The implementation phase was carried out together with Abbott Informatics,
which were also ensuring the specific training required for the completion of each milestone.
• The Spanish government has initiated and implemented numerous projects, in order to improve
national cooperation between healthcare bodies. One such initiative is the ”ep-SOS” (European
Patients Smart Open Services) pilot project.
• The project focuses on developing a practical framework and an ICT infrastructure that would
enable secure access to patient health information, particularly with respect to basic patient 2015 2016 2017 2018 2024
summaries between different European healthcare systems. Owing to its direct association with Year
Laboratory Information Management System (LIMS), this is expected to drive the market growth
in Spain, over the forecast period.

MARKET SEGMENTATION BY GEOGRAPHY EUROPE REST OF EUROPE
77
• The Laboratory Informatics market of the rest of Europe region was valued at USD 130.22
million in 2017, and is expected to reach USD 205.31 million by 2024. It is also expected to
register a CAGR of 6.78%, during the forecast period. Laboratory Informatics Market: Revenue in USD million,
Rest of Europe, 2015-2024
• Rest of Europe segment includes Switzerland, Greece, Portugal, Austria, Ireland, Poland,
and Romania among others.
• In this region, Scandinavian countries like Denmark and Norway, have some of the highest 205.31
healthcare spending, while compared to their population and GDP.
• Sweden recently updated its national e-Health vision, according to which by 2020, all
residents aged 16 and above, should have access to all health-related information
138.52

documented in county-funded health and dental care. 130.22
123.13
115.94
• Portugal has always acted as a pioneer in the field of laboratory informatics. In the last
decade, Portugal took it first steps toward integrating informatics for health professionals.
During that time period, very few formative spaces targeted to the use of specific programs
that processed text and used health software for the management of clinical data.
• The health informatics and laboratory informatics guidelines, in Portugal, have been
subsequently accepted by the Ministry of Health, and have also been included in contract
documents for the development of Health Information Systems in Portugal. Over the past
two decades, the integration of health informatics has resulted in a small revolution in 2015 2016 2017 2018 2024
healthcare that enhanced the adoption of laboratory information management systems. Year
• Hence, all the aforementioned factors are expected to drive the growth of the market in rest Forecast period CAGR
of Europe region, over the forecast period.
MARKET SEGMENTATION BY GEOGRAPHY ASIA-PACIFIC
78
7.4.3 ASIA-PACIFIC
• 7.4.3.1 China
• 7.4.3.2 Japan
• 7.4.3.3 India
• 7.4.3.4 Australia
• 7.4.3.5 South Korea
• 7.4.3.6 Rest of Asia-Pacific

MARKET SEGMENTATION BY GEOGRAPHY ASIA-PACIFIC
79
Laboratory Informatics Market:

Share (%), by Country, Asia-Pacific, 2017
Laboratory Informatics Market: Revenue in USD million, by
Country, Asia-Pacific, 2015-2024
Country 2015 2016 2017 2018 2024 CAGR (%) 18.84% 17.93%
China 68.92 74.52 80.24 86.91 143.80 8.76
7.67%
Japan 143.83 155.13 166.64 180.06 293.68 8.49
India 46.44 50.30 54.27 58.90 98.60 8.97 6.18%
Australia 24.09 25.87 27.66 29.75 47.21 8.00 37.24%

12.13%
South Korea 29.79 32.05 34.34 37.01 59.44 8.22
Rest of Asia-Pacific 73.57 78.91 84.28 90.55 142.53 7.85
China Japan India
Australia South Korea Rest of Asia-Pacific

MARKET SEGMENTATION BY GEOGRAPHY ASIA-PACIFIC CHINA
80
• The China Laboratory Informatics market was valued at USD 80.24 million in 2017, and is
expected to reach USD 143.80 million by 2024. It is also expected to register a CAGR of 8.76%,
• In China, there is a rise in healthcare spending, as per the data published by the World Bank, it
China, 2015-2024
was about 5.3% of the GDP in 2015. While in 2014, it was about 4.9%.
143.80
• The China government believes that developing homegrown biotech capabilities can reduce the
country’s dependence on imports, make treatment costs more affordable, and reduce the
domestic healthcare burden over the long term. Thus, rising research and development in the
country is expected to increase the demand for laboratory informatics to store and share the data.

• Furthermore, some of the key market players present in China are conducting webinars to provide 86.91
80.24
the tools to help informatics professionals meet the ongoing challenges of data management, 74.52
68.92
regulatory requirements, and the integration of laboratory instrumentation with enterprise
systems.
• In China, there is a high investment in medical informatics. For instance, The State Council
launched a national medium and long-term program for science and technology development
2006-2020, it sets the proportion of research and development expenditure in the gross domestic
product at 2.5%. With the help of these systems, some of the hospital-based laboratory results
2015 2016 2017 2018 2024
can be managed.
Year
• Thus, owing to the rising research and development activities and government support, a high
adoption rate of laboratory informatics is expected in China over the forecast period. Forecast Period CAGR

MARKET SEGMENTATION BY GEOGRAPHY ASIA-PACIFIC JAPAN
81
• The Japanese laboratory informatics market was valued at USD 166.64 million in 2017, and is
expected to reach USD 293.68 million by 2024. It is also expected to register a CAGR of 8.49%
• As per the data published by the World Bank, there was a steady rise in healthcare spending In Japan, 2015-2024
Japan. It was about 10.89% of the GDP in 2015, while in 2014, it was about 10.83%.
• Japanese firms are focusing on the drug discoveries, and have made various advancements in
293.68
its development. This has helped in the overall growth of the market studied.
• Laboratory information systems are widely used in improving pathology workflow processes,

management of reports, and allied monitoring operations. Nowadays, laboratory reports have
become complex and high-dimensional, and the need to develop and implement a cost-
180.06
effective platform or tool to collect, process, store, and manage such processes has also 166.64
155.13
143.83
increased.
• In Japan, most of the laboratories and hospitals are advance adopters of informatics
technology. Some of the key players in Japan are Thermo Fisher and LabWare.
• In April 2018, the Medical Information Database Network (MID-NET) in Japan was launched for
a real‐time assessment of drug safety, and PMDA has led the project in cooperation with its
partner hospitals for establishing high-quality database and also for covering laboratory test
results. 2015 2016 2017 2018 2024
Year
• The benefits associated with laboratory informatics, such as the elimination of paper
roadblocks, new tools for automating workflows, and common integration framework are Forecast Period CAGR
expected to drive the overall growth of the Japanese laboratory informatics market .
MARKET SEGMENTATION BY GEOGRAPHY ASIA-PACIFIC INDIA
82
• The Indian laboratory informatics market was valued at USD 54.27 million in 2017, and is expected
to reach USD 98.80 million by 2024. It is also expected to register a CAGR of 8.97% during the
forecast period.
India, 2015-2024
• As per the data published by the World Bank, there was a steady rise in healthcare spending In
India. It was about 3.88% of the GDP in 2015, while in 2014, it was about 3.63%.
98.60
• The increasing systemization of laboratories and rising number of various types of laboratories are
expected to drive the overall growth of the market studied in the Indian healthcare sector.

• According to a study published in the Journal of Pharmacology & Clinical Research in 2017, the
process of National Accreditation Board for Testing and Calibration Laboratories (NABL) 58.90
54.27
accreditation has been gaining momentum in recent years, and a number of NABL certified labs are 50.30
46.44
being approved in India. This, in turn, is expected to increase the demand for the laboratory
informatics market in the country.
• Furthermore, as per the estimates of clinicaltrials.gov, 1.4% of global clinical trials are conducted in
India. However, the number of clinical trials in India is expected to increase in the next few years. In
India, clinical trials costs around half of that in the United States, and hence, the number of clinical
trials are expected to increase over the forecast period. 2015 2016 2017 2018 2024
Year
• The rise in approval of NABL accredited labs, and an increasing number of clinical trials in India are
expected to create tremendous opportunities for laboratory informatics suppliers over the forecast Forecast Period CAGR
period.

MARKET SEGMENTATION BY GEOGRAPHY ASIA-PACIFIC AUSTRALIA
83
• The Australian laboratory informatics market was valued at USD 27.66 million in 2017, and is
expected to reach USD 47.21 million by 2024. It is also expected to register a CAGR of 8.00% during
the forecast period. Laboratory Informatics Market : Revenue in USD million,
Australia, 2015-2024
• As per OECD, Australia spent about 9.1% of the GDP for healthcare spending per capita, in 2017.
47.21
The healthcare spending is similar to the spending pattern in European countries, with about 15% of
healthcare spending made on pharmaceuticals each year.
• Australia has well-established infrastructure facilities in regions, like New South Wales, Victoria, and
Queensland. In many other areas, accessibility to high-end technology is increasing. Thus, with the

rising funding for R&D and the presence of well-established infrastructure facilities the Australian 29.75
27.66
25.87
laboratory informatics market is expected to witness high growth over the forecast period. 24.09
• As per the survey conducted by one of the market players, InterSystems, at the 53rd Annual
Australasian Association of Clinical Biochemists conference in Sydney, the current laboratory
information management systems fall short of what labs actually need. Hence, there is a need for
advanced and reliable systems in Australia.
• However, in Australia, the Health Informatics Society of Australia (HISA) organizes Health Informatics
Conference (HIC), which is a premier and longest-running digital health and health informatics
conference and expo. This is expected to increase awareness among the end users of laboratory 2015 2016 2017 2018 2024
informatics systems. Year
• Thus, the rising demand for laboratory informatics systems and increasing awareness among the end
Forecast Period CAGR
users are expected to drive the overall growth of the market studied.
MARKET SEGMENTATION BY GEOGRAPHY ASIA-PACIFIC SOUTH KOREA
84
• The South Korean laboratory informatics market was valued at USD 34.34 million in 2017, and is
expected to reach USD 59.44 million by 2024. It is also expected to register a CAGR of 8.22% during
the forecast period.
• As per OECD, in 2017, South Korea spent about USD 2,897 per capita on healthcare from the total
GDP of the country. The spending pattern is lower, as compared to most of the European and North
South Korea, 2015-2024
American countries. However, the country has maintained good trade relations with western and
59.44
Asian countries regarding its healthcare sector.
• In South Korea, the Korean Society of Medical Informatics (KOSMI) aims to promote and collaborate
multidisciplinary specialties in medicine and health care.

• Tremendous efforts were toward the development and implementation of hospital information
systems for major hospitals, and a significant amount of funding support was provided 37.01
34.34
32.05
simultaneously. Hence, Korea is probably regarded as one the most well-informatized country in Asia- 29.79
Pacific at present.
• In South Korea there is a high-quality clinical research infrastructure and diverse population, and it is
now becoming one of the top destinations for clinical trials for various companies. While in 2007, the
Ministry of Health and Welfare (MOHW) established the Korea National Enterprise for Clinical Trials
(KoNECT), in order to build clinical trial capacity and capabilities. Further, in 2014, it opened KoNECT
Collaboration Center (KCC) to support global and other sponsors, who are planning to conduct
clinical trials in Korea. KoNECT provides information through KoNECT Integrated Clinical Trial 2015 2016 2017 2018 2024
Year
Information System (KIIS).
• Thus, owing to the aforementioned factors, the South Korean laboratory informatics market is Forecast Period CAGR
expected to witness a CAGR of 8.22% over the forecast period.

MARKET SEGMENTATION BY GEOGRAPHY ASIA-PACIFIC REST OF ASIA-PACIFIC
85
• The Rest of Asia-Pacific laboratory informatics market was valued at USD 84.28 million in 2017,
and is expected to reach USD 143.53 million by 2024. It is also expected to register a CAGR of Laboratory Informatics Market : Revenue in USD million,
7.85% during the forecast period. Rest of Asia-Pacific, 2015-2024
• The Rest of Asia-Pacific includes Singapore, Thailand, Malaysia, Indonesia, Bangladesh, etc.
These regions are some of the emerging markets in this region. The economic conditions are 142.53
improving in these regions as a result of the increasing per capita income, along with the
purchasing power of the people. These regions are becoming new hotspots for investments as
they carry tremendous opportunities within themselves. They have easy regulations, which can

help every business flourish. 90.55
84.28
78.91
• These regions have a good patient pool, low cost, increasing number of research organizations, 73.57
and supportive government regulations to support the clinical trials. For instance, Ministry of
Health, Singapore, provides Clinical Trials Grant (CTG) to enable the clinicians to carry out clinical
trials for the development of novel therapies, interventions, and diagnostics, focusing on
healthcare needs.
• Furthermore, the benefits associated with the laboratory informatics systems are expected to
drive the growth of the market studied over the forecast period. On the other hand, some of the
factors, such as high capital expenditure for the implementation of these services, are expected to 2015 2016 2017 2018 2024
Year
restrain the growth of the market studied.
• Thus, owing to all factors mentioned above, the Rest of Asia-Pacific laboratory informatics market Forecast Period CAGR
is expected to witness a CAGR of 7.85% over the forecast period.

MARKET SEGMENTATION BY GEOGRAPHY MIDDLE EAST & AFRICA
86
7.4.4 MIDDLE EAST & AFRICA

• 7.4.4.1 GCC
• 7.4.4.2 South Africa
• 7.4.4.3 Rest of Middle East & Africa

MARKET SEGMENTATION BY GEOGRAPHY MIDDLE EAST & AFRICA
87
Laboratory Informatics Market : Revenue in

USD million, by Geography, Middle East &
Africa, 2017
Laboratory Informatics Market : Revenue in USD million, by Geography,
Middle East & Africa, 2015-2024
Region 2015 2016 2017 2018 2024 CAGR (%) 29.25%
GCC 30.45 31.98 33.44 35.18 48.86 5.63 38.73%
South Africa 24.84 26.26 27.65 29.29 42.40 6.36
Rest of MEA 23.07 24.19 25.26 26.53 36.46 5.44%
32.02%
GCC South Africa Rest of MEA

MARKET SEGMENTATION BY GEOGRAPHY MIDDLE EAST & AFRICA GCC
88
• The GCC laboratory informatics market was valued at USD 33.44 million in 2017, and is
expected to reach USD 48.86 million by 2024. It is also expected to register a CAGR of 5.63%
during the forecast period. Laboratory Informatics Market : Revenue in USD million,
• GCC comprises of six Arabian countries: the Kingdom of Saudi Arabia, Kuwait, Bahrain, Qatar, GCC, 2015-2024
the United Arab Emirates, and Oman. The GCC countries share similar social and economic
backgrounds, health issues, and essentially identical health systems and policies. 48.86
• GCC, (especially the United Arab Emirates) is one of the most developed markets in Middle
East & Africa, with a robust healthcare infrastructure and the highest per capita drug
35.18
expenditure in the region. 33.44
31.98
30.45
• In the United Arab Emirates, healthcare is increasingly becoming an information-driven
service, and the information is a major resource crucial to the health of individual citizens, the

population in general, and to the success of any health care institution. The planned system is
moving toward digital formats to capture, record, retrieve, analyze, and communicate data,
dynamically.
• Furthermore, GCC has extensive laboratory resources across all divisions, namely modern
facilities, credentialed staff, molecular and traditional diagnostic methods, and significant levels
of laboratory accreditation. Most of the laboratories use vendor-based laboratory information
2015 2016 2017 2018 2024
systems, such as Cerner and Epic, that report results directly to the provider.
Year
• Thus, owing to the aforementioned factors, the GCC laboratory informatics market is expected
to witness a CAGR of 5.63% over the forecast period.

MARKET SEGMENTATION BY GEOGRAPHY MIDDLE EAST & AFRICA SOUTH AFRICA
89
• The South African laboratory informatics market was valued at USD 27.65 million in 2017, and
is expected to reach USD 42.40 million by 2024. It is also expected to register a CAGR of
6.36% during the forecast period. Laboratory Informatics Market : Revenue in USD million,
South Africa, 2015-2024 42.40
• As per the data published by the World Bank, there was a steady rise in healthcare spending In
South Africa, which was about 8.20% of the GDP in 2015.
• The implementation of different laboratory informatics systems from various vendors presents a
challenge, as these systems are costly. However, although these systems have been
29.29
implemented in a few areas, a majority of the laboratories in South Africa still make use of a 27.65
26.26
paper-based record system. 24.84

• In South Africa, TrakCare Lab, a laboratory management information system (InterSystems
Corporation) has been used by most laboratories in the National Health Laboratory Service
(NHLS), since 2008.
• Laboratory informatics system is emerging as a tool to implement the automation of data and
information. Furthermore, these systems have strategic benefits in improving productivity,
efficiency, and effectiveness.
• However, the high cost of laboratory informatics system is the major factor restraining the
2015 2016 2017 2018 2024
growth of the South African laboratory informatics market .
Year
• Thus, owing to the aforementioned factors, the South African laboratory informatics market is
expected to witness a CAGR of 6.36% over the forecast period. Forecast period CAGR

MARKET SEGMENTATION BY GEOGRAPHY MIDDLE EAST & AFRICA REST OF MIDDLE EAST & AFRICA
90
• The Rest of the Middle East & Africa laboratory informatics market was valued at USD
25.26 million in 2017, and is expected to reach USD 36.46 million by 2024. It is also
expected to register a CAGR of 5.44% during the forecast period. Laboratory Informatics Market : Revenue in USD million,
Rest of Middle East & Africa, 2015-2024
• The Rest of the Middle East & Africa region includes Nigeria, Libya, Angola, Namibia, 36.46
Egypt, and Sudan.
• The cumulative healthcare spending and the overall GDP in the region are much lower
than the GCC region. The infrastructure and government support for life sciences
26.53
25.26
research is too little, as priorities of GDP spending are varied across other fields 24.19
23.07
unrelated to healthcare.
• In other countries, which comes under the Rest of the Middle East & Africa, the

infrastructure is not as supportive as of the developed countries, and hence, the Rest of
the Middle East & Africa laboratory informatics market is expected to witness a steady
growth rate.
• On the other hand, evolving technologies and the market forces to reveal that laboratory
informatics are poised to radically affect the daily workflow and activities of diagnostic
laboratories and pathologists.
• Attracted by the prospect of improved connectivity and reduced healthcare costs, most 2015 2016 2017 2018 2024
laboratories are expected to switch over to laboratory informatics systems, during the Year
forecast period, in the region. Forecast period CAGR

MARKET SEGMENTATION BY GEOGRAPHY SOUTH AMERICA
91
7.4.5 SOUTH AMERICA
• 7.4.5.1 Brazil
• 7.4.5.2 Argentina
• 7.4.5.3 Rest of South America

MARKET SEGMENTATION BY GEOGRAPHY SOUTH AMERICA
92
Laboratory Informatics Market: Revenue

Share (%), by Geography, South America,
2017
by Geography, South America, 2015-2023
South America 2015 2016 2017 2018 2023 CAGR (%)
39.41%
Brazil 32.75 34.97 37.17 39.71 59.69 7.03
36.99%
Argentina 17.41 18.56 19.68 20.99 31.17 6.82
Rest of South America 40.55 43.03 45.44 48.23 69.75 6.34
23.62%
Brazil Argentina Rest of South America

MARKET SEGMENTATION BY GEOGRAPHY SOUTH AMERICA BRAZIL BRAZIL
93
• According to the SBIS (Brazilian Society of Health Informatics), the community of Brazilian Laboratory Informatics Market: Revenue in USD
professionals in the area of health informatics has been concerned with promoting and encouraging million, Brazil, 2015-2023
the use of standards for the representation of health information.
• Currently, Brazil has undertaken the implementation of Basic Care Floor (PAB), which is essentially
a pilot project of the National Health Card. These innovations require the exchange of information in
59.69
a distributed scenario that can only occur if the information exchange standards are clearly defined.
• There has been an explosion in the use of the internet in Brazil, particularly due to decreasing
mobile carrier costs and improved connectivity. This represents an enormous opportunity for
advancing the use of laboratory informatics in Brazil.

39.71
37.17
• Players in the space of laboratory informatics, particularly the international players, like Thermo 34.97
32.75
Fischer Scientific Inc., have a strong hold in the domestic market of Brazil. For instance, L.A. Falcao
Bauer Ltd, a leading South American provider of services for instrument calibration and quality
control, uses Thermo Fischer Scientific’s Sample Manager LIMS in its laboratories in Brazil.
• There is, however, a dearth of domestic players in this market. This limits the growth potential of the
current market in Brazil.
• Over the forecast period, more domestic players are expected to enter the Brazilian laboratory
informatics market, given the tremendous growth potential and the concurrent growth in healthcare
spending, coupled with increasing government initiatives (primarily through SBIS) for digitization in 2015 2016 2017 2018 2023
Year
healthcare.
MARKET SEGMENTATION BY GEOGRAPHY SOUTH AMERICA ARGENTINAARGENTINA
94
• As of 2018, 2 out of 5 scheduled iBOL (International Barcode of Life) labs have been funded by
the Argentina's National Council of Scientific and Technical Research (CONICET). These labs
million, Argentina, 2015-2023
are being funded to propel research activity in aquatic biodiversity.
• Technological advancements and endeavours, such as the above-mentioned initiatives, are in

turn, fueling the growth of the laboratory informatics market in the region.
• The market for lab informatics in the region is composed of both domestic players and 31.17
international companies. The greater share (>65% ) of market is controlled by foreign
companies.
• Additionally, there has been an explosion in genetic and molecular testing activity in the region,

which is expected to propel the market growth. 20.99.0
19.68
18.56
• As part of a project called ITALICA, a Department of Health Informatics was created in 2001 in 17.41
Brazil’s HIBA (Hospital Italiano de Buenos Aires). The HIBA Department of Health Informatics
works on the development and maintenance of the HIS (Health Information System).
• The Department of Health Informatics currently has been entrusted with the responsibility to
develop the curriculum of medical informatics for students.
• Overall, the market for laboratory informatics is scheduled to register high growth over the
forecast period, which is expected to be marked by the introduction of new domestic players.
The primary drivers for the laboratory informatics market in the region are conducive academic 2015 2016 2017 2018 2023
ecosystem and industry development infrastructure for laboratory informatics. Year

REST OF SOUTH
MARKET SEGMENTATION BY GEOGRAPHY SOUTH AMERICA REST OF SOUTH AMERICA
AMERICA 95
• The Rest of South America region includes countries, such as Chile, Bolivia, Colombia, Laboratory Informatics Market: Revenue in USD
Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay, and Venezuela. million, Rest of South America, 2015-2023
• The Chilean healthcare system is fragmented. In Chile, information system providers work in
isolation, while developing products, and there is a large amount of unaddressed needs and
69.75
knowledge asymmetries among users, developers, IT managers and authorities, which creates
obstacles, while purchasing, developing, or implementing an in formation system, selecting
staff, or exploring new products to improve healthcare.
• In countries, like Ecuador, Peru, Surinam, etc. the overall healthcare spending is very low. Drug

48.23
discovery activity is also in this area, and consequently there is a dearth of opportunity in 45.44
43.03
40.55
laboratory informatics.
• However, regions, like Colombia and Bolivia (along with Chile), offer excellent academic support
for the growth of this market. These regions have national medicine schools and university
where professional courses in healthcare informatics are offered. (For instance, the National
University of Bolivia partnered up in 2016 with UK NIH for genetologic studies, and this, in turn,
has spurred lab informatics activity).
• The current market in the region is very small, in terms of both market value and market volume
(due to low adoption of lab informatics). Over the forecast period, there is expected to be a
2015 2016 2017 2018 2023
moderate growth in the Rest of South America laboratory informatics market.
Year

96
8. COMPANY PROFILES AND COMPETITIVE LANDSCAPE
8.1 Abbott Laboratories (Abbott Informatics Corporation)
8.2 Agilent Technologies
8.3 Cerner Corporation
8.4 LabLynx Inc.
8.5 LabVantage Solutions Inc.
8.6 LabWare Inc.
8.7 McKesson Corporation
8.8 PerkinElmer Inc.
8.9 Thermo Fischer Scientific Inc.
8.10 Waters Corporation

ABBOTT LABORATORIES
COMPETITIVE INTELLIGENCE COMPANY PROFILES OVERVIEW
(Abbott Informatics Corporation) 97
• Abbott Laboratories is one of the prominent companies in healthcare, with its principal business focusing on the discovery,
development, manufacture, and sale of a broad and diversified line of healthcare products.
• The company operates through the following major business segments: Pharmaceuticals, Diagnostics, Nutritionals,
Cardiovascular and Neuromodulation, and Others. The Others segment comprises of the company's medical optics
products.
• In September 2017, Abbott Laboratories completed the acquisition of Alere Inc. This acquisition made Abbott the global Founded in 1888
leader in point-of-care testing, and helped strengthen the company's diagnostics presence and provided access to new
products, channels, and geographies. Chicago, Illinois,
HQ United States
Financial Overview
Revenue in USD million, 2015-2017
Operations: Worldwide
27,390
20,853 ~ 99,000 Employees

20,405
Revenue (2017)
USD 27,390 million
(224) 667-6100
2015 2016 2017 http://www.abbott.co.in/

ABBOTT LABORATORIES
COMPETITIVE INTELLIGENCE COMPANY PROFILES OVERVIEW
(Abbott Informatics Corporation) 98
R&D Investment in USD million, 2015-2017

Revenue Share (%), by Business Segment, 2017
2,235
6%
16%
Pharmaceutical
Nutritionals 1,422 1405

33%
. 25% Diagnostics
Cardiovascular and
Neuromodulation
20% Others
.
2017 2016 2015
• The Diagnostics segment contributed USD 5,616 million to the • The company increased its R&D expenditure in 2017 by
company’s revenue in FY 2017 24%, as compared to that in the previous year.
• The Nutritionals business segment achieved the highest revenue, of • The increase in R&D expenses, in 2017, was primarily due to
USD 6,925 million, as compared to that of the other business segments. the acquisition of the St. Jude Medical business.

ABBOTT LABORATORIES (Abbott
COMPETITIVE INTELLIGENCE COMPANY PROFILES PRODUCTS AND STRATEGIES
Informatics Corporation) 99
Products Strategies
• Laboratory Information Management Systems

Technology
Abbott spent approximately USD 2.2 billion in 2017, USD 1.4 billion in 2016, and
(LIMS) USD 1.4 billion in 2015, on research, in order to discover and develop new
• STARLIMS products and processes and to improve the existing products and processes.
This clearly defines its high priority toward innovation and the launch of new
• Scientific Data Management Systems (SDMS)
products in the market.
• Electronic Laboratory Notebook (ELN)
The company is investing extensively in manufacturing and marketing products in countries with high
• Cloud Services economic growth, such as India, China, and Japan. These countries are expected to provide a high
share of revenue in the future.
The company is expected to pursue acquisitions, licensing arrangements, and strategic alliances, or
divest itself of its businesses, as part of its business strategy. This is further expected to incur significant
expenses and affect its profitability for a while, which is a risk factor for the company.
Competitors In 2017, the company completed the acquisition of Alere Inc., for USD 4.5 billion.
• Agilent Technologies
Following this, the company’s consolidated indebtedness was approximately Acquisitions
USD 28 billion.
• McKesson Corporation
• PerkinElmer Inc. In the last three years, the company’s sales growth was primarily through its
• Thermo Fischer Scientific Inc. established Pharmaceuticals and Diagnostics businesses.
• *List not exhaustive

COMPETITIVE INTELLIGENCE COMPANY PROFILES SWOT ANALYSIS
• Broad portfolio of healthcare products, ensuring

well-balanced revenue flow.
• Abbott’s products, R&D activities, and • Steady revenue growth.

manufacturing processes are subject to various • Leading market position, to meet the evolving
local, state, federal, foreign, and transnational needs of patients, worldwide.
laws and regulations.
• Patent expirations of most selling drugs may
reduce the gross revenue.
• Product recalls are hampering the company's

reputation, particularly in the catheter business of
the company, and pacemaker devices are
• Abbott supports growth in its diversified portfolio through exhibiting the vulnerability of getting hacked.
the acquisition and integration of firms, as part of its • Decline in operational performance may affect
inorganic growth strategy. financial flexibility, with operating margin being
• Strong business partnerships may help the company to lower than some of its key competitors.
benefit from synergy, support the sharing of the best
practices, reduce expenses, and increase the product reach.

COMPETITIVE INTELLIGENCE COMPANY PROFILES RECENT DEVELOPMENTS
Terumo completed the acquisition of the vascular closure business and other
Abbott acquired Alere Inc. (Alere), a diagnostic device and service assets of Abbott and St. Jude. The acquired assets became part of Terumo
M
provider. This strengthened the company's presence in diagnostics. Interventional Systems, a division of Terumo Corporation.
Oct 2017 Jan 2017
Abbott partnered with Surmodics to develop its next-generation drug-

P
coated balloon (DCB) to treat the superficial femoral artery, which is
currently being evaluated in a pivotal clinical trial in the United States.
Feb 2018 Abbott announced the Food and Drug Administration (FDA) clearance of the
Advisor HD Grid Mapping Catheter, Sensor Enabled. Advisor HD Grid employs a
new design that allows physicians to see things differently, capturing and analyzing
E
data in a novel manner, to create highly detailed maps of the heart that better
differentiate healthy tissues from the unhealthy tissues.
May 2018
M I E P
Merger and Product Expansion Partnership

Acquisition Innovation

COMPETITIVE LANDSCAPE COMPANY PROFILES AGILENT TECHNOLOGIES INC. OVERVIEW
102
• Agilent Technologies Inc. offers application-focused solutions to the life sciences, diagnostics, and applied chemical
markets worldwide.
• Agilent provides bio-analytical solutions and services to the life sciences, diagnostics and genomics, chemical analysis,
communications, and electronics industries worldwide. It operates in three segments: Life Sciences and Applied Markets,
Diagnostics and Genomics, and Agilent CrossLab.
• The company markets its products through direct sales, e-commerce, resellers, manufacturers, representatives, and
Founded in 1999
distributors.
• In 2012, Agilent Technologies acquired the cancer diagnostics company Dako. The acquisition helped strengthen Agilent’s
California, USA
position in life sciences. HQ
Financial Overview
Operations: Asia- Pacific,
Total Revenue in USD million, 2015-2017 Europe, North America
4,472 ~ 13,500 Employees
Revenue (2017)
4,202 4,472 USD million
4,038
877-424-4536
www.agilent.com
2015 2016 2017

AGILENT TECHNOLOGIES
COMPETITIVE LANDSCAPE COMPANY PROFILES OVERVIEW
INC. 103
Revenue Breakdown (%), by Product Type, 2017 Revenue Breakdown (%), by Geography, 2017
24%
37% 34%
Americas
Products Services
Europe
Asia-Pacific
76%
29%
• The product revenue includes the revenue generated from the sales of the company’s analytical
instrumentation, software, and consumables. Services and other revenues include revenue generated
Revenue Breakdown (%), by Segment, 2017
from servicing its installed base of products, warranty extensions, and consulting, including companion
diagnostics.
• Services and other revenue increased by 9% in 2017, when compared to that in 2016. The service and
34% Life sciences and applied
other revenue growth is impacted by a portion of the revenue being driven by the current and markets
previously installed product base. 49% Diagnostics and genomics
• The diagnostics and genomics business revenue in 2017 increased by 9%, when compared to 2016.
Agilent CrossLab
• Service and other revenue increased due to continued and strong companion diagnostics revenue, and
17%
increases across nearly all service types. Services and other revenue increased by 9% in 2016, when
compared to that in 2015. Service and other revenue increased due to increased service contract
repairs, compliance services and preventative maintenance, and strong companion diagnostics
revenue.
COMPETITIVE LANDSCAPE COMPANY PROFILES AGILENT TECHNOLOGIES INC. PRODUCTS AND STRATEGIES
104
Products and Services

Strategies
• OpenLab Software Suite
• MassHunter Suite
• Alissa Clinical Informatics Platform
• The company has implemented multiple strategic initiatives across its businesses to adjust cost
• List not exhaustive
structure, and it may engage in similar activities in the future.
• R&D expenses increased in the previous years, due to greater investments in software and
nucleic acid isolation and purification products, higher infrastructure expenses, wage increases,
and higher variable pay. Therefore, with its huge R&D base, it can provide new technologies in
this field and expand its market.
• The company is also investing in building further capacity in its nucleic acid business to address
the demand for the oligos. Hence, it will continue to invest in R&D and seek to expand its market
Competitors
position in the developing countries and emerging markets.
• PerkinElmer Inc. • The company has increased the investment in research & development, the R&D expenditures
• Abbott Informatics were USD 339 million in 2017, USD 329 million in 2016, and USD 330 million in 2015.
• McKesson Corporation

COMPETITIVE LANDSCAPE COMPANY PROFILES AGILENT&TECHNOLOGIES
MERCK CO. INC INC. SWOT ANALYSIS
105
• Robust R&D capabilities

• Strategic partnerships enable the company
• The market for the company’s products and
to enhance its operational and financial
services is both competitive and price
performances.
sensitive. Agilent’s performance may be
affected by the competitive environment in
the medical device industry and customer
preference.
• Agilent identified a few process control

issues in its products that may affect the
consumer confidence. Product recalls due to
• New product launches are expected to
such issues would hamper the company
provide significant growth opportunities for
brand image and have a significant impact on
the company to expand its market share and
the sale of its products.
profitability.

COMPETITIVE LANDSCAPE COMPANY PROFILES AGILENT TECHNOLOGIES INC. RECENT DEVELOPMENTS
106
Agilent expanded R&D capabilities in cell analysis, in Ireland. Agilent

E
Technologies, established a new, purpose-built extension to its Little
Island cork facility in Ireland.
Agilent Technologies announced the acquisition of the Agilent-
Nov 2018
related business from Young In Scientific Co. Ltd., a leading
M distributor of analytical and scientific instruments in South Korea
and a long-time distributor of Agilent instruments and services.
Aug 2018
M I E P


COMPETITIVE INTELLIGENCE COMPANY PROFILES CERNER CORPORATION OVERVIEW
107
• Cerner Corporation provides healthcare information technology solutions and services in the United States and
internationally.
• The company offers Cerner Millennium architecture, a person-centric computing framework, which includes clinical,
financial, and management information systems that allow providers to access an individual’s electronic health record
(EHR) at the point-of-care, and organizes and delivers information for physicians, nurses, laboratory technicians, Founded in 1979
pharmacists, front- and back-office professionals, and consumers.
• It also provides the HealtheIntent platform, a cloud-based platform that enables organizations to aggregate, transform,
and reconcile data across the continuum of care, and an EHR agnostic platform, CareAware, that facilitates connectivity North Kansas City, Missouri
HQ
of healthcare devices to EHRs. United States
• It serves integrated delivery networks, physician groups and networks, managed care organizations, hospitals, medical
centers, reference laboratories, home health agencies, blood banks, imaging centers, pharmacies, pharmaceutical Operations: Worldwide
manufacturers, employers, governments, and public health organizations.
Financial Overview
~ 26,000 Employees
Total Revenue in USD million, 2015-2017
5,142.27 Revenue (2017)

USD 5,142.27 million
4,796.47
4,425.26 1-866-221-8877
www.cerner.com
2015 2016 2017
COMPETITIVE INTELLIGENCE COMPANY PROFILES CERNER CORPORATION OVERVIEW
108
Revenue Breakdown (%), by Segment, 2017 Revenue Breakdown (%), by Geography, 2017
11%
2%
26%
System Sales
Domestic
Support and Maintenance
Services
51% Global
Reimbursed Travel
21%
89%
• The Domestic segment includes revenue contributions and expenditures

associated with business activity in the United States. The Global
segment includes revenue contributions and expenditures linked to
• The System Sales segment includes the licensing of computer software, software-as-a
business activities in Aruba, Australia, Austria, the Bahamas, Belgium,
service, deployment period upgrades, installation, content subscriptions, transaction
Bermuda, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt,
processing, and the sale of computer hardware and sub-licensed software.
England, Finland, France, Germany, Guam, India, Ireland, Kuwait,
• Support, maintenance, and services include software support and hardware
Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar,
maintenance, remote hosting and managed services, training, consulting, and
Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden,
implementation services.
Switzerland, and the United Arab Emirates.

COMPETITIVE INTELLIGENCE COMPANY PROFILES CERNER CORPORATION PRODUCTS AND STRATEGIES
109

Technology
• Cerner Health Information Exchange
• Open Platforms
• Reference Lab Network
• Millennium Helix
• CoPathPlus
Strategies
• Legacy Health System

• List not exhaustive • The company depends on strategic relationships and third-party suppliers. Hence, the company’s
revenue and operating earnings may suffer if it fails to manage these relationships properly.
• To be successful, the company is maintaining its existing strategic relationships and establishing
Competitors
additional strategic relationships as necessary, with leaders in the markets in which it operates.
• IBM • The company believes that these relationships contribute to its ability to further build the brand, extend
• McKesson Corp. the reach of its solutions and services, and generate additional revenues and cash flows.
• Siemens Healthineers • If the company loses its critical strategic relationships, this may have a material adverse impact on its
• *List not exhaustive business, results of operations, and financial condition.

COMPETITIVE INTELLIGENCE COMPANY PROFILES CERNER CORPORATION SWOT ANALYSIS
110
• The company continues to harness its

proprietary platform for the development
• Dependence on third-party suppliers. of most of its software solutions.
• Product liability claims. • The services portfolio continues to be a

• Competitive industry. major strength of the company.
• Stringent regulations.
• Lawsuits against the company not only affect

its brand image, but also its long-term
performance by reducing customer confidence.
• The company may benefit from the rapidly growing
healthcare IT market.
• Collaborations.
• Rising healthcare expenditure in the United States.

COMPETITIVE INTELLIGENCE COMPANY PROFILES CERNER CORPORATION RECENT DEVELOPMENTS
111
Technology innovators and experienced systems integrators joined Cerner in

its mission to modernize electronic health care records for the US
P
Department of Veterans Affairs (VA).
Oct 2018
Crisp Regional Health Inc. selected Cerner to implement a new integrated

electronic health record (EHR) and revenue cycle management solutions
P
across its acute, ambulatory, and post-acute facilities.
May 2018
M I E P


COMPETITIVE LANDSCAPE COMPANY PROFILES LABLYNX INC. OVERVIEW
112
• LabLynx Inc. was the first laboratory informatics provider to deliver a true browser-based laboratory information
management solution in 1997.
• LabLynx was once a product division of a diversified IT consulting company purchased by a group of investors,
experienced in both LIMS and information technology management.
Founded in 2000
• The core LabLynx team combined software development and laboratory management experience of over 575 years
invested in the LabLynx LIMS product lines.
• LabLynx has been the leader in establishing the paradigm of the LIMS as a total laboratory solution, rather than just HQ Atlanta, Georgia
a means to track samples. Hence, LabLynx is a LIMS vendor dedicated to the customer, their information and
workload management.
Employees ~200
770-859-1992
Fax: 877-432-4129
**The company is privately held, so its annual report are available on the public domain, hence SWOT
analysis and financials are not provided
https://www.lablynx.com

PRODUCTS AND RECENT
COMPETITIVE LANDSCAPE COMPANY PROFILES LABLYNX INC.
DEVELOPMENTS 113
Products and Services Competitors
• Laboratory Management System

LabWare Inc.
(LIMS/LIS/LES)
• Electronic Laboratory Notebook (ELN) McKesson Corporation
• Scientific Data Management System Thermo Fischer Scientific Inc.,

(SDMS) etc.
• Reporting and Data Visualization (BI) **The company has not published any
• Enterprise Resource Planning (ERP) recent developments on its website.
• Customer Relationship Management
(CRM)
• Content Management System (CMS)
• Knowledge Management System (KMS)
• Learning Management System (LMS)
• List not exhaustive
M I E P


LABVANTAGE SOLUTIONS
COMPETITIVE LANDSCAPE COMPANY PROFILES OVERVIEW
INC. 114
• LabVantage Solutions Inc. provides laboratory informatics solutions and services. It offers a web-based laboratory
information management (LIMS) system that lets users manage the sample lifecycle, optimize laboratory executions,
perform data retrievals, interface instruments and systems, and enable security and auditing aspects.
• The company provides solutions in the areas of biobanking, quality control, pre-validated and pre-configured
pharmaceutical LIMS, molecular diagnostic, contract laboratory, and R&D solutions, as well as implementation, training,
validation, and managed services. Founded in 1981
• It serves academic research, and the chemical and process manufacturing, food and beverage, health and personal
care, material testing, petrochemical, consumer packaged goods, oil and gas, clinical laboratory, government, and
HQ NJ, United States
pharmaceutical and biotechnology industries worldwide.
• LabVantage Solutions Inc. was formerly known as Laboratory Microsystems Inc., and changed its name to LabVantage
Operations: North America,
Solutions Inc. in April 1997. Europe, Asia and Middle
East, and Africa
• The company was founded in 1981, and is based in Somerset, New Jersey, with locations in the Americas, Europe, Asia,
the Middle East, and Africa, and additional offices in the United States and internationally. Employees ~500
• LabVantage Solutions Inc. operates as a subsidiary of TCG Lifesciences Limited.
+1 908-707-4100
**The company is privately held, so its annual report are available on the public domain, hence, SWOT
www.labvantage.com/

LABVANTAGE SOLUTIONS PRODUCTS AND RECENT
COMPETITIVE LANDSCAPE COMPANY PROFILES
INC. DEVELOPMENTS 115
LabVantage was the first company to launch compliant-ready LIMS,

• Electronic Lab Notebooks (ELN)
addressing the FDA draft guidance on data integrity
• Laboratory Execution System (LES)
Oct 2017 I
• LIMS Services
LabVantage released its pharmaceutical-specific solution –

LabVantage 8 Pharma
Competitors Jan 2017
Core Informatics LLC
LabLynx Inc.
LabWare Inc.
McKesson Corporation, etc. M I E P


COMPETITIVE LANDSCAPE COMPANY PROFILES LABWARE INC. OVERVIEW
116
• LabWare is recognized as one of the global leaders in providing enterprise-scale laboratory automation solutions.
• LabWare’s Enterprise Laboratory Platform is a unique and proven suite of product capabilities that encompass LIMS,
ELN, and LES methods execution in an integrated and enterprise ready solution.
• LabWare Inc. develops, markets, and supports laboratory automation software solutions. The company offers LabWare
LIMS, a laboratory information management system, and LabWare ELN, an integrated electronic laboratory notebook
Founded in 1987
application.
• It also provides implementation, training, strategic planning, consulting, project management, testing and validation, and
support services. HQ Wilmington, Delaware
• The company serves clinical, contract services, environmental, food and beverage, forensics, mining and metals,
manufacturing and consumer products, oil and gas, pharmaceutical, and process and chemical industries. Operations: Worldwide
• LabWare Inc. has strategic partnerships with Agilent, Association of Public Health Laboratories, IBM, Northwest
Analytics, SAP, Waters, and Data Innovations Inc. The company was founded in 1987, and is based in Wilmington,
Employees ~500
Delaware, with sales and support facilities worldwide.
302-658-8444
**The company is privately held, so its annual report are available on the public domain, hence SWOT
www.labware.com

PRODUCTS AND RECENT
COMPETITIVE LANDSCAPE COMPANY PROFILES LABWARE INC.
DEVELOPMENTS 117
• LabWare LIMS (Laboratory Information

Management System)
• LabWare ELN (Electronic Laboratory
Notebook)
• LIMS AND ELN SUPPORT SERVICES
**The company has not published any recent developments
on its website.
Competitors
Core Informatics LLC
LabLynx Inc. M I E P
LabVantage Solutions Inc. Merger and Product Expansion Partnership

McKesson Corporation, etc.

COMPETITIVE LANDSCAPE COMPANY PROFILES MCKESSON CORPORATION OVERVIEW
118
• McKesson Corporation is a US-based company that distributes pharmaceuticals at a retail level, and provides health
information technology, medical supplies, and care management tools.
• Additionally, McKesson provides extensive network infrastructure for the healthcare industry. Also, it was an early adopter
of technologies, such as barcode scanning for distribution, pharmacy robotics, and RFID tags. Founded in 1891
• It is a Fortune Global 500 company, and the 11th highest revenue generating company in the United States.
San
HQ Francisco,
California,
United States
Operations: United States,

Financial Overview Europe, Asia, Australasia,
Canada, and Latin America
(120 countries worldwide)
Total Revenue in EUR million, 2015-2017
~ 78,000 Employees
17,780
17,422 Revenue (2016)

USD 198,533 million
16,806
31 40 27 91111
www.philips.co.in
2015 2016 2017

COMPETITIVE LANDSCAPE COMPANY PROFILES MCKESSON CORPORATION OVERVIEW
119
Revenue Breakdown - By Segments, McKesson
Corporation (2017)
• Distribution Solutions segment consists of the following
businesses: North America pharmaceutical distribution and
2%
services, International pharmaceutical distribution, and services
and Medical-Surgical distribution and services.
Distribution Solutions
Technology Solutions
• North America pharmaceutical distribution and services business

is the largest pharmaceutical distributor in the United States with
more than 40,000 customers and is comprised of the following
98%
business units: US Pharmaceutical Distribution, McKesson
Specialty Health, McKesson Canada, and McKesson Rx
Technology Solutions.

COMPETITIVE LANDSCAPE COMPANY PROFILES MCKESSON CORPORATION PRODUCTS & STRATEGIES
120
Products and Services Provided Strategies
• MedSol Laboratory Consulting

• Laboratory Intelligence SD2 • On March 1, 2017, McKesson contributed the majority of its Core MTS
Business and Change contributed substantially all of its businesses,
excluding its pharmacy switch and prescription routing businesses, to
form a joint venture, Change Healthcare.
• The purpose of the transaction was to create a new healthcare

information technology company, bringing together the complementary
strengths of the contributed assets to provide software and analytics,
network solutions and technology-enabled services that will help
customers obtain actionable insights, exchange mission-critical
Competition information, control costs, optimize revenue opportunities, increase cash

flow, and effectively navigate the shift to value-based healthcare.
Acquisitions
• Cerner Corporation, Change Healthcare, • Change Healthcare is jointly governed by McKesson and Change.
Computer Programs and Systems Inc., • An element of McKesson’s strategy is to identify, pursue and
Curaspan Health Group, and CureMD consummate acquisitions that either expand or complement our
Healthcare among others. business.

COMPETITIVE LANDSCAPE COMPANY PROFILES MERCK & CO. CORPORATION
MCKESSON INC SWOT ANALYSIS
121
• Strong presence in the United States and

Canada pharmaceutical distribution
• There is immense competition in
business.
distribution business, which is a threat for
• The company provides various offerings
Mckesson corporation.
to diverse customer segments
• Economic slowdown in the Europe region
could negatively affect sales from the
region.
• Changes in regulatory policies in
healthcare industry of North America would
have material impact on the revenues.
• Large dependence on the US markets for
revenue.
• Less number of suppliers provide

• Favourable demographics in North America,
substantial amount of supplies
in terms of age, which could positively
impact sales.
• Acquisition of CoverMyMeds would help
gain entry into a new business vertical.

COMPETITIVE LANDSCAPE COMPANY PROFILES MCKESSON CORPORATION RECENT DEVELOPMENTS
122
McKesson Corporation completed the acquisition of Vantage Oncology

M
Holdings, LLC (“Vantage”), a leading provider of integrated oncology
and radiation services headquartered in Manhattan Beach, California.
Vantage’s comprehensive oncology management services model,
including its focus on community based radiation oncology, medical
oncology, surgical specialties, and other integrated cancer care
services, complements and strengthens the existing offerings of
McKesson and US Oncology Network, while allowing patients to
access the care they need in an efficient, customizable, and cost
effective way. McKesson corporation completed the acquisition of Biologics, Inc
Apr 2016 (“Biologics”), a Cary, North Carolina-based company that provides

oncology pharmacy services to providers and patients, as well as
solutions for manufacturers and payers.
M Apr 2016
M I E P


COMPETITIVE LANDSCAPE COMPANY PROFILES PERKINELMER INC. OVERVIEW
123
• PerkinElmer, Inc. (United States) engages in the provision of products, services, and solutions to diagnostics, food,
environmental, industrial, life sciences research, and laboratory services markets.
• It operates through the Discovery and Analytical Solutions and Diagnostics segments.
• The Discovery and Analytical Solutions segment comprises of technologies that help life sciences researchers better
understand diseases and develop treatments. Founded in 1937
• The Diagnostics segment offers instruments, reagents, assay platforms, and software to hospitals, medical labs, clinicians,
and medical research professionals, to help improve the health of families.
Waltham, United
• The company was founded by Richard Scott Perkin and Charles W. Elmer on April 19, 1937 and has headquarters in HQ States
Waltham, MA.
Operations: North America,
Europe, Asia Pacific
Financial Overview
Revenue in USD million, 2015-2017
~ 11,000 Employees
2,256.98
Revenue (2017)
USD 2,256.98
million
2,104.82 2,115.52 1 781 663 6900
http://www.perkinelmer.com
2015 2016 2017

COMPETITIVE LANDSCAPE COMPANY PROFILES PERKINELMER INC. OVERVIEW
124
Revenue Breakdown (%), by Division, 2017 Revenue Breakdown (%), by Geography, 2017
3.3% 2.8%
30% United States
Discovery and Analytical Solutions 3.4% Other International

3.5%
3.7% China
Diagnostics 4.0% 37.0%

Germany
70%
India
France
16.5%
Italy
• Company has reported the business in two segments: Discovery
and Analytical Solutions and Diagnostics. The company realigned Japan
its businesses at the beginning of the fourth quarter of fiscal year United Kingdom
25.0%
2016, to better position and grow in attractive end markets and
expand share with its core product offerings, through an improved • In 2017, the company earned USD 1,420.0 million in sales from the international
customer focus, more value-added collaboration, and operations, which is representing approximately 60% of its total sales.
breakthrough innovations. • In 2017, the company derived approximately 70% of its international sales from the
• The Discovery and Analytical Solutions segment serves the Discovery and Analytical Solutions segment and approximately 30% of its international
environmental, food, industrial, life sciences research, and sales from the Diagnostics segment.
laboratory services markets, and generated a revenue of USD
1,578.5 million in 2017.
COMPETITIVE LANDSCAPE COMPANY PROFILES PERKINELMER INC. PRODUCTS AND STRATEGIES
125
Products and Services Strategies
• The company’s strategy is to develop and deliver innovative products, services, and
• OneSource Laboratory Services
solutions in high-growth markets that utilize the company’s knowledge and expertise
• Analytical Chemistry Software
to address customers critical needs and drive scientific breakthroughs.
• Screening Software
• To execute its strategy and accelerate revenue growth, the company focuses on
Technology
broadening the offerings through, both, the acquisition of innovative technology and
investment in R&D.
• Accelerating innovation through, both, internal R&D and third-party collaborations

and alliances.
• Utilizing the company share repurchase programs to help drive shareholder value.
Competition
• Attracting, retaining, and developing talented and engaged employees.
• Thermo Fisher Scientific Inc., Cerner

Corporation, Agilent Technologies, Inc.,
Change Healthcare, Computer Programs and
Systems Inc., Curaspan Health Group, and
CureMD Healthcare among others.

COMPETITIVE LANDSCAPE COMPANY PROFILES MERCK & CO. INC INC.
PERKINELMER SWOT ANALYSIS
126
• Wide geographic presence enables PerkinElmer to sustain

growth through diverse revenue streams.
• PerkinElmer operates in a highly competitive environment. • As PerkinElmer operates in diverse geographic markets, it
Due to the wide range of products and services, the does not depend on any single geographic market for
company faces different types of competition with different majority of its revenues. During FY 2016, the company
competitors. experienced a growth in its Diagnostics Business due to
• PerkinElmer's competitors range from foreign and continued expansion in its new born screening, blood
domestic organizations, who produce a comprehensive banking, and screening businesses.
array of goods and services to small firms producing a

limited number of goods. The company competes on the
basis of service level, price, product differentiation,
product availability, quality, and reliability.
• Product recalls may dent the company's reputation.
• PerkinElmer recalled its products in the earlier years.

• Strategic acquisitions and collaborations would For instance, in 2016, the company recalled RoboRack,
strengthen PerkinElmer's business. used in pipetting and diluting for clinical use. The
• Increase in healthcare spending is likely to spur product was recalled due to incorrect molding of filter
the demand for PerkinElmer's human health tips and improper sealing to the Varispan tip adaptor,
products. which causes inaccurate aspiration and dispensing.
• Launch of innovative products would help the
company expand its business.

COMPETITIVE LANDSCAPE COMPANY PROFILES PERKINELMER INC. RECENT DEVELOPMENTS
127
The company acquired the businesses of EUROIMMUN

Medizinische Labordiagnostika AG (“EUROIMMUN”). It In 2017, the company acquired the businesses of Tulip Diagnostics Private
acquired for total consideration of EUR 1.2 billion. M Limited for total consideration of USD 127.3 million.
Jun 2017
M I E P


COMPETITIVE LANDSCAPE COMPANY PROFILES THERMO FISCHER SCIENTIFIC RECENT DEVELOPMENTS
128
• Thermo Fisher Scientific Inc. is an US-based multinational biotechnology company, which was founded in 2006, with
the merger of Thermo Electron and Fisher Scientific.
• In January 2014, Thermo Fisher acquired Life Technologies Corp., for USD 13.6 billion, in a deal that may rank the firm
as one of the leading companies in the genetic testing and precision laboratory equipment markets.
• The company’s innovative life science, applied science, and clinical products are offered under the Applied
Biosystems, Invitrogen, Gibco, Ion Torrent, and Molecular Probes brands. Founded in 1956
• It is the world leader in serving science, with revenue of more than USD 20 billion, and approximately 65,000 employees
worldwide. Through its premier brands, such as Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, and
Unity Lab Services, the firm offers a combination of innovative technologies, purchasing convenience, and HQ United States
comprehensive services.
Financial Overview Operations: Worldwide
Total Revenue in USD million, 2015-2017
20918 ~ 65,000 Employees

18274
16965
Revenue (2017)
USD 20,918 billion
1-800-640-0640
www.thermofisher.com
2015 2016 2017

COMPETITIVE LANDSCAPE COMPANY PROFILES THERMO FISCHER SCIENTIFIC RECENT DEVELOPMENTS
129
Revenue Breakdown (%), by Business Division, 2017 Revenue Breakdown (%), by Geography, 2017
3%
16%
22% 22%
United States
Analytics Instruments
Europe
51%
Life Science Solutions
Asia-Pacific
36% Laboratory Products and Services
24% Rest of the World
26% Specialty Diagnostics
• The company generates 51% of its total revenue from the United States, due
• The company has a great hold in laboratory products and services, to the advancements in its healthcare industry.
and it generates around 36% of the revenue. • The United States has become an attractive market for bigger players, like
• The Analytical Instruments segment contributes 22% of the revenue. Thermo Fisher Scientific.
• The company’s performance in Europe and Asia-Pacific is similar to the

scenario in the United States.

THERMO FISCHER SCIENTIFIC
COMPETITIVE LANDSCAPE COMPANY PROFILES PRODUCTS AND STRATEGIES
INC. 130
• Core Lab Information Management

• In 2017, the company invested USD 7.8 billion in strategic M&A. The most significant was the
Systems (LIMS)
addition of Patheon, a leading contract development and manufacturing organization (CDMO) for
• Sample Manager LIMS
pharmaceutical and biotech customers. Through its comprehensive services offering, from initial drug
• Watson LIMS
formulation development to commercial production, the business is a vital partner to
• Core Electronic Laboratory Notebook
biopharmaceuticals, in helping deliver medicines to patients.
(ELN)
• By adding these capabilities to the leading clinical trials services, it has created a USD 3 billion
• Core Scientific Data Management System
services business, which supports its largest customer base.
(SDMS)
• The company focused on acquisitions and collaboration strategies to strengthen its market position in
• Core Connect
the IVD market. The United States is the world's largest molecular diagnostics market. Well versed in
advanced detection technologies, it also has the strongest customer demands. Recently, the
company entered a collaboration with Seegene Inc. The synergistic combination of Thermo Fisher's
newest instrument and Seegene's powerful multiplex PCR chemistry technologies is expected to
Competitors
enable it to gain the US market share, by offering advanced detection methods to more physicians
and patients.
• Cerner Corporation, Agilent • Thermo Fisher Scientific acquired IntegenX, a provider of leading rapid DNA technology for human
Technologies, Inc., Change Healthcare, identification.
Computer Programs and Systems Inc., • Thermo Fisher Scientific Inc. completed the acquisition of Phenom-World, a leader in desktop
Curaspan Health Group, and CureMD scanning electron microscopy (SEM) solutions. The company is expected to integrate the business
Healthcare among others. into its Analytical Instruments segment.
COMPETITIVE LANDSCAPE COMPANY PROFILES SWOT ANALYSIS
INC. 131
• Introduction of Orbitrap Mass Spectrometry

Platform, which is expected to increase sales
• Thermo Fisher Scientific is required to comply and revenue.
with a wide variety of laws and regulations by • Broad portfolio encompassing equipment,
various federal, state, and foreign agencies. This consumables, reagents, and software required
could pose as a threat for the company. for scientific analysis.
• Highly competitive market.
• Thermo Fisher Scientific has substantial debt,

which may adversely affect its operations.
• High dependence on pharmaceutical and
• Increase in revenue from emerging economies, such as biotechnology institutes.
India, China, and South Africa.
• Long-term growth investments, such as strategic
acquisitions.
• Increase in the depth of capabilities in technologies,
software, and services, and the advantage of extensive
global channels to address the customers’ emerging
needs.

COMPETITIVE LANDSCAPE COMPANY PROFILES RECENT DEVELOPMENT
INC. 132
Thermo Fisher Scientific acquired IntegenX, a provider of leading M

rapid DNA technology for human identification.
Mar 2018
Thermo Fisher Scientific Inc. announced its completion of the acquisition of
Thermo Fisher Scientific Inc. completed the acquisition of Phenom-

M Patheon NV for approximately USD 7.2 billion.
Aug 2017
World, a leader in desktop scanning electron microscopy (SEM)
solutions. Thermo Fisher is expected to integrate the business
into its Analytical Instruments segment.
Dec 2017
M I E P


COMPETITIVE LANDSCAPE COMPANY PROFILES WATERS CORPORATION OVERVIEW
133
• Waters Corp. is a specialty measurement company, which engages in the analytical workflow solutions involving liquid
chromatography, mass spectrometry, and thermal analysis innovations.
• It operates through Waters and TA segments. The Waters segment designs, manufactures, distributes and services liquid
chromatography and ultra performance liquid chromatography instruments, columns and other chemistry consumables that
can be integrated and used along with other analytical instruments.
Founded in 1958
• The TA Instruments segment designs, manufactures, distributes and services thermal analysis, rheometry and calorimetry
instruments.
Massachusetts, United
HQ States
Operations: Asia Pacific,

Financial Overview Europe, North America, and
Rest of the World
Total Revenue in thousands of USD , 2015-2017

~ 7,001 Employees
2,309,078
Revenue (2017)
$2,309 USD million
2,167,423
2,042,332
1 508 478 2000
http://www.waters.com/
2015 2016 2017

COMPETITIVE LANDSCAPE COMPANY PROFILES WATERS CORPORATION OVERVIEW
134
Revenue Breakdown (%), by Business Segment, 2017 Revenue Breakdown (%), by Geography, 2017
8%
8% 3%
16% 14% 31%
43%
30% 18%
Water Instrument Systems Water Service

Chemistry TA Instrument Service 29%
TA Service
United States Europe China Asia Other Japan
• The TA operating segment is primarily in the business

• The company determined that it has two operating
of designing, manufacturing, distributing and servicing Geographically, the Company experienced 10% sales growth in both,
segments: Waters and TA.
thermal analysis, rheometry and calorimetry Europe and Asia in 2017, while sales in the Americas was flat in 2017, as
• The Waters operating segment is primarily in the
instruments. compared to the previous year. The Americas’ sales growth was
business of designing, manufacturing, distributing and
• The Company’s two operating segments have similar negatively impacted by natural disasters in the US, Mexico, and Puerto
servicing LC and MS instrument systems, columns and
economic characteristics; product processes; products Rico, as well as weaker customer sentiment in the first half of 2017.
other precision chemistry consumables that can be
and services; types and classes of customers; methods
integrated and used along with other analytical
of distribution; and regulatory environments.
instruments.

COMPETITIVE LANDSCAPE COMPANY PROFILES WATERS CORPORATION PRODUCTS AND STRATEGIES
135
• Empower 3 Chromatography Data Software • Looking at the current competitive landscape, Waters’ R&D strategy largely involves acquisitions and
• MassLynx Mass Spectrometry Software partnerships, which is helpful for the company in the short term for launching a wide variety of
• NuGenesis Lab Management System products quickly.
• Progenesis QI Software • Development of products through in-house research should also be a priority for the company as that
• UNIFI Scientific Information System would help the company in the long run. Waters Corporation also offers a wide range of services to its
• Symphony Software customers to maximize the productivity of the technologies offered by them, which should help them
improve their customer relations and contributing a significant amount to their sales.
• Around 30% of sales revenue of the company comes from the services they offer. Waters
Corporation, in recent years is also developing software-based products that interface with the
Competition company’s, as well as other suppliers instruments, which is a good strategic move by the company to
diversify their portfolio of products.
• Thermo Fisher Scientific Inc.
• Abbott Informatics Corporation
• Agilent Technologies, Inc.

COMPETITIVE LANDSCAPE COMPANY PROFILES WATERS CORPORATION SWOT ANALYSIS
136
• The Waters Division is one of the major areas

of strength to the company. It accounted for
• Technological Changes 88.7% of the company’s total revenue in 2017.
• Government Regulations Strong performance from this segment
• Intense Competition augments the operational and financial
condition of the company.
• R&D Activities
• Mass Spectrometry Portfolio
• Increasing debt could have a major impact on

the operational performance of the company as
a major portion of the company's earnings
• Rapid
• Growing Clinical Laboratory Testing Industry would be diverted toward servicing of its debt
• New Product Launches obligations. This could concern the investors,
• Strategic Agreements as well as make it difficult for the company to
raise funds at favorable terms from the market.

COMPETITIVE LANDSCAPE WATERS
COMPANY CORPORATION
PROFILES WATERS CORPORATION RECENT DEVELOPMENTS
137
Waters and Malvern Panalytical have announced a collaboration to

improve polymer characterization
Jan, 2018
M I E P


138
9. FUTURE OF THE MARKET

FUTURE OF THE MARKET
139
The laboratory In the future, in- In the current market, a Cloud-based lab
professionals all over the vitro diagnostic (IVD) In the forecast period, major inhibitor of growth is information systems are
world, operating at various product providers are many IVD vendors are potential system issues in expected to be the most
levels are experiencing expected to introduce new expected to venture into lab informatics system, sought after information
growing pressures to wave of integrated the market studied. The which result in downtime. management systems
provide value based systems, designed to growth of the market The downtime in during the forecast period.
services. In the current harness the power of studied in the forecast laboratory activities This is primarily due to the
market there is a shift information into usable period is likely to be translates in huge losses ability to connect
from fee to value-based solutions that meet the marked by the and subsequently instruments throughout an
services. Additionally, most pressing needs of streamlining of inventory presents a market need entire network to provide
there is a drive to produce today’s laboratories to management and through for proactive system access to actionable
more timely lab results provide integrated flow of centralization of service to minimize cloud-based analytics,
with fewer resources in data from the point of instrumentation downtime and provide including a blend of
highly cost-conscious inception to the point of monitoring. incessant networking of instrument data and
environments. analysis. lab instrumentation. service information.

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1

Report Global Laboratory Informatics Market

THIS REPORT PROVIDES:

• A detailed understanding of the present status of the global laboratory informatics

• An evaluation of the competitive landscape, including product portfolio, key

• Insights on the upcoming trends in laboratory informatics

Industry Reports | Consulting | Intelligence Center

Report Global Laboratory Informatics Market

6.1.2 Increasing Applications of Lab Informatics Solutions

7.3 By Delivery Mode

Report Global Laboratory Informatics Market

8. COMPANY PROFILES AND COMPETITIVE LANDSCAPE

8.1 Abbott Laboratories (Abbott Informatics Corporation)

8.2 Agilent Technologies

8.3 Cerner Corporation

8.4 LabLynx Inc.

8.5 LabVantage Solutions Inc.

8.6 LabWare Inc.

8.7 McKesson Corporation

8.8 PerkinElmer Inc.

8.9 Thermo Fischer Scientific Inc.

8.10 Waters Corporation

*Competitive Landscape Covers- Business Overview Financials,

9. FUTURE OF THE MARKET

Report Global Laboratory Informatics Market

1.1 Scope of the Study

1.2 Market Definition

1.4 Study Assumptions

Report Global Laboratory Informatics Market

Laboratory Information Management System (LIMS)

Report Global Laboratory Informatics Market

Report Global Laboratory Informatics Market

AIM AND OBJECTIVE OF THE STUDY

FORECAST PERIOD BASE YEAR COMPANIES PROFILED

GEOGRAPHICAL SCOPE SEGMENTS COVERED

PORTER’S FIVE FORCES ANALYSIS

SEGMENT AND SUB-SEGMENT

Report Global Laboratory Informatics Market

Report Global Laboratory Informatics Market

Report Global Laboratory Informatics Market

Source: Mordor Intelligence Analysis

Report Global Laboratory Informatics Market

Knowledge from Similar

Report Global Laboratory Informatics Market

Research Process (1/3)

Step 1 Step 2 Step 3

• Project Initiation • Market Research

• Clear understanding of requirement

• Validate the aims and objectives to be met ▪ Report Structure

• Finalize report structure

• Establish and verify “deliverable format”

Report Global Laboratory Informatics Market

Research Process (2/3)

Step 1 Step 2 Step 3

• Project Initiation • Market Research • Analysis and Final

• Extensive desk-based secondary research,

• Send out invitations to the panel and begin

• Monitor quality and progress

Report Global Laboratory Informatics Market

Research Process (3/3)

Step 1 Step 2 Step 3

• Project Initiation • Market Research • Analysis and Final

• Qualitative analysis of each segment