Global Lab Automation Software Market Research Growth, Regions, Type and Application, Forecast Analysis to 2021-2030

In a recently published report, Global Lab Automation Software Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Lab Automation Software Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.

There is an enormous amount of data that is generated in a lab every day and efficient and effective methods are imperative to collate and thoroughly analyse it. A heavily extensive usage is of essential importance in the R&D labs throughout the world and software is utilized to its full potential to access preconfigured databases in order to identify synthesized compounds and other scientific breakthroughs.

Assay data management, sample management, data analysis, data mining, and electronic laboratory notebook (ELN) integration are few of the major applications of automation software in the laboratory. They make it possible to sync various analytical instruments in a lab to reach a comprehensive and a holistic solution.

Market Dynamics
Major factors responsible for market growth process such as progressing drug discovery and clinical diagnostics, miniaturization, benefits of lab automation over traditional laboratory settings, shortage of laboratory professionals, and presence of government and corporate funding for biotech and pharmaceutical research are expected to be major growth drivers of the global lab automation software market in the upcoming years. On the other side of the coin, low priority for lab automation among small and medium-sized laboratories, lack of planning for technology development, and indefinite data interchange/communication standards are the major factors that are restraining the growth of the lab automation market.

Market Segments
The segmentation is done on the basis of the the type of solution, it is segmented into electronic lab notebooks (ELN), laboratory information management systems (LIMS), electronic data capture (EDC), chromatography data systems (CDS) & clinical data management systems (CDMS), enterprise content management (ECM), laboratory execution systems (LES), and scientific data management systems (SDMS).
The global lab automation software market is currently dominated by the LIMS segment. The large share of this segment is due to the wide array of benefits associated with the application of these systems, including enhanced workflow efficiencies, easy integration with other lab systems, reduced transcription errors, and far better in terms ofregulatory compliance.

Geographical Analysis
The global laboratory automation software market is segmented into North America, Asia, Europe and the Rest of the World (RoW). North America is expected to have the largest market share during the forecast period. The large share of the said regional segment can primarily be due to the strong economic performance in the US and Canada, which allow for significant up gradation and investments in new technologies. Substantial growth in the North American market is also attributed to the growing demand for the integration of laboratory systems, need for early drug discovery, growth in biobanks, stringent regulatory requirements across industries and easy availability of laboratory informatics products and services.

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Key Players
The Key players include LabWare (US), Thermo Fisher Scientific, Waters (US), Inc. (US), LabVantage Solutions, Inc. (US), LabLynx, Inc. (US), Abbott Informatics (US), Dassault Systmes (France), Agilent Technologies (US), IDBS (UK), Autoscribe Informatics (UK), PerkinElmer Inc. (US), Arxspan LLC (US), RURO Inc. (US), Kinematik (Ireland), and LABWORKS (US).

Report ContentsRegional AnalysisReport Highlights
Global Market segments
Global Market Drivers, Restraints and Opportunities
Global Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Global Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Rest of Eastern Europe

Asia Pacific
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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