Growing Laboratory Automation to Drive the Laboratory Informatics MarketPublished On: May 24, 2018
Laboratory automation along with penetration of new technologies is increasingly reducing the workload of scientists and research professionals. This leads to increased productivity, reduced operational costs, and improved quality and outcomes, thus causing laboratory automation one of the prime driving factors for the growth laboratory informatics market.
Laboratory automation and the emergence of new technologies have transformed the typical workday for many research organizations and laboratories. Applications for laboratory automation range from the automated robotic stations for a high throughput operation, while an academic research laboratory may choose to use only some instruments to increase productivity and eliminate a tedious task. On the other hand, a drug discovery unit in a pharmaceutical company will probably want to automate all phases of its research.
The growing volume and complexity of research data are necessitating the requirement of advanced laboratory informatics solutions that can efficiently originate meaningful insights. Increasing integration of automation in contract research organizations and chemical testing laboratories have significantly accelerated commercialization of laboratory informatics systems. The increasing adoption rate of cloud-based solutions in the research organizations and life sciences industries have enabled customized services via internet such as data monitoring, providing alerts to research professionals about the risks. Advancement in technology and increasing access to high-speed internet at low cost is allowing research laboratories to readily adapt these advanced laboratory informatics solutions. Thus, players in this market are focusing on including cloud based or SaaS informatics, enhancing integration capabilities, understanding industry specific requirements, and providing more user-friendly solutions.
The growing automation in laboratories results in greater need to manage increasing volumes of data at faster rate. This has created the need for efficient data storage, analysis and sharing solutions. Informatics solutions can significantly improve the effectiveness and efficiency of an organization’s laboratory operations. The automation of laboratory processes and the integration of data provide a platform to drive scientific decisions, improve quality, and ultimately enable lab professionals to productively advance research, development, and manufacturing.
Thus, growing lab automation will drive the growth of laboratory informatics market, which is expected to grow at CAGR of 6.5% to reach USD 3,531.2 Million by 2023, according to Meticulous Research.
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