Brazil Lab Informatics Market - Forecast(2024 - 2030)
Brazil Lab Informatics Market Overview:
Brazil Lab Informatics Market size is estimated to reach US$60.5 million by 2030, growing at a CAGR of 8.5% during the forecast period 2023-2030. The increasing demand for laboratory automation, stringent regulatory standards, and technological innovations are driving the demand for Lab Informatics from the end users in Brazil during the forecast period.
Furthermore, the adoption of cloud-based laboratory informatics and the emphasis on precision medicine in Brazil are driving the demand for advanced data management systems such as Laboratory Information Management Systems (LIMS). These trends are set to have a favorable impact on the outlook of the Lab Informatics industry in Brazil throughout the forecast period.
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Key Takeaways:
By Product, in the Brazil Lab Informatics market share, Chromatography Data Systems (CDS) is analyzed to grow with the highest CAGR of 10.1% during the forecast period 2023-2030. This growth is attributed to the increasing adoption of chromatography data systems in laboratories. A notable example is the Chromeleon 7.3 CDS developed by Thermo Fisher Scientific Inc., which facilitates chromatography and mass spectrometry procedures across the entire spectrum of laboratory activities, from research to routine quality testing. This system effectively connects people, instruments, and enterprise data management software.
Furthermore, CDS systems offer seamless integration with other laboratory software and information management systems like Laboratory Information Management Systems (LIMS), resulting in streamlined laboratory workflows and enhanced data exchange, contributing to their popularity and growth in the market.
Cloud-based lab informatics offers laboratories the benefits of enhanced accessibility, scalability, cost-efficiency, security, and data management. It empowers research organizations to focus more on their core scientific activities while leaving IT infrastructure management to cloud service providers. In March 2023, Illumina Inc. announced the release of Connected Insights, a new cloud-based software enabling tertiary analysis for clinical next-generation sequencing (NGS) data.
Such collaborations demonstrate the synergy between cloud-based lab informatics and cutting-edge technology solutions in driving advancements across various sectors, including healthcare and research.
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Key Market Players:?
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Brazil Lab Informatics Market. The top 10 companies in this industry are listed below:
1. Thermo Fisher Informatics?
2. Agilent Technologies Brasil Ltda
3. Starlims Technologies Ltd
4. Waters Technologies do brasil ltda
5. PerkinElmer
6. Illumina, Inc.
7. Dassault Systemes o brasil ltda.
8. LabWare
9. Cerner Brazil
10. LabVantage