Industry Research Report

Wednesday, 24 February 2021

Hand Sanitizer Market 2020 Future Scope and Price Analysis by 2027

The global hand sanitizer market size is expected to reach USD 17.2 billion by 2026 according to a new study by Polaris Market Research. The report “Hand Sanitizer Market by Product Type (Gel, Liquid, Foam and Spray); By Distribution Channel (E-Commerce, Hospital Pharmacies, Retail Suppliers, Supermarket and Others); By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market for hand sanitizers has gained a sudden momentum due to the COVID-19 pandemic which is spread across the globe. World Health Organization has already mentioned in its advisory the importance of usage of hand sanitizers during these days and due to this the governments across the globe have made it mandatory the usage, which has pushed the market for these handrubs. There has been a sudden surge in the demand for all types of sanitizer and some countries which are developing are also facing shortage.

Hence many manufacturing industries are striving their best to distribute hand sanitizer in the marketplace. Governments are also encouraging its usage, thereby increasing its demand. The World Health Organization (WHO) has also recommended its usage at home, healthcare institutions as well as in all industries, offices, etc. to face the outbreak COVID-19. These new norms have enormously pushed the market and has gained an unprecedented traction in 2020.

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These sanitizers are majorly of two types which include alcohol or non-alcohol-based sanitizer. There has been a major demand for alcohol-based hand sanitizers. These sanitizers are mainly relevant within the liquid handrub, gel-based handrub, foam-based, and spray-based hand sanitizer for killing diseases. Based on the current scenario, the government and other private institutes are also implementing sprinkler-based sanitization systems, especially in the infected areas.

The players are who helping the health care sectors are Gojo Industries, Inc., Vi-Jon, Inc., Nice Pak, EO Products, Edgewell Personal Care, KAS Direct, LLC, 3M Company, Best Sanitizers, Inc., Byotrol plc, Chattem, Inc., Henkel AG & Co. KGaA, Lion Corporation, Medline Industries, Inc., Procter & Gamble Co., Reckitt Benckiser Group plc, SC Johnson & Son, Inc., Deb Group Ltd., Skinvisible, Inc., The Clorox Company, Unilever plc, Godrej Consumer Products Ltd, Zep, Inc., The Himalaya Drug Company and others across the global market. The most important share hand sanitizer in the global market are launching product, marketing, acquisition to encompass the consumer to increase the selling percentages of strategies to preserve and capture the hand sanitizer market.

This report focuses on the upward push in the amalgamation of distribution of handrub by the means of e-commerce and hospital pharmacies. It also focuses on the trends in the healthcare industry for using the alcohol based liquid hand sanitizer to eliminate the chances of getting infected. The report analyzes on how the availability of hand sanitizer has raise the competition and price attrition of handrub.

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Based on region, the global handrub industry has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2020, North America region is expected to dominate the market in terms of quantity on account of the higher number of COVID-19 cases and production of handrub. Moreover, Asia-Pacific is the largest producer of liquid hand sanitizer for the consumers and is expected to grow in the global market in 2020. The volume and value of these products are expected to increase due to the demand for the handrub in the region in the coming years majorly because of the pandemic. Moreover, majority of the population in the Asia Pacific region is now more aware about the benefits of the usage of handrubs and sanitizers due to the current pandemic. This would in turn benefit the market in the APAC region.

On the basis of product type, liquid hand sanitizer has gained the popularity related to minimize the risk of the transmission of infectious disease. Handrubs are assisting the health care sectors primarily in stopping supply of such transmission diseases while maintaining contact with the patients’ or personal with each other while functionalities of the healthcare workers. Liquid hand sanitizer along with other alcohol based sanitizers and chemicals can also be used to disinfected masks, hands or the contaminated area to minimize the transmission cases of infectious diseases such as COVID-19, thus creating an opportunity for this market.

The European marketplace is projected to preserve a steady growth revenue over the forecast period. Hand sanitizer encompassed with the Himalayan Drug Company trying to make contemporary sensing in the health systems and witness to expand the adoption of using hand sanitizer in Europe, which has greatly aided to decrease the infection in the polluted places.

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Face Mask Market Import Export Scenario, Application, Growing Trends and Forecast 2020-2027

The demand for face mask has witnessed robust growth in the recent past and this trend is expected to continue till 2027. The World Health Organization (WHO) has recommended to use face mask in home as well as in Production of face masks is an extremely complex process and has a lot of dynamics attached to it. In addition, to the masks, several auxiliary items such as ear loops, packaging, metal strips among others also need to be manufactured. The global Face Mask market size is expected to reach USD 31.83 billion by 2027 according to a new study by Polaris Market Research

With the scale of the huge demand amidst the pandemic, the whole face mask manufacturing and its supply chain are under a lot of pressure. The pre-pandemic production capacities were not enough to meet the meteoric demand rise and hence, in major manufacturing hubs such as China, companies scrambled their operating systems to ramp up their production.

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Companies in China are now operating at 110% of their capacity and even this production is not able to meet the global demand. The country has increased its manufacturing capacity by 20 times as compared to February of masks ranging from N-95 to cloth masks. Even factories producing mobile phones, shoes, automotive, diapers, sanitary pads among others have been modified to meet the rising demand of face masks. Such trends have put the supply chain of face masks under tremendous pressure.

Government initiatives in helping companies in China to transition into face masks manufacturing hubs and granting subsidies has resulted in a rapid rise in new entrants. Provincial regulators are working in full-time to provide licenses to these new participants. However, adherence to globally accepted standards and quality norms remain a cause of concern.

Italy has eased restrictions as of now and is in phase 2 widely termed as living with the virus phase. Wearing of masks has become mandatory due to the regulations prescribed by the government in order to curb the spread of the virus. According to Consumer associations in the country, only 25% of pharmacies had these capped masks for sale.

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There were also difficulties in the overall supply chain management of these capped masks as many of the batches that were earmarked for supply to drugstores did not reach their destination. Authorities in the country also took concentrated efforts to boost the production of the masks and announced intentions to set up a consortium of companies. The intention of the Italian government to speed up the overall exit process of lockdown is expected to greatly benefit the demand for face masks in the country.

Moreover, the key players involved in the global Face Mask Market include, Moldex, Shanghai Dasheng, Kimberly-Clark, BDS, Gerson, Halyard Healthcare, SAS Safety Corp., Honeywell, Irema, KOWA, 3M, McKesson, MolnlyckeHealth, CM, Sinotextiles, DACH,Te Yin, Hakugen, and Uvex among others are key players in the market.. Product launch, merger & acquisition, and partnerships encompass key players’ strategies to preserve and capture the most important share of the global market.

https://www.medgadget.com/2020/05/face-mask-market-size-worth-7-22-billion-by-2026-cagr-22-14-exclusive-study-by-polaris-market-research.html

https://www.medgadget.com/2020/08/face-mask-market-to-surpass-31-83-billion-by-2027-cagr-24-6-polaris-market-research.html

Vitamin K2 Market Report by Type, Application and Regional Outlook

The report “Vitamin K2 Market Share, Size, Trends, Industry Analysis Report By Product (MK-4, and MK-7), By Application (Pharmaceuticals, Nutraceuticals & Food, Others); By Source (Natural, Synthetic, Others); By Regions, Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth. The global Vitamin K2 market size is expected to reach USD 290.3 million by 2026 according to a new study by Polaris Market Research.

The alarming cases of vitamin deficiency in humans are anticipated to be a primary trigger for demand in the global market. A study conducted by the Food & Agriculture Organization of United Nations (FAO) in the year 2018 revealed that vitamin K deficiency bleeding (VKDB) in infants has emerged to be a major concern for infant mortality. Such incidences are anticipated to be the primary demand generators over the forecast period.

Osteoporosis is another major ailment which constraints growth of new tissues in the human body. More than 38 million people globally suffered of osteoporosis between 2017-18, as per Osteoporosis Foundation statistics. Hence, compensation of calcium deficiency in the human body is expected to be the main area of vitamin K2 consumption. Multifunctional ingredients ensure extended shelf life of foods, and significantly improve the texture and taste of the end-products, hence these ingredients have become a rage in the pharmaceutical industry. The ageing as well as geriatric population creates a bigger room for manufacturers in terms of product innovation.

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As far as the production/derivation methods of vitamin K2 are concerned, natural source accounts for a higher share in the market followed by synthetic means. Production method of the ingredient is a crucial concern particularly in the pharmaceutical industry, as manufacturers have to keenly assess the drug testing criteria put forth by governing authorities. The pharmaceuticals and food application segment is expected to consume the highest amount of vitamin K2 as a result of changing lifestyles, health awareness, and rising disposable income of people. Powders and oils are the primary forms through which vitamin K2 would be integrated in foods.

As of 2019, North America holds the largest market share followed by Europe and Asia Pacific. A drastic increase in the consumption of functional foods by the citizens of Australia, China, and India are likely to speed up the demand of vitamin K2 in Asia Pacific over the next five years. Middle East and Africa is likely to pose a moderate demand for vitamin K2 because of the already existing health and wellness campaigns deployed by the government.

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Mergers & acquisitions (M&A), collaborations, partnerships, capacity expansion plans, heavy amount of research & development, and signing long term distribution contracts with local sales giants are the key strategies adhered by market participants to maintain and strengthen their position in the global landscape.

The key players in the market include Danisco A/S (DuPont Health and Nutrition), Kappa Bioscience, DSM, BASF, Gnosis SpA, Frutarom, NattoPharma, Seebio Biotech, and Geneferm Biotechnology Co. Ltd. among others. Direct selling proves to be a cost-effective channel for SMEs to gain customer trust.

Polaris Market research has segmented the vitamin K2 market report on the basis of product, application, source and region

Vitamin K2 Product Outlook (Revenue, USD Million, 2015 – 2026)

MK-4
MK-7
Others

Vitamin K2 Application Outlook (Revenue, USD Million, 2015 – 2026)

Pharmaceutical
Nutraceuticals & Food
Others

Vitamin K2 Source Outlook (Revenue, USD Million, 2015 – 2026)

Natural
Synthetic

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EV Charging Cables Market Global Industry Analysis, Top Manufacturers, Growth, Opportunities & Forecast to 2027

The report “EV Charging Cables Market Share, Size, Trends, Industry Analysis Report, By Charging Level (Level 1, Level 2, Level 3); By Cable Length (Up to 5 Meters, 6 Meters to 10 Meters, Above 10 Meters); By Application (Public, Private); By Power Supply (Alternate, Direct); By Shape (Coiled, Straight) By Regions; Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global EV Charging Cables market size is expected to reach USD 1,992.5 million by 2026 according to a new study by Polaris Market Research. Governments all across the world are taking initiatives to promote the adoption of electric vehicles. Countries such as China, India, France, and the U.S. have invested significantly in the development of charging infrastructure to support market growth. Governments have also introduced stringent regulations regarding vehicular emissions to encourage the use of electric vehicles, which further drives the growth of the market. Market players are introducing technologically advanced EV charging cables in the market to appeal to a range of consumers. Innovations in the market have resulted in the launch of charging cables with reduced charge time and low overall costs. Technological advancement in terms of miniaturization and improvement of components has encouraged established organizations, and small and medium enterprises to invest in EV charging cables.

Vendors in the global market are expanding their geographical presence and product portfolios to strengthen their presence. The developing nations of Asia-Pacific would provide significant growth opportunities in the market. Some of the major market participants include Phoenix Contact, Dyden Corporation, TE Connectivity, Coroplast, Leoni AG, BESEN International Group, Sinbon Electronics, Systems Wire and Cable, General Cable Technologies Corporation, Chengdu Khons Technology Co., Ltd., Manlon Polymers, Eland Cables, EV Teison, Aptiv Plc., and Brugg Group.

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The different charging levels used in the global market include level 1, level 2, and level 3. Level 1 is a single-phase cable that provides battery recharge through an alternating-current plug and a dedicated circuit. It does not require the installation of charging equipment. It usually requires 8 to 12 hours to completely charge a battery, and is usually used for home purposes.

On the basis of application, the market is segmented into public and private. The governments across the world are investing significantly in deployment of public charging infrastructure by subsidizing the construction of charging stations. France has declared its goal to deploy 7 million outlets by 2030 for the cars to recharge. In 2016, Korea upgraded its former target of deploying publicly accessible fast chargers from 1,400 to 3,000 by 2020 to increase the adoption of electric vehicles. Norway provides public funding for construction of fast-charging stations every 50 km on main roads. In the United Kingdom, $650 is offered for the installation of a dedicated home charger for an electric car.

The market is segmented into Alternate, and Direct Charging based on power supply. AC transforms the incoming AC and into DC, and then forwarded to the battery pack. AC stations are widespread and offer vehicle recharge at affordable rates. However, the demand for DC is increasing owing to faster charging duration. BMW has launched its BMW Digital Charging Service (DCS), which is an intelligent cost-effective service optimizing charging technology for BMW i and BMW iPerformance vehicles. After activation of DCS, the recharge process is carried out independently and autonomously. DCS is based on principles on Tariff and solar optimised vehicle recharge. On the basis of shape, the market is segmented into straight and coiled. In 2019, the straight EV charging cables dominated the global market.

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Asia Pacific emerged as the largest market in 2019 and is expected to maintain its dominance over the forecast period. Growing concerns regarding air pollution and increasing need of fuel efficient vehicles have increased the number of electric cars in countries, such as China, U.S., India, and Japan, driving the growth of market. The National Electric Mobility Mission Plan (NEMMP) 2020 in India projects sales of 6–7 million units of electric vehicles, and a subsequent fossil fuel saving of 2.2 – 2.5 million tons. This would result in considerable reduction in vehicular emissions, and decrease in carbon dioxide emissions by up to 1.5% by 2020. The increasing penetration of electric vehicles is expected to fuel development of enhanced charging infrastructure, further increasing the demand for EV charging cables.

Anti-Biofilm Wound Dressing Market 2020 Future Scope and Price Analysis by 2028

The global anti-biofilm wound dressing market size is expected to reach USD 1,154.2 million by 2027 according to a new study by Polaris Market Research. The report “Anti-biofilm Wound Dressing Market Share, Size, Trends, Industry Analysis Report By Mode of Mechanism (Physical (Ultrasound Debridement, Manual Debridement, Pulse Electrical Field), Biological (Bacteriophage, Lactoferrin, Dispersin B, Others), Chemical (EDTA, Ionic Silver, Iodine, Others)); By Application [Chronic Wounds (Venous Leg Ulcers, Pressure Ulcers, Diabetic Foot Ulcers, & Others)]; [Acute Wounds (Burn Wounds, Traumatic & Surgical Wounds)]; By End Use (Hospital, Wound Care Centers, Clinics & Others); By Regions; Segment Forecast, 2020 –2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Anti-biofilm is obtained from natural plants. The inhibition of biofilm formation includes the mechanism of the suppression of microbial adhesion & by the inhibition of polymer matrix & ECM generation with the interference at the bacterial co-aggregation & QS network. This antibiofilm dressing are utilised in the treatment of chronic wounds patients in the U.S. The Biofilm comprises of Microlyte which is ultra-thin in nature. Additionally, the dressing is composed of bioresorbable synthetic polymers. The biofilm includes ionic & metallic silver that destroy bacteria in dressing process on a wound surface.

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Recent developments in anti-biofilm wound dressing include the usage of lactoferrin and xylitol antibiofilm development. Both lactoferrin and xylitol are naturally derived antimicrobials. They are more efficacious against existing biofilm. As lactoferrin and xylitol has been used to combat bacteria, the usage of these agents in combination therapy provides a variety of advantages as it is cost-effective, more easily available, biofilm-targeted therapy for both the wounds i.e. acute & chronic wounds.

The prominent factors favoring the market growth include increasing chronic diseases and innovations in anti-biofilm wound procedures. As per the National Diabetes Statistic Report, 2017 around 100 million people within the U.S. are suffering from diabetes or prediabetes. Moreover, according to the International Diabetes Federation, the incidence of diabetes is predicted to rise from 366.0 million in 2011 to 552.0 million by 2030 worldwide. While prolonged diabetes is the reason for diabetic foot ulcers, the increasing cases of diabetes are predicted to positively influence the expansion of the global market.

The majority of the chronic wounds needs a prolonged recovery span, responsible for the frequent replacements of dressings. Hence, the demand for anti-biofilm wound dressing therapy are rising. Meanwhile, the cases of sports injury are also rising as more & more people are now well acquainted with the benefits of the sports, due to which injury cases are also rising in larger extent which is boosting the market growth.

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Market participants such as Urgo Medical, ConvaTec, Coloplast, Smith & Nephew PLC, Next Science, 3M, Monarch Labs, Mega Pharma (Pvt) Ltd., BioMonde, B. Braun Melsungen AG, Molnlycke Healthcare, Lohmann & Rauscher & Arobella Medical are some of the key players operating in the global market. Players in the market are focusing on the mergers & acquisitions, collaborations, product extension & geographical expansion. Additionally, the companies are making huge investments in research and development activities to develop new products & to compete with the other players.

Sports Nutrition Market Swot Analysis and Growth | Industry Statistics up to 2028

The global sports nutrition market size is expected to reach USD 33.03 billion by 2028 according to a new study by Polaris Market Research. The report “Sports Nutrition Market Share, Size, Trends, Industry Analysis Report, By Product (Sports Drink, Sports Supplements, Sports Foods); By Distribution Channel (E-commerce, Brick and Mortar), By Regions; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rising awareness of the importance of diet and nutrition among athletes is driving the market growth. Athletes and fitness-savvy people strongly focus to fulfill their nutritional requirements along with their routine physical activities. Target segments such as fitness enthusiasts, coaches, athletes, and trainers emphasize nutritional requirements to influence training and recovery to enhance their performance. U.S.-based Gatorade Sports Science Institute, in association with researchers and other collaborators, studies the impact of nutrition on training athletes and spread awareness regarding sports nutrition.

Moreover, the health and supplementing industry is continuously evolving itself through innovation and new product launches according to the taste and preferences of different strata of consumers in varied age groups. In line with this, companies are leveraging plant-based vegan nutritional products in the market. For instance, in 2019, Israel based nutrition start-up InnovoPro Ltd introduced vegan chick-pea protein powder. Previously, in November 2017, Apres introduced vegan plant-based protein beverages to support their full body nutritional replenishment.

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Market participants such as Glanbia Plc., SternLife, Optimum Nutrition, Hormel Foods Corporation, CytoSport, Inc., Clif Bar & Company, Stokely Van Comp, Inc., Max Nutrition, and MusclePharm. are some of the key players operating in the global market. Players in the marketplace are introducing new products and services to stay competitive in the intense market environment.

For instance, in December 2020, MYOS Corporation, a U.S.-based advanced nutrition company entered into an exclusive agreement with Science Biotech to distribute its Fortetropin product in Australian and New Zealand markets. The product is a nutritional product developed to accelerate muscle mass gains, recovery from injury, and improves mobility. According to the company’s claim, Australia is the high-performing market for fitness products, as it is recognized as a sports-loving nation.

In July 2020, the Chelsea football club introduced its new sports nutrition service “Blue Fuel” to design personalized meal plans, to be controlled via a mobile app. It is a subscription-based service, which incorporates varied sports tested product range which includes protein powders, hydration sachets, gummies, and protein bars. It also addresses fitness aims for the players to improve their performance.

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Polaris Market Research has segmented the sports nutrition market report on the basis of product, distribution channel, and region:

Sports Nutrition, Product Outlook (Revenue – USD Million, 2016 – 2028)

Sports Drink
Sports Supplements
Sports Foods

Sports Nutrition, Distribution Channel Outlook (Revenue – USD Million, 2016 – 2028)

E-commerce
Brick-and-Mortar

Sports Nutrition, Regional Outlook (Revenue – USD Million, 2016 – 2028)

North America
- U.S.
- Canada
Europe
- France
- Germany
- UK
- Italy
- Spain
- Netherlands
- Austria
Asia Pacific
- China
- India
- Japan
- Malaysia
- South Korea
- Indonesia
Central & South America
- Mexico
- Brazil
- Argentina
Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa

Tuesday, 23 February 2021

Rapid Oral Fluid Screening Device Market Demand & Future Scope Including Top Players

The global rapid oral fluid screening device market size is predicted to reach USD 24.08 billion by 2027 according to a new study by Polaris Market Research. The report “Rapid Oral Fluid Screening Device Market Share, Size, Trends, Industry Analysis Report, By Drug Type (Alcohol, Marijuana, Opioids, Cocaine, Amphetamine, Methamphetamine, Benzodiazepines); By Forms (Cassettes, Swabs, Strips); By End User (Hospitals, Diagnostic Laboratories, Forensic Laboratories, Private Employers, Home care Setting); By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

In trend with the developing business models in healthcare sector, development of effective, efficient and productive products is on a significant surge, coupling with increasing favorable reimbursements and approvals by the government. Rising strong product pipelines for the research & development of novel rapid oral fluid screening devices also contribute a remarkable proportion towards surging the market growth globally over the forecast period.

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Furthermore, as the technology is becoming easy-to-develop and subject to a smaller number of regulations, the market is witnessing less entry hurdles for new entrants. Additionally, rapid oral fluid has ability to diagnose drug consumed in the body in less than one day and cannabis consumed in less than four hours after the testing time, hence, propelling the growth of rapid oral fluid screening devices, globally over the projected period.

Rapid oral fluid screening devices provide a wide range of screening abilities such as marijuana, cocaine, methamphetamine, and opioids are expected to drive rapid oral fluid screening device market growth over the forecast period. In addition, the growing need for drug screening across the regions owing to increasing consumption of illegal narcotics is expected to drive the demand for these devices in the coming years.

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The global rapid oral fluid screening device market players include OraSure Technologies, Inc., Oranoxis Inc., Guangzhou Wondfo Biotech Co., Ltd, UCP Biosciences, Inc., MEDACX Limited, Screen Italia Srl, and AccuBioTech Co. Ltd., among others. Moreover, developing and commercializing products that evaluate adherence to HIV medications, enhancing its product offerings to include additional diagnostic offerings, and building new infrastructure also adds towards the growth of the organizations.

Scientific Data Management System Market Demand & Future Scope Including Top Players

The global scientific data management system (SDMS) market size is expected to reach USD 551.4 million by 2027 according to a new study by Polaris Market Research. The report “Scientific Data Management System Market Size, Share & Trends Analysis Report By Deployment Mode (On-premise & Cloud), By End-Use (Laboratory, Research Institutes, Hospitals), By Region, And Segment Forecasts, 2020-2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Scientific data management system (SDMS) refers to the software solution that can be treated as an advanced document management system, used to capture, catalogue, and archive data which is being generated by the key laboratory instruments such as mass spectrometry (MS) and High Performance Liquid Chromatography (HPLC). It also records key information generated from the applications such as electronic laboratory notes, Laboratory Information Management System (LIMS), and other analytical applications. It is capable of recording unstructured, semi-structured, or structured data which is intended for clinical applications.

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SDMS also serves the data which is independent of platform that generates it and useful for the consumers. In addition, there are certain key features that differentiates it from various other key informatics systems including, the capability of the system to effectively handle heterogeneous or unstructured data and SDMS acts as a wrapper for different data systems such as electronic laboratory notebook (ELN) and LIMS. Further, SDMS is intended to consolidate data, implement knowledge management as well as identify key knowledge-based assets.

The prominent factors favoring the market growth include advancement in the system, rising demand owing to prevalence of COVID-19 and investments in the SDMS by key technology behemoths. For instance, according to the Analytics Insight June 2020 publication, a major advancement has been achieved in managing the historical data through the implementation of artificial intelligence (AI) algorithms in SDMS. The analytics platform and AI integrate to extract vital information through the use of this management system.

There are significant I/O requirements in several scientific applications relating to the overall data sets or number of key files and size of the scientific data. The planned storage, management, effective analysis and efficient access of this crucial scientific data is of utmost importance and also poses a notable challenge. Previously, two key solutions were being deployed for this purpose including, databases or file I/O.

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SDMS combine the positive characteristics of both databases and file I/O by offering an advanced level of application programming interface (API) to the end-users. SDMS deploys a concurrent file system to capture and store data in real-time through the deployment of different I/O optimizations.

SDMS also offers an automated framework to capture scientific data by integrating the core informatics platform with workflow and instruments that are present in the scientific laboratory. There are several benefits of the system including, minimizes the time required for entering the data and boosts the system performance. SDMS comprises of manual or automated file loading, creating several entity types through just one file and association with barcodes.

Market participants such as TIBCO Software Inc., Shimadzu Corporation, Merck KGaA, SciCord LLC, LabVantage Solutions Inc., Accelerated Technology Laboratories Inc., Abbott Laboratories, and Thermo Fisher Scientific Inc. are some of the key players operating in the global market.

Furthermore, companies are proactively introducing technologically-advanced cloud-based SDMS solutions for scientific laboratories that’s also increasing the demand for these solutions in the market. For instance, in July 2020, LabVantage Solutions, Inc. launched LabVantage platform version 8.5 that comprises of integrated scientific data management system. This fully functional and advanced SDMS solution precisely gathers data and offer high security to the laboratory instruments.