Market Overview:
The global virtual and remote laboratories market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for online learning and distance education, rising adoption of cloud-based technologies, and growing need for cost-effective laboratory infrastructure. Based on type, the global virtual and remote laboratories market can be segmented into remote laboratories and virtual laboratories. The remote laboratories segment is expected to account for a larger share of the market than the virtual laboratories segment during the forecast period. This can be attributed to factors such as lower setup costs associated with setting up a remote laboratory as compared to a virtual laboratory, increased flexibility offered by remote Laboratories in terms of accommodating different types of experiments, and growing demand for online learning among students worldwide. Based on application, the global Virtual And Remote Laboratories Market can be divided into study & research, individual learners, corporate training & development centers/L&D departments within organizations), government institutions (academic research institutes), healthcare sector (hospitals/clinics)and others segments including agricultural sector). Among these applications segments; study & research is anticipated witness highest CAGR over next few years owing escalating number academic researches across globe followed by individual learners due high penetration rate VR headsets along with technological advancements which are making VR more immersive experience .
Product Definition:
A virtual laboratory is a simulated environment in which students can conduct scientific experiments without the risks and mess associated with laboratories. Remote laboratories are similar to virtual laboratories, but allow students to conduct experiments at a distance using real-world equipment.
The importance of virtual and remote laboratories is that they allow students to safely conduct experiments, which they would not be able to do in a traditional laboratory setting. Additionally, these types of laboratories can be used for research purposes, as well as teaching science courses.
Remote Laboratories:
Remote laboratories are a new concept in the healthcare industry. They are also known as virtual or cloud laboratories. The major driving factors for this market include increasing demand for personalized medicine, rising prevalence of chronic diseases such as cancer and diabetes, growing need to reduce hospital readmissions along with cost curbing benefits offered by remote labs.
Virtual Laboratories:
Virtual laboratories are software-based, computer-controlled environments that provide a testing ground for new drugs and devices without the need for patients or real equipment. The virtual laboratory can be used to test new drug molecules as well as medical devices before they are installed in hospitals or other clinical facilities.
The virtual laboratory is also known as the computerized tomography (CT) lab because it was developed from a technique called computed tomography (CT).
Application Insights:
The study & research segment dominated the global market in 2017. This can be attributed to an increase in R&D activities and a growing preference for using virtual or remote laboratories for various studies. For instance, according to the National Center for Biotechnology Information (NCBI) 2018 Report, approximately USD 24 billion is spent annually by U.S. based companies on research activities across all stages of development; this represents around 8% of the total revenue generated by biopharmaceutical companies within the country [1]. Thus, such factors are expected to contribute towards growth over the forecast period.
The individual learners segment is anticipated to exhibit significant growth during the forecast period owing to increasing use of online learning platforms and internet connectivity at home/school etc., The usage has increased with initiatives taken by different schools/colleges etc., Furthermore, there are many training providers who offer courses through video conferencing which helps students from all over world access knowledge easily without traveling physically long distances [2].
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of R&D facilities and universities in this region. The Asia Pacific regional market is expected to grow at a lucrative CAGR over the forecast period owing to increasing investments by various companies for developing advanced products and solutions, growing awareness about these laboratories, improving healthcare standards, and rising adoption of e-learning programs. Moreover, an increase in government funding for higher education has led to an increase in research activities across several Asian countries which will drive growth over the next eight years.
Growth Factors:
- Increasing demand for online/remote laboratories from academic and research institutes for conducting experiments and research in various disciplines.
- Proliferation of internet-based technologies that has made virtual laboratory setups more user-friendly, efficient, and economical as compared to traditional physical laboratories.
- Growing popularity of online courses among students that is boosting the demand for virtual laboratories for distance learning purposes.
- Rising number of R&D activities by private companies to develop new products and services is fueling the need for virtual laboratories to reduce the cost and time associated with product development cycles.
Scope Of The Report
Report Attributes
Report Details
Report Title
Virtual And Remote Laboratories Market Research Report
By Type
Remote Laboratories, Virtual Laboratories
By Application
Study & Research, Individual Learners, Others
By Companies
Labster, Linkare, Mcmillan Learning, McGraw-Hill Education, Cengage Learning, John Wiley & Sons, Pearson Education, Smart Science Education, Hurix Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Virtual And Remote Laboratories Market Report Segments:
The global Virtual And Remote Laboratories market is segmented on the basis of:
Types
Remote Laboratories, Virtual Laboratories
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Study & Research, Individual Learners, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Labster
- Linkare
- Mcmillan Learning
- McGraw-Hill Education
- Cengage Learning
- John Wiley & Sons
- Pearson Education
- Smart Science Education
- Hurix Systems
Highlights of The Virtual And Remote Laboratories Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Remote Laboratories
- Virtual Laboratories
- By Application:
- Study & Research
- Individual Learners
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Virtual And Remote Laboratories Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A virtual and remote laboratory (VRL) is a type of online learning environment that provides students with the opportunity to complete coursework and assignments from their homes or other locations. VRLs allow students to interact with instructors and classmates in real time, as well as access resources such as textbooks, software programs, and online databases.
Some of the key players operating in the virtual and remote laboratories market are Labster, Linkare, Mcmillan Learning, McGraw-Hill Education, Cengage Learning, John Wiley & Sons, Pearson Education, Smart Science Education, Hurix Systems.
The virtual and remote laboratories market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Virtual And Remote Laboratories Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Virtual And Remote Laboratories Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Virtual And Remote Laboratories Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Virtual And Remote Laboratories Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Virtual And Remote Laboratories Market Size & Forecast, 2020-2028
4.5.1 Virtual And Remote Laboratories Market Size and Y-o-Y Growth
4.5.2 Virtual And Remote Laboratories Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Remote Laboratories
5.2.2 Virtual Laboratories
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Study & Research
6.2.2 Individual Learners
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Virtual And Remote Laboratories Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Virtual And Remote Laboratories Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Remote Laboratories
9.6.2 Virtual Laboratories
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Study & Research
9.10.2 Individual Learners
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Remote Laboratories
10.6.2 Virtual Laboratories
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Study & Research
10.10.2 Individual Learners
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Remote Laboratories
11.6.2 Virtual Laboratories
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Study & Research
11.10.2 Individual Learners
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Remote Laboratories
12.6.2 Virtual Laboratories
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Study & Research
12.10.2 Individual Learners
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Remote Laboratories
13.6.2 Virtual Laboratories
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Study & Research
13.10.2 Individual Learners
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Virtual And Remote Laboratories Market: Competitive Dashboard
14.2 Global Virtual And Remote Laboratories Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Labster
14.3.2 Linkare
14.3.3 Mcmillan Learning
14.3.4 McGraw-Hill Education
14.3.5 Cengage Learning
14.3.6 John Wiley & Sons
14.3.7 Pearson Education
14.3.8 Smart Science Education
14.3.9 Hurix Systems
