Global Laboratory Informatics Market Segmentation, By Product (Laboratory Information Management Systems (LIMS), Electronic Lab Notebooks (ELN), Scientific Data Management Systems (SDMS), Laboratory Execution Systems (LES), Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS), Chromatography Data Systems (CDS), Enterprise Content Management (ECM)), Delivery Mode (On-Premise, Web-Hosted, Cloud-Based), Component (Software, Services), End Use (Life Sciences, CROs, Chemical Industry, Food and Beverage and Agriculture Industries, Environmental Testing Laboratories, Petrochemical Refineries and Oil and Gas Industry, Other Industries) - Industry Trends and Forecast to 2031.
Laboratory Informatics Market Analysis
Automation of laboratory procedures is an effective solution for handling overall process, eliminating the need for skilled professionals and reducing manual intervention. Automation increases productivity and allows researchers to focus on core work, lowering error rates and improving results accuracy. Automation produces high-quality data and makes documentation more efficient and precise.
Laboratory Informatics Market Size
Global laboratory informatics market size was valued at USD 4.21 billion in 2023 and is projected to reach USD 9.92 billion by 2031, with a CAGR of 11.3% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Laboratory Informatics Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Key Market Players
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Thermo Fisher Scientific (US), Inc., LabWare, LabVantage Solutions Inc. (US), Abbott (US), Waters Corporation. (US), Agilent Technologies, Inc (US), IDBS (US), PerkinElmer, Inc. (US), Autoscribe Informatics. (UK), Arxspan a Bruker Company (US), Dassault Systèmes (France), RURO Inc., Kinematik (Ireland), LabLynx LIMS (US), Labworks (US), Cerner Corporation (US), McKesson Corporation (US) and Scientific Equipment Repair (US).
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Market Opportunities
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Laboratory Informatics Market Definition
Laboratory informatics is a specialised use of information technology that uses a platform of devices, software, and data management tools to optimise and extend laboratory operations. Scientific data can be gathered, moved, processed, and analysed for immediate use, as well as saved, managed, and shared to assist future research, development, and lab testing efforts, all while increasing laboratory efficiency.
Laboratory Informatics Market Dynamics
Drivers
Major factors that are expected to boost the growth of the laboratory informatics market in the forecast period are as follows:
- Rise in the demand for laboratory automation
Laboratory automation is gaining traction as a viable solution to the difficulties of a labour scarcity and strategies to eliminate manual intervention in lab processes which will further accelerate the market growth.
- Technological developments
Because of ongoing technological advancements, companies are able to give interactive and faster laboratory informatics solutions to end customers which is further anticipated to propel the growth of the market.
- Increasing adoption of cloud-based service in healthcare sector
As hospital managers, physicians, and patients want access to information, cost effectiveness, and security, cloud-based solutions are becoming more popular in the healthcare industry. As healthcare laboratory informatics firms shift their focus to key business applications, cloud-based services will continue to play a vital role in the market growth.
Opportunities
In addition, the growing accessibility of cost-effective informatics solutions are further estimated to provide potential opportunities for the growth of the laboratory informatics market in the coming years.
Restraints/Challenges
On the other hand, the lack of integration standards is further projected to impede the growth of the laboratory informatics market in the targeted period. However, the dearth of skilled professionals might further challenge the growth of the laboratory informatics market in the near future.
This laboratory informatics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the laboratory informatics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Laboratory Informatics Market
The pandemic of COVID-19 has had a huge impact on the laboratory informatics market. Multiple procedures, such as test management, sample handling, inventory control, packaging, and shipment, must be handled by research laboratories or diagnostic labs specialising on COVID-19 study. Furthermore, research labs working on COVID-19 treatments or vaccinations require an end-to-end solution to increase the quality, efficiency, and speed of the vaccine manufacturing process. This is likely to boost the adoption of laboratory informatics solutions, which improve research and testing as well as data management efficiency.
Laboratory Informatics Market Scope
The laboratory informatics market is segmented on the basis of product, delivery mode, component, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Laboratory Information Management Systems (LIMS)
- Electronic Lab Notebooks (ELN)
- Scientific Data Management Systems (SDMS)
- Laboratory Execution Systems (LES)
- Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)
- Chromatography Data Systems (CDS)
- Enterprise Content Management (ECM)
Delivery Mode
- On-Premise
- Web-Hosted
- Cloud-Based
Component
- Software
- Services
End Use
- Life Sciences
- CROs, Chemical Industry
- Food and Beverage and Agriculture Industries
- Environmental Testing Laboratories
- Petrochemical Refineries and Oil and Gas Industry
- Other Industries
Laboratory Informatics Market Regional Analysis
The laboratory informatics market is analysed and market size insights and trends are provided by country, product, component, delivery mode, application and end user as referenced above.
The countries covered in the laboratory informatics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the laboratory informatics market due to the occurrence of major market players and enhancing and rise in the advanced healthcare infrastructure with effective insurance coverage policies will further boost the growth of the intraoperative imaging market in the region during the forecast period.
Asia-Pacific is projected to observe significant amount of growth in the intraoperative imaging market due to the advancing economies and enhancing healthcare infrastructure. Moreover, the rise in the incidence of neurological, cardiovascular and orthopedic disorders is further anticipated to propel the growth of the intraoperative imaging market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The laboratory informatics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for laboratory informatics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the laboratory informatics market. The data is available for historic period 2010-2020.
Laboratory Informatics Market Share
The laboratory informatics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to laboratory informatics market.
Laboratory Informatics Market Leaders Operating in the Market Are:
- Thermo Fisher Scientific, Inc. (US)
- LabWare, LabVantage Solutions Inc. (US)
- Abbott (US)
- Waters Corporation. (US)
- Agilent Technologies, Inc (US)
- IDBS (US)
- PerkinElmer, Inc. (US)
- Autoscribe Informatics. (UK)
- Arxspan a Bruker Company (US)
- Dassault Systèmes (France)
- Kinematik (Ireland)
- LabLynx LIMS (US)
- Labworks (US)
- Cerner Corporation (US)
- McKesson Corporation (US)
- Scientific Equipment Repair (US)
Latest Developments in Laboratory Informatics Market
- In June 2020, LabWare unveiled LabWare 8, the most recent version of its LIMS. The LabWare 8 solution is the company's enterprise laboratory platform (ELP), which combines LIMS and ELN functionality into a single system
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