Global Laboratory Informatics Market Size study & Forecast, by Type of Solution (LIMS, ELN, CDS, EDC & CDMS, LES, ECM, SDMS), by Component (Services, Software), by Deployment Model (On-premise, Cloud-based, Remotely Hosted), by Industry (Life Sciences Ind

Global Laboratory Informatics Market Size study & Forecast, by Type of Solution (LIMS, ELN, CDS, EDC & CDMS, LES, ECM, SDMS), by Component (Services, Software), by Deployment Model (On-premise, Cloud-based, Remotely Hosted), by Industry (Life Sciences Industry, Chemicals Industry, Food & Beverage and Agriculture Industry, Other Industries) and Regional Analysis, 2023-2030

Global Laboratory Informatics Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Laboratory informatics is a multidisciplinary field that focuses on the use of information technology and software solutions to manage and streamline laboratory operations, data, and processes. It encompasses a range of tools and systems designed to improve the efficiency, accuracy, and compliance of laboratory workflows. Laboratory informatics plays a crucial role in various scientific and industrial sectors, including pharmaceuticals, healthcare, environmental science, and manufacturing. The key factors driving the market growth are the rising need for laboratory automation, rising development of integrated lab informatics solutions, rising R&D expenditure in pharmaceutical and biotechnology industries, and growing focus on precision medicine that anticipated to support the market growth during the forecast period 2023-2030.

Moreover, the growing demand for personalized medicine is one of the key factors supporting the growth of the Laboratory Informatics Market. Personalized medicine relies heavily on genomic data, patient-specific information, and data from various sources such as clinical trials, electronic health records (EHRs), and diagnostic tests. Managing and analyzing this vast amount of data efficiently is essential for tailoring treatment plans to individual patients. Laboratory informatics systems play a crucial role in collecting, storing, and processing this data. Thus, the growing demand for personalized medicine is anticipated to support the market growth. According to Statista, in 2020, the personalized medicine market was valued USD 2,210 billion and the demand for personalized medicine is increased significantly and the market reached USD 2,770 billion in 2022. Additionally, the rising popularity of cloud-based laboratory informatics is anticipated to create a lucrative opportunity for the market during the projected period. However, the high maintenance and service costs stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Laboratory Informatics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the strong economy and increasing R&D expenditure, rising demand for lab automation, and presence of key market players. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the cohesive government support for clinical R&D activities, growing drug development-based research, and growing biotech R&D investments.

Major market player included in this report are:
LabVantage Solutions, Inc.
LabWare
Thermo Fisher Scientific Inc.
Abbott Informatics
PerkinElmer Inc.
Agilent Technologies, Inc.
LabLynx, Inc.
Autoscribe Informatics
Dassault Systèmes
Labworks LLC

Recent Developments in the Market:
 In June 2020, LabWare unveiled its most recent iteration of its Laboratory Information Management System (LIMS) - LabWare 8. This innovative solution, LabWare 8, represents the company's Enterprise Laboratory Platform (ELP), seamlessly combining the functionalities of both LIMS and Electronic Laboratory Notebook (ELN) into a unified, integrated system.

Global Laboratory Informatics Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Type of Solution, Component, Deployment Model, Industry, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type of Solution:
Laboratory Information Management Systems (LIMS)
Electronic Lab Notebooks (ELN)
Chromatography Data Systems (CDS)
Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
Laboratory Execution Systems (LES)
Enterprise Content Management (ECM)
Scientific Data Management Systems (SDMS)
By Component:
Services
Software
By Deployment Model:
On-premise
Cloud-based
Remotely Hosted
By Industry:
Life Sciences Industry
Chemicals Industry
Food & Beverage and Agriculture Industry
Petrochemical Refineries and Oil & Gas Industry
Environmental Testing Laboratories
Other Industries
By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
LabVantage Solutions, Inc.
LabWare
Thermo Fisher Scientific Inc.
Abbott Informatics
PerkinElmer Inc.
Agilent Technologies, Inc.
LabLynx, Inc.
Autoscribe Informatics
Dassault Systèmes
Labworks LLC

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.