Laboratory Informatics Market, By Product (Laboratory Information Management System (LIMS), Electronic Lab Notebook (ELN), Enterprise Content Management (ECM), Laboratory Execution System (LES), Chromatography Data System (CDS), Scientific Data Management System (SDMS), and Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)), By Component (Services and Software), By Delivery Mode (On-premise, Web-hosted, and Cloud-based), and By Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028
Laboratory informatics is the specialized application of information technology to enable and enhance scientific processes and the delivery of laboratory information. It is an application of information technology aimed at optimizing and extending laboratory operations. It is a critical part of the laboratory, which help ensure high quality and reliable data and results. Laboratory informatics is a term that covers the use of a variety of technology tools for data collection and analysis in a laboratory setting. One of the most common reasons for deploying a laboratory informatics solutions is its ability to integrate with lab instruments and enterprise systems for better data management and efficiency.
Market Dynamics:
Increase in use of laboratory informatics solutions, due to the increasing number of diagnoses across the globe, is expected to boost growth of the global laboratory informatics market during the forecast period. For instance, the increasing prevalence of chronic diseases, such as cancer, diabetes, and heart diseases, is creating a need for high throughput diagnostic procedures for the analysis of biological data obtained from tests that require lab informatics solutions.
According to the World Health Organization (WHO), Cancer was one of the leading cause of death worldwide, accounting for nearly 10 million deaths in 2020, or nearly one in six deaths. The most common cancers are breast, lung, colon and rectum and prostate cancers. Moreover, according to the American Cancer Society, in 2022, there will be around 1.9 million new cancer cases diagnosed and 609,360 cancer deaths in the United States.
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