North America Laboratory Informatics Market Report and Forecast 2024-2032

North America Laboratory Informatics Market Report and Forecast 2024-2032

North America Laboratory Informatics Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the North America laboratory informatics market size reached a value of USD 1456.64 million in 2023. Aided by the increasing demand for efficient data management, automation, and compliance in laboratory operations, coupled with advancements in technology and regulatory requirements, the market is projected to further grow at a CAGR of 6.4% between 2024 and 2032 to reach a value of USD 2560 million by 2032.

Laboratory informatics encompasses a range of software solutions and services designed to streamline and optimise laboratory workflows, data analysis, and documentation across various scientific disciplines and industries. From research and development to quality control, testing, and regulatory compliance, laboratory informatics solutions play a crucial role in enhancing productivity, accuracy, and efficiency in laboratory operations.

As per the North America laboratory informatics market analysis, the digital transformation of laboratories is accelerating, driven by the adoption of advanced technologies such as cloud computing, big data analytics, artificial intelligence (AI), and the Internet of Things (IoT). Laboratories are increasingly embracing digital solutions to manage vast amounts of data, automate processes, facilitate collaboration, and derive actionable insights from experimental results, leading to improved decision-making and innovation.

As per the North America laboratory informatics market outlook, laboratories are integrating disparate systems, instruments, and data sources to create unified, interoperable environments that enable seamless data exchange and integration. Integration of laboratory information management systems (LIMS), electronic laboratory notebooks (ELN), chromatography data systems (CDS), and other laboratory software platforms improves data visibility, accessibility, and traceability, fostering collaboration, efficiency, and data-driven decision-making.

Laboratories are leveraging data analytics and visualisation tools to extract valuable insights from complex scientific data and experimental results. Advanced analytics techniques such as machine learning, predictive modelling, and data mining enable laboratories to identify patterns, trends, and correlations in large datasets, accelerating research discoveries, process optimisations, and product development initiatives, which can fuel the North America laboratory informatics market growth.

Interoperability and data exchange standards are becoming increasingly important in laboratory informatics to facilitate seamless integration and interoperability between disparate systems, instruments, and data sources. Adopting standardised formats, protocols, and interfaces such as HL7, ASTM E2761, and AnIML enables laboratories to exchange data efficiently, avoid data silos, and promote data harmonisation across multiple platforms and domains.

With the proliferation of digital data and interconnected systems in laboratories, cybersecurity and data protection have emerged as critical priorities in the laboratory informatics market in North America. Laboratories are investing in robust cybersecurity measures, encryption technologies, access controls, and audit trails to safeguard sensitive data, protect against cyber threats, and ensure compliance with data privacy regulations such as HIPAA, GDPR, and CCPA.

Laboratory automation and robotics are transforming traditional laboratory workflows by automating repetitive tasks, minimising manual errors, and increasing throughput and efficiency. Automated sample preparation, liquid handling, and assay execution systems improve consistency, reproducibility, and turnaround times, enabling laboratories to handle larger volumes of samples and experiments with higher precision and reliability and propels the North America laboratory informatics market expansion.

Laboratories in North America are increasingly embracing sustainability initiatives and green laboratory practices to reduce environmental impact, minimise waste generation, and conserve resources. Laboratory informatics solutions support sustainability efforts by enabling paperless workflows, electronic documentation, energy-efficient instrumentation, and waste reduction strategies, aligning with corporate sustainability goals and regulatory requirements for environmental stewardship, which can influence the North America laboratory informatics market share.

Regulatory compliance and quality assurance are paramount in laboratory operations, particularly in highly regulated industries such as pharmaceuticals, biotechnology, healthcare, and food and beverage. Laboratory informatics solutions help ensure compliance with market standards, government regulations, and quality management systems such as Good Laboratory Practice (GLP), Good Manufacturing Practice (GMP), and ISO standards, reducing the risk of non-compliance penalties and product recalls.

Market Segmentation

The market can be divided based on product, component, delivery mode, end use, and country.

Market Breakup by Product

• Laboratory Information Management System (LIMS)
• Electronic Lab Notebooks (ELN)
• Enterprise Content Management (ECM)
• Laboratory Execution System (LES)
• Scientific Data Management System (SDMS)
• Electronic Data Capture (EDC)
• Clinical Data Management Systems (CDMS)

Market Breakup by Component

• Software
• Services

Market Breakup by Delivery Mode

• On-Premises
• Web-Hosted
• Cloud-Based

Market Breakup by End Use

• Life Science
• Chemical and Petrochemicals
• Oil and Gas
• Agriculture
• Others

Market Breakup by Country

• United States of America
• Canada

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America laboratory informatics market. Some of the major players explored in the report by Expert Market Research are as follows:

• Dassault Systems
• STARLIMS Corporation
• Thermo Fisher Scientific Inc.
• Labware, Inc.
• LabVantage Solutions Inc.
• Agilent Technologies, Inc.
• Lablynx, Inc.
• Revvity Inc.

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.