Laboratory Informatics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Laboratory Informatics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Fairfield Market Research’s latest report on the Laboratory Informatics market indicates a strong growth trajectory. The market is projected to grow at a CAGR of 5.7% from 2024 to 2031, reaching US$ 3.57 Bn by 2024 and US$ 5.25 Bn by 2031.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐨𝐟 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

Technological advancements in molecular genomics and genetic testing techniques have significantly increased the amount of data collected by laboratories. This surge in data, along with a growing preference for customized treatments and cancer genomics investigations, is driving the demand for lab automation systems. Additionally, increased patient interaction needs are fueling this growth.

𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐅𝐮𝐭𝐮𝐫𝐞 𝐎𝐮𝐭𝐥𝐨𝐨𝐤

From 2017 to 2021, the Laboratory Informatics market grew at a CAGR of 5.5%, with North America holding a significant share. The adoption of laboratory automation is expected to accelerate as demand for laboratory informatics solutions rises. Key trends include more user-friendly software solutions, data migration to the cloud, and the increasing number of laboratory informatics companies.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐚𝐭 𝐭𝐡𝐞 𝐅𝐨𝐫𝐞𝐟𝐫𝐨𝐧𝐭

The US leads the North American Laboratory Informatics market, projected to reach USD 2.1 billion by 2032, growing at a 6.1% CAGR during the forecast period. Policies supporting the deployment of laboratory information systems, high digital literacy, and advanced infrastructure are key drivers of this regional market. Additionally, rising healthcare costs and the need to bend the cost curve are promoting greater use of Laboratory Information Management Systems (LIMS).

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐂𝐥𝐨𝐮𝐝 𝐚𝐧𝐝 𝐌𝐨𝐛𝐢𝐥𝐞 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬

The cloud is quickly becoming the standard for laboratory informatics software. Informatics service providers must now have a cloud and SaaS strategy to stay competitive. Additionally, the number of research laboratories using cloud, mobile, and voice technologies is growing, driving further demand for lab automation solutions.

𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐚𝐧𝐝 𝐆𝐫𝐨𝐰𝐭𝐡 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬

While stringent regulations pose challenges to the deployment of lab automation, they also present development opportunities. The increasing use of robots and automation technologies in healthcare is making procedures more reproducible and predictable, allowing for faster setup, execution, and analysis of experimental data. High throughput technologies are enhancing the efficiency of laboratory operations, contributing to overall market growth.

𝐅𝐮𝐭𝐮𝐫𝐞 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬: 𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐚𝐧𝐝 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧

Technological advancements and increasing economic demands have led to the rapid accumulation of large volumes of data from various research and development activities, quality assurance, and manufacturing processes. This trend is expected to continue, with laboratory informatics playing a crucial role in ensuring high-quality, reliable experiment data that meets industry regulatory standards.

The US remains at the forefront of Laboratory Informatics market revenue, driven by well-established pharmaceutical businesses and the need to manage and analyze information efficiently. As the market evolves, the adoption of innovative technologies and solutions will be critical to maintaining growth and competitiveness.

Key Market Players:
•THERMO FISHER SCIENTIFIC, INC.
•CORE INFORMATICS
•LABWARE
•PERKINELMER, INC.
•LABVANTAGE SOLUTIONS, INC.
•LABLYNX, INC.
•AGILENT TECHNOLOGIES
•ID BUSINESS SOLUTIONS LTD.
•MCKESSON CORPORATION
•WATERS CORPORATION
•ABBOTT INFORMATICS



Market Segments Covered in Laboratory Informatics Market Analysis:

By Product Type
•Laboratory Information Management Systems (LIMS)
•Electronic Lab Notebooks (ELN)
•Scientific Data Management Systems (SDMS)
•Laboratory Execution Systems (LES)
•Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
•Chromatography Data Systems (CDS)
•Enterprise Content Management (ECM)
•Sclerotherapy
•Cellulite Treatment

By Deployment Mode
•On-premise
•Web-hosted
•Cloud-based

By Component
•Software
•Services

By End- user
•Life Sciences
•CROs
•Chemical Industry
•F&B and Agriculture
•Environmental Testing Labs
•Petrochemical Refineries & Oil and Gas Industry
•Other End-Users

By Region
•North America
•Latin America
•Europe
•APAC
•MEA





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