Laboratory Informatics

Laboratory Informatics

Global Laboratory Informatics Market to Reach US$6.7 Billion by 2030

The global market for Laboratory Informatics estimated at US$3.8 Billion in the year 2023, is expected to reach US$6.7 Billion by 2030, growing at a CAGR of 8.3% over the analysis period 2023-2030. Laboratory Information Management Systems (LIMS), one of the segments analyzed in the report, is expected to record a 9.0% CAGR and reach US$3.5 Billion by the end of the analysis period. Growth in the Electronic Lab Notebooks (ELN) segment is estimated at 8.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.5 Billion While China is Forecast to Grow at 10.7% CAGR

The Laboratory Informatics market in the U.S. is estimated at US$1.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$683.2 Million by the year 2030 trailing a CAGR of 10.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.0% and 7.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR.

Global Laboratory Informatics Market - Key Trends & Drivers Summarized

Laboratory informatics is a specialized field that focuses on optimizing laboratory operations through the use of data management and analysis tools. This encompasses various systems such as Laboratory Information Management Systems (LIMS), Electronic Lab Notebooks (ELN), Scientific Data Management Systems (SDMS), and Laboratory Execution Systems (LES). These tools are designed to help scientists and researchers manage laboratory data, automate workflows, and ensure compliance with regulatory standards. The goal of laboratory informatics is to enhance productivity, increase accuracy, and streamline processes within scientific research and industrial applications, making it a critical component in areas ranging from pharmaceuticals to environmental sciences.

The adoption of laboratory informatics has been driven by the growing complexity of scientific experiments and the increasing volumes of data generated. Modern laboratories in sectors such as biotechnology, pharmaceuticals, and chemical manufacturing face the challenge of managing vast amounts of data efficiently to accelerate innovation and maintain competitive advantage. Laboratory informatics systems facilitate centralized data storage, improved data accessibility, and robust data security, enhancing decision-making processes. Moreover, the integration of cloud computing has expanded the capabilities of these systems, providing scalability and remote access, which is particularly beneficial in multi-site operations and collaborations across geographical boundaries. The move towards more integrated systems is also evident as laboratories seek comprehensive solutions that offer seamless interoperability between different types of data and systems.

The growth in the laboratory informatics market is driven by several factors, including technological advancements, regulatory requirements, and evolving industry needs. As research becomes more data-intensive, the demand for advanced informatics solutions that can handle large datasets with high throughput and precision increases. Regulatory pressures in industries such as pharmaceuticals demand meticulous data handling and reporting processes, which laboratory informatics tools are well-equipped to support. Additionally, the ongoing shift towards personalized medicine and complex biological therapies requires laboratories to adopt flexible and robust informatics systems to manage the intricate data involved. Economic factors also play a role, as organizations strive to reduce costs through improved operational efficiencies provided by automating laboratory processes. Lastly, consumer behavior trends towards faster and more accurate results, especially in clinical diagnostics, further stimulate the adoption of sophisticated laboratory informatics solutions.

Select Competitors (Total 86 Featured) -

• A&T Corporation
• American Soft Solutions Corporation (Prolis)
• Anju Software
• Attune Technologies Pte., Ltd.
• CliniSys Group Ltd.
• 3DHISTECH Ltd.
• Accelerated Technology Laboratories, Inc.
• Autoscribe Informatics
• AgileBio SARL
• Cirdan Imaging Ltd
• Blaze Systems Corp.
• Hemasoft Software SL
• JusticeTrax
• CloudLIMS
• Indigo BioAutomation

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