Laboratory Informatics Market By Product (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) and Enterprise Content Management (ECM)), By Delivery (On-premise, Web-hosted and Cloud-ba

Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format

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Laboratory Informatics Market By Product (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) and Enterprise Content Management (ECM)), By Delivery (On-premise, Web-hosted and Cloud-ba

Laboratory Informatics Market Size And Forecast

According to the new report titled " Laboratory Informatics Market By Product (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) and Enterprise Content Management (ECM)), By Delivery (On-premise, Web-hosted and Cloud-based), By End User (Life Sciences Companies, CROs, Chemical Industry, F&B and Agriculture, Environmental Testing Labs, Other), Global Analysis to 2023"

The valuation of the Laboratory Informatics market was $3.86 Billion in 2023 and is projected to reach $6.10 Billion by 2032, at a CAGR of 4.94% from 2021 to 2032.

Imagine your doctor's office as a bustling laboratory filled with high-tech equipment and scientists working tirelessly to analyze your test results. But behind the scenes, there's a secret weaponlaboratory informatics. It's like a super-smart computer system that helps labs manage all the data they collect from your blood tests, imaging scans, and even your genes. It's the key to making sure your results are accurate, analyzed quickly, and shared securely with your doctor. In the past few years, laboratory informatics has become more important than ever. Hospitals and clinics are now using it to connect all their different data sources, like your electronic health records, lab results, and even your fitness tracker. This means your doctor has a complete picture of your health, making it easier to diagnose you, plan your treatment, and coordinate your care. But laboratory informatics isn't just for hospitals. It's also playing a big role in the rise of personalized medicine, where doctors tailor treatments to your unique genetic makeup and lifestyle. By analyzing your DNA and other molecular data, these systems help doctors create treatments that are just right for you. And as more and more people use telehealth and remote patient monitoring, laboratory informatics is becoming even more essential. It makes it possible for you to access your test results from anywhere, chat with your doctor virtually, and keep track of your health status remotely. So, next time you're at the doctor's office, know that there's a team of scientists and computers working behind the scenes to make sure you get the best possible care.

Lactic Acid Bacteria held the largest share in the Laboratory Informatics market

Imagine a tool that helps laboratories run smoothly, like a well-oiled machine. This tool is called a Laboratory Information Management System, or LIMS. It's like the air traffic control for a lab, keeping track of samples, automating tasks, and managing data. Hospitals, clinics, and labs are always looking for ways to work smarter, faster, and better. LIMS steps in to help, making the lab more efficient and productive. It cuts down on paperwork and manual steps, speeding up the process of getting test results. Plus, LIMS is a stickler for following rules. It keeps a close eye on data and makes sure it's accurate and secure. This is especially important for healthcare labs, which have to follow strict guidelines like HIPAA. LIMS helps them keep their data safe and organized, so they can focus on providing top-notch patient care.

North America headed the Laboratory Informatics market in 2023

North America's healthcare system is overflowing with data. Every day, hospitals, clinics, and research centers generate mountains of information from patient records, lab tests, scans, and even DNA sequencing. To make sense of this deluge, healthcare providers rely heavily on laboratory informatics solutions. These solutions are the brains behind the scenes, managing and analyzing patient data. They help doctors make the best treatment plans, scientists conduct ground-breaking research, and healthcare leaders track the health of entire communities. North America is leading the charge in precision medicine, where treatments are tailored to each patient's unique genetic makeup and lifestyle. Laboratory informatics systems are vital in this field, analyzing genetic and other molecular data to help identify personalized therapies. As healthcare systems digitize, linking laboratory informatics to other IT systems becomes crucial. This allows seamless sharing of patient information and test results, improving care coordination and disease management.

 Agilent Technologies, Abbott Informatics, McKesson Corporation, PerkinElmer, Inc., Thermo Fisher Scientific, Inc., LabVantage Solutions, Inc., ID Business Solutions Ltd., LabLynx, Inc. etc

Report Scope

REPORT ATTRIBUTES DETAILS
STUDY PERIOD

2017-2028
BASE YEAR

2020
FORECAST PERIOD

2021-2028
HISTORICAL PERIOD

2017-2019
UNIT

Value (USD Billion)
KEY COMPANIES PROFILED

Thermo Fisher Scientific Inc., LabVantage Solutions, Inc., LabWare, Abbott Informatics, LabLynx, Inc., Waters, Agilent Technologies, Inc.
SEGMENTS COVERED

By Component, By Type of Solution, By Industry, And By Geography.
CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Key Players

  • Thermo Fisher Scientific Inc.
  • LabVantage Solutions
  • Inc.
  • LabWare
  • Abbott Informatics
  • LabLynx
  • Inc.
  • Waters
  • Agilent Technologies
  • Inc.
  • Autoscribe Informatics
  • Dassault Systèmes
  • Labworks LLC.  

Global Laboratory Informatics Market Segmentation Analysis

The Global Laboratory Informatics Market is Segmented on the basis of Component, Type of Solution, Industry, and Geography.

Laboratory Informatics Market, By Component

  • Services
  • Software

 

Based on Component, the market is bifurcated into Services and Software. The services segment dominated the market owing to an increase in the outsourcing of laboratory informatics solutions.

Laboratory Informatics Market, By Type of Solution

  • Scientific Data Management Systems (SDMS)
  • Enterprise Content Management (ECM)
  • Electronic Lab Notebooks (ELN)
  • Others

Based on Type of Solution, the market is bifurcated into Scientific Data Management Systems (SDMS), Enterprise Content Management (ECM), Electronic Lab Notebooks (ELN), and Others. The electronic lab notebooks segment is expected to contribute significantly to the growth of the market owing to its increased adoption by researchers in analytical chemistry labs.

Laboratory Informatics Market, By Industry

  • Chemicals Industry
  • Food & Beverage and Agriculture Industry
  • Life Sciences Industry
  • Petrochemical Refineries and Oil & Gas Industry
  • Others

Based on Industry, the market is bifurcated into Chemicals Industry, Food & Beverage and Agriculture Industry, Life Sciences Industry, Petrochemical Refineries and Oil & Gas Industry, and Others. The life science industry dominated the market. The life science laboratories are required to comply with federal agency regulations to maintain data integrity, security, and validity owing to which these laboratories are adopting laboratory informatics solutions.

Laboratory Informatics Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

Based on Regional Analysis, the Global Laboratory Informatics Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share of the market will be dominated by North America. The dominance of the North American region is credited to the increasing demand for the integration of laboratory systems and increasing government for research.

Reasons to Purchase this Report

Human-Friendly Version To truly understand this market, we dig deep into its different segments, considering both financial and lifestyle factors. We break down each segment and sub-segment, giving you dollar values in billions. We then take a closer look at where this market is growing the fastest and which regions are leading the charge. We analyze different regions to see how people in each area use this product or service. We also look at factors that are affecting the market in each region. Who are the big players in this market? We rank them and tell you about their latest releases, partnerships, and growth strategies. We also give you detailed profiles of these leading companies, including their strengths, weaknesses, and what makes them tick. To give you a complete picture, we look at the latest trends in the industry and what's driving its growth. We also consider any challenges or limitations that could affect the market. Using a tool called Porter's Five Forces Analysis, we take a close look at the competitive landscape in the market. We also provide a Value Chain analysis to show you how different parts of the industry work together. Finally, we give you our take on the future of this market and what opportunities and obstacles lie ahead. And to top it off, you'll get 6 months of support from our analysts to answer any questions you may have.

Table of Content

1 INTRODUCTION OF GLOBAL LABORATORY INFORMATICS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources

4 GLOBAL LABORATORY INFORMATICS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis

5 GLOBAL LABORATORY INFORMATICS MARKET, BY COMPONENT
5.1 Overview
5.2 Services
5.3 Software

6 GLOBAL LABORATORY INFORMATICS MARKET, BY TYPE OF SOLUTION
6.1 Overview
6.2 Scientific Data Management Systems (SDMS)
6.3 Enterprise Content Management (ECM)
6.4 Electronic Lab Notebooks (ELN)
6.5 Others

7 GLOBAL LABORATORY INFORMATICS MARKET, BY INDUSTRY
7.1 Overview
7.2 Chemicals Industry
7.3 Food & Beverage and Agriculture Industry
7.4 Life Sciences Industry
7.5 Petrochemical Refineries and Oil & Gas Industry
7.6 Others

8 GLOBAL LABORATORY INFORMATICS MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East & Africa

9 GLOBAL LABORATORY INFORMATICS MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies

10 COMPANY PROFILES

10.1 Thermo Fisher Scientific Inc.
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments

10.2 LabVantage Solutions, Inc.
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments

10.3 LabWare
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments

10.4 Agilent Technologies, Inc.
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments

10.5 Waters Corporation
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments

10.6 Labworks LLC
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments

10.7 Autoscribe Informatics
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments

10.8 Dassault Systèmes
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments

10.9 LabLynx, Inc.
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments

10.10 Abbott Informatics
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments

11 Appendix
11.1 Related Research

Key Players

  • Thermo Fisher Scientific Inc.
  • LabVantage Solutions
  • Inc.
  • LabWare
  • Abbott Informatics
  • LabLynx
  • Inc.
  • Waters
  • Agilent Technologies
  • Inc.
  • Autoscribe Informatics
  • Dassault Systèmes
  • Labworks LLC.  

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