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.

The Laboratory Informatics Market was valued at $3.86 Billion by 2023 and expected to grow at CAGR of 4.94% over forecast period. Laboratory informatics refers to the application of information technology, data management, and communication tools in scientific laboratories to streamline processes, enhance data analysis, and improve overall efficiency. It encompasses various software, hardware, and systems designed to facilitate the collection, storage, retrieval, and analysis of scientific data generated in laboratory settings. Healthcare institutions generate vast amounts of data from various sources such as electronic health records (EHRs), laboratory tests, imaging studies, and genomic sequencing. Laboratory informatics solutions facilitate the integration and interoperability of these disparate data sources, allowing healthcare providers to access comprehensive patient information for better diagnosis, treatment planning, and patient care coordination. The advent of precision medicine, which tailors medical treatments to individual characteristics such as genetic makeup, lifestyle, and environmental factors, relies heavily on laboratory data and analysis. Laboratory informatics systems play a crucial role in managing and analyzing genomic, proteomic, and other molecular data to support personalized healthcare approaches. The rise of telemedicine and remote patient monitoring technologies has increased the demand for laboratory informatics solutions that support remote access to laboratory test results, facilitate virtual consultations between healthcare providers and patients, and enable remote monitoring of patients' health status.

Lactic Acid Bacteria held the largest share in the 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)) where Laboratory Information Management Systems (LIMS) plays a crucial role in the Laboratory Informatics market. Laboratory Information Management Systems (LIMS) are software solutions designed to manage and streamline the operations and data management tasks within a laboratory environment. LIMS facilitate the tracking of samples, automate workflows, manage data, and ensure regulatory compliance. Healthcare organizations, including hospitals, clinics, and diagnostic laboratories, face increasing pressure to improve operational efficiency and productivity while delivering high-quality patient care. LIMS automate manual tasks, streamline workflows, and reduce turnaround times for laboratory testing, resulting in increased efficiency and productivity. Healthcare laboratories are subject to stringent regulatory requirements regarding data management, documentation, and security. LIMS provide features such as audit trails, electronic signatures, and data encryption to maintain data integrity and ensure compliance with regulatory standards, including Health Insurance Portability and Accountability Act (HIPAA) regulations.

North America headed the Laboratory Informatics market in 2023

Healthcare institutions in North America generate vast amounts of data from various sources, including electronic health records (EHRs), laboratory tests, imaging studies, and genomic sequencing. Laboratory informatics solutions are essential for managing, analyzing, and interpreting this complex and diverse data to support clinical decision-making, research, and population health management. North America is at the forefront of precision medicine initiatives, which aim to tailor medical treatments to individual patients based on their genetic makeup, lifestyle, and other factors. Laboratory informatics systems play a crucial role in managing and analyzing genomic, proteomic, and other molecular data to support personalized healthcare approaches, such as targeted therapies and pharmacogenomics. With the widespread adoption of electronic health records (EHRs) and other healthcare information systems in North America, there is a growing need for interoperability and integration between laboratory informatics systems and other healthcare IT systems. Integrated informatics solutions enable seamless exchange of patient information, test results, and clinical data across different healthcare settings, facilitating care coordination, interoperability, and population health management.

Key market players operating in the market that are profiled in the report are

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

Report 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

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support