Meticulous Research® Publishes Report on the Global Laboratory Informatics Market-Projected to Reach $6.1 Billion by 2030

August 22, 2024-Meticulous Research®, a leading global market research company, has announced the release of its latest report, titled "Laboratory Informatics Market by Solution Type (LIMS, ELN, EDC, CDMS, LES, ECM, SDMS), Delivery Mode (Web, Cloud, On-Premise), Component (Service, Software), End User (Pharma & Biotech, CROs, CMOs, Food & Beverage, Chemical) - Global Forecast to 2030." According to the report, the global laboratory informatics market is expected to reach $6.1 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.9% during the forecast period.

The growth of the laboratory informatics market is primarily driven by increasing R&D activities in the life sciences industry, the growing adoption of automation in laboratories, technological advancements in informatics solutions, and the rising need to comply with stringent regulatory frameworks. Additionally, the expansion of the market into untapped regions and the growing use of laboratory informatics in emerging sectors such as the present significant growth opportunities. However, the market faces challenges, including a shortage of skilled professionals and the lack of integration standards for Laboratory Information Management Systems (LIMS).

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Scope of the Report
Laboratory Informatics Market, by Solution Type:
• Laboratory Information Management Systems (LIMS)
• Electronic Lab Notebooks (ELN)
• Chromatography Data Systems (CDS)
• Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
• Laboratory Execution Systems (LES)
• Enterprise Content Management (ECM)
• Scientific Data Management Systems (SDMS)
Laboratory Informatics Market, by Delivery Mode:
• Web-based Solution
• Cloud-based Solution
• On-premise Solution
Laboratory Informatics Market, by Component:
• Service
• Software
Laboratory Informatics Market, by End User:
• Life Sciences (Pharmaceutical & Biotechnology Companies, Academic & Research Institutes, Biobanks & Biorepositories, CMOs & CROs, Other Life Science Users)
• Food & Beverage
• Chemical Industry
• Petrochemicals and Oil & Gas Industry
• Environmental Testing Laboratories
• Other End Users**
*(Note: *Others include diagnostic laboratories and toxicology laboratories)

Geographical Analysis
The report provides a comprehensive analysis of the laboratory informatics market across major geographies, including North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and
Middle East & Africa.
In 2023, North America is anticipated to hold the largest market share, driven by significant R&D investments, stringent regulatory requirements, and the rapid adoption of advanced technologies.

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Market Segment Analysis

The report segments the laboratory informatics market by solution type, delivery mode, component, and end user. In 2023, the Laboratory Information Management Systems (LIMS) segment is expected to dominate the market, attributed to its integration capabilities, automation of workflows, and efficient sample management.

The services segment is projected to account for the largest market share in 2023, driven by evolving regulatory demands, technological advancements, and the increased adoption of cloud-based solutions. The life sciences sector is anticipated to be the largest end user, driven by regulatory pressures, growing R&D activities, and the need for improved laboratory productivity.

Key Market Players
Prominent companies in the laboratory informatics market include:
• Agilent Technologies, Inc. (U.S.)
• Thermo Fisher Scientific Inc. (U.S.)
• ID Business Solutions Limited (U.K.)
• PerkinElmer, Inc. (U.S.)
• STARLIMS Corporation (U.S.)
• Labworks (U.S.)
• LabLynx, Inc. (U.S.)
• LabVantage Solutions Inc. (U.S.)
• LabWare, Inc. (U.S.)
• Autoscribe Informatics (U.K.)
• Novatek International (Canada)
• Dassault Systèmes (France)
• Waters Corporation (U.S.)

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Key Questions Answered in the Report:
• Which are the high-growth market segments in terms of solution type, delivery mode, component, end user, and regions/countries?
• What was the historical market for laboratory informatics across the globe?
• What are the market forecasts and estimates for the period 2023-2030?
• What are the major drivers, restraints, challenges, opportunities, and trends in the global laboratory informatics market?
• Who are the major players in the global laboratory informatics market?
• What is the competitive landscape, and who are the market leaders in the global laboratory informatics market?
• What are the recent developments in the laboratory informatics market?
• What are the different strategies adopted by the major players in the laboratory informatics market?
• What are the geographical trends and high-growth regions/countries?

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This release was published on openPR.