Press release
Laboratory Informatics Market: Robust Growth, Influenced by Rise in Electronic Lab Notebooks and Increased Adoption of Cloud-based Solutions
Laboratory Informatics Market
What Is The Projected Market Size Of The Global Laboratory Informatics Market And Its Growth Rate?
• Market Size (2024): $3.8 billion
• Market Size (2025): $4.03 billion (CAGR 6.0%) - Powered by the rise of electronic lab notebooks, laboratory automation, growing pharmaceutical R&D, and integration of laboratory systems.
• Projected Market Size (2029): $6.24 billion (CAGR 11.6%) - Anticipated growth due to increased adoption of cloud-based solutions, mobile informatics, globalization of research collaborations, and data standardization initiatives.
What Is Driving The Growth In The Laboratory Informatics Market?
The need for laboratory automation is anticipated to spur the market growth. Rampant human errors in laboratory operations result in organizations shifting towards automated solutions. As per a study by AZoLifeSciences, human errors account for 30-86% of pre-analytical labs errors. Laboratory automation employs automated laboratory instruments and advanced analytical software, which make large scale operations precise and accurate. It also lowers overall costs associated with manual operations. Therefore, the rising demand for laboratory automation will fuel the laboratory informatics market in the forecast period.
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Who Are the Key Players Driving Laboratory Informatics Market Growth?
• Thermo Fisher Scientific Inc.
• LabVantage Solutions Inc.
• LabWare Inc.
• STARLIMS Corporation
• LabLynx Inc.
• Waters Corporation
• Autoscribe Informatics
• LABWORKS LLC
• Cerner Corporation
• McKesson Corporation
• ID Business Solutions Limited
• Arxspan LLC
• Kinematik Ltd.
• RURO Inc.
• Accelerated Technology Laboratories Inc.
• Agilent Technologies Pvt. Ltd.
• PerkinElmer Inc.
• Dassault Systèmes SE
• Novatek International Inc.
• LabArchives Inc.
• Bio-ITech BV
• GenoLogics Life Sciences Software Inc.
• LabKey Corporation
• LabSoft LIMS by Computing Solutions Inc.
• LIMS-plus
• Promium LLC
• Danaher Corporation
• Siemens Healthineers AG
• GE Healthcare Technologies Inc.
• Epic Systems Corporation
What Are The Key Trends In The Laboratory Informatics Market?
Some of the key trends include:
• Advancements in data visualization tools
• Cross-platform integration
• Enhanced user experience
• Exploration of blockchain technology
What Are The Segments Of The Global Laboratory Informatics Market?
• By Type: LIMS, ELN, CDS, EDC, CDMS, LES, ECM, SDMS
• By Component: Services, Software
• By Deployment Model: On-premise, Cloud-based, Remotely Hosted
• By Industry: Life Sciences, Chemicals, Food and Beverage, Agriculture, Petrochemical Refineries, Oil and Gas, Environmental Testing Laboratories, Others
Which Region Leads The Laboratory Informatics Market?
North America was the largest region in the laboratory informatics market in 2024. Asia-Pacific is predicted as the fastest-growing region in the upcoming period.
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What Is Covered In The Laboratory Informatics Market Global Market Report?
- Market Size Analysis: Analyze the Laboratory Informatics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Laboratory Informatics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Laboratory Informatics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Laboratory Informatics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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